TSE:TA
Transalta Corp (TA.TO)
Financials 
Technical Analysis 
Jun 5, 2026, 12:00 amThis summary was created by AI, based on 11 opinions in the last 12 months.
Transalta Corp (TA-T) has garnered a range of opinions from experts, reflecting a mixed yet generally cautious sentiment. Some analysts point out that while there is potential demand for energy driven by data centers, there is also a concern that innovations might reduce consumption. The current market sentiment seems to favor AI-related stocks, leading to defensive names like Transalta underperforming. Despite a low yield of around 1.5%, the company is expected to see growth through several projects in Alberta. Analysts highlight a reasonable valuation considering earnings growth forecasts, with a price target set at $24.67, suggesting some upside potential. However, past issues like a significant dividend cut and high leverage raise caution, and most agree that current pricing may not be optimal for new investors.
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Premium contentPremium contentHas been rallying the last 3-4 months based on rate cuts. Has exposure to the Alberta power market which has seen prices under pressure since 2022. Prefers Capital Power.
Jamie Murray Ton of drama for many years. Exciting play when it separated out RNW, but then they put them back together. Underperformed since then. Not a bad name, but doesn't have the nice dividend that others in the space do.
Not the first place he'd put money. Dead money absent other catalysts. On a really sharp pullback, you could add. If you own it, it's a fine hold.
Premium contentWe reiterate this Canadian based developer of renewable energy as a TOP PICK. They recently announced the startup of a 200MW wind project in Oklahoma that is fully contracted - their 30th successful wind project. Shares trade at 12x earnings and support a robust 33% ROE. Quarterly cash reserves are growing again, while debt is retired and shares bought back. We continue to recommend a stop at $8.50, looking to achieve $13.00 -- upside potential of 26%. Yield 2.2%
(Analysts’ price target is $13.75)Premium contentThe Alberta based power generator holds a diverse portfolio of power generation assets in the US, Canada and Australia including 50 renewable projects with many new projects on the list. It trades at 12x earnings, 3.5x book and supports a 33% ROE. The modest dividend is supported by a payout ratio under 15% of cash flow. We recommend setting a stop-loss at $8.50, looking to achieve $13 -- upside potential of 30%. Yield 2.3%
(Analysts’ price target is $13.69)
Premium contentAt current levels we would consider TA 'OK'. But, it has not created much long term value, and has had to cut its dividend in the past. We would far prefer BEPC or H and would be comfortable swapping.
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Premium contentThe Alberta based utility operates over 2,000 MW of wind and solar generation spread between Canada and the US. It trades at 18x earnings and supports a 30% ROE. Cash reserves are growing while shares are bought back, but they do continue to add to debt. Its dividend is backed by a payout ratio under 15% of cash flow. We recommend placing a stop-loss at $8.50, looking to achieve $15.00 -- upside potential of 50%. Yield 2.2%
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Our PAST TOP PICK with TA has triggered its stop at $16. To remain disciplined, we recommend covering the position at this time. Combined with our previous guidance, this will result in a net investment gain of 46%.