Transalta Corp (TA.TO) Buy, Sell or Hold

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Transalta Corp (TA.TO)

16.20

-0.21 (1.28%)

as of Sep 3, 2026, 4:52:34 pm Market Open.

234 watching

Investor Insights

Sep 3, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Transalta Corp (TA-T) is currently navigating a mixed market sentiment, influenced by its recent strategic acquisitions in Colorado and the broader dynamics of the utilities sector. Experts note the company's trading range and potential breakout possibilities, amid an environment of increasing energy demand, particularly from data centers in Alberta. While some analysts appreciate the long-term growth trajectory suggested by discounted cash flow models and future EPS growth of 50-60%, concerns linger regarding its low dividend yield and the potential impact of interest rate sensitivities. Consequently, although there are positive indicators and excitement around AI-driven power demand, a cautious approach is recommended until the market settles and confirms the value of the recent acquisitions.

Consensus

Cautious

Valuation

Undervalued

Similar

CPX,CPX

DON'T BUY

He prefers Canadian Utilities, because it's better managed with fewer legacy problems. TA has disappointed investors in the past.

BUY

TA vs. RNW vs. AQN AQN's growth rate is 13%, trading around $17, a discount to the group. At these levels, when not many people are owning it and not expecting much, AQN pays a nice dividend. RNW had turbine problems and pulled back. TA is at a discount to the sum of its parts, as it owns RNW but doesn't get full value in the share price. TA is the better buy for upside.

HOLD

A regulated utility. Need to think about interest rates sensitivity. Need to buy it at the right time. If rates go up, be underweight until interest rates peak out, near 2% to jump into utilities. Wouldn't sell but would not buy more.

BUY

Transalta vs. Transalta Renewables Transalta, becuse it's cheaper, and it owns 40% of TR anyway. They just announced a plan to transition away from coal and gas into wind and power. It trades at 8x EBITDA, whereas TR is 13x.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has shown a strong quarter reporting 7 cents per EPS vs the expected 5 cents. EBITDA has increased 39% with free cash flow increasing 55%. Shares trade at 8x EV to EBITDA, which is in the middle of their historic range. The momentum is encouraging. Unlock Premium - Try 5i Free

HOLD

For a TFSA or RRSP? A decent income stock. She owns some utilities. They're transitioning out of coal. Continue to hold it. She holds growth stocks in an RRSP for the sheltering. A cash account is the best place to hold an income stock so you can take advantage of the dividend tax credit.

BUY

Can charge more for assets because of the SCC decision, so they'll be more highly regarded. It's fine.

PAST TOP PICK

(A Top Pick Jan 28/20, Up 22%) Gives him exposure to renewable infrastructure. TA has rebounded since the pandemic. TA is viewed as Alberta power, but it also co-owns subsidiary Transalta Renewables (wind and solar power generation). You get the rest of TA for free, really, if you strip out T-Renewables. The price of electricity has really come back recently which has boosted shares. This is undervalued and he still likes it.

COMMENT

Owns Transalta renewables. The utility sector as a whole suffers from being not too cheap, fairly leveraged and so he would prefer to get companies that have better cashflow.

BUY

Just had a strong Q2 and reinforced their guidance. There's an extra $3 of value here. Brookfield just made an investment. Has a great balance sheet. Renewables are a hot area, too. With their cash, they can buy back lots of shares. Trading at a 15% free cash yield vs. 9% from its peers.

TOP PICK

Has a $12 price target. Brookfield owns a portion and will buy more. Its ESG score has risen. It's a turnaround story and underowned. Good for renewable exposure. (Analysts’ price target is $10.97)

BUY

It does not pay much of a yield, so it generally is ignored. They are modeling 6% growth in cash flow per share. The balance sheet is in good shape. They are buying back shares. Not his favorite name, but has upside to $11.

HOLD

It has had a good bounce this year. Brookfield has been brought in (now holding 5% of the stock) and holds a couple of board seats. The true value is $11-$12, he thinks. He likes the hydro generation assets on the renewable trend. Yield 2.5%

SELL

He prefers ALA-T to this one at these levels. Nothing is going to move this one materially higher in the next while.

PAST TOP PICK

(A Top Pick Oct 03/18, Up 11%) Doing what it is supposed to do. Dull and boring. He likes their hydro assets and Brookfield has bought into a convertible bond, equivalent to about 5% of the stock outstanding and may add another 5% in the future. Management wants to buy back stock. It should be a $9-$10 stock.

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Transalta Corp (TA.TO)