(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.
(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.
It's been smashed in the past five years, dropping from the mid-teens to around $5-6, and cut their dividend. They made some bad calls when Alberta de-regulated and they let their transmission lines go. But they have turned around. The dividend could rise in coming years and it could move to $12. He prefers Capital Power.
It's been smashed in the past five years, dropping from the mid-teens to around $5-6, and cut their dividend. They made some bad calls when Alberta de-regulated and they let their transmission lines go. But they have turned around. The dividend could rise in coming years and it could move to $12. He prefers Capital Power.
It has not done very well. He also bought some of the preferreds. He thinks they are moving in the right direction. The dividend is pretty secure. They have a long way to go to complete their turnaround. There may be tax loss selling at the end of the year but many have already taken their loss.
It has not done very well. He also bought some of the preferreds. He thinks they are moving in the right direction. The dividend is pretty secure. They have a long way to go to complete their turnaround. There may be tax loss selling at the end of the year but many have already taken their loss.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
Transalta Corp is a Canadian stock, trading under the symbol TA-T on the Toronto Stock Exchange (TA-CT). It is usually referred to as TSX:TA or TA-T
In the last year, 3 stock analysts published opinions about TA-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Transalta Corp.
Transalta Corp was recommended as a Top Pick by Paul Gardner, CFA on 2021-04-08. Read the latest stock experts ratings for Transalta Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Transalta Corp In the last year. It is a trending stock that is worth watching.
On 2021-04-13, Transalta Corp (TA-T) stock closed at a price of $12.41.
