0.14 (1.13%) 1d

Related posts

Oil and stocks extend gainsBudget winnersEarnings season kicks off rally
Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Experts have varied opinions on Transalta Renewables (RNW-T). Some believe that the takeover deal will go through and recommend holding shares in the parent company, TransAlta, while others see the takeover as disappointing with the option to accept cash plus shares. Despite interest rate increases impacting yield companies, RNW is viewed as a good investment with a solid balance sheet and compelling free cash flow yield. The renewable business is expected to continue growing despite recent market fluctuations, making it a potentially valuable long-term investment.

Fair Value
(A Top Pick Oct 20/22, Up 1%)

Recently bought by TransAlta parent. Growth and dividend play. Will continue to own shares in parent (TransAlta). 

Energy Infrastructure, Industrials & Utilities

The takeover deal will go through. Nothing left in the stock. You wouldn't buy it to make a tiny, minimal percentage.

Energy Infrastructure, Industrials & Utilities

RNW is a yield proxy, and those have fallen, with decent yield and nice EPS growth. Parent company is taking it over, pending approval. The real question is what do you do with TA? Transaction looks slightly dilutive. Long term, bigger flow in a simplified structure, which could lead to a higher valuation. 

Backdrop for TA is really supportive, solid balance sheet, compelling free cashflow yield of 15%. Could be synergies. He likes TA post-closing.

Energy Infrastructure, Industrials & Utilities

Disappointing. TA is taking it private at $13 per share. A good thing, as RNW was paying out all free cashflow in dividends. If you like the company as a whole, there's an option to accept cash plus shares. He'd exit, take the money and run.

Energy Infrastructure, Industrials & Utilities

All renewables took off on hype, but then collapsed. The renewable business will continue to grow. Remember that, while renewables are important to the energy complex, they're not yet economically efficient. For example, when there's no wind, you need backup. Right time to buy.

Energy Infrastructure, Industrials & Utilities

A yield company, and they've all been hurt by interest rate increases. Looked like it had really good growth until December, when growth impetus shifted to the parent, TA. Good 7.5% dividend, especially if rates don't go up as much. Quite cheap at 15x, still decent growth rate. More value in TA, but RNW is still good.

Energy Infrastructure, Industrials & Utilities
Allan Tong’s Discover Picks

However its cash-available-for-distribution outlook was down 9.5%. Shares immediately plunged 15% from $14.35, and have more or less hovered around $12 this year. Sure, RNW pays a 7.88% dividend, but at a nosebleed 335.7% payout ratio. Maybe a nimble trader can jump in and out of this and gain a few dollars, but all others should avoid. Read Budget winners for our full analysis. 

Energy Infrastructure, Industrials & Utilities

Not a great stock.
Charts suggesting a bad time to buy.
Waiting to see if shares stop falling.

Energy Infrastructure, Industrials & Utilities

Power company that was spun out from TransAlta.
Results not great lately.
$12 share price a fair price.
Would prefer parent company (TransAlta). 

Energy Infrastructure, Industrials & Utilities
Growth outlook muted, parent company TA has decided to keep many of the projects themselves. Attractive yield around 7%. Cashflow slowing, so goal is to maintain dividend. For income stocks, you like to see dividend growth annually, and RNW can't offer that right now.
Energy Infrastructure, Industrials & Utilities
Yesterday, management talked about the difficult environment for the next little while. EBITDA numbers are going to be lower on the renewables side. Unexpected tax bill. Hard to make acquisitions in the industry environment. Lots of competition for assets. Yield is about 8%, so may be some issues with that. Don't own until you see stability.
Energy Infrastructure, Industrials & Utilities
It has sold off the last several months. Attractive dividend. Hold, don't sell. As bond yields slip lower in 2023, RNW will look attractive.
Energy Infrastructure, Industrials & Utilities
Down 32% in 1 year. Trades 15x 2023, 24% growth. Bearing brunt of inflation fears. Fed might pause, though not stop, in the next 3 months. Dropdowns from parent are a good source of growth, extended contracts. Can't hurt you from here, no matter what comes in the next year. Yield is 7.08%. (Analysts’ price target is $18.17)
Energy Infrastructure, Industrials & Utilities
All utilities have trading well sharply in recent months, the last sector that got hit this year amid rising rates. All are good to enter now, but prefers other names over RNW (see top picks)
Energy Infrastructure, Industrials & Utilities
Incredible dividend, really good balance sheet, renewed major contract out to 2031, good growth rate of 24% EPS from 2022-24. Pricey. Owned by TA, which is way cheaper. You can own it by buying TA, with more upside. But it works on its own too.
Energy Infrastructure, Industrials & Utilities
Showing 1 to 15 of 76 entries

Transalta Renewables(RNW-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 5

Stockchase rating for Transalta Renewables is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Transalta Renewables(RNW-T) Frequently Asked Questions

What is Transalta Renewables stock symbol?

Transalta Renewables is a Canadian stock, trading under the symbol RNW-T on the Toronto Stock Exchange (RNW-CT). It is usually referred to as TSX:RNW or RNW-T

Is Transalta Renewables a buy or a sell?

In the last year, 5 stock analysts published opinions about RNW-T. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Transalta Renewables.

Is Transalta Renewables a good investment or a top pick?

Transalta Renewables was recommended as a Top Pick by on . Read the latest stock experts ratings for Transalta Renewables.

Why is Transalta Renewables stock dropping?

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.

Is Transalta Renewables worth watching?

5 stock analysts on Stockchase covered Transalta Renewables In the last year. It is a trending stock that is worth watching.

What is Transalta Renewables stock price?

On 2023-10-10, Transalta Renewables (RNW-T) stock closed at a price of $12.48.