Transalta Renewables

RNW-T

Analysis and Opinions about RNW-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 11, 2020
She likes renewables. Nothing wrong with RNW, though other names are more liquid. This will grow if the parent company drops down more renewable assets to it. The dividend is safe. She owns other names in this sector because they're more liquid.
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She likes renewables. Nothing wrong with RNW, though other names are more liquid. This will grow if the parent company drops down more renewable assets to it. The dividend is safe. She owns other names in this sector because they're more liquid.
DON'T BUY
DON'T BUY
April 28, 2020

Doesn't follow this one much, and he prefers the renewables like Boralex, Algonquin and Innergex. RNW has some challenges, but the CEO is investing more in renewable power. Not at the top of his list in this sector. The worst is behind RNW after a rough few years.

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Doesn't follow this one much, and he prefers the renewables like Boralex, Algonquin and Innergex. RNW has some challenges, but the CEO is investing more in renewable power. Not at the top of his list in this sector. The worst is behind RNW after a rough few years.

DON'T BUY
DON'T BUY
July 8, 2019
It is a great company. They are better positioned now. It is about a 5% yield increasing at high single digits. It is an asset drop down model and he prefers companies that develop assets from the ground up.
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It is a great company. They are better positioned now. It is about a 5% yield increasing at high single digits. It is an asset drop down model and he prefers companies that develop assets from the ground up.
COMMENT
COMMENT
July 5, 2019
Spin out from TransAlta with a lot of their wind assets and some thermal generation from Australia, which from a sustainable perspective is not so great. Not a pure play green energy company. Nicely diversified company that has a very nice stable cashflow and dividends.
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Spin out from TransAlta with a lot of their wind assets and some thermal generation from Australia, which from a sustainable perspective is not so great. Not a pure play green energy company. Nicely diversified company that has a very nice stable cashflow and dividends.
DON'T BUY
DON'T BUY
December 28, 2018
The concern is with recent earnings which recently reported a decline of 10%. The payout ratio is only 65% and dividend growth has been increasing. He does not own at this point, due to it trading below a significant moving average. The ROE around 8% is too low for him.
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The concern is with recent earnings which recently reported a decline of 10%. The payout ratio is only 65% and dividend growth has been increasing. He does not own at this point, due to it trading below a significant moving average. The ROE around 8% is too low for him.
DON'T BUY
DON'T BUY
September 11, 2018

This is owned 60% by TransAlta and managed by TransAlta. RNW doesn’t have employees, it pays a management fee to TransAlta instead. The price has gone down over the past year, but so have most utilities, as interest rates have increased. The yield looks safe but there is no clear path for growth. Cash flow projections are flat. They sold 12 million shares in June, but are using the money to pay down debt rather than investing in significant new projects. She expects the price to stay flat, so one could invest in this stock for the yield alone. Alternatively, one could look for a company like this that has more growth projects underway. Yield 7.8%.

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Transalta Renewables (RNW-T)
September 11, 2018

This is owned 60% by TransAlta and managed by TransAlta. RNW doesn’t have employees, it pays a management fee to TransAlta instead. The price has gone down over the past year, but so have most utilities, as interest rates have increased. The yield looks safe but there is no clear path for growth. Cash flow projections are flat. They sold 12 million shares in June, but are using the money to pay down debt rather than investing in significant new projects. She expects the price to stay flat, so one could invest in this stock for the yield alone. Alternatively, one could look for a company like this that has more growth projects underway. Yield 7.8%.

WEAK BUY
WEAK BUY
July 20, 2018

Sell and cut losses? Would own it for the dividend. Might want to consider buying more. Primarily a coal utility, but spun off wind assets, which he likes. Unfortunately now, about 41% of their portfolio are Australian nat gas assets. Doesn’t love it, prefers pure play renewable energy stocks. Lots of opportunity here, and not going to be short of cash. Would want clarity on projects and strategic direction moving forward.

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Sell and cut losses? Would own it for the dividend. Might want to consider buying more. Primarily a coal utility, but spun off wind assets, which he likes. Unfortunately now, about 41% of their portfolio are Australian nat gas assets. Doesn’t love it, prefers pure play renewable energy stocks. Lots of opportunity here, and not going to be short of cash. Would want clarity on projects and strategic direction moving forward.

COMMENT
COMMENT
July 6, 2018

It fell with the other utilities but has not bounced back as much as the others. He is neutral on it. He likes its stability and its valuation characteristics but it is not showing good price momentum.. The dividend yield is high, the payout ratio is not excessive and the 15x Price to EBITDA is a little cheaper than its peers, so it wouldn’t take a whole lot of price improvement for him to recommend it. He needs more confidence that disappointed sellers have sold their shares and so will not sell the stock off when it rises more

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It fell with the other utilities but has not bounced back as much as the others. He is neutral on it. He likes its stability and its valuation characteristics but it is not showing good price momentum.. The dividend yield is high, the payout ratio is not excessive and the 15x Price to EBITDA is a little cheaper than its peers, so it wouldn’t take a whole lot of price improvement for him to recommend it. He needs more confidence that disappointed sellers have sold their shares and so will not sell the stock off when it rises more

DON'T BUY
DON'T BUY
July 3, 2018

It is not one of his favorites in the space – he holds Northland Power. Rising interest rates has provided some headwinds for this space in general. Their assets are primarily in Australia and 54% of their assets are in wind generation.

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It is not one of his favorites in the space – he holds Northland Power. Rising interest rates has provided some headwinds for this space in general. Their assets are primarily in Australia and 54% of their assets are in wind generation.

DON'T BUY
DON'T BUY
April 13, 2018

He thinks their assets in the US are minimal. The parent company thought this was too expensive to roll into its portfolio in conversations he had with management recently. This is a real rat’s nest of complexity and he would prefer to not own it.

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He thinks their assets in the US are minimal. The parent company thought this was too expensive to roll into its portfolio in conversations he had with management recently. This is a real rat’s nest of complexity and he would prefer to not own it.

COMMENT
COMMENT
January 16, 2018

This holds the majority of TransAlta's (TA-T) power generation assets. It’s a little interest rate sensitive. The renewable area is an area of growing presence. Given the new policies under the Alberta NDP government, renewable assets are probably worth more today than they were before. He would consider this as a Hold to a Buy.

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This holds the majority of TransAlta's (TA-T) power generation assets. It’s a little interest rate sensitive. The renewable area is an area of growing presence. Given the new policies under the Alberta NDP government, renewable assets are probably worth more today than they were before. He would consider this as a Hold to a Buy.

COMMENT
COMMENT
December 6, 2017

Thinks the problem with the stock is that it is harder and harder to find cheap assets, and it is difficult to build assets, so are challenged on the growth side. Dividend yield of about 7%.

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Thinks the problem with the stock is that it is harder and harder to find cheap assets, and it is difficult to build assets, so are challenged on the growth side. Dividend yield of about 7%.

COMMENT
COMMENT
November 3, 2017

Doesn't see a lot of growth on this. Fairly cheap at 16X, versus its 21X versus its five-year average. 70% payout ratio on 2018 on a free cash flow basis. Probably not a bad value at these levels, but not a lot of growth going forward.

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Doesn't see a lot of growth on this. Fairly cheap at 16X, versus its 21X versus its five-year average. 70% payout ratio on 2018 on a free cash flow basis. Probably not a bad value at these levels, but not a lot of growth going forward.

WATCH
WATCH
October 16, 2017

There is a rounded look to the current pattern. Back in 2016 it found a level about $13 and is the ‘Trump Dump’ where it found support. That will continue to be your level of support. It is in a bit of a bearish pattern but if it bounces off the support level it could be good.

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There is a rounded look to the current pattern. Back in 2016 it found a level about $13 and is the ‘Trump Dump’ where it found support. That will continue to be your level of support. It is in a bit of a bearish pattern but if it bounces off the support level it could be good.

COMMENT
COMMENT
August 4, 2017

Technically, the stock has been rolling over in the last little while, and in fact has established an intermediate downward trend. It is underperforming the market. There is some support at around $12.50, but that implies downside risk of over $1.50. He would be very cautious on this at these levels.

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Technically, the stock has been rolling over in the last little while, and in fact has established an intermediate downward trend. It is underperforming the market. There is some support at around $12.50, but that implies downside risk of over $1.50. He would be very cautious on this at these levels.

Showing 1 to 15 of 50 entries

Transalta Renewables(RNW-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

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, 1 stock analyst published opinions about RNW-T. 0 analysts recommended to BUY the stock. 1 analyst 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 Christine Poole on 2020-08-11. 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?

1 stock analyst 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 2020-09-25, Transalta Renewables (RNW-T) stock closed at a price of $16.39.