Buy, Sell or Hold: Transalta Renewables (RNW-T) — Stock Predictions at Stockchase

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Home Daily Stock Opinions and Ratings Transalta Renewables (RNW-T)

TSE:RNW

12.08

0.07 (0.58%) 1d

DON'T BUY

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

WATCH

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

HOLD

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

TOP PICK

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

WEAK BUY

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

WEAK BUY

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

DON'T BUY

RNW vs. TA 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.

Energy Infrastructure, Industrials & Utilities

DON'T 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 TF is 13x.

Energy Infrastructure, Industrials & Utilities

COMMENT

They're transitioning out of coal. It's a decent income name, though already owns enough utilities like AQN and Fortis.

Energy Infrastructure, Industrials & Utilities

WEAK BUY

Pretty good quality renewable portfolio. Steady dividend growth, healthy yield of 4.5%. Still upside. Likes it. Trades at a bit of a premium to AY, his preference, which has a more diverse geographic footprint in more ESG-friendly projects.

Energy Infrastructure, Industrials & Utilities

BUY

One of the names that pop up when looking into tilting the portfolio towards renewables. A solid space in the longer term. A good company and it has seen a nice lift off from lows.

Energy Infrastructure, Industrials & Utilities

BUY on WEAKNESS

Last year, it faired very well and Biden also boosted the price. The stocks in the sector have now pulled back. There is a sector change towards traditional cyclicals. The company is a secular growth opportunity with income. There is lots of opportunity for growth. The dividend is competitive and it should grow. Should profit from the ESG trend and multiple expansion.

Energy Infrastructure, Industrials & Utilities

BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It missed estimates for revenue bt 5% and EPS by 16%. The balance sheet is strong and is showing better growth than expected. Around $17.50, it would be attractive. Though it has now raised dividends since 2017, it is acceptable with good growth. Unlock Premium - Try 5i Free

Energy Infrastructure, Industrials & Utilities

BUY

RNW vs. INE RNW depends on drop-down from the parent for growth. Whereas INE is an independent power producer. At current valuations, he prefers RNW. Pretty good visibility over the next few years. INE is more expensive and has good prospects, but its valuation doesn't have as much upside.

Energy Infrastructure, Industrials & Utilities

WAIT

Not one of the best in the space, but the whole group has seen a rise. Assets in Australia, which is a favourable jurisdiction. Wait for last night's election results to calm down before taking a position.

Energy Infrastructure, Industrials & Utilities

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Transalta Renewables(RNW-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

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, 4 stock analysts published opinions about RNW-T. 2 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 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?

4 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 2023-02-03, Transalta Renewables (RNW-T) stock closed at a price of $12.08.

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