TransAlta (TAC) Stock Price, News & Analysis

Company Overview

TransAlta Corporation (NYSE:TAC) is a publicly traded power generation and wholesale marketing company headquartered in Calgary, Alberta. The company develops, owns, and operates a diverse portfolio of energy assets across North America and Australia. TransAlta’s core business activities include the production of electricity from a wide range of fuel sources, as well as the trading and optimization of power and related commodities.

TransAlta’s generation fleet encompasses coal-fired, natural gas, hydroelectric, wind, solar, and energy storage facilities. The company has made significant investments in renewables over the past decade, expanding its wind and solar capacity while gradually reducing its reliance on coal. In addition to fleet ownership, TransAlta provides ancillary services such as frequency control and voltage support, helping grid operators maintain system reliability. Its wholesale marketing arm leverages proprietary trading expertise to optimize dispatch schedules, manage fuel supply contracts, and mitigate price risks.

With operations spanning Canada, the United States and Australia, TransAlta serves a mix of regulated and deregulated markets. In Canada, it operates major hydroelectric assets in British Columbia and Alberta, alongside thermal and renewable facilities in Saskatchewan and Nova Scotia. In the U.S., TransAlta’s portfolio includes gas-fired plants and wind farms in states such as Texas, Washington and Oregon. The company’s Australian business focuses on renewable generation and storage solutions. TransAlta also participates in power trading markets in Mexico, providing market access and risk management services to wholesale customers.

Founded in 1909 as Calgary Power Company, TransAlta has evolved through strategic acquisitions, divestitures and technological investments to become a leading independent power producer. Under the leadership of President and CEO John Kousinioris and CFO Ken Taylor, TransAlta is focused on advancing its transition to a low-carbon energy provider. The company’s management team emphasizes sustainability initiatives and continuous improvement in operational performance, while pursuing growth opportunities in renewable energy and energy storage technologies.

Key Stats

• Today's Range: $10.60 to $10.85
• 50-Day Range: $8.53 to $11.48
• 52-Week Range: $6.78 to $14.64
• Volume: 142,780 shs
• Average Volume: 1.27 million shs
• Market Capitalization: $3.23 billion
• P/E Ratio: N/A
• Dividend Yield: 1.75%
• Price Target: $19.75
• Consensus Rating: Moderate Buy

TransAlta Stock Analysis - MarketRank™

TransAlta scored higher than 78% of companies evaluated by MarketBeat, and ranked 40th out of 98 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TransAlta has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

TransAlta has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 7.32%

Earnings Growth

Earnings for TransAlta are expected to grow by 7.32% in the coming year, from $0.41 to $0.44 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TransAlta is -530.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of TransAlta is -530.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

TransAlta has a P/B Ratio of 4.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.55% of the float of TransAlta has been sold short.

Short Interest Ratio / Days to Cover

TransAlta has a short interest ratio ("days to cover") of 7.5.

Change versus previous month

Short interest in TransAlta has recently decreased by 11.35%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

TransAlta pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

TransAlta has only been increasing its dividend for 2 years.

Dividend Sustainability

Based on earnings estimates, TransAlta will have a dividend payout ratio of 43.18% next year. This indicates that TransAlta will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.55% of the float of TransAlta has been sold short.

Short Interest Ratio / Days to Cover

TransAlta has a short interest ratio ("days to cover") of 7.5.

Change versus previous month

Short interest in TransAlta has recently decreased by 11.35%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.04

News Sentiment

TransAlta has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for TransAlta this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for TAC on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added TransAlta to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TransAlta insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.10% of the stock of TransAlta is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

59.00% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TAC Stock Analysis - Frequently Asked Questions

How have TAC shares performed this year?

TransAlta's stock was trading at $14.15 on January 1st, 2025. Since then, TAC shares have decreased by 24.9% and is now trading at $10.62.
View the best growth stocks for 2025 here.

How were TransAlta's earnings last quarter?

TransAlta Corporation (NYSE:TAC) announced its quarterly earnings results on Wednesday, May, 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.02. The utilities provider earned $526.69 million during the quarter, compared to the consensus estimate of $509.31 million. TransAlta had a negative trailing twelve-month return on equity of 1.64% and a net margin of 0.01%.
Read the conference call transcript.

How do I buy shares of TransAlta?

Shares of TAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of TransAlta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TransAlta investors own include Meta Platforms (META), NVIDIA (NVDA), Broadcom (AVGO), GE Aerospace (GE), Arista Networks (ANET), Novo Nordisk A/S (NVO) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 5/07/2025
• Ex-Dividend for 7/1 Dividend: 5/30/2025
• Record date for 7/1 Dividend: 6/01/2025
• Dividend Payable: 7/01/2025
• Today: 7/03/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: UTIL - ELEC PWR
• Sub-Industry: Utilities
• Current Symbol: NYSE:TAC
• CIK: 1144800
• Web: www.transalta.com
• Phone: (403) 267-7110
• Fax: 1-403-267-7405
• Employees: 1,220
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.75
• High Stock Price Target: $20.00
• Low Stock Price Target: $19.50
• Potential Upside/Downside: +85.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.02)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 25.96
• P/E Growth: N/A
• Net Income: $167.12 million
• Net Margins: 0.01%
• Pretax Margin: 3.62%
• Return on Equity: -1.64%
• Return on Assets: -0.17%

Debt

• Debt-to-Equity Ratio: 4.19
• Current Ratio: 0.84
• Quick Ratio: 0.78

Sales & Book Value

• Annual Sales: $2.08 billion
• Price / Sales: 1.52
• Cash Flow: $1.73 per share
• Price / Cash Flow: 6.17
• Book Value: $2.21 per share
• Price / Book: 4.82

Miscellaneous

• Outstanding Shares: 296,400,000
• Free Float: 257,572,000
• Market Cap: $3.16 billion
• Optionable: Optionable
• Beta: 0.76