OTCMKTS:TRSWF

TransAlta Renewables (TRSWF) Stock Forecast, Price & News

$9.52

-0.11 (-1.14%)

(As of 09/21/2023 ET)

Compare

Today's Range: $9.52
▼
$9.56
50-Day Range: $9.52
▼
$10.24
52-Week Range: $7.78
▼
$12.00

Volume: 21,739 shs
Average Volume: 7,715 shs
Market Capitalization: N/A

P/E Ratio: 25.68
Dividend Yield: 8.69%
Price Target: $20.80

Profile Analyst Ratings Chart Competitors Headlines Short Interest

TransAlta Renewables MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 118.5% Upside
$20.80 Price Target
Short Interest: Bearish
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
TransAlta Renewables has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.80, TransAlta Renewables has a forecasted upside of 118.5% from its current price of $9.52.
Amount of Analyst Coverage
TransAlta Renewables has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
TransAlta Renewables has a short interest ratio ("days to cover") of 93.9, which indicates bearish sentiment.
Change versus previous month
Short interest in TransAlta Renewables has recently decreased by 32.54%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
TransAlta Renewables is a leading dividend payer. It pays a dividend yield of 6.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TransAlta Renewables does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TransAlta Renewables is 223.16%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRSWF.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta Renewables insiders have not sold or bought any company stock.
Percentage Held by Institutions
75.93% of the stock of TransAlta Renewables is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta Renewables is 25.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta Renewables is 25.68, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 91.62.

See Top Rated MarketRank™ Stocks Here

About TransAlta Renewables (OTCMKTS:TRSWF) Stock

TransAlta Renewables Inc. owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. Its portfolio of assets comprises 50 renewable power generation facilities, including wind, hydro, and gas. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. operates as a subsidiary of TransAlta Corporation.

TRSWF Price History

30 days | 90 days | 365 days | Advanced Chart

TRSWF Stock News Headlines

September 13, 2023 | finance.yahoo.com

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders Vote "FOR" TransAlta Renewables' Plan of Arrangement with TransAlta Corporation

August 17, 2023 | finance.yahoo.com

TRSWF - TransAlta Renewables Inc.

September 22, 2023 | Chaikin Analytics (Ad)

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August 3, 2023 | finance.yahoo.com

TransAlta Renewables Reports Second Quarter 2023 Results

July 11, 2023 | financialpost.com

TransAlta signs deal to acquire all of TransAlta Renewables worth $1.3 billion

July 11, 2023 | finance.yahoo.com

CANADA STOCKS-Energy, tech boosts TSX ahead of BoC decision, U.S. inflation data

May 4, 2023 | finance.yahoo.com

TransAlta Renewables Inc. Reports on Voting Results from the 2023 Annual General Meeting of Shareholders

April 14, 2023 | finance.yahoo.com

Is There An Opportunity With TransAlta Renewables Inc.'s (TSE:RNW) 50% Undervaluation?

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April 11, 2023 | finance.yahoo.com

Media Advisory: TransAlta and TransAlta Renewables Annual Meetings of Shareholders and First Quarter 2023 Results and Conference Call

March 8, 2023 | finance.yahoo.com

3 Monthly Dividend Stocks Paying Investors Each Month

March 2, 2023 | seekingalpha.com

TRSWF TransAlta Renewables Inc.

February 26, 2023 | theglobeandmail.com

TransAlta reports $163-million quarterly loss, revenue up 40% from year ago

January 13, 2023 | msn.com

TransAlta Renewables declares C$0.0783 dividend

January 7, 2023 | finance.yahoo.com

Investors who have held TransAlta Renewables (TSE:RNW) over the last year have watched its earnings decline along with their investment

November 4, 2022 | finance.yahoo.com

TransAlta Renewables Reports Third Quarter 2022 Results

August 23, 2022 | finance.yahoo.com

TransAlta Renewables Announces IESO Contracts at Sarnia and Melancthon 1

July 31, 2022 | finance.yahoo.com

Despite the downward trend in earnings at TransAlta Renewables (TSE:RNW) the stock advances 4.8%, bringing three-year gains to 55%

July 12, 2022 | finance.yahoo.com

Correction Notice to Media Advisory Regarding Release Date of TransAlta Renewables Second Quarter 2022 Results

July 6, 2022 | finance.yahoo.com

Media Advisory: TransAlta and TransAlta Renewables Second Quarter 2022 Results and Conference Call

June 2, 2022 | seekingalpha.com

TransAlta Renewables gets bondholder waiver for New Brunswick turbine project

June 2, 2022 | msn.com

TransAlta Renewables Reveals Rehabilitation Plan For Kent Hills

June 2, 2022 | finance.yahoo.com

TransAlta Renewables Announces Rehabilitation Plan for Kent Hills, Executes 10-year Contract Extension with New Brunswick Power, and Receives Waiver from Project Bondholders

May 26, 2022 | seekingalpha.com

TransAlta: Renewable Growth Stories At Great Valuations

May 10, 2022 | finance.yahoo.com

Is TransAlta Renewables Inc.'s (TSE:RNW) Recent Performancer Underpinned By Weak Financials?

May 6, 2022 | seekingalpha.com

TransAlta Renewables Inc. (TRSWF) CEO John Kousinioris on Q1 2022 Results - Earnings Call Transcript

May 4, 2022 | finance.yahoo.com

TransAlta Renewables Inc. Reports on Voting Results from the 2022 Annual Meeting of Shareholders

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TRSWF Company Calendar

Today: 9/22/2023
Next Earnings (Estimated): 11/02/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Utilities—Renewable
Sub-Industry: N/A
Sector: Utilities
Current Symbol: OTCMKTS:TRSWF
CUSIP: N/A
CIK: N/A
Web: www.transaltarenewables.com
Phone: (403) 267-7110
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.80
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +118.5%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 25.68
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Todd John Stack (Age 56)
Pres & Non-Independent Director
Comp: $393.48k

Mr. Brent V. Ward
Chief Financial Officer

Mr. Aron John Willis (Age 48)
Exec. Vice-Pres of Growth
Comp: $296.38k

Mr. Scott T. Jeffers
VP & Corp. Sec.

Ms. Sally Taylor
Mang. of Investor Relations

Ms. Michelle Cameron
VP & Corp. Controller

Chad Macy
Sr. Environmental Advisor

Key Competitors

View All Competitors

TRSWF Stock - Frequently Asked Questions

Should I buy or sell TransAlta Renewables stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRSWF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRSWF, but not buy additional shares or sell existing shares.
View TRSWF analyst ratings or view top-rated stocks.
What is TransAlta Renewables' stock price forecast for 2023?: 3 brokerages have issued 12 month price objectives for TransAlta Renewables' stock. Their TRSWF share price forecasts range from $20.00 to $22.00. On average, they expect the company's share price to reach $20.80 in the next year. This suggests a possible upside of 118.5% from the stock's current price.
View analysts price targets for TRSWF or view top-rated stocks among Wall Street analysts.
How have TRSWF shares performed in 2023?: TransAlta Renewables' stock was trading at $8.26 at the beginning of the year. Since then, TRSWF stock has increased by 15.3% and is now trading at $9.52.
View the best growth stocks for 2023 here.
Are investors shorting TransAlta Renewables?: TransAlta Renewables saw a decrease in short interest in August. As of August 31st, there was short interest totaling 651,600 shares, a decrease of 32.5% from the August 15th total of 965,900 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is currently 94.4 days.
View TransAlta Renewables' Short Interest.

When is TransAlta Renewables' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our TRSWF earnings forecast.
Is TransAlta Renewables a good dividend stock?: TransAlta Renewables (OTCMKTS:TRSWF) pays an annual dividend of $0.83 per share and currently has a dividend yield of 6.88%. TRSWF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 223.16%. Payout ratios above 75% are not desirable because they may not be sustainable.
What is TransAlta Renewables' stock symbol?: TransAlta Renewables trades on the OTCMKTS under the ticker symbol "TRSWF."
How do I buy shares of TransAlta Renewables?: Shares of TRSWF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is TransAlta Renewables' stock price today?: One share of TRSWF stock can currently be purchased for approximately $9.52.
How can I contact TransAlta Renewables?: TransAlta Renewables' mailing address is 12th Avenue SW, Calgary, AB T2P. The official website for the company is www.transaltarenewables.com. The company can be reached via phone at (403) 267-7110.

This page (OTCMKTS:TRSWF) was last updated on 9/22/2023 by MarketBeat.com Staff

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