12:20:35 EDT Sun 06 Jul 2025
Enter Symbol
or Name
USA
CA



TransAlta Corp
Symbol TA
Shares Issued 298,163,029
Close 2025-04-24 C$ 12.18
Market Cap C$ 3,631,625,693
Recent Sedar Documents

Globe says TransAlta maintained at "outperformer"

2025-04-25 05:37 ET - In the News

The Globe and Mail reports in its Friday, April 24, edition that CIBC analysts Mark Jarvi and Robert Catellier made several adjustments to target prices for energy infrastructure companies and power producers in their coverage universe on Thursday. The Globe's David Leeder writes that Mr. Jarvi and Mr. Catellier say in a note: "We have modified estimates for the mid-streamers under coverage to reflect colder weather in Q1/25 and lower marketing margins going forward, including frac spreads and crack spreads, largely due to concerns on tariffs. Notably, the forward curve for oil prices is $10/Bbl lower since 'Liberation Day' and is in backwardation. We expect solid results for the regulated utilities, which would sustain the momentum in names that are benefiting from a flight to stability in these uncertain times. For power companies, we expect mixed results but overall we're biased to the downside given unfavourable weather trends and moderating power prices in key regions (e.g., Alberta). ... Q1 results/updates likely won't be catalysts to help surface this value." Mr. Jarvi continues to rate TransAlta "outperformer." He gave his share target a 50-cent trim to $19. Analysts on average target the shares at $18.05.

© 2025 Canjex Publishing Ltd. All rights reserved.