The Globe and Mail reports in its Friday, May 9, edition that National Bank Financial analyst Patrick Kenny is maintaining his "outperform" ranking for TransAlta. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kenny gave his share target a $4 trim to $16. Analysts on average target the shares at $16.45. Mr. Kenny lowered his share target following first quarter results that fell "slightly" below his expectations. Mr. Kenny says in a note, "With the stock currently reflecting a long-term AB power price of $60/MWh, well below our marginal cost of new baseload capacity, combined with potential near-term upside from securing commercial support for a life-extension project at Centralia and/or a data centre co-location opportunity at Keephills, we maintain our 'outperform' rating." The Globe reported on June 1, 2023, and Aug. 23, 2023, that Mr. Kenny rated TransAlta "outperform." It was then worth $13.02 and $11.81. The Globe reported on May 7, 2025, that Desjardins Securities analyst Brent Stadler had reaffirmed his "hold" recommendation for TransAlta. The shares were then going for $12.45.