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AltaGas ( (TSE:ALA) ) has issued an update.
AltaGas has activated its contingency plan to maintain uninterrupted operations at the Ridley Island Propane Export Terminal amid a pending labour strike by the International Longshore and Warehouse Union Local 523B. The company has implemented measures to ensure consistent export operations and expects minimal financial impact, reiterating its 2025 full-year guidance. RIPET is crucial for Canadian propane exports to Asia, enhancing energy security and market diversification, and AltaGas’s actions aim to sustain Canada-Asia trading relations.
The most recent analyst rating on (TSE:ALA) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on AltaGas stock, see the TSE:ALA Stock Forecast page.
Spark’s Take on TSE:ALA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALA is a Neutral.
AltaGas’s overall stock score is driven by a positive earnings call and fair valuation, which are offset by mixed financial performance and bearish technical indicators. The company’s strategic investments and growth projects provide a positive outlook, but challenges in revenue and cash flow need to be addressed to improve financial health.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The company operates a diversified, lower-risk, high-growth Utilities and Midstream business focused on delivering resilient and durable energy solutions.
Average Trading Volume: 913,141
Technical Sentiment Signal: Buy
Current Market Cap: C$12.93B
For an in-depth examination of ALA stock, go to TipRanks’ Overview page.