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TransAlta ( (TSE:TA) ) has shared an update.
In 2024, TransAlta Corporation achieved significant milestones, including the commercial operation of wind facilities in Oklahoma and the strategic acquisition of Heartland Generation, adding 1.7 GW of capacity. The company reported strong financial results with $2.8 billion in revenues and $1.3 billion in adjusted EBITDA, reflecting its robust performance in the face of supply chain constraints and inflation. TransAlta continues to focus on decarbonization, achieving a 70% reduction in greenhouse gas emissions since 2015, and plans to retire remaining coal-fired capacity by the end of 2025. The company is committed to sustainable growth and enhancing shareholder value through disciplined capital allocation and investment in greenfield development.
More about TransAlta
TransAlta Corporation is a Canadian power generation and energy marketing company. It operates in the electricity industry, focusing on renewable energy, natural gas, and coal-fired power generation. The company serves markets in Canada, the United States, and Australia, aiming to transition towards cleaner energy solutions.
YTD Price Performance: -25.00%
Average Trading Volume: 1,696,229
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.15B
Learn more about TA stock on TipRanks’ Stock Analysis page.
