TransAlta ( (TSE:TA) ) has shared an update.
On March 26, 2025, TransAlta Corporation announced the implementation of an automatic share purchase plan (ASPP) to facilitate the repurchase of its common shares under a previously approved normal course issuer bid (NCIB). This initiative, effective April 1, 2025, allows TransAlta’s broker to buy shares even during periods when the company would typically be restricted from doing so, enhancing shareholder returns through strategic capital allocation. The plan underscores TransAlta’s commitment to leveraging its strong cash flow position to optimize shareholder value, with all shares purchased under the ASPP to be canceled.
More about TransAlta
TransAlta Corporation is a major player in the energy sector, owning, operating, and developing a diverse fleet of electrical power generation assets across Canada, the United States, and Australia. The company focuses on providing affordable, energy-efficient, and reliable power to municipalities, industries, businesses, and utility customers. TransAlta is recognized as one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal and hydro-electric power. Committed to sustainability, TransAlta aligns its goals with the UN Sustainable Development Goals and has significantly reduced its greenhouse gas emissions.
YTD Price Performance: -30.31%
Average Trading Volume: 1,983,774
Technical Sentiment Signal: Sell
Current Market Cap: $2.92B
Learn more about TA stock on TipRanks’ Stock Analysis page.