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TransAlta ( (TSE:TA) ) has issued an announcement.
TransAlta reported first-quarter 2026 results on May 6, 2026, showing resilient operations despite softer Alberta power prices and reduced market volatility. The fleet delivered high availability of 93.8%, but lower production of 5,444 GWh and weaker pricing drove revenue down to $565 million from $758 million a year earlier.
Adjusted EBITDA fell to $204 million from $270 million, and free cash flow declined to $102 million, or $0.34 per share, from $139 million, or $0.47 per share, while net earnings attributable to common shareholders dropped to $13 million, or $0.04 per share, versus $46 million previously. Management highlighted strong cash flow from operating activities of $123 million, reaffirmed its 2026 outlook and annual guidance, and pointed to ongoing progress on strategic priorities including Alberta data centre opportunities, the Centralia site and integration of recently acquired Far North assets, underscoring confidence in the company’s long-term growth prospects despite near-term Alberta headwinds.
The most recent analyst rating on (TSE:TA) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on TransAlta stock, see the TSE:TA Stock Forecast page.
Spark’s Take on TA Stock
According to Spark, TipRanks’ AI Analyst, TA is a Neutral.
The score is held back primarily by weakened financial performance (2025 net loss, margin compression) and high leverage, partly offset by solid operating/free cash flow. Earnings call factors are moderately supportive due to meaningful hedging/contracting and defined 2026 EBITDA/FCF guidance, but near-term power price pressure and Centralia downtime add risk. Technicals are mixed and valuation support is limited given negative earnings.
To see Spark’s full report on TA stock, click here.
More about TransAlta
TransAlta Corporation is a Canadian power generation and energy marketing company headquartered in Calgary, Alberta, with shares listed on the TSX and NYSE. The company operates a diversified fleet of hydro, wind, solar and gas assets, and focuses on contracted and hedged generation, particularly in Alberta and other North American markets.
Average Trading Volume: 1,324,273
Technical Sentiment Signal: Buy
Current Market Cap: C$5.09B
For an in-depth examination of TA stock, go to TipRanks’ Overview page.