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TransAlta ( (TSE:TA) ) just unveiled an announcement.
TransAlta Corporation reported strong financial results for 2024, achieving the upper range of its adjusted EBITDA and free cash flow guidance. Notable developments include the acquisition of Heartland Generation, which added 1.7 GW of capacity, and the commercial operation of new wind facilities. The company also announced an 8% dividend increase, reflecting its commitment to shareholder returns. Looking ahead to 2025, TransAlta expects to generate $450 to $550 million in free cash flow and continues to focus on growth and capital allocation strategies.
More about TransAlta
TransAlta Corporation is a leading energy company operating in the power generation industry, with a primary focus on renewable energy, thermal generation, and energy trading. The company has a significant presence in Canada, the United States, and Australia, and is known for its commitment to sustainable 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.
