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The latest update is out from TransAlta ( (TSE:TA) ).
TransAlta’s subsidiary Alberta Power (2000) Ltd. has notified the Alberta Electric System Operator that it will temporarily mothball Sheerness Unit 1, an Alberta thermal power unit, effective April 1, 2026, for up to two years, while keeping the unit available through the winter and leaving Sheerness Unit 2 fully operational. Management framed the move as a prudent financial step to preserve the long-term optionality of the asset, indicating the unit could be returned to service when market conditions or contracting opportunities improve, underscoring the company’s strategy to optimize its thermal portfolio while advancing its data centre plans and maintaining flexibility in Alberta’s evolving power market.
The most recent analyst rating on (TSE:TA) stock is a Hold with a C$19.50 price target. To see the full list of analyst forecasts on TransAlta stock, see the TSE:TA Stock Forecast page.
Spark’s Take on TSE:TA Stock
According to Spark, TipRanks’ AI Analyst, TSE:TA is a Neutral.
TransAlta’s overall stock score reflects significant challenges in financial performance and valuation, with a negative P/E ratio and high leverage. Technical indicators suggest a bearish trend, adding to the cautious outlook. However, the company shows resilience in cash flow generation and has a positive outlook for 2025, as highlighted in the earnings call. Improvements in operational efficiency and debt reduction are crucial for enhancing financial stability.
To see Spark’s full report on TSE:TA stock, click here.
More about TransAlta
TransAlta Corporation is a North American power generation company that owns, operates and develops a diversified fleet of electricity assets across Canada, the United States and Australia. Serving municipalities, medium and large industries, businesses and utility customers, it provides affordable, energy-efficient and reliable power, and is one of Canada’s largest producers of wind power as well as Alberta’s largest producer of thermal and hydro-electric generation. The company emphasizes sustainability, aligning its strategy with global ESG benchmarks and climate disclosure standards, and reports a significant reduction in greenhouse gas emissions since 2015.
Average Trading Volume: 1,662,795
Technical Sentiment Signal: Buy
Current Market Cap: C$5.55B
For a thorough assessment of TA stock, go to TipRanks’ Stock Analysis page.