“Our business delivered strong operational performance across the fleet during the first quarter. While the Company’s merchant portfolio in Alberta was partially impacted by softer power prices, our hedging strategy and active asset optimization continued to generate realized prices well above spot prices,” said John Kousinioris, President and Chief Executive Officer of TransAlta (TAC).
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TAC:
- TAC Upcoming Earnings Report: What to Expect?
- TransAlta Announces Shareholder Meeting Results and Director Elections
- TransAlta Declares Quarterly Dividends on Preferred Shares
- Richardson Electronics announces supply agreement with TransAlta
- TransAlta price target lowered to C$17 from C$21 at Scotiabank