Growth And ValuationTRP has successfully sustained a growth flywheel generating increasing returns that should result in a compounded positive benefit on the TRP shares and valuation.
Sector ExposureTRP shares are rated Outperform given the visible and attractive 5-7% growth guidance, high exposure to the fastest growing natural gas and nuclear power sectors, and low-risk business model.
Strategic ExpansionTRP sanctioned new projects on Columbia mainly supplying new gas-fired power generation, showing strategic expansion.