TransAlta Renewables Inc’s Stock Is Buy After Today’s Huge Increase

 TransAlta Renewables Inc's Stock Is Buy After Today's Huge Increase

The stock of TransAlta Renewables Inc (TSE:RNW) is a huge mover today! About 52,621 shares traded hands. TransAlta Renewables Inc (TSE:RNW) has risen 15.39% since March 30, 2016 and is uptrending. It has outperformed by 14.18% the S&P500.
The move comes after 5 months positive chart setup for the $3.19B company. It was reported on Nov, 3 by Barchart.com. We have $19.22 PT which if reached, will make TSE:RNW worth $1.05B more.

TransAlta Renewables Inc (TSE:RNW) Ratings Coverage

Out of 5 analysts covering TransAlta Renewables (TSE:RNW), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $16 is the highest target while $12.50 is the lowest. The $14.54 average target is 0.62% above today’s ($14.45) stock price. TransAlta Renewables has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained TransAlta Renewables Inc (TSE:RNW) rating on Thursday, December 3. RBC Capital Markets has “Outperform” rating and $13 price target. On Thursday, August 11 the stock rating was maintained by Scotia Capital with “Sector Perform”. The company was maintained on Thursday, August 11 by Desjardins Securities. The stock of TransAlta Renewables Inc (TSE:RNW) has “Sector Outperformer” rating given on Thursday, December 3 by IBC.

More important recent TransAlta Renewables Inc (TSE:RNW) news were published by: Fool.ca which released: “Should Investors Buy TransAlta Corporation or TransAlta Renewables Inc.?” on October 21, 2016, also Fool.ca published article titled: “Boost Your Portfolio With TransAlta Renewables Inc.”, Fool.ca published: “Why TransAlta Renewables Inc. Is on My Watch List” on May 31, 2016. More interesting news about TransAlta Renewables Inc (TSE:RNW) was released by: Fool.ca and their article: “The Case to Buy TransAlta Renewables Inc. Today” with publication date: August 19, 2016.

TransAlta Renewables Inc. is a Canada firm engaged in developing, owning and operating renewable power generation facilities. The company has a market cap of $3.19 billion. The Firm owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline. It has a 33.18 P/E ratio. The Firm also owns economic interests in Sarnia cogeneration plant, Le Nordais wind farm and Ragged Chute hydro facility totaling approximately 610 MW of contracted power generation assets located in Ontario and Quebec.

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