A Reversal for TransAlta Renewables Inc Is Not Near. The Stock Rises Again

 A Reversal for TransAlta Renewables Inc Is Not Near. The Stock Rises Again

The stock of TransAlta Renewables Inc (TSE:RNW) is a huge mover today! About 15,380 shares traded hands. TransAlta Renewables Inc (TSE:RNW) has risen 3.29% since April 12, 2016 and is uptrending. It has underperformed by 1.40% the S&P500.
The move comes after 5 months positive chart setup for the $2.90 billion company. It was reported on Nov, 16 by Barchart.com. We have $21.56 PT which if reached, will make TSE:RNW worth $1.91 billion 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 11.93% above today’s ($12.99) stock price. TransAlta Renewables has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Thursday, August 11 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm earned “Outperform” rating on Thursday, December 3 by RBC Capital Markets. Desjardins Securities maintained the stock with “Hold” rating in Thursday, August 11 report. The firm has “Sector Outperformer” rating given on Thursday, December 3 by IBC.

More notable recent TransAlta Renewables Inc (TSE:RNW) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on August 10, 2013, also Fool.ca with their article: “Should Investors Buy TransAlta Corporation or TransAlta Renewables Inc.?” published on October 21, 2016, 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) were released by: Fool.ca and their article: “Boost Your Portfolio With TransAlta Renewables Inc.” published on August 01, 2016 as well as Fool.ca‘s news article titled: “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 $2.90 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 29.83 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment