(TAC) TransAlta - Ratings and Ratios

TransAlta Corporation (NYSE:TAC) is a leading developer, producer, and distributor of electric energy, operating across multiple segments including Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing. The company owns and operates a diversified portfolio of power generation assets, with a strong focus on renewable energy sources and energy transition initiatives.

The Hydro segment contributes approximately 922 MW of generating capacity, primarily located in Alberta, British Columbia, and Ontario. The Wind and Solar segment holds a net ownership interest of 2,057 MW, with operations spanning Canada and the United States, including key locations such as Alberta, Ontario, and multiple U.S. states, as well as Western Australia. The Gas segment adds 2,775 MW of capacity, with facilities in Alberta, Ontario, Michigan, and Western Australia. The Energy Transition segment focuses on coal-to-gas conversion and mine reclamation, with 671 MW of coal-fired capacity and the Skookumchuck hydro facility. The Energy Marketing segment specializes in trading power, natural gas, and environmental products, serving a wide range of industrial and commercial customers.

Founded in 1909 and headquartered in Calgary, Canada, TransAlta has a long history of delivering reliable energy solutions while advancing its commitment to sustainability and decarbonization. The company is strategically positioned to navigate the global energy transition, with a growing emphasis on renewable energy and cleaner power generation.

Based on the provided data, TransAltas stock is currently trading at $9.00, below its 20-day SMA of $8.77 but above its 50-day SMA of $9.46. The 200-day SMA of $10.16 indicates a potential downtrend in the medium term. The Average True Range (ATR) of 0.37 suggests moderate volatility, with potential price fluctuations of $0.37 to $0.55 over the next 30 days.

Fundamentally, TransAltas market cap of $2,597.69M reflects its established presence in the energy sector. The trailing P/E of 20.76 and forward P/E of 38.02 indicate expectations of future earnings growth. The price-to-book ratio of 4.51 suggests the market values the companys assets higher than their book value, potentially driven by its renewable energy portfolio. The return on equity (RoE) of 13.12% highlights strong profitability relative to shareholder equity.

Over the next three months, TransAltas stock is likely to face headwinds from its current technical setup, with the 50-day SMA potentially acting as resistance. However, its strong fundamentals, particularly its renewable energy investments and energy transition strategy, may offset near-term technical weakness. Investors should monitor earnings reports and updates on its energy transition projects for potential catalysts.