TAC Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

CALGARY, Alberta, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Further to TransAlta Corporation's (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) press release dated August 22, 2024, the Company announced today that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the “Series G Shares”) into Cumulative Redeemable Floating Rate Preferred Shares, Series H (the “Series H Shares”), there were only 20,607 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares. As a result, none of the Series G Shares will be converted into Series H Shares on September 30, 2024.

TransAlta Corporation's Q2 2024 results showcased strong performance due to effective hedging, despite a significant year-over-year drop in Alberta power prices. The company has a big hedge position for the next two years, and that should allow it more time to develop its portfolio. We are still moving to a hold and are now only interested in the preferreds.

CALGARY, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Further to the news release of TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) dated August 22, 2024, the Company announced today the applicable dividend rates for its cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) and cumulative redeemable floating rate first preferred shares Series H of the Company (“Series H Shares”).

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The average of price targets set by Wall Street analysts indicates a potential upside of 47.5% in TransAlta (TAC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) on September 30, 2024 (the “Conversion Date”).

Generated record Q2 Contribution ex-TAC, programmatic revenue and CTV revenue Achieved 27% year-over-year Adjusted EBITDA growth in Q2 2024 while expanding Adjusted EBITDA Margin as a percentage of Contribution ex-TAC to 32% from 26% in Q2 2023 Reaffirming full year 2024 Contribution ex-TAC and Adjusted EBITDA guidance Launched $50 million Ordinary Share repurchase program and fully repaid the Company's outstanding long-term debt in Q2 2024 NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (AIM/NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, announced today its financial results for the three and six months ended June 30, 2024.

TransAlta Corporation's shares have increased by 18.6% since May 31, with a strong investment case expected to continue. Recent power supply issues in Alberta may lead to more incentives for power generators, benefiting TransAlta. Despite lower Q2 results, TransAlta maintains its 2024 outlook, with a strong balance sheet and decreasing capital expenditures.

TransAlta (TAC) makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.