
TransAlta (TAC) Stock Forecast & Price Target
TransAlta (TAC) Analyst Ratings
Bulls say
TransAlta Corp is positioned for long-term cash flow improvement due to strong power and ancillary prices, rising power demand, and higher carbon prices in Alberta. The company's hydro fleet contributes to its growth by delivering clean energy and ancillary services, while the investment in new projects is expected to bolster EBITDA growth. Additionally, favorable trends towards electricity demand, driven by population growth, economic development, and increasing electrification, further enhance TransAlta's financial outlook.
Bears say
TransAlta Corp is facing significant challenges as its Wind and Solar segment has reported EBITDA notably weaker than forecast, contributing to concerns about the company's overall financial health. Furthermore, a substantial reduction in expected power revenues to $40/MWh from $70/MWh signals potential difficulties in achieving material growth in electricity demand. Additionally, TransAlta's comparable EBITDA for Q1/25 fell short at $270 million, underperforming both internal forecasts and consensus estimates, which further underscores a negative outlook on the stock.
This aggregate rating is based on analysts' research of TransAlta and is not a guaranteed prediction by Public.com or investment advice.
TransAlta (TAC) Analyst Forecast & Price Prediction
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