TransAlta Selloff Overlooks New Projects Upside -- Market Talk

Dow Jones03-25 00:05

1205 ET - TransAlta has a number of catalysts ahead of it that can push the stock forward, says National Bank of Canada's Patrick Kenny, upgrading the stock to outperform from sector perform. The stock's recent 22% pullback no longer reflects the value of its upcoming phase 1 Keephills data center project, the US$600 million Centralia gas conversion, or a recovery in Alberta power prices toward the mid-C$70s to mid-C$80s megawatt-hour range, the analyst says in a report. He notes that at its investor day, TransAlta outlined a path to double-digit Ebitda growth through 2029, supported by 900-1,300 megawatt of expected Alberta load growth and incremental contracted cash flows. National Bank maintains its share price target at C$22. The stock is up 6% to C$17.49. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 12:05 ET (16:05 GMT)

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The stock's recent 22% pullback no longer reflects the value of its upcoming phase 1 Keephills data center project, the US$600 million Centralia gas conversion, or a recovery in Alberta power prices toward the mid-C$70s to mid-C$80s megawatt-hour range, the analyst says in a report. He notes that at its investor day, TransAlta outlined a path to double-digit Ebitda growth through 2029, supported by 900-1,300 megawatt of expected Alberta load growth and incremental contracted cash flows. National Bank maintains its share price target at C$22. The stock is up 6% to C$17.49. (adriano.marchese@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 12:05 ET (16:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TAC","symbol_name":"Transalta Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622099701","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622099701","pubTimestamp":1774368300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1205 ET - TransAlta has a number of catalysts ahead of it that can push the stock forward, says National Bank of Canada's Patrick Kenny, upgrading the stock to outperform from sector perform. 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