AQN - TransAlta Investor Day: Clear Targets And Good Outlook Though Valuations Are Mixed

• TransAlta’s latest results were strong and earnings guidance for the remainder of the year was increased.
• The utility held its latest investor day and released its multi-year outlook in September 2021.
• The event started with an 11% dividend raise.
• The investor day also outlined clear targets through 2025, which will see TransAlta phase out coal and grow renewables.
• Despite a good outlook, the valuations are mixed and we currently consider the name a hold.

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