2024-05-20 18:21:30 ET
Summary
- TransAlta has been a disappointing investment, underperforming other sectors.
- Q1-2024 showed solid financial performance, with adjusted EBITDA beating consensus estimates.
- TAC's hedging strategy has allowed it to secure premium prices for future years and continues to derisk the investment case.
- We see a minimum 50% upside to fair value.
Note: All amounts are in Canadian Dollars. Stock Price referenced is the one on TSX. ...
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TransAlta: Compelling Value At 18% Free Cash Flow Yield