Avoid These 2 Stocks in 2024, But Consider Investing in This 1 Instead! [Yahoo! Finance Canada]
TransAlta Corporation Ordinary Shares (TAC)
Last transalta corporation ordinary shares earnings: 3/4 07:00 am
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US:NYSE Investor Relations:
transalta.com/investors
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Source: Yahoo! Finance Canada
Utility stocks are supposed to be safety nets or defensive assets, but not when interest rates are sky-high. Thus far, the sector is one of three worst performers in 2024. TransAlta TSX: TA ) and Boralex TSX:BLX ), in particular, own renewable energy assets and pay decent dividends yet continue to underperform. Avoid both dividend stocks and instead consider investing in Secure Energy Services TSX:SES ) in the industrial sector, the third best performing sector. In addition to the market-beating return (+22.1%), the yield is more attractive, and the payout is safe. Evolving markets TransAlta's earnings attributable to shareholders in Q1 2024 beat expectations, although it declined 24.5% to $222 million compared to Q1 2023. Furthermore, free cash flow (FCF) and cash flow from operating activities fell 21.7% and 47.2% year over year respectively to $206 million and $244 million. ADVERTISEMENT The $3 billion company operates electrical power generation assets in Canada, the Un
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TAC
News
- How TransAlta Stock Gained 17% Last Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- After losing 23% in the past year, TransAlta Corporation (TSE:TA) institutional owners must be relieved by the recent gain [Yahoo! Finance]Yahoo! Finance
- TransAlta Corporation (NYSE:TAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TransAlta shelves wind farm and other projects citing rule changes in Alberta [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- TransAlta cancels wind power project over new government rules on development [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
TAC
Earnings
- 5/3/24 - Beat
TAC
Sec Filings
- 5/3/24 - Form 6-K
- 5/3/24 - Form 6-K
- 4/26/24 - Form 6-K
- TAC's page on the SEC website