TransAlta Corp (TSE:TA) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
TransAlta Corp reported robust financial results for Q1 2024, outperforming expectations despite a 30% decline in Alberta spot power prices, with key highlights including an adjusted EBITDA of $328 million and Free Cash Flow of $206 million. The company is confident in achieving its 2024 guidance and continues to focus on shareholder returns, having already returned $53 million through share buybacks. TransAlta has paused greenfield projects in Alberta due to new market regulations, shifting focus to the United States and Western Australia where stable markets are expected.
For further insights into TSE:TA stock, check out TipRanks’ Stock Analysis page.