TransAlta Renewables is a renewable energy company and one of the largest generators of wind power in Canada. It is a sponsored vehicle of TransAlta Corporation. With more than a century’s experience under its belt, TransAlta Renewables has developed a rich experience of owning, operating, and maintaining a large fleet of power generation assets.
TransAlta Renewables owns and operates 21 wind farms, 13 hydroelectric facilities, seven natural gas plant, one solar facility and one natural gas pipeline in the US, Canada, and Australia. Highly contracted renewable and natural gas power generation assets, and long-term contracts with strong counterparties ensure stable cash flows for the company.
TransAlta Renewables owns renewable energy facilities across different regions and multiple technologies. The company owns directly or through economic interests more than 2,400 MW of net generating capacity and are strategically located to supply growing industrial regions.
TransAlta Renewables Stock Details
- Ticker: tse:rnw
- Sector: Utilities
- Industry: Utilities - Renewable
- Market Cap: 3.43B
- Market Cap Group: Mid Cap
- P/E: 44.02
- Dividend Yield: 7.31%
- Grade: C
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 2/10
- Dividend Income Fit: 8/10
RNW Industry Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| BEP.UN | TSE:BEP.UN | Brookfield Renewable Partners | 9.71 | 0.00 | 5.47 | NO | 1 | 12 | 109 |
| BEPC | TSE:BEPC | Brookfield Renewable Partners | 6.45 | 6.41 | 5.12 | NO | 1 | 12 | 109 |
| AQN | TSE:AQN | Algonquin Power & Utilities Corp | 5.62 | 0.00 | 7.26 | NO | 1 | 12 | 109 |
| NPI | TSE:NPI | Northland Power | 5.58 | 14.27 | 5.46 | NO | 1 | 12 | 109 |
| RNW | TSE:RNW | TransAlta Renewables | 3.43 | 44.02 | 7.31 | NO | 1 | 12 | 109 |
| BLX | TSE:BLX | Boralex | 3.02 | 41.37 | 2.25 | NO | 1 | 12 | 109 |
| INE | TSE:INE | Innergex Renewable Energy | 1.94 | 0.00 | 7.59 | NO | 1 | 12 | 109 |
| PIF | TSE:PIF | Polaris Infrastructure | 0.28 | 15.23 | 6.20 | NO | 1 | 12 | 109 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
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TransAlta Renewables - FAQ
What is the stock ticker for TransAlta Renewables?
The stock ticker for TransAlta Renewables is TSE:rnw.
Is TransAlta Renewables a good stock to buy?
You need to consider your investment strategy and how TSE:rnw can fit in your portfolio.
The current dividend income score of 8/10 and dividend growth score of 2/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is TransAlta Renewables a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 46 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for TransAlta Renewables?
You can easily buy the RNW stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.