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TransAlta Corporation - $TAC STOCK NEWS

Welcome to our dedicated page for TransAlta Corporation news (Ticker: $TAC), a resource for investors and traders seeking the latest updates and insights on TransAlta Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TransAlta Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TransAlta Corporation's position in the market.

News
TransAlta Reports First Quarter 2024 Results
Rhea-AI Summary

TransAlta reported strong financial results for the first quarter of 2024, surpassing expectations despite a decline in spot power prices in Alberta. The company's operational and financial performance was highlighted by an Adjusted EBITDA of $328 million, Free Cash Flow of $206 million, and various business developments. With a focus on asset optimization and hedging strategies, TransAlta remains confident in achieving its 2024 guidance and continues to prioritize shareholder value through share repurchases and capital allocation strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.74%
Tags
earnings
-
News
TransAlta Corporation Announces Results of the Annual Meeting of Shareholders and Election of all Directors
Rhea-AI Summary
TransAlta held its Annual Meeting of Shareholders on April 25, 2024, where all twelve director nominees proposed by management were elected. The appointment of Ernst & Young LLP as auditors for 2024 was approved, and the non-binding advisory vote on executive compensation was also approved.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.93%
Tags
none
-
News
TransAlta Declares Dividends
Rhea-AI Summary
TransAlta (TAC) declares dividends for common shares and preferred shares. The quarterly dividend for common shares is $0.06 per share, payable on July 1, 2024. The Board also announced dividends for various series of Cumulative Redeemable Rate Reset First Preferred Shares, with rates ranging from 2.877% to 8.081% per share, payable on June 30, 2024. Currency is in Canadian dollars unless specified otherwise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
Tags
dividends
News
TransAlta Achieves Commercial Operation of 300 MW White Rock Project and Increases its US Renewables Fleet to 820 MW
Rhea-AI Summary
TransAlta announced the commercial operation of the 300 MW White Rock wind project in Oklahoma, fully contracted to Amazon Energy , increasing its US renewables fleet to 820 MW. The project marks TransAlta's largest wind project to date and includes a long-term agreement for the sale of production tax credits. The company is diversifying its revenue streams and commitment to sustainability, with further expansion in Oklahoma on the horizon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
Tags
none
-
News
TransAlta Joins Other Water Licence Holders and the Alberta Government to collaborate on flow management on the Bow River System
Rhea-AI Summary
TransAlta collaborates with other water licence holders and the Alberta Government to manage water flows in the Bow River System during expected lower water year. The company will maximize storage in the spring to sustain water flow in the summer, aiming to mitigate drought conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
none
-
News
TransAlta Announces Retirement of CFO and Appointment of New CFO
Rhea-AI Summary
TransAlta announces the retirement of Todd Stack, CFO, and the appointment of Joel E. Hunter as the new CFO effective July 1, 2024. Todd Stack's 34-year tenure with the Company is highlighted, praising his contributions to TransAlta's success and strategic positioning. Joel E. Hunter, a seasoned energy executive, brings over 26 years of finance and capital markets expertise to the role, aiming to help TransAlta achieve its strategic objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
management
News
Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call
Rhea-AI Summary
TransAlta to hold its 2024 Annual Meeting of Shareholders virtually on April 25, 2024. Shareholders can join the meeting via live audio webcast at 11:00 a.m. MT. The management proxy circular is available for detailed information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
earnings
-
News
TransAlta Corporation Enters into Automatic Share Purchase Plan
Rhea-AI Summary
TransAlta (TAC) announces entering into an automatic share purchase plan to repurchase common shares under its normal course issuer bid. The company has purchased over 4 million common shares since May 2023, aiming to enhance shareholder returns through capital allocation strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
none
-
News
TransAlta Reports Full Year and Fourth Quarter 2023 Results and Announces Enhanced Share Repurchase Program
Rhea-AI Summary
TransAlta Corporation reported strong financial results for the fourth quarter and year ended Dec. 31, 2023, with increased adjusted EBITDA, free cash flow, and cash flow from operating activities. The company achieved record earnings and announced an enhanced common share repurchase program for 2024. Key business highlights include achieving strong safety performance, entering into transfer agreements, and completing various energy projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.86%
Tags
buyback earnings
News
Media Advisory: TransAlta Fourth Quarter and Full Year 2023 Results and Conference Call
Rhea-AI Summary
TransAlta Corporation (TAC) will release its fourth quarter and full year 2023 results on February 23, 2024. A conference call and webcast will be held to discuss the results, inviting investors, analysts, and the media to participate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
earnings
Stock TAC logo
TransAlta Corporation

NYSE:TAC

TAC Rankings

#1813 Ranked by Market Cap
#3127 Ranked by Stock Gains
#945 Ranked by Dividends

TAC Stock Data

2.23B
294.46M
0.2%
67.98%
1.03%
Hydroelectric Power Generation
Utilities
Link
United States of America
Calgary

About TAC

at transalta we’re about communities and we’re growing: a new pipeline in australia, new operations in alberta and new transmission projects. this means lots of opportunity for you to grow with us in the communities where we operate. our wind, coal, hydro and gas operations allow transalta to provide millions of people with the electricity they need to power their lives. these diverse fuel sources create a unique portfolio that gives you many opportunities to develop your skills. with over 2000 employees in three countries working with four different types of fuel sources in nearly 70 facilities, there are lots of opportunities for growth with our diverse fuel portfolio. - 92 percent of new grads move on to permanent positions at transalta - 1250 of current transalta employees love it here so much they’ve stayed for over 5 years - 98 per cent of new employees would recommend transalta to a friend or family member transalta careers: jobs.transalta.com view our linkedin par