TransAlta Continues Focus on Gas and Renewables
We are reaffirming our fair value estimate of CAD 7 per share after TransAlta reported weak 2018 second-quarter comparable adjusted EBITDA and indicated it would likely be in the upper end of its CAD 300 million-CAD 350 million full-year cash flow guidance. Comparable adjusted EBITDA for the recently ended quarter was CAD 225 million versus CAD 268 million in the same period last year. Our no-moat and stable moat trend ratings are unchanged.Comparable EBITDA in the recently ended quarter from C...
TransAlta and its subsidiaries are engaged in the production and sale of electric energy. Co. has 3 segments: the Generation segment which owns and operates hydro, wind, geothermal, biomass, natural gas and coal-fired facilities, and mining operations; the Energy Trading segment which is engaged in the wholesale trading of electricity ; and the Corporate segment which provides finance, tax, treasury, legal, regulatory, environmental, health and safety, sustainable development, corporate communications, government and investor relations, information technology, risk management, human resources, internal audit, and other administrative support to the Generation and Energy Trading groups.
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