TransAlta Initiates in Line 2017 Outlook
We are reaffirming our fair value estimate of CAD 7 per share after TransAlta initiated 2017 earnings guidance in line with our estimate and indicated 2016 Comparable EBITDA will likely be at the low end of its CAD 990 million-CAD 1.1 billion guidance range, also in line with our estimate. Our no-moat and stable moat trend ratings are unchanged.ÂThe 2016 reduction in guidance is especially disappointing due to TransAlta's solid year-to-date performance. Our 2016 comparable EBITDA estimate of CA...
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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