TransAlta Corporation (TAC) Reached 12-Month Low at $4.96

June 29, 2018 - By Ronnie Lemelle

TransAlta Corporation (NYSE:TAC) Corporate Logo

TransAlta Corporation (NYSE:TAC) having $4.96 stock price and $4.71 target broke into 52 week low. It was announced on Jun, 29 according to Barchart.com. TransAlta Corporation (NYSE:TAC) has $1.45 billion market cap. $72.55 million less could be NYSE:TAC valuation at $4.71 share price.

The stock increased 2.71% or $0.131 during the last trading session, hitting $4.955.Currently TransAlta Corporation is downtrending after 8.48% change in last June 29, 2017. TAC has 15,150 shares volume. TAC underperformed the S&P500 by 21.05%.

On August, 8. Investors wait TransAlta Corporation (NYSE:TAC) to report its quarterly earnings, according to Faxor. The earnings per share diference is $0.03 or 150.00 % up from last years number. Previous year: $-0.02; Analysts forcast: $0.01. This could hit $2.93 million profit for TAC assuming the current $0.01 earnings per share will become reality. Analysts at Wall Street see TransAlta Corporation’s -94.44 % negative EPS growth compared to $0.18 earnings per share for previous quarter.

A couple more TransAlta Corporation (NYSE:TAC) news were posted by: Seekingalpha.com which released on June 12, 2018 “Why We Did Not Buy Hannon Armstrong – Part 2”, also Fool.ca on June 13, 2018 posted “The Best Stocks for Young Investors to Buy in Their TFSAs”, the next Fool.ca is “5 Tips to Help You Create Long-Term Wealth” on June 16, 2018. Investorplace.com has article titled “7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns”.

TransAlta Corporation operates as non-regulated electricity generation and energy marketing firm in Canada, the United States, and Western Australia.The firm is valued at $1.45 billion. The firm operates through eight divisions: Canadian Coal, U.S.Currently it has negative earnings. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

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