TransAlta Renewables Inc. (T:RNW)
Business Focus: Wind Electric Utilities
Cloudy as of September 01, 2023
For the latest outlook, get the company report
You may also be interested in
Insider Filings
Latest 10 SEDI filings for RNW within the last 6 months
See all filings within the past 6 months
Read full article
Read full article
See more news stories
See all valuations
See Short Report
Loading...
Company News
Oct 03, 2023 17:15 ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index
TORONTO, Oct. 3, 2023 /CNW/ - The shareholders of TransAlta Corporation (TSX: TA) (NYSE: TAC) and TransAlta Renewables Inc. (TSX: RNW) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of TransAlta Renewables will be exchanged for 1.0337 shares of TransAlta Corporation or CAD$13.00 cash subject to proration of a max cash of $800 million and a max number of TransAlta Corporation shares issued of 46.4 million.
Oct 03, 2023 16:00 ET
TortoiseEcofin Announces Constituent Changes Due to Corporate Action
LEAWOOD, KS / ACCESSWIRE / October 3, 2023 / TortoiseEcofin today announced that TransAlta Renewables Inc. (TSX:RNW) will be removed from the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by TransAlta Corporation (TSX:TA). Due to the acquisition, RNW will be removed from the Index at market open on Thursday, October 5, 2023, and the deleted constituent's weight will be distributed pro-rata to the remaining index constituents.
Valuation Ratios
Industry
Sector
Beta
0.74
--
--
Price to Sales - TTM
6.51
3.85
2.40
Price to Book - most recent quarter
1.94
1.80
1.57
Price to Cash Flow per share - TTM
15.23
10.17
8.03
Price to Free Cash Flow per share - TTM
--
8.04
20.78
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 1,549,794 | -576,216 |
| Aug 31, 2023 | 2,126,010 | -369,984 |
| Aug 15, 2023 | 2,495,994 | -439,737 |
Business Summary
| Sector: Utilities | Industry: Electric Utilities |
TransAlta Renewables Inc. is a Canada-based renewable independent power producer (IPP). The Company's asset platform and economic interests are diversified and consist of interests in about 26 wind facilities, 11 hydroelectric facilities, eight natural gas generation facilities, two solar facilities, one natural gas pipeline, and one battery storage project, representing an ownership interest of approximately 2,965 megawatts of net owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Quebec, New Brunswick, the States of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, Washington, North Carolina, and the State of Western Australia. Its segments include Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas. The Canadian Gas segment is comprised solely of the Sarnia cogeneration facility. Its facilities include Antrim Wind Project, North Carolina Solar, Moose Rapids, and others.
See business summary
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2023 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.