TransAlta Renewables’s second quarter adjusted funds from operations of $55 mm was slightly below our $61 mm expectations. Since our last report, TransAlta Renewables’s share price is up 20% and we believe much of the easy money has been made. We retain our 12-month target price of $15.00/share and, with our estimated 12-month total return of 12%, we maintain our Outperform ranking.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Reports 2Q16 Results
- Published:
10 Aug 2016 -
Author:
Steven I. Paget -
Pages:
4
TransAlta Renewables’s second quarter adjusted funds from operations of $55 mm was slightly below our $61 mm expectations. Since our last report, TransAlta Renewables’s share price is up 20% and we believe much of the easy money has been made. We retain our 12-month target price of $15.00/share and, with our estimated 12-month total return of 12%, we maintain our Outperform ranking.