Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on TRANSALTA RENEWABLES INC. We currently have 3 research reports from 1 professional analysts.
Frequency of research reports
Research reports on
TRANSALTA RENEWABLES INC
TRANSALTA RENEWABLES INC
Reports 2Q16 Results
10 Aug 16
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.
Reports 1Q16; Beats Estimates
29 Apr 16
Impact: Positive. The Company reported a solid first quarter with EBITDA of $114 mm (FCC: $103 mm) and cash available for distribution (CAFD) of $82 mm (FCC: $76 mm). In the quarter, TransAlta Renewables acquired an economic interest in certain of TransAlta Corporation’s assets in Ontario and Quebec. The Company’s South Hedland power project continues to advance and is expected to be completed on schedule and on budget in mid-2017. TransAlta Renewables has left its FY2016 guidance unchanged, with an EBITDA range of $365 mm to $390 mm (FCCe: $363 mm). Although we have reduced our 12-month target price to $15.00/share, we have maintained our Outperform ranking.
REPORTS 1Q16; BEATS ESTIMATES
28 Apr 16
Impact: Positive. The Company reported a solid first quarter with EBITDA of $114 mm (FCC: $103) and cash available for distribution (CAFD) of $82 mm (FCC: $76). Comparable EBITDA and CAFD increased $59 mm and $50 mm, respectively, y/y. The increase from 1Q15 was a result of incremental cash flows from TransAlta Renewables' acquisitions in Canada and Australia and higher wind volumes in western Canada and at Wyoming wind. Earnings were adversely affected by the strengthening Canadian dollar, lowering C$ revenue earned from Australian and U.S. assets.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
Emerging from the clouds
16 Feb 17
Rolls-Royce’s underlying performance in FY16 was ahead of both its own and market expectations. Media focus on the non-cash £4.4bn headline FX loss is missing what looks to be the basis for optimism. As the civil model starts to move from investment in engines for the A350 and A330neo into the aftermarket delivery phase over the remainder of the decade, we think cash flow is likely to improve, particularly if supported by an eventual recovery in Marine.
N+1 Singer - Small-cap quantitative research - New quality style screen + 11 quality focus stocks
09 Feb 17
We introduce our fourth and final style screen representing “quality”. This screens for stocks with the best combination of high returns on capital/equity, EBIT margins and operating cash-flow conversion rates. These criteria should help us monitor how strong underlying returns translate into share price performance over time and under varying market conditions. The screen selects the “best” 25 stocks from our universe of just over 500 stocks and, as usual, we focus on a shorter list of stocks we cover or otherwise know and believe to be particularly interesting. We provide brief investment summaries on these focus stocks on pages 4 – 9. We will monitor performance and refresh the screen in approximately 3-4 months time.