TransAlta Corporation (TAC) is a Canadian energy company that operates wind, hydro, solar, battery energy storage, and natural gas facilities. The company operates 60 facilities in Canada with a gross installed capacity of 5,718 megawatts (MW). In the US, the company has a gross installed capacity of 1,219 MW through 10 facilities, and in Australia, TransAlta Corporation has 6 operating facilities producing 500 MW.
Over the last three months, 6 analysts have covered TransAlta Corporation’s stock and all of them maintain a Buy rating on the company stock with an average price target of $11.92. The average analyst price target shows a 53.31% upside to the company’s stock price of $7.77 as of the October 23 market close. TAC takes the 11th spot on our list of best undervalued energy stocks according to analysts.
In Q2, TransAlta Corporation’s stock was owned by 18 hedge funds at a combined stake value of $98.767 million.