TransAlta Renewables Inc. (TRSWF)
TransAlta Renewables Inc. operates in the Renewable Utilities industry of the Utilities sector, headquartered in Calgary, AB, CA. The stock last traded at $9.15, up 2.81% on the session, giving a market capitalisation of $2.44B. On trailing twelve-month figures it carries a trailing P/E of 44.57, a net margin of 13.2%. Its beta of 0.74 implies it has historically moved less than the broad market.
TransAlta Renewables Inc. specializes in the creation, acquisition, and management of renewable power generation assets. The company's operations are divided into several key geographical and energy type segments: Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas. As of February 24, 2022, its comprehensive portfolio included 26 wind farms, 13 hydroelectric plants, 8 natural gas generation sites, 2 solar facilities, a natural gas pipeline, and a battery storage installation. Together, these assets contributed a substantial 2,968 megawatts of net generating capacity. These extensive holdings are strategically situated across multiple locations, including the Canadian provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; the American states of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, Washington, and North Carolina; and the Australian state of Western Australia. Founded in 2013, TransAlta Renewables Inc. is headquartered in Calgary, Canada, and functions as a subsidiary of TransAlta Corporation.
TransAlta Renewables Inc. is most often compared with the following Utilities names: