TransAlta Corporation (NYSE:TAC) is one of the
10 Best Utility Stocks that Beat Earnings Estimates.
On May 7, 2026, BMO Capital analyst Ben Pham lowered the firm’s price target on TransAlta Corporation (NYSE:TAC) to C$25 from C$27 previously while maintaining an Outperform rating on the shares.
TD Securities analyst John Mould also lowered the firm’s price target on TransAlta Corporation (NYSE:TAC) to C$26 from C$27 and kept a Buy rating on the shares.
On May 6, 2026, TransAlta Corporation (NYSE:TAC) reported Q1 adjusted EPS of C$0.60 compared to C$0.10 a year earlier. Revenue totaled C$565M versus C$758M last year, while free cash flow came in at C$102M compared to C$139M in the prior-year period. By segment, Q1 adjusted EBITDA from hydro operations was C$35M versus C$47M last year, wind and solar adjusted EBITDA was C$95M versus C$102M, gas adjusted EBITDA totaled C$93M versus C$104M, and energy transition adjusted EBITDA declined to C$1M from C$37M a year ago. CEO Joel Hunter said the company’s hedging strategy and contracted portfolio continued to support underlying performance despite what he described as a challenging pricing environment.
TransAlta Corporation (NYSE:TAC) also maintained its 2026 outlook, with management saying the company continues to see significant long-term opportunities despite near-term headwinds in Alberta. Hunter added that the company’s assets continue to perform well and said management remains confident in its 2026 expectations.
TransAlta Corporation (NYSE:TAC) develops, produces, and sells electric energy through its Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments.
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