TransAlta Corporation (TAC) Sets 12-Month Low on Jun, 29

June 29, 2018 - By Gwen Gough

TransAlta Corporation (NYSE:TAC) Corporate Logo

TransAlta Corporation (NYSE:TAC) having $4.96 stock price and $4.71 target broke into 52 week low. It was announced on Jun, 29 according to Barchart.com. TransAlta Corporation (NYSE:TAC) has $1.45 billion market cap. $72.55 million less could be NYSE:TAC valuation at $4.71 share price.

TAC touched $4.955 during the last trading session after $0.131 change.Currently TransAlta Corporation is downtrending after 8.48% change in last June 29, 2017. TAC has 15,150 shares volume. TAC underperformed by 21.05% the S&P 500.

On August, 8. Investors wait TransAlta Corporation (NYSE:TAC) to reveal its quarterly earnings, RTT reports. Last year’s earnings per share was $-0.02, while now analysts expect change of 150.00 % up from current $0.01 earnings per share. If earnings per share of $0.01 is revealed the profit of TAC could hit $2.93 million giving it 123.88 P/E. Last quarter $0.18 earnings per share was reported. Analysts forecasts -94.44 % negative EPS growth this quarter.

A couple more TransAlta Corporation (NYSE:TAC) news were released by: Fool.ca which released on June 13, 2018 “The Best Stocks for Young Investors to Buy in Their TFSAs”, also Seekingalpha.com on June 12, 2018 released “Why We Did Not Buy Hannon Armstrong – Part 2”, the next Fool.ca is “5 Tips to Help You Create Long-Term Wealth” on June 16, 2018. Investorplace.com has article titled “7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns”.

TransAlta Corporation operates as non-regulated electricity generation and energy marketing firm in Canada, the United States, and Western Australia.The firm is valued at $1.45 billion. The firm operates through eight divisions: Canadian Coal, U.S.Last it reported negative earnings. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

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