Is TAC a good stock to buy right now?

Based on our 6-factor quantitative model, TRANSALTA CORP (TAC) receives a "Hold" rating with a composite score of 50.8/100. It is ranked #309 out of 4,446 stocks. Key factor scores: Quality 41/100, Value 86/100, Momentum 52/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for TAC?

TRANSALTA CORP (TAC) has a "Hold" rating and 3-star score. The composite score of 50.8 ranks it #309 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is TAC in?

TRANSALTA CORP operates in the Utilities sector (Utilities industry) with a market cap of $3.94 billion. It is classified as a mid-cap stock.

Does TAC pay a dividend?

TAC does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is TAC's P/E ratio?

TAC has a trailing P/E ratio of 33.76x. The Utilities sector average is 23.5x. This above-average P/E reflects growth expectations or premium valuation.

How profitable is TAC?

TAC's quality factor score is 41/100. Gross margin: 60.2%. ROE: 23.0% vs sector average 9.9%. High margins suggest pricing power and competitive moats.

How is TAC valued compared to peers?

TAC's value factor score is 86/100 (higher = cheaper). Key multiples: P/E 33.8x, EV/EBITDA 1.7x. The stock appears attractively valued versus peers.

What is TAC's debt level?

TAC's debt-to-equity ratio is 91%. Sector average: 165%. Moderate leverage is normal for established companies.

TAC has a beta of 1.07, meaning it tracks the market. Stability score: 57/100.

Does TAC have high short interest?

TAC's short interest factor score is 13/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

TAC Stock Analysis: Top Mid-Cap Hold (Score 50.8/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
TAC	+1.23%	+3.86%	+9.98%	+10.76%	+64.32%	-	-	-
Industry Proxy XLU	-0.40%	+1.34%	+0.86%	+10.00%	-37.72%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	+1.30%	+0.25%	+9.64%	+11.12%	+34.79%	-	-	-
Alpha vs Sector	+1.63%	+2.52%	+9.12%	+0.76%	+102.04%	-	-	-

Metric	TAC	Benchmark
P/E Ratio	33.8x	+44%
EV/EBITDA	1.7x	-64%
Price / Book	1.4x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
SWX Southwest Gas Holdings, Inc.	55	49	70	54	19.3x	8.4%	46.9%	21.8%	-73.2%	163.0x	$6.3B	VS
LNG Cheniere Energy, Inc.	54	50	74	54	11.8x	39.2%	100.0%	28.6%	36.6%	174.0x	$58.0B	VS
TRP TC ENERGY CORP	53	36	72	59	20.9x	78.0%	98.4%	39.1%	16.2%	215.0x	$64.8B	VS
EIX EDISON INTERNATIONAL	53	47	74	60	8.3x	17.4%	50.0%	18.6%	32.6%	197.0x	$28.3B	VS
ET Energy Transfer LP	53	50	70	48	11.1x	12.0%	26.3%	7.3%	-3.7%	139.0x	$65.4B	VS
WMB WILLIAMS COMPANIES, INC.	52	50	58	57	33.1x	18.3%	83.0%	24.0%	25.1%	291.0x	$87.8B	VS
NEE NEXTERA ENERGY INC	52	50	60	60	33.5x	8.8%	56.0%	21.5%	23.3%	220.0x	$193.5B	VS
OGS ONE Gas, Inc.	51	49	62	53	28.5x	5.7%	48.4%	13.6%	7.2%	77.0x	$5.4B	VS
EMA EMERA INC	51	33	67	55	44.8x	17.1%	40.2%	7.9%	28.0%	149.0x	$15.8B	VS
TAC TRANSALTA CORP	51	41	86	52	33.8x	23.0%	60.2%	8.0%	-	91.0x	$3.9B
FTS Fortis Inc.	51	35	72	57	25.5x	30.7%	71.8%	15.9%	-	140.0x	$28.6B	VS

Key Ratio	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.6%	0.6%	0.6%	0.6%	-	0.7%	0.6%	0.5%	0.6%	0.5%
Operating Margin %	0.3%	0.3%	0.5%	0.2%	-	-0.2%	0.1%	-0.0%	0.1%	0.3%
EBITDA Margin %	0.5%	0.5%	0.6%	0.4%	-	0.3%	-	0.3%	0.4%	0.5%
Net Margin %	0.1%	0.1%	0.2%	0.1%	-	-0.2%	0.1%	-0.0%	-0.1%	0.1%
FCF Margin %	16.9%	16.9%	-8.7%	15.6%	-	-3.6%	-	31.9%	19.7%	18.5%
ROE %	0.2%	0.1%	0.5%	0.1%	-0.1%	-0.1%	0.0%	-0.0%	-0.0%	0.1%
ROA %	0.1%	0.0%	0.1%	0.0%	-0.0%	-0.0%	0.0%	-0.0%	-0.0%	0.0%
ROIC %	8.6%	8.6%	30.5%	11.1%	-6.4%	-6.6%	0.0%	0.9%	0.9%	5.4%

Key Ratio

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.6%

0.7%

0.6%

0.5%

0.6%

0.5%

Operating Margin %

0.3%

0.5%

0.2%

-0.2%

0.1%

-0.0%

0.1%

0.3%

EBITDA Margin %

0.5%

0.6%

0.4%

0.3%

0.4%

0.5%

Net Margin %

0.1%

0.2%

0.1%

-0.2%

0.1%

-0.0%

-0.1%

0.1%

FCF Margin %

16.9%

-8.7%

15.6%

-3.6%

31.9%

19.7%

18.5%

ROE %

0.2%

0.1%

0.5%

0.1%

-0.1%

0.0%

-0.0%

0.1%

ROA %

0.1%

0.0%

0.1%

0.0%

-0.0%

0.0%

-0.0%

0.0%

ROIC %

8.6%

30.5%

11.1%

-6.4%

-6.6%

0.0%

0.9%

5.4%

Line Item	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016
	$2.1B	$2.1B	$3.0B	$2.2B	$0	$1.3B	$0	$1.6B	$1.9B	$2.0B
	$1.2B	$1.2B	$1.7B	$1.2B	$1.2B	$888M	$0	$842M	$1.0B	$1.1B
Gross Margin	60.2%	60.2%	55.2%	55.1%	---	68.3%	56.5%	51.8%	55.2%	54.5%
	—	$369M	$470M	$443M	$563M	$626M	$546M	$520M	$563M	$494M
	$578M	$578M	$1.4B	$443M	-$400M	-$297M	$0	$95M	$134M	$386M
EBIT	$578M	$578M	$1.4B	$443M	-$400M	-$297M	$0	$95M	$134M	$386M
EBITDA	$953M	$953M	$1.8B	$927M	$163M	$349M	$896M	$490M	$697M	$1.0B
Operating Margin	27.9%	27.9%	45.5%	20.2%	---	-22.9%	12.5%	-1.2%	7.2%	27.1%
EBITDA Margin	46.1%	46.1%	61.2%	42.3%	---	26.8%	---	30.1%	37.5%	52.3%
	—	$225M	$213M	$211M	—	—	—	$183M	$196M	$170M
	—	$56M	$64M	$142M	—	-$39M	—	-$4M	$51M	$28M
	$166M	$166M	$603M	$119M	-$333M	-$198M	$0	-$66M	-$94M	$205M
Net Margin	8.0%	8.0%	20.1%	5.4%	---	-15.3%	7.9%	-4.1%	-5.0%	10.5%
	$0.41	$0.41	$2.33	$0.01	-	$-1.22	$0.18	$-0.86	$-0.66	$0.41
Diluted EPS	$0.41	$0.41	$2.33	$0.01	-	$-1.22	$0.18	$-0.86	$-0.66	$0.41

Line Item

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

$2.1B

$3.0B

$2.2B

$1.3B

$1.6B

$1.9B

$2.0B

$1.2B

$1.7B

$1.2B

$888M

$842M

$1.0B

$1.1B

Gross Margin

60.2%

55.2%

55.1%

---

68.3%

56.5%

51.8%

55.2%

54.5%

—

$369M

$470M

$443M

$563M

$626M

$546M

$520M

$563M

$494M

$578M

$1.4B

$443M

-$400M

-$297M

$95M

$134M

$386M

EBIT

$578M

$1.4B

$443M

-$400M

-$297M

$95M

$134M

$386M

EBITDA

$953M

$1.8B

$927M

$163M

$349M

$896M

$490M

$697M

$1.0B

Operating Margin

27.9%

45.5%

20.2%

---

-22.9%

12.5%

-1.2%

7.2%

27.1%

EBITDA Margin

46.1%

61.2%

42.3%

---

26.8%

---

30.1%

37.5%

52.3%

—

$225M

$213M

$211M

—

$183M

$196M

$170M

—

$56M

$64M

$142M

—

-$39M

—

-$4M

$51M

$28M

$166M

$603M

$119M

-$333M

-$198M

-$66M

-$94M

$205M

Net Margin

8.0%

20.1%

5.4%

---

-15.3%

7.9%

-4.1%

-5.0%

10.5%

$0.41

$2.33

$0.01

$-1.22

$0.18

$-0.86

$-0.66

$0.41

Diluted EPS

$0.41

$2.33

$0.01

$-1.22

$0.18

$-0.86

$-0.66

$0.41

TRANSALTA CORP (TAC) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does TRANSALTA CORP Do?

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada. TRANSALTA CORP (TAC) is classified as a mid-cap stock in the Utilities sector. The company is led by CEO John H. Kousinioris and employs approximately 1,220 people, headquartered in Calgary, Alberta. With a market capitalization of $3.9B, TAC is one of the notable companies in the Utilities sector.

TRANSALTA CORP (TAC) Stock Rating — Hold (April 2026)

As of April 2026, TRANSALTA CORP receives a Hold rating with a composite score of 50.8/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.TAC ranks #309 out of 4,446 stocks in our coverage universe. Within the Utilities sector, TRANSALTA CORP ranks #30 of 112 stocks, placing it in the upper half of its Utilities peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

TAC Stock Price and 52-Week Range

TRANSALTA CORP (TAC) currently trades at $14.00. The stock gained $0.17 (1.2%) in the most recent trading session. The 52-week high for TAC is $17.88, which means the stock is currently trading -21.7% from its annual peak. The 52-week low is $7.82, putting the stock 79.0% above its annual trough. Recent trading volume was 555K shares, suggesting relatively thin trading activity.

Is TAC Overvalued or Undervalued? — Valuation Analysis

TRANSALTA CORP (TAC) carries a value factor score of 86/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 33.76x, compared to the Utilities sector average of 23.47x — a premium of 44%. The price-to-book ratio stands at 1.39x, versus the sector average of 1.98x. The price-to-sales ratio is 0.49x, compared to 0.82x for the average Utilities stock. On an enterprise value basis, TAC trades at 1.69x EV/EBITDA, versus 4.75x for the sector.

Based on these multiples, TRANSALTA CORP appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.

TRANSALTA CORP Profitability — ROE, Margins, and Quality Score

TRANSALTA CORP (TAC) earns a quality factor score of 41/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 23.0%, compared to the Utilities sector average of 9.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 10.1% versus the sector average of 3.1%.

On a margin basis, TRANSALTA CORP reports gross margins of 60.2%, compared to 53.1% for the sector. The operating margin is 27.9% (sector: 21.5%). Net profit margin stands at 8.0%, versus 12.8% for the average Utilities stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

TAC Debt, Balance Sheet, and Financial Health

TRANSALTA CORP has a debt-to-equity ratio of 91.0%, compared to the Utilities sector average of 164.5%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $2.64B. Cash and equivalents stand at $234M.

TAC has a beta of 1.07, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for TRANSALTA CORP is 57/100, reflecting average volatility within the normal range for its sector.

TRANSALTA CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, TRANSALTA CORP reported revenue of $2.07B and earnings per share (EPS) of $0.41. Net income for the quarter was $166M. Gross margin was 60.2%. Operating income came in at $578M.

In FY 2024, TRANSALTA CORP reported revenue of $2.07B and earnings per share (EPS) of $0.41. Net income for the quarter was $166M. Gross margin was 60.2%. Revenue grew -30.8% year-over-year compared to FY 2023. Operating income came in at $578M.

In FY 2023, TRANSALTA CORP reported revenue of $2.99B and earnings per share (EPS) of $2.33. Net income for the quarter was $603M. Gross margin was 55.2%. Revenue grew 36.5% year-over-year compared to FY 2022. Operating income came in at $1.36B.

In FY 2022, TRANSALTA CORP reported revenue of $2.19B and earnings per share (EPS) of $0.01. Net income for the quarter was $119M. Gross margin was 55.1%. Operating income came in at $443M.

Over the past 8 quarters, TRANSALTA CORP has demonstrated a growth trajectory, with revenue expanding from $1.63B to $2.07B. Investors analyzing TAC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

TAC Dividend Yield and Income Analysis

TRANSALTA CORP (TAC) does not currently pay a dividend. This is common among smaller companies in the Utilities industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Utilities dividend stocks may want to explore other Utilities stocks or use the stock screener to filter by dividend yield.

TAC Momentum and Technical Analysis Profile

TRANSALTA CORP (TAC) has a momentum factor score of 52/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 56/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 13/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

TAC vs Competitors — Utilities Sector Ranking and Peer Comparison

Within the Utilities sector, TRANSALTA CORP (TAC) ranks #30 out of 112 stocks based on the Blank Capital composite score. This places TAC in the upper half of all Utilities stocks in our coverage universe. Key competitors and sector peers include Energy Transfer LP (ET) with a score of 52.6/100, Southwest Gas Holdings, Inc. (SWX) with a score of 54.8/100, NEXTERA ENERGY INC (NEE) with a score of 51.6/100, EDISON INTERNATIONAL (EIX) with a score of 53.0/100, and TC ENERGY CORP (TRP) with a score of 53.1/100.

Comparing TAC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TAC vs S&P 500 (SPY) comparison to assess how TRANSALTA CORP stacks up against the broader market across all factor dimensions.

TAC Next Earnings Date

No upcoming earnings date has been announced for TRANSALTA CORP (TAC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy TAC? — Investment Thesis Summary

TRANSALTA CORP presents a balanced picture with arguments on both sides. The value score of 86/100 suggests attractive pricing relative to fundamentals.

In summary, TRANSALTA CORP (TAC) earns a Hold rating with a composite score of 50.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TAC stock.

Related Resources for TAC Investors

Explore more research and tools: TAC vs S&P 500 comparison, top Utilities stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TAC head-to-head with peers: TAC vs ET, TAC vs SWX, TAC vs NEE.

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TRANSALTA CORP (TAC) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does TRANSALTA CORP Do?

TRANSALTA CORP (TAC) Stock Rating — Hold (April 2026)

TAC Stock Price and 52-Week Range

Is TAC Overvalued or Undervalued? — Valuation Analysis

TRANSALTA CORP Profitability — ROE, Margins, and Quality Score

TAC Debt, Balance Sheet, and Financial Health

TRANSALTA CORP Revenue and Earnings History — Quarterly Trend

TAC Dividend Yield and Income Analysis

TAC Momentum and Technical Analysis Profile

TAC vs Competitors — Utilities Sector Ranking and Peer Comparison

TAC Next Earnings Date

Should You Buy TAC? — Investment Thesis Summary

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