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Enter Symbol:
Transalta Corporation (TAC) [hlAlert]

Sector Underperform
up 130.00 %

Transalta Corporation (TAC) downgraded to Sector Underperform by CIBC Wrld Mkts

Posted on: Friday,  Feb 21, 2014  8:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Sector Underperform Transalta Corporation (NYSE: TAC) on 02/21/2014, when the stock price was $12.19.
Since then, Transalta Corporation has lost 56.52% as of 01/21/2016's recent price of $5.30.
If you would have followed this CIBC Wrld Mkts's recommendation on TAC, you would have gained 130% of your investment in 699 days.

TransAlta Corporation (TransAlta) is a wholesale power generator and marketer focused on the western regions of Canada and the United States. The Company owns, operates and manages a contracted and geographically diversified portfolio of assets, and has capability in generation fuels, including coal, natural gas, hydro and renewable energy. TransAlta has two business segments: Generation and Commercial Operations and Development. In Canada, the Company holds an ownership interest of 5,661 megawatts electrical generating capacity in thermal, gas-fired, wind-powered and hydroelectric facilities, including 4,937 megawatts in Western Canada, 628 megawatts in Ontario and 96 megawatts in New Brunswick. In the United States, its principal facilities include a 1,376 megawatts thermal facility and a 248 megawatts gas-fired facility. In November 2009, TransAlta Corporation's wholly owned subsidiary completed the acquisition of approximately 93.5% interest in Canadian Hydro Developers, Inc.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/21/2014 8:25 AM Sell
as of 10/17/2014
1 Week up  2.62 %
1 Month up  12.35 %
3 Months up  17.80 %
1 YTD up  20.83 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/23/2007 9:25 AM Hold

(*) Stock Price at the time of the recommendation.
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