TAC Should I Buy
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TransAlta Corp (TAC) is not a strong buy at this moment for a beginner investor with a long-term focus. The technical indicators are bearish, and the financial performance shows declining profitability. While analysts are optimistic about long-term growth, current market conditions and lack of strong trading signals suggest holding off on investment for now.
The technical indicators are bearish. The MACD is negative and expanding downward (-0.182), RSI is at 21.662 (neutral zone), and moving averages show a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading near its support level (S1: 12.179), with resistance levels at R1: 13.86 and R2: 14.379.
The company is positioned to benefit from Alberta's net load growth and coal-to-gas transitions. Leadership changes could bring fresh strategic direction.
Technical indicators are bearish, and there are no significant trading trends or congress trading data to support a buy decision.
In Q4 2025, revenue increased by 2.26% YoY to $542 million. However, net income dropped to -$62 million (-4.62% YoY), EPS fell to -0.21 (-4.55% YoY), and gross margin declined to 17.71 (-5.19% YoY).
Analysts are optimistic about the stock's long-term prospects. CIBC lowered its price target to C$24 but maintained an Outperform rating. National Bank upgraded the stock to Outperform with a C$22 price target, citing double-digit growth potential through 2029. Desjardins lowered its price target to C$18 and maintained a Hold rating.
