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National Bank of Canada Resumes Coverage of TransAlta
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National Bank of Canada Resumes Coverage of TransAlta
Jun 10, 2026 8:11 AM

10:46 AM EDT, 06/10/2026 (MT Newswires) -- National Bank of Canada on Tuesday resumed coverage of TransAlta ( TAC ) with an outperform rating and C$24 price target.

The bank resumed coverage of TransAlta ( TAC ) following its C$350 million equity financing priced at $19.20 per share to fully fund the equity portion of its US$1.0 billion acquisition of two natural gas-fired peaking facilities in Colorado.

TransAlta ( TAC ) has entered an agreement to acquire the 162 megawatt (MW) Mountain Peak Power and the 156 MW Canyon Peak Power natural gas-fired peaking facilities near Denver, Colorado.

Both facilities are 100% contracted, receive fixed capacity payments, and benefit from full fuel and capital cost pass-through. The deal is expected to close in the fourth quarter of 2026.

TransAlta ( TAC ) traded at $17.23 per share at last look Wednesday on the Toronto Stock Exchange.

Price: 17.28, Change: -0.12, Percent Change: -0.69

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