More stocks to consider
Alternative stocks to TransAlta Renewables (TSX:RNW)
These are the alternatives to TransAlta Renewables that fall within the same industry, Renewable Electricity, or region, Canada.
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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
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TransAlta Renewables stock research in summary
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TransAlta Renewables stock research analysis by the purely faced based Obermatt method on current and historical performance by investment strategy | TransAlta Renewables (TSX:RNW), Renewable Electricity, Canada
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Country |
Canada |
Industry |
Renewable Electricity |
Index |
|
Size class |
Medium |
Large companies - similar industry as TransAlta Renewables
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. ATCO (XL, CA) Multi-Utilities
|
1. ATCO (XL, CA) Multi-Utilities
|
95
|
|
79
|
|
81
|
|
100
|
|
2. Fortis (XL, CA) Electric Utilities
|
2. Fortis (XL, CA) Electric Utilities
|
75
|
|
69
|
|
82
|
|
98
|
|
3. Entergy (XXL, US) Electric Utilities
|
3. Entergy (XXL, US) Electric Utilities
|
57
|
|
99
|
|
53
|
|
95
|
|
4. Hawaiian Electric Industries (XL, US) Electric Utilities
|
4. Hawaiian Electric Industries (XL, US) Electric Utilities
|
79
|
|
3
|
|
90
|
|
90
|
|
5. Atmos Energy (XL, US) Gas Utilities
|
5. Atmos Energy (XL, US) Gas Utilities
|
15
|
|
93
|
|
97
|
|
87
|
|
6. PPL (XL, US) Electric Utilities
|
6. PPL (XL, US) Electric Utilities
|
45
|
|
59
|
|
95
|
|
85
|
|
7. Pinnacle West (XL, US) Electric Utilities
|
7. Pinnacle West (XL, US) Electric Utilities
|
57
|
|
79
|
|
61
|
|
83
|
|
8. AltaGas (XL, CA) Gas Utilities
|
8. AltaGas (XL, CA) Gas Utilities
|
63
|
|
99
|
|
23
|
|
77
|
|
9. Sempra Energy (XXL, US) Multi-Utilities
|
9. Sempra Energy (XXL, US) Multi-Utilities
|
27
|
|
79
|
|
73
|
|
77
|
|
10. Vistra Energy (XXL, US) Power Producers & Traders
|
10. Vistra Energy (XXL, US) Power Producers & Traders
|
11
|
|
97
|
|
64
|
|
76
|
|
December 19, 2024
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as TransAlta Renewables
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. ATCO (XL, CA) Multi-Utilities
|
1. ATCO (XL, CA) Multi-Utilities
|
95
|
|
79
|
|
81
|
|
100
|
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
85
|
|
45
|
|
98
|
|
100
|
|
3. Fortis (XL, CA) Electric Utilities
|
3. Fortis (XL, CA) Electric Utilities
|
75
|
|
69
|
|
82
|
|
98
|
|
4. West Fraser (XL, CA) Forest Products
|
4. West Fraser (XL, CA) Forest Products
|
69
|
|
100
|
|
67
|
|
98
|
|
5. Restaurant Brands International (XL, CA) Restaurants
|
5. Restaurant Brands International (XL, CA) Restaurants
|
57
|
|
89
|
|
66
|
|
96
|
|
6. Fairfax (XXL, CA) Property & Casualty Insurance
|
6. Fairfax (XXL, CA) Property & Casualty Insurance
|
67
|
|
77
|
|
65
|
|
96
|
|
7. Barrick Gold (XL, CA) Gold Production
|
7. Barrick Gold (XL, CA) Gold Production
|
84
|
|
59
|
|
76
|
|
96
|
|
8. Canadian Tire (XXL, CA) General Merchandise Stores
|
8. Canadian Tire (XXL, CA) General Merchandise Stores
|
89
|
|
91
|
|
52
|
|
95
|
|
9. Suncor (XXL, CA) Oil & Gas Integrated
|
9. Suncor (XXL, CA) Oil & Gas Integrated
|
73
|
|
55
|
|
83
|
|
95
|
|
10. Bank of Montreal (XXL, CA) Diversified Banks
|
10. Bank of Montreal (XXL, CA) Diversified Banks
|
83
|
|
69
|
|
49
|
|
94
|
|
December 19, 2024
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Mid sized companies - similar industry as TransAlta Renewables
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. National Fuel Gas (L, US) Gas Utilities
|
1. National Fuel Gas (L, US) Gas Utilities
|
71
|
|
85
|
|
81
|
|
100
|
|
2. ALLETE (L, US) Electric Utilities
|
2. ALLETE (L, US) Electric Utilities
|
75
|
|
59
|
|
96
|
|
100
|
|
3. Northland (L, CA) Renewable Electricity
|
3. Northland (L, CA) Renewable Electricity
|
97
|
|
59
|
|
55
|
|
97
|
|
4. Canadian Utilities (L, CA) Multi-Utilities
|
4. Canadian Utilities (L, CA) Multi-Utilities
|
89
|
|
55
|
|
79
|
|
95
|
|
5. Portland General Electric (L, US) Electric Utilities
|
5. Portland General Electric (L, US) Electric Utilities
|
91
|
|
49
|
|
69
|
|
89
|
|
6. Aqua America (L, US) Water Utilities
|
6. Aqua America (L, US) Water Utilities
|
25
|
|
87
|
|
71
|
|
87
|
|
7. IDACORP (L, US) Electric Utilities
|
7. IDACORP (L, US) Electric Utilities
|
29
|
|
85
|
|
88
|
|
84
|
|
8. NextEra Energy Partners (L, US) Renewable Electricity
|
8. NextEra Energy Partners (L, US) Renewable Electricity
|
100
|
|
17
|
|
85
|
|
83
|
|
9. ONE Gas (L, US) Gas Utilities
|
9. ONE Gas (L, US) Gas Utilities
|
75
|
|
27
|
|
71
|
|
79
|
|
10. Sunnova Energy International (M, US) Renewable Electricity
|
10. Sunnova Energy International (M, US) Renewable Electricity
|
75
|
|
93
|
|
1
|
|
79
|
|
December 19, 2024
Mid sized companies - similar region as TransAlta Renewables
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Leon's Furniture (L, CA) Homefurnishing Retail
|
1. Leon's Furniture (L, CA) Homefurnishing Retail
|
85
|
|
75
|
|
77
|
|
100
|
|
2. Mullen (L, CA) Trucking
|
2. Mullen (L, CA) Trucking
|
96
|
|
74
|
|
79
|
|
100
|
|
3. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
3. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
97
|
|
61
|
|
77
|
|
100
|
|
4. Lassonde (L, CA) Packaged Foods & Meats
|
4. Lassonde (L, CA) Packaged Foods & Meats
|
85
|
|
97
|
|
84
|
|
100
|
|
5. Onex (L, CA) Asset Management & Custody
|
5. Onex (L, CA) Asset Management & Custody
|
45
|
|
97
|
|
88
|
|
100
|
|
6. Magellan Aerospace (M, CA) Aerospace & Defense
|
6. Magellan Aerospace (M, CA) Aerospace & Defense
|
99
|
|
73
|
|
98
|
|
100
|
|
7. Dundee Precious Metals (M, CA) Gold Production
|
7. Dundee Precious Metals (M, CA) Gold Production
|
80
|
|
67
|
|
94
|
|
100
|
|
8. Whitecap Resources (L, CA) Oil & Gas Production
|
8. Whitecap Resources (L, CA) Oil & Gas Production
|
94
|
|
82
|
|
63
|
|
100
|
|
9. Centerra (L, CA) Gold Production
|
9. Centerra (L, CA) Gold Production
|
96
|
|
53
|
|
92
|
|
100
|
|
10. Sundial Growers (M, CA) Pharmaceuticals
|
10. Sundial Growers (M, CA) Pharmaceuticals
|
58
|
|
79
|
|
72
|
|
98
|
|
December 19, 2024
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