More stocks to consider
Alternative stocks to TransAlta (TSX:TA)
These are the alternatives to TransAlta that fall within the same industry, Power Producers & Traders, 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.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
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See TransAlta Performance
TransAlta stock research in summary
transalta.com
TransAlta shares are more expensive than other comparable stocks. They show below average growth, are riskily financed, and are poor value. We recommend evaluating whether the future of the company TransAlta is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.
Latest Obermatt Ranks
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| Country |
Canada |
| Industry |
Power Producers & Traders |
| Index |
|
| Size class |
Large |
Large companies - similar industry as TransAlta
| 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
| 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
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. ALLETE (L, US) Electric Utilities
|
|
1. ALLETE (L, US) Electric Utilities
|
75
|
|
59
|
|
96
|
|
100
|
|
|
2. National Fuel Gas (L, US) Gas Utilities
|
|
2. National Fuel Gas (L, US) Gas Utilities
|
71
|
|
85
|
|
81
|
|
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. Chesapeake Utilities (M, US) Gas Utilities
|
|
10. Chesapeake Utilities (M, US) Gas Utilities
|
7
|
|
100
|
|
73
|
|
79
|
|
December 19, 2024
Mid sized companies - similar region as TransAlta
| 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. Whitecap Resources (L, CA) Oil & Gas Production
|
|
2. Whitecap Resources (L, CA) Oil & Gas Production
|
94
|
|
82
|
|
63
|
|
100
|
|
|
3. Mullen (L, CA) Trucking
|
|
3. Mullen (L, CA) Trucking
|
96
|
|
74
|
|
79
|
|
100
|
|
|
4. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
|
4. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
97
|
|
61
|
|
77
|
|
100
|
|
|
5. Lassonde (L, CA) Packaged Foods & Meats
|
|
5. Lassonde (L, CA) Packaged Foods & Meats
|
85
|
|
97
|
|
84
|
|
100
|
|
|
6. Onex (L, CA) Asset Management & Custody
|
|
6. Onex (L, CA) Asset Management & Custody
|
45
|
|
97
|
|
88
|
|
100
|
|
|
7. Magellan Aerospace (M, CA) Aerospace & Defense
|
|
7. Magellan Aerospace (M, CA) Aerospace & Defense
|
99
|
|
73
|
|
98
|
|
100
|
|
|
8. Dundee Precious Metals (M, CA) Gold Production
|
|
8. Dundee Precious Metals (M, CA) Gold Production
|
80
|
|
67
|
|
94
|
|
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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