Topic: How To Invest

Q: Pat, can I have your recommendation on TransAlta Renewables? Thanks.

Article Excerpt

A: TransAlta Renewables, $13.83, symbol RNW on Toronto (Shares outstanding: 264.3 million; Market cap: $3.7 billion; www.transaltarenewables.com), is one of the largest generators of wind power in Canada and is among the country’s largest publicly traded renewable power companies. TransAlta Renewables owns 21 wind farms, 13 hydroelectric facilities, seven natural gas generation plants, one solar facility and one natural gas pipeline. Altogether, that makes for a total generating capacity of 2,414 megawatts. The company’s facilities are located in the provinces of B.C., Alberta, Ontario, Quebec and New Brunswick as well as the U.S. states of Wyoming, Massachusetts and Minnesota. TransAlta Renewables also has assets “Down Under,” in the State of Western Australia. In addition to those core holdings, the company has interests in the 90-megawatt Big Level U.S. wind development project, currently under construction. It also expects to take a stake in the 29-megawatt Antrim U.S. wind development project. Formed on May 28, 2013, TransAlta Renewables first sold shares to the public and listed…

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