TSX:TARenewable Energy
TransAlta (TSX:TA) Cash Flow Strength Meets Hedge And Credit Questions
TransAlta entered this earnings season with a stock that has sagged in the short term and a reputation as a renewable power player that is working to turn improving operations into durable cash flow. The headline from this quarter is cash generation. Adjusted earnings before interest, tax, depreciation and amortization came in at CA$291 million, and free cash flow reached CA$143 million, supported by a hedge book that secured realized power prices well above weak Alberta spot markets.
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