TransAlta Corporation

NYSE:TAC Stock Report

Market Cap: US$3.8b

TransAlta Management

Management criteria checks 2/4

TransAlta's CEO is Joel Hunter, appointed in Apr 2026, has a tenure of less than a year. total yearly compensation is CA$3.04M, comprised of 22.5% salary and 77.5% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth $576.79K. The average tenure of the management team and the board of directors is 0.1 years and 5 years respectively.

Key information

Joel Hunter

Chief executive officer

CA$3.0m

Total compensation

CEO salary percentage22.55%
CEO tenureless than a year
CEO ownership0.02%
Management average tenureless than a year
Board average tenure5yrs

Recent management updates

Recent updates

Seeking Alpha • Jan 17

TransAlta: Canada's Powerhouse Of The Energy Transition

Summary TransAlta Corporation (TAC) is well positioned to capitalize on surging AI-driven energy demand, especially for data centers in Alberta. TAC trades at attractive valuation multiples—EV/EBITDA of 8.8x versus a sector median of 11.8x—offering a compelling entry point after recent share pullback. Alberta’s regulatory modernization and favorable climate enhance TAC’s long-term prospects, with price ceilings expected to rise and natural cooling benefits for data centers. Operational risks include Alberta price volatility and challenges consolidating outside its core market, but TAC’s liquidity supports steady dividends and buybacks. Read the full article on Seeking Alpha
Seeking Alpha • Apr 28

TransAlta: Cratering Alberta Power Prices Offset By Option Premiums

Summary We were exiting our TransAlta position at the time we last wrote about it. The stock has roundtripped back to the same point. The setup seems similar, but there is a much bigger margin of safety today. We tell you why we think the common with covered calls, generating 25% yields, is better than the preferred. Read the full article on Seeking Alpha
Seeking Alpha • Feb 21

TransAlta's Growth Story Has Holes And I'm Not Buying It

Summary TransAlta Corporation faces a challenging year with a 20% stock decline, weak grades, and Alberta’s collapsing power prices impacting revenue stability. Despite market headwinds, TransAlta’s efficiency, strategic acquisitions, and expansion in renewable energy projects bolster its long-term growth potential. The company maintains strong free cash flow and liquidity, with significant investments in data centers and renewable energy projects supporting future growth. Given regulatory uncertainties and declining earnings, I rate TransAlta as a hold, pending stabilization of earnings and successful execution of growth initiatives. Read the full article on Seeking Alpha
Seeking Alpha • Mar 07

TransAlta: The Transition Must Accelerate

Summary TransAlta is a Canadian power producer, still generating the majority of revenues from fossil fuels but with an important pipeline of renewables plants under development. Its hybrid structure could make it a good investment opportunity in the transition to clean energy, with the thesis supported by the result of my DCF model. However, three major risks are at stake: high dependence on electricity prices, large revenues concentration in Alberta and delays in construction of renewable projects. Read the full article on Seeking Alpha
Seeking Alpha • Dec 13

TransAlta: A Major Player, A Good Buy At Below $10.5/Share

Summary TransAlta is a utility company that has been undervalued and has not delivered a high dividend yield. The company has a solid market cap and generates significant free cash flow. TransAlta has plans for significant growth in clean electricity generation and has several high-value projects in the pipeline. Read the full article on Seeking Alpha
Seeking Alpha • Feb 22

TransAlta Q4 2022 Earnings Preview

TransAlta (NYSE:TAC) is scheduled to announce Q4 earnings results on Thursday, February 23, before market open. The consensus EPS estimate is $0.31 and the consensus revenue estimate is $419.55M. Over the last 3 months, EPS estimates have seen 6 upward revisions and 1 downward. Revenue estimates have seen 2 upward revisions and 0 downward. Read why SA author Trapping Value remains bullish on the stock.
Seeking Alpha • Dec 12

TransAlta declares CAD 0.055 dividend

TransAlta (NYSE:TAC) declares CAD 0.055/share quarterly dividend, in line with previous. Forward yield 1.69% Payable April 1; for shareholders of record March 1; ex-div Feb. 28. See TAC Dividend Scorecard, Yield Chart, & Dividend Growth.

CEO Compensation Analysis

How has Joel Hunter's remuneration changed compared to TransAlta's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$223m

Dec 31 2025CA$3mCA$685k

-CA$190m

Sep 30 2025n/an/a

-CA$193m

Jun 30 2025n/an/a

-CA$167m

Mar 31 2025n/an/a

CA$1m

Dec 31 2024CA$3mCA$323k

CA$177m

Compensation vs Market: Joel's total compensation ($USD2.21M) is below average for companies of similar size in the US market ($USD7.01M).

Compensation vs Earnings: Joel's compensation has increased whilst the company is unprofitable.

CEO

Joel Hunter (58 yo)

less than a year
Tenure
CA$3,038,967
Compensation

Mr. Joel E. Hunter is President, CEO & Director of TransAlta Corporation from April 30, 2026 and was its Executive VP of Finance & CFO from July 1, 2024 to April 30, 2026. Mr. Hunter was Executive Vice-Pre...

Leadership Team

NamePositionTenureCompensationOwnership
Joel Hunter
Presidentless than a yearCA$3.04m0.015%
$ 576.8k
Jane Fedoretz
Executive VP of People & Culture and Chief Administrative Officer5.3yrsCA$2.40m0.020%
$ 768.0k
Nancy Brennan
Executive Vice Presidentno dataCA$1.79mno data
John Kousinioris
Strategic Advisorless than a yearCA$7.05m0%
$ 0
Mark Flickinger
Executive Vice President of Project Delivery & Construction.1.8yrsCA$2.06mno data
Mike Politeski
Executive VP of Finance & CFOno datano data0.018%
$ 705.1k
Stephanie Paris
Vice President of Investor Relations & Corporate Strategyno datano datano data
Gary Woods
Managing Director of Gas & Renewablesno datano datano data
Christopher Fralick
Executive Vice President of Generation3.7yrsCA$1.65m0.016%
$ 603.9k
Grant Arnold
Executive VP of Growth & Chief Commercial Officerno datano datano data
0.08yrs
Average Tenure

Experienced Management: TAC's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Joel Hunter
Presidentless than a yearCA$3.04m0.015%
$ 576.8k
John Kousinioris
Strategic Advisor5.1yrsCA$7.05m0%
$ 0
John Dielwart
Independent Chair of the Board11.6yrsCA$330.00k0.023%
$ 889.0k
Brian Baker
Independent Director1.1yrsCA$133.39k0.0026%
$ 98.9k
Thomas O'Flynn
Independent Director5yrsCA$226.00k0.0017%
$ 66.4k
James Reid
Independent Director5yrsCA$195.00k0.020%
$ 746.3k
Manjit Sharma
Independent Director3.3yrsCA$198.00kno data
Sandra Sharman
Independent Director6.1yrsCA$223.00kno data
Bryan Pinney
Independent Director8.1yrsCA$220.00k0.0043%
$ 166.1k
Laura Folse
Independent Director5yrsCA$224.50kno data
Brian Baker
Director1.1yrsno datano data
5.0yrs
Average Tenure
61yo
Average Age

Experienced Board: TAC's board of directors are considered experienced (5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 07:20
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TransAlta Corporation is covered by 20 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan HeywoodATB Cormark
Benjamin PhamBMO Capital Markets Equity Research
Julien Dumoulin-SmithBofA Global Research