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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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See TransAlta Renewables Performance

TransAlta Renewables stock research in summary

transaltarenewables.com


TransAlta Renewables shares are more expensive than other comparable stocks. They are safely financed and show above average growth, but are poor value. We recommend evaluating whether the future of the company TransAlta Renewables 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.


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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 100 27 81 93
2. Pinnacle West (XL, US)  Electric Utilities
2. Pinnacle West (XL, US)   Electric Utilities 66 83 57 90
3. Atmos Energy (XL, US)  Gas Utilities
3. Atmos Energy (XL, US)   Gas Utilities 16 100 97 90
4. Entergy (XL, US)  Electric Utilities
4. Entergy (XL, US)   Electric Utilities 68 93 33 88
5. NiSource (XL, US)  Multi-Utilities
5. NiSource (XL, US)   Multi-Utilities 46 95 55 86
6. PPL (XL, US)  Electric Utilities
6. PPL (XL, US)   Electric Utilities 47 59 89 85
7. NextEra Energy (XXL, US)  Electric Utilities
7. NextEra Energy (XXL, US)   Electric Utilities 5 99 68 76
8. Vistra Energy (XXL, US)  Power Producers & Traders
8. Vistra Energy (XXL, US)   Power Producers & Traders 20 89 68 76
9. American Water Works (XL, US)  Water Utilities
9. American Water Works (XL, US)   Water Utilities 6 81 65 67
10. NRG (XXL, US)  Electric Utilities
10. NRG (XXL, US)   Electric Utilities 55 100 11 67

May 2, 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. Celestica (XL, CA)  Electr. Manufacturing Services
1. Celestica (XL, CA)   Electr. Manufacturing Services 85 77 83 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 88 49 100 100
3. West Fraser (XL, CA)  Forest Products
3. West Fraser (XL, CA)   Forest Products 78 91 75 100
4. Open Text (XL, CA)  Application Software
4. Open Text (XL, CA)   Application Software 100 51 57 98
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 88 53 65 96
6. ATCO (XL, CA)  Multi-Utilities
6. ATCO (XL, CA)   Multi-Utilities 100 27 81 93
7. Cenovus (XXL, CA)  Oil & Gas Integrated
7. Cenovus (XXL, CA)   Oil & Gas Integrated 73 49 84 92
8. Canfor (XL, CA)  Forest Products
8. Canfor (XL, CA)   Forest Products 45 79 82 92
9. Manulife Financial (XXL, CA)  Life & Health Insurance
9. Manulife Financial (XXL, CA)   Life & Health Insurance 70 33 100 91
10. Russel Metals (XL, CA)  Trading & Distribution
10. Russel Metals (XL, CA)   Trading & Distribution 94 18 96 90

May 2, 2024


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Mid sized companies - similar industry as TransAlta Renewables

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Portland General Electric (L, US)  Electric Utilities
1. Portland General Electric (L, US)   Electric Utilities 86 81 77 100
2. NextEra Energy Partners (L, US)  Renewable Electricity
2. NextEra Energy Partners (L, US)   Renewable Electricity 92 87 81 100
3. ALLETE (L, US)  Electric Utilities
3. ALLETE (L, US)   Electric Utilities 74 53 88 96
4. Avista (L, US)  Multi-Utilities
4. Avista (L, US)   Multi-Utilities 84 73 56 96
5. National Fuel Gas (L, US)  Gas Utilities
5. National Fuel Gas (L, US)   Gas Utilities 63 67 83 94
6. American States Water (M, US)  Water Utilities
6. American States Water (M, US)   Water Utilities 5 95 96 92
7. Hawaiian Electric Industries (L, US)  Electric Utilities
7. Hawaiian Electric Industries (L, US)   Electric Utilities 96 7 90 90
8. Aqua America (L, US)  Water Utilities
8. Aqua America (L, US)   Water Utilities 18 99 71 86
9. Capital Power (L, CA)  Power Producers & Traders
9. Capital Power (L, CA)   Power Producers & Traders 78 3 99 80
10. Superior Plus (L, CA)  Gas Utilities
10. Superior Plus (L, CA)   Gas Utilities 90 47 41 79

May 2, 2024


Mid sized companies - similar region as TransAlta Renewables

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Magellan Aerospace (M, CA)  Aerospace & Defense
1. Magellan Aerospace (M, CA)   Aerospace & Defense 98 71 100 100
2. Fairfax India Holdings (M, CA)  Asset Management & Custody
2. Fairfax India Holdings (M, CA)   Asset Management & Custody 67 95 93 100
3. Lassonde (L, CA)  Packaged Foods & Meats
3. Lassonde (L, CA)   Packaged Foods & Meats 96 53 79 98
4. Leon's Furniture (L, CA)  Homefurnishing Retail
4. Leon's Furniture (L, CA)   Homefurnishing Retail 88 69 81 98
5. Peyto (M, CA)  Oil & Gas Production
5. Peyto (M, CA)   Oil & Gas Production 94 93 55 98
6. Onex (L, CA)  Asset Management & Custody
6. Onex (L, CA)   Asset Management & Custody 52 99 82 97
7. Dundee Precious Metals (M, CA)  Gold Production
7. Dundee Precious Metals (M, CA)   Gold Production 84 31 98 96
8. Canaccord Genuity (L, CA)  Investment Banking & Brokerage
8. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 96 47 88 95
9. Jamieson Wellness (M, CA)  Personal Products
9. Jamieson Wellness (M, CA)   Personal Products 91 67 59 93
10. Centerra (L, CA)  Gold Production
10. Centerra (L, CA)   Gold Production 94 23 94 92

May 2, 2024



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