More stocks to consider
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.
How to read the ranks
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.
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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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