The Globe and Mail reports in its Friday, Nov. 7, edition that Desjardins Securities analyst Brent Stadler has reaffirmed his "buy" recommendation for TransAlta. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stadler cut his share target back to $19.50 from $21. Analysts on average target the shares at $22.23. Mr. Stadler says in a note: "Alberta datacentre expectations were high heading into the Q3 results and the market responded to the shift in the investor day and uncertainty around datacentre timing. We expect TransAlta's datacentre MOU by its investor day in 1Q26, while the timing of a PPA is not clear. TransAlta continues to expect to announce the Centralia recontracting by year-end, and we look forward to the details. We continue to believe investors should take a wait-and-see approach on TransAlta given elevated risks." The Globe reported on July 30 that TD Cowen analyst John Mould rated TransAlta "buy." The shares could then be had for $16.65. The Globe reported on Oct. 23 that Mr. Stadler continued to rate TransAlta "hold." The shares could then be had for $24.11. The Globe reported on Oct. 29 that TD Cowen analyst John Mould rated TransAlta "buy." It was then worth $24.73.
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