Buy TransAlta on Q2 Execution and Energy-Transition Optionality
TransAlta (TAC) is trading below recent moving averages after a pullback. The utility is executing on data-center wins, asset conversions and M&A while preserving free cash flow. We like a mid-term long (45 trading days) aimed at capturing a normalization in power fundamentals and re-rating toward the recent highs, with a strict stop to limit downs…