RBC Capital Downgrades TransAlta (TAC) to Underperform
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TransAlta Reports First Quarter 2016 Results
May 3, 2016 8:29 AM EDTCALGARY, ALBERTA -- (Marketwired) -- 05/03/16 -- TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported first quarter 2016 comparable EBITDA(1) of $279 million and comparable FFO(1) of $196 million, in line with expectations and tracking to the guidance provided for 2016. Comparable EBITDA increased by $4 million compared to the same period in 2015 with all segments other than U.S. Coal delivering similar or improved results over last year. Power prices in Alberta were at historic low levels during the quarter and impacted our hydro and wind assets... More
