Latest news with #TransAlta
Yahoo
10-05-2025
- Business
- Yahoo
TransAlta Corporation (TAC): Among Chris Rokos' Stock Picks with Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where TransAlta Corporation (NYSE:TAC) stands against Chris Rokos' other stock picks with huge upside potential. One of the traits that define investors who become billionaires is the ability to make money regardless of market conditions. Chris Rokos is one example. For instance, in March 2025, the hedge fund gained 3.4% amid heightened volatility. At the same time, fellow big-name asset managers like Point72, Citadel, and Millennium struggled to handle the volatility. Christopher Charles Rokos is a British hedge fund manager. He co-founded Brevan Howard in 2002 after nearly 10 years with Goldman Sachs, where he traded interest rate products. In 2015, he established Rokos Capital Management. The asset manager has approximately $20 billion worth of assets under management (AUM) as of 2025. Rokos is the fund's Chief Investment Officer (CIO). The billionaire hedge fund manager made the most of Trump's election in November last year. According to a Bloomberg report, Rokos netted nearly $1 billion in profits in a single day following Trump's victory. This, according to the report, is a 'standout trading performance' since Rokos Capital started operating in 2015. READ ALSO: Billionaire Ray Dalio's Bridgewater's 10 Stock Picks with Huge Upside Potential and Billionaire Mario Gabelli's 10 Large-Cap Stock Picks with Huge Upside Potential. And the winning didn't stop there. Since that election victory, Trump has fueled rallies and routs in almost equal measure. But, interestingly, Rokos keeps turning up profits regardless of market conditions. Thanks to the Trump-fueled rally in November 2024, Rokos Capital Management ended the year with 31% in returns. In early April 2025, Trump's tariffs triggered a large sell-off, and many hedge funds lost money. But not Rokos. The asset manager advanced 4.5% in the first two weeks of the month. This gain helped the hedge fund's returns for the year to reach 8% as of mid-April 2025. But whether Rokos Capital Management will keep winning this year is something that remains to be seen, especially in light of the conditions in the market. On Monday, May 5, 2025, the S&P 500 snapped out of a nine-day rally—the longest winning streak in 20 years. The broader market index fell 0.64%, while the Nasdaq shed 0.74% and the Dow lost 0.24%. Market observers quoted by CNN put the decline on tariffs. For instance, Argent Capital Management's Jed Ellerbroek said that the 'market is intensely focused on where the tariff rates end up, and it's bouncing around day to day as those assessments change.' Veteran technical strategist Tom DeMark told Bloomberg that a bear market is a likely scenario shortly. 'A top is imminent. Too much technical damage has been done. Stocks are vulnerable right now and can easily get hit pretty badly if anything quickly changes on the global trade outlook.' However, it won't come as a surprise that Rokos Capital manages gains out of the bleak market (if the current predictions hold). They have done it before. As such, it appears wise to get an idea of the hedge fund's stock picks, especially those with a huge upside potential. We combed through Rokos Capital Management's SEC Q4 2024 13F filings. We focused on the fund's most valuable equities holdings (excluding ETFs and options) and then ranked the stocks based on analyst price targets as of May 7, 2025. We picked stocks with an upside potential of at least 30% and then picked the top 10. We have also mentioned the broader hedge fund sentiment for these stocks, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A technician in a control room monitoring energy flows from a natural gas-fired power Corporation (NYSE:TAC) is a clean energy company based in Canada. It generates and sells electricity from renewable and conventional sources. The company owns and operates energy generation assets across Canada, the United States, and Western Australia. TransAlta Corporation (NYSE:TAC) reported mixed Q1 2025 results on May 7, company achieved a 94.9% operational availability in the quarter, compared to 92.3% in the same period last year. However, adjusted EBITDA fell to 270 million CAD ($196 million) from 342 million CAD ($248 million) in Q1 2024. The same is true for free cash flow, which fell to 139 million CAD ($101 million) from 221 million CAD ($160 million). Despite the underwhelming figures, CEO John Kousinioris expressed confidence in the company's 2025 outlook. He noted that their 'hedging strategy and active asset optimization continued to generate realized prices well above spot prices.' During the quarter, TransAlta Corporation (NYSE:TAC) made a strategic investment in Nova Clean Energy, LLC, which includes a $75 million term loan and a $100 million revolving facility. The transaction gave the company exclusive rights to purchase Nova's late-stage development projects in the western US. The partnership grants access to a development portfolio of over 4 GW of renewable energy projects. TransAlta (NYSE:TAC) also moved into the commercialization phase of its Alberta data center project. On April 10, 2025, Raymond James initiated coverage with a Market Perform rating and a 12.00 CAD ($8.70) price target. The research firm explained that TransAlta (NYSE:TAC) is 'redirecting its focus from renewable energy projects to thermal opportunities' and it's skeptical about the 'likelihood of large technology companies moving into the area given the current macroeconomic climate.' Overall TAC ranks 8th on our list of Chris Rokos' stock picks with huge upside potential. While we acknowledge the potential of TAC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TAC but that trades at less than 5 times its earnings check out our report about this READ NEXT: and . Disclosure: None. This article is originally published at . 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Calgary Herald
08-05-2025
- Business
- Calgary Herald
Independent panel now in place to review Calgary's water system, including troubled feeder main
Panellists for an independent review of the rupturing of the Bearspaw south feeder main in June of last year — which triggered Stage 4 water restrictions and boil water advisories for some communities while forcing all Calgarians to reduce a quarter of their daily consumption — have been selected, according to the city. Article content Article content The group comprises five industry experts who will join panel chair Siegfried Kiefer in examining all aspects of the city's water utility systems, including water, wastewater and stormwater. Article content Article content 'I am pleased that these remarkable and talented people have agreed to join me in the undertaking this very important review,' Kiefer, a retired ATCO executive, said in a statement. Article content 'The panel represents in total, over 200 years of industry leadership experience with the breadth and depth to conduct a truly comprehensive objective and meaningful review of our water utility system to ensure that Calgarians have reliable, affordable, and sustainable water services into the future.' Article content Article content The members were selected by Kiefer, who worked closely with an advisory group composed of TransAlta CEO Dawn Farrell, Luma Energy CEO Wayne Stensby and Dr. Edward McCauley, president and Vice Chancellor of the University of Calgary. Article content Article content The panel is slated to complete their review by the end of 2025. Article content The review into the incident is separate from the city's own investigation into the feeder main's failure, the findings of which were detailed in a 600-page report and a presentation to Calgary councillors in December. Article content
Global News
07-05-2025
- Business
- Global News
TransAlta CEO says power producer expects to reach Alberta data centre deal this year
Power producer TransAlta Corp. is hoping to sign agreements this year with prospective Alberta data centre partners that would draw on natural gas-fired electricity it generates in the province. 'We continue to focus on securing exclusivity with key partners by mid-year with detailed design and definitive agreements expected by year-end,' CEO John Kousinioris told a quarterly analyst conference call Wednesday. 'A data centre would be operational 18 to 24 months after signing definitive agreements.' Data centres, used in artificial intelligence and other high-tech industries, are massive operations that require an immense amount of electricity to run and cool off computer servers. Story continues below advertisement Alberta's technology minister has said the province hopes to see $100 billion worth of artificial intelligence data centres under construction in the next five years. Some utilities have discussed plans to ink deals that go 'behind the meter,' meaning one of their plants feeds power to a specific user rather than the broader grid. Get weekly money news Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday. Sign up for weekly money newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Kousinioris told analysts he expects TransAlta to supply around 90 per cent of a data centre partner's needs, with the rest being drawn from the wider market. Earlier this year, TransAlta entered into a partnership with Nova Clean Energy LLC, which develops renewable projects in the western United States. Under the deal, TransAlta is providing Nova a US$100 million revolving credit facility and US$75 million term loan. TransAlta, in turn, has the exclusive right to buy Nova's late-stage development projects. Also Wednesday, TransAlta reported its first-quarter profit fell compared with a year ago. The utility said it earned a profit attributable to common shareholders of $46 million or 15 cents per share for the quarter ended March 31. The result compared with a profit of $222 million or 72 cents per share for the same period in 2024. On an adjusted basis, TransAlta says it earned 10 cents per share in its latest quarter, down from an adjusted profit of 41 cents per share a year ago. Story continues below advertisement Revenue totalled $758 million, down from $947 million in the same quarter last year.
CBC
07-05-2025
- Business
- CBC
Calgary council votes to close roads leading to Bearspaw Reservoir
A pair of roads the public has used to access the Bearspaw Reservoir will be closed after a Calgary city council vote on Tuesday. Council voted to approve a proposal to shut down the undeveloped road allowances, which members of the public have been using to access the reservoir through Haskayne Park, and to get to a marina business that opened on the water just last year. TransAlta, which operates the Bearspaw Dam and Reservoir and owns land adjacent to the water, called on the city to close the roads to discourage people from going to the reservoir for on-water activities. The company cited risks to public safety stemming from sudden changes that can occur in water levels that create strong currents and waves, and the potential risk that unmanaged activity on the reservoir could have on water quality. "We're required to own the land around the reservoir as a safety buffer, and we can't take on the liability of allowing the public access through a safety buffer... to access the water for recreation purposes," TransAlta manager of external affairs Duncan Webster told council on Tuesday. The Bearspaw Reservoir supplies 60 per cent of Calgary's drinking water. Last year, Bearspaw Marina opened, setting up docks on the reservoir. The marina offers canoe, kayak, row boat, pedal boat and paddleboard rentals, but TransAlta argues it was set up without proper authorization from the city. On Tuesday, Bearspaw Marina co-owner Rick Skauge defended maintaining public access to the reservoir and denied that the marina was set up improperly. "The marina operates legally on a federal waterway under the [Canadian Navigable Waters Act]. It has been confirmed by Transport Canada as a minor works project, and Alberta and Rocky View County have both stated their permission is not required. We are fully compliant," he said. "The closure of this road allowance would kill this vision. It would deny the public access to a safe, stunning lake." Skauge said he has boated on the reservoir for years and argued that concerns around safety on the water are overstated because the changes in water level are barely noticeable. He noted that the marina maintains a rescue boat and enforces life jacket rules for renters. The city received hundreds of letters ahead of Tuesday's discussion from members of the public opposing the plan to shut down the roads, and arguing in favour of public access to the water. Without that, the marina won't be able to operate, said Skauge, who has lived in Bearspaw and managed the nearby Tree Farm for decades. Weighing safety risks with public access Ward 1 Coun. Sonya Sharp voted to close the roads, which run through her ward, citing her concerns about public safety and the need for a better understanding that the recreation could have on water quality. "The conditions at the Bearspaw Reservoir is a real and urgent risk," said Sharp. "If someone were to drown there this summer, I actually would not be able to live with myself if I didn't support this." Ward 9 Coun. Gian-Carlo Carra argued council should be focused on whether it supports active recreation on Bearspaw, and criticized their inability to get to the table to find a responsible and safe way to allow that effort. "This is in the spirit of everything we believe in terms of our public recreation goals, our river access strategy goals," said Carra. Some councillors noted they would be open to discussing reopening the roads and public access to the reservoir in the future. The reservoir falls inside Rocky View County's boundaries, but the city partners with the county and TransAlta to ensure public safety and protect infrastructure on and around the reservoir, to protect the environment around the area, and to ensure water quality for the water treatment plant.
Toronto Star
07-05-2025
- Business
- Toronto Star
Power utility TransAlta reports first-quarter profit down from year ago
CALGARY - TransAlta Corp. reported its first-quarter profit fell compared with a year ago. The power utility says it earned a profit attributable to common shareholders of $46 million or 15 cents per share for the quarter ended March 31. The result compared with a profit of $222 million or 72 cents per share for the same period in 2024. ARTICLE CONTINUES BELOW On an adjusted basis, TransAlta says it earned 10 cents per share in its latest quarter, down from an adjusted profit of 41 cents per share a year ago. Revenue totalled $758 million, down from $947 million in the same quarter last year. TransAlta chief executive John Kousinioris says the company's portfolio in Alberta was partially impacted by softer power prices, while its hedging strategy and active asset optimization continued to generate realized prices well above spot prices. This report by The Canadian Press was first published May 7, 2025. Companies in this story: (TSX:TA)
