TransAlta Adjusts Mix of Series A and B Preferred Shares Through Conversions
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TransAlta ( (TSE:TA) ) has provided an update.
TransAlta has confirmed that none of its 9,629,913 outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A, will be converted into Series B shares on March 31, 2026. However, 1,148,549 of its 2,370,087 outstanding Series B preferred shares will be converted into Series A shares on a one-for-one basis on that date.
Following these conversions, TransAlta will have 10,778,462 Series A preferred shares and 1,221,538 Series B preferred shares issued and outstanding. Both series will remain listed on the Toronto Stock Exchange, and the shift slightly increases the relative weight of fixed rate reset preferred shares in the company’s capital structure, which may influence investor perceptions of its funding mix and income profile.
The most recent analyst rating on (TSE:TA) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on TransAlta stock, see the TSE:TA Stock Forecast page.
Spark’s Take on TA Stock
According to Spark, TipRanks’ AI Analyst, TA is a Neutral.
The score is held back primarily by weakened profitability and a highly leveraged balance sheet, despite strong operating/free cash flow. Technicals are moderately supportive, and the earnings call adds a modest позитиве tilt via reaffirmed guidance and extended credit facilities. Valuation is constrained by the negative P/E and only a modest dividend yield.
To see Spark’s full report on TA stock, click here.
More about TransAlta
TransAlta Corporation is one of Canada’s largest publicly traded power generators, providing reliable electricity across Canada, the United States and Western Australia. With more than a century of operating history, it runs a technology-diverse fleet of power assets and focuses on delivering dependable energy while adapting its infrastructure to evolving power systems and future demand.
Average Trading Volume: 1,205,229
Technical Sentiment Signal: Buy
Current Market Cap: C$5.06B
Find detailed analytics on TA stock on TipRanks’ Stock Analysis page.
