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TAC · Power & utilities · Canada

TransAlta

Runs power plants in Canada, the US and Australia.

Company Health

/100

Weak

A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.

Does it make money?

0 of 25 · Poor

It lost money last year: C$6 of every C$100 in sales.

Is it growing?

3 of 25 · Poor

Sales shrank about 7% a year over the last 3 years.

Can it handle what it owes?

4 of 25 · Poor

It would take about 11 years of the cash its business brings in to pay off everything it owes.

Does it bring in spare cash?

21 of 25 · Good

After paying for buildings and equipment, C$17 of every C$100 in sales was left as spare cash.

Who owns it

None of the 23 funds we follow reported owning TransAlta in their latest reports. Melqart sold all their shares in their latest report.

bought lately

owns it

doesn’t own it

Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre

Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners

From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From TransAlta’s yearly reports, in Canadian dollars. Tap a year to see its figures.

Sales and profit

Sales grew from C$2.10 billion in 2020 to C$2.40 billion in 2025, and it made a profit in 3 of the 6 years.

2025

Sales

C$2.40 billion

Loss

C$138 million

Spare cash each year

It had cash to spare in 5 of the 6 years, including C$397 million in 2025.

2025

Spare cash

C$397 million

Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned C$8.66 billion, including C$205 million in cash, and owed C$7.20 billion.

Key facts

From its yearly report for 2025.

Sales

C$2.40 billion

Loss

C$138 million

Spare cash

C$397 million

Cash in the bank

C$205 million

Everything it owes

C$7.20 billion

Year ends

December

Money shown in

Canadian dollars

Latest yearly report

40-F, filed Feb 27, 2026

Figures from TransAlta’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.

Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works