TransAlta (TSE:TA) Shares Cross Above 200-Day Moving Average – What’s Next?

Posted by Brian Himes on May 22nd, 2026

TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.32 and traded as high as C$18.57. TransAlta shares last traded at C$18.55, with a volume of 1,703,535 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TA. TD cut their price target on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Desjardins cut their price target on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Tuesday, February 10th. ATB Cormark Capital Markets upped their price target on shares of TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, March 24th. Finally, National Bank Financial upgraded shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target on the stock in a report on Tuesday, March 24th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, TransAlta currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.44.

Get Our Latest Research Report on TransAlta

TransAlta Trading Up 3.9%

The company has a debt-to-equity ratio of 317.20, a quick ratio of 0.62 and a current ratio of 0.76. The company’s fifty day simple moving average is C$17.71 and its 200-day simple moving average is C$18.32. The company has a market capitalization of C$5.52 billion, a P/E ratio of -24.73, a PEG ratio of -0.07 and a beta of 0.54.

TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last issued its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. TransAlta had a negative net margin of 7.73% and a negative return on equity of 11.56%. The company had revenue of C$560.00 million for the quarter.

Insider Buying and Selling at TransAlta

In other news, insider Michael Politeski purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of C$17.24 per share, with a total value of C$172,400.00. Following the completion of the transaction, the insider owned 55,000 shares in the company, valued at C$948,200. This represents a 22.22% increase in their position. Also, insider Christopher Douglas Fralick sold 36,453 shares of the stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of C$17.90, for a total transaction of C$652,508.70. Following the sale, the insider directly owned 46,939 shares of the company’s stock, valued at approximately C$840,208.10. The trade was a 43.71% decrease in their ownership of the stock. Over the last ninety days, insiders sold 85,953 shares of company stock valued at $1,524,909. 0.21% of the stock is currently owned by insiders.

TransAlta Company Profile

(Get Free Report)

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.