$TAC

TransAlta Corp said it will buy two natural gas peaking plants near Denver, Mountain Peak Power and Canyon Peak Power, from Blackstone for about $1 billion. The 318 MW assets are fully contracted for over 25 years. TransAlta will assume $750 million project debt and raise about $250 million equity via a C$350 million bought deal. Expected annual adjusted core profit is ~$80 million and free cash flow ~$33 million; deal closes early Q4 2026.

SAMR has drafted new China rules for probiotic health foods, open for consultation until Aug 24, 2026, including higher minimum CFU at shelf life and required strain details for traceability and quality. The Akkermansia Company received a new US patent covering marketing substantially purified Akkermansia for metabolic disorders, including live and pasteurized forms. IM8 secured $1bn growth financing from General Catalyst’s CVF to expand internationally.

Washington state’s Department of Ecology said it reached an agreement with TransAlta to transition the TransAlta Centralia plant from coal to natural gas. The plant is expected to start natural gas generation by 2028 and stop burning fossil fuels by 2044. TransAlta will invest $7 million to $21 million annually in Lewis and Thurston counties. Public comments run until Sept. 6.

CALGARY, Alberta, July 31, 2026 (GLOBE NEWSWIRE) — TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the second quarter ended June 30, 2026.

Utilities in the Pacific Northwest are contesting TransAlta’s request to recover costs for keeping its Centralia, Washington coal plant on standby under renewed Trump-era DOE emergency orders. TransAlta says its first April 30 invoice was nearly $20 million and estimates $23 million for repairs if standby extends into Q3–Q4 2026. FERC is reviewing opposition from utilities and grid operators.

TD Securities resumed coverage of TransAlta (NYSE:TAC) on June 10 with a Buy rating and a C$26 price target after the company completed a bought-deal equity offering. The firm cited a 13% stock pullback tied to concerns about TransAlta’s planned $1B acquisition of two Denver-area gas peakers from Blackstone. The assets total 318 MW, with expected ~$80M annual adjusted core profit and ~$33M free cash flow.

The Globe and Mail’s Scott Barlow roundup cites RBC Capital Markets’ Maurice Choy saying Canada’s new nuclear strategy could benefit TC Energy and Hydro One in Ontario and Capital Power, TransAlta and Canadian Utilities in Alberta, with Brookfield Renewables noted for global exposure. Scotiabank’s Hugo Ste-Marie flags a weak loonie at US$0.706 and widening rate differentials. BofA says copper supply constraints likely keep markets structurally tight.

TransAlta (NYSE:TAC) shares rose above their 200-day moving average on Monday, trading up to $13.82 and last at $13.5650. The 200-day average is $13.23. The article cites analyst actions including RBC and CIBC reiterating “outperform” and TD Securities “buy,” with MarketBeat showing a $21.33 consensus target. It also notes May 6 quarterly EPS of $0.04 vs $0.01 expected and a $0.07 quarterly dividend payable July 1.

TransAlta Corporation has declared quarterly dividends for six series of its cumulative redeemable rate reset first preferred shares, payable on June 30, 2026, to shareholders of record on June 1, 2026. The per-share dividends range from C$0.26309 to C$0.43088, with Series B and Series D having floating rates that reset quarterly. The highest dividend rate of 6.894% (C$0.43088 per share) is for Series E.

TransAlta Corp (TAC) generates most of its revenue from Gas, accounting for 53.0% of total sales, followed by Energy Transition and Hydro. The company displays a gross margin of 17.71%, with operating and net margins in negative territory, and a Return on Equity of -30.13%. TAC, with a market capitalization of $3.77B, competes with companies like TXNM and KEN, and its gross margin is significantly lower than TXNM's but comparable to KEN's.