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How to buy TransAlta Renewables (RNW) stocks

Learn how to easily invest in TransAlta Renewables stocks.

TransAlta Renewables is an utilities - renewable business based in Canada. TransAlta Renewables shares (RNW.TO) are listed on the Toronto stock Exchange (TSX) and all prices are listed in Canadian dollars. TransAlta Renewables employs 1,476 staff and has a trailing 12-month revenue of around C$496 million.

How to buy shares in TransAlta Renewables

  1. Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
  2. Open your account. Provide your personal information and sign up.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: RNW in this case.
  5. Research stocks. The platform should provide the latest information available.
  6. Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.
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Is it a good time to buy TransAlta Renewables stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is TransAlta Renewables under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the TransAlta Renewables P/E ratio, PEG ratio and EBITDA

TransAlta Renewables's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 42x. In other words, TransAlta Renewables stocks trade at around 42x recent earnings.

TransAlta Renewables's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.5. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into TransAlta Renewables's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

TransAlta Renewables's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$231 million.

The EBITDA is a measure of a TransAlta Renewables's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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