CIBC World Markets Issues an Upgrade on TransAlta Renewables (TSE:RNW) Shares. What’s Next?

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TransAlta Renewables (TSE:RNW) Stock Upgrade

CIBC World Markets upgraded shares of TransAlta Renewables (TSE:RNW) from a Sector Performer rating to a solid Sector Outperformer in a recent report released on today.

Approximately 598,560 shares of stock traded hands or 135.10% up from the average. TransAlta Renewables Inc (TSE:RNW) has declined 19.57% since April 30, 2015 and is downtrending. It has underperformed by 19.28% the S&P500.

 CIBC World Markets Issues an Upgrade on TransAlta Renewables (TSE:RNW) Shares. What’s Next?

TransAlta Renewables Inc. is a Canada renewable power company. The company has a market cap of $1.93 billion. The Firm is engaged in developing, owning and operating renewable power generation facilities. It has 14.03 P/E ratio. The Firm owns and operates around 12 hydro facilities and 16 wind farms in Western and Eastern Canada and holds an economic interest in the around 144 megawatts Wyoming Wind Farm.

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