TransAlta Renewables
RNW.TO (TSX)
TransAlta Renewables stands as one of Canada’s leading renewable energy firms, boasting a diverse portfolio of wind, hydro, and gas facilities. With a solid dividend yield of 7.23%, it appeals to those seeking reliable income, although the stock has experienced a 1-year return of -11.49%. Analysts maintain a consensus rating of Buy, indicating potential for recovery and growth within this sector.
Pros:
- Diverse renewable energy portfolio
- Consistent monthly dividends
Cons:
- Negative 1-year return
- Market competition
TransAlta Renewables (RNW.TO) may be suitable for income-focused investors looking for exposure to the renewable energy sector, given its attractive dividend yield of 7.23%. However, potential investors should consider the recent volatility reflected in its 1-year return of -11.49% and assess their risk tolerance accordingly, as the stock's performance may fluctuate in line with market conditions and sector developments.