TransAlta Renewables
RNW.TO (TSX)
TransAlta Renewables stands out as one of Canada’s leading wind power generators, boasting a diverse portfolio of 48 renewable facilities, including hydro and gas. Despite a 1-year return of -11.49%, its solid dividend yield of 7.23% makes it an attractive option for those seeking reliable income from financially healthy companies. Analysts maintain a B+ rating, indicating steady confidence in its long-term growth potential.
Pros:
- High dividend yield
- Diverse renewable energy portfolio
Cons:
- Negative 1-year return
- Market volatility risk
TransAlta Renewables (RNW.TO) may be suitable for income-focused investors who value dividend yields, as evidenced by its 7.23% payout, despite the recent 1-year return of -11.49%. With a solid B+ rating from analysts and a diverse portfolio in the renewable energy sector, it presents a potential long-term investment opportunity for those willing to navigate short-term volatility.