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BEP

Brookfield Renewable

$31.28

-0.12 (-0.38%)

, TAC

TransAlta

$6.76

-0.07 (-1.02%)

07:08
03/25/19
03/25
07:08
03/25/19
07:08

Brookfield Renewable Partners makes $750M investment in TransAlta

TransAlta (TAC) announced an investment by Brookfield Renewable Partners (BEP) and its institutional partners that crystalizes the value of its Hydro Assets, enhances its financial position to execute its strategy, and accelerates the opportunity to return capital to shareholders. This investment will ensure TransAlta will transition to 100% clean energy by 2025. Under the terms of the agreement, Brookfield will invest $750M in TransAlta through the purchase of exchangeable securities, which will be convertible into an equity ownership interest in TransAlta's Alberta Hydro Assets in the future at a value based on a multiple of the future Hydro Assets' EBITDA. In addition, Brookfield has committed to purchase TransAlta common shares on the open market to increase its share ownership in TransAlta to 9%. TransAlta will include two experienced Brookfield nominees, Harry Goldgut and Richard Legault, on its slate of directors for election at the upcoming 2019 Annual and Special Meeting of shareholders. TransAlta and Brookfield intend to work together to complete TransAlta's transition to clean energy, maximize the value of the Hydro Assets, and create long-term shareholder value. TransAlta also announced that Robert Flexon, former CEO of Dynegy, has agreed to stand for election at the 2019 Meeting, bringing with him critical leadership skills and experience from the independent power-producing industry in the U.S.

BEP

Brookfield Renewable

$31.28

-0.12 (-0.38%)

TAC

TransAlta

$6.76

-0.07 (-1.02%)

BEP Brookfield Renewable
$31.28

-0.12 (-0.38%)

04/04/18
RBCM
04/04/18
INITIATION
Target $13
RBCM
Outperform
TerraForm Power initiated with an Outperform at RBC Capital
RBC Capital analyst Shelby Tucker initiated TerraForm Power (TERP) with an Outperform rating and a price target of $13. Tucker says the company's new sponsor Brookfield (BEP) paves the way for more value creation opportunities through greater operating efficiencies and potential acquisitions. Tucker adds that investors are presented with an "attractive" entry point given that the pending acquisition of Spanish renewable energy firm Saeta Yield announced last month is not factored into valuation over concerns around tariff resets.
09/28/18
DBAB
09/28/18
INITIATION
Target $28
DBAB
Sell
Brookfield Renewable initiated with a Sell at Deutsche Bank
Deutsche Bank analyst Jonathan Arnold started Brookfield Renewable with a Sell rating and $28 price target. With a riskier than average asset mix and distribution levels well in excess of sustainable cash flows, the company looks "fundamentally expensive" at current share levels, Arnold tells investors in a research note. He does not see enough yield to compensate for the risk.
TAC TransAlta
$6.76

-0.07 (-1.02%)

01/23/19
NATB
01/23/19
UPGRADE
NATB
Outperform
TransAlta upgraded to Outperform from Sector Perform at National Bank
02/28/19
NATB
02/28/19
DOWNGRADE
NATB
Sector Perform
TransAlta downgraded to Sector Perform from Outperform at National Bank
03/18/19
FBCO
03/18/19
UPGRADE
FBCO
Neutral
TransAlta upgraded to Neutral from Underperform at Credit Suisse
03/19/19
03/19/19
UPGRADE

Neutral
TransAlta upgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Andrew Kuske upgraded TransAlta to Neutral from Underperform after securities filings in Canada and the U.S. highlighted an activist approach for the company. The analyst believes a number of actions could be used to surface value from TransAlta's asset base, but will largely be focused on the hydro portfolio and large interest in TransAlta Renewables.

TODAY'S FREE FLY STORIES

MKC

McCormick

$170.70

-0.635 (-0.37%)

17:12
12/11/19
12/11
17:12
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17:12
Initiation
McCormick initiated  »

McCormick resumed with a…

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CLR

Continental Resources

$33.37

0.27 (0.82%)

17:10
12/11/19
12/11
17:10
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17:10
Conference/Events
Continental Resources to host conference call »

Conference call to…

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GIS

General Mills

$51.57

-1.67 (-3.14%)

, K

Kellogg

$66.17

-0.48 (-0.72%)

17:08
12/11/19
12/11
17:08
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17:08
Initiation
General Mills, Kellogg initiated  »

General Mills resumed…

GIS

General Mills

$51.57

-1.67 (-3.14%)

K

Kellogg

$66.17

-0.48 (-0.72%)

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  • 18

    Dec

CEI

Camber Energy

$2.05

0.86 (72.27%)

17:05
12/11/19
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17:05
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17:05
Hot Stocks
Camber Energy responds to unusual market activity »

Camber Energy commented…

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MGEN

Miragen Therapeutics

$0.69

0.0554 (8.73%)

17:04
12/11/19
12/11
17:04
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17:04
Conference/Events
Miragen Therapeutics to host conference call »

Conference call to…

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AGI

Alamos Gold

$5.57

0.205 (3.82%)

17:03
12/11/19
12/11
17:03
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17:03
Hot Stocks
Alamos Gold sees FY20 production 425K-465K ounces of gold »

Alamos Gold provided 2020…

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MMNFF

MedMen

$0.00

(0.00%)

17:02
12/11/19
12/11
17:02
12/11/19
17:02
Earnings
MedMen sees positive adjusted EBITDA in Q121, and positive FCF in Q321 »

The company anticipates…

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  • 12

    Dec

CPB

Campbell Soup

$48.00

-0.37 (-0.76%)

17:02
12/11/19
12/11
17:02
12/11/19
17:02
Initiation
Campbell Soup initiated  »

Campbell Soup resumed…

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MMNFF

MedMen

$0.00

(0.00%)

17:00
12/11/19
12/11
17:00
12/11/19
17:00
Earnings
MedMen sees FY20 revenue $225M - $245M, consensus $212.69M »

Sees FY21 revenue $450 -…

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  • 12

    Dec

XOM

Exxon Mobil

$68.95

-0.11 (-0.16%)

16:59
12/11/19
12/11
16:59
12/11/19
16:59
Hot Stocks
Exxon Mobil's Milton sells 13,569 common shares »

In a regulatory filing,…

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  • 12

    Dec

SJM

J.M. Smucker

$104.42

-1.64 (-1.55%)

16:57
12/11/19
12/11
16:57
12/11/19
16:57
Initiation
J.M. Smucker initiated  »

J.M. Smucker resumed with…

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  • 26

    Feb

16:55
12/11/19
12/11
16:55
12/11/19
16:55
Conference/Events
Oppenheimer healthcare analysts to hold a KOL dinner meeting »

Analysts hold a Cardiac…

MMNFF

MedMen

$0.00

(0.00%)

16:54
12/11/19
12/11
16:54
12/11/19
16:54
Hot Stocks
MedMen granted delivery-only license by the city of Mountain View, California »

On November 21, the…

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  • 12

    Dec

CAG

Conagra Brands

$28.64

-0.58 (-1.98%)

16:53
12/11/19
12/11
16:53
12/11/19
16:53
Initiation
Conagra Brands initiated  »

Conagra Brands resumed…

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  • 19

    Dec

EQH

AXA Equitable

$24.27

-0.18 (-0.74%)

16:53
12/11/19
12/11
16:53
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16:53
Hot Stocks
AXA Equitable sells two run-off and closed-block companies »

AXA Equitable has entered…

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  • 11

    Dec

MMNFF

MedMen

$0.00

(0.00%)

16:50
12/11/19
12/11
16:50
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16:50
Hot Stocks
MedMen announces financial updates to strengthen balance sheet »

MedMen Enterprises…

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  • 12

    Dec

MDLZ

Mondelez

$53.94

-0.13 (-0.24%)

16:48
12/11/19
12/11
16:48
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16:48
Initiation
Mondelez initiated  »

Mondelez resumed with a…

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ECA

Encana

$4.04

0.01 (0.25%)

16:42
12/11/19
12/11
16:42
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16:42
Hot Stocks
Encana to establish corporate domicile in U.S. »

Encana filed its…

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GE

General Electric

$10.98

-0.02 (-0.18%)

16:41
12/11/19
12/11
16:41
12/11/19
16:41
Upgrade
Analyst change prompts UBS to upgrade GE to Buy from Neutral »

UBS analyst Markus…

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  • 11

    Dec

  • 29

    Jan

HSY

Hershey

$149.81

0.415 (0.28%)

16:40
12/11/19
12/11
16:40
12/11/19
16:40
Initiation
Hershey initiated  »

Hershey resumed with a…

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NDSN

Nordson

$167.47

1.72 (1.04%)

16:39
12/11/19
12/11
16:39
12/11/19
16:39
Earnings
Nordson sees FY20 GAAP EPS growth 2%--6% versus FY19 »

"We are taking a…

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  • 12

    Dec

WHLR

Wheeler REIT

$1.79

-0.09 (-4.79%)

16:38
12/11/19
12/11
16:38
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16:38
Hot Stocks
Wheeler REIT nominees recommended by Glass Lewis »

Wheeler REIT announced…

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  • 19

    Dec

HD

Home Depot

$211.96

-3.88 (-1.80%)

, BA

Boeing

$350.00

2.14 (0.62%)

16:38
12/11/19
12/11
16:38
12/11/19
16:38
On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

The Federal Reserve did…

HD

Home Depot

$211.96

-3.88 (-1.80%)

BA

Boeing

$350.00

2.14 (0.62%)

CVX

Chevron

$116.22

-1.68 (-1.42%)

GME

GameStop

$5.53

-0.97 (-14.92%)

NSRGY

Nestle

$0.00

(0.00%)

MD

Mednax

$26.75

1.975 (7.97%)

OLLI

Ollie's Bargain Outlet

$69.39

9.11 (15.11%)

LOGM

LogMeln

$79.82

5.86 (7.92%)

PLAY

Dave & Buster's

$38.59

-1.48 (-3.69%)

UNFI

United Natural Foods

$7.07

-2.81 (-28.44%)

PLCE

Children's Place

$54.35

-16.32 (-23.09%)

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  • 11

    Dec

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    Dec

  • 25

    Feb

NDSN

Nordson

$167.47

1.72 (1.04%)

16:35
12/11/19
12/11
16:35
12/11/19
16:35
Hot Stocks
Nordson says backlog for the quarter was approximately $385M, down 1% YoY »

Backlog for the quarter…

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  • 12

    Dec

GAIN

Gladstone Investment

$14.65

-0.02 (-0.14%)

, CPTA

Capitala Finance

$8.74

0.16 (1.86%)

16:35
12/11/19
12/11
16:35
12/11/19
16:35
Hot Stocks
Gladstone Investment exits investment in Nth Degree »

Gladstone Investment…

GAIN

Gladstone Investment

$14.65

-0.02 (-0.14%)

CPTA

Capitala Finance

$8.74

0.16 (1.86%)

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