TransAlta Renewables: Falls as fourth-quarter results miss estimates

TransAlta Renewables

03/03/2021 16:37

** Shares in electric utilities co  RNW.TO  fell 5.1% to
C$19.18 in morning trade, set for second consecutive session of
losses
    ** Co reports profit of 20 Canadian cents/shr vs estimates
of 29 Canadian cents/shr - Refinitiv IBES data
    ** Revenue also fell short of expectations
    ** RNW expects 2021 comparable EBITDA to be between C$480
mln and C$520 mln vs estimate of C$503.9 mln
    ** Stock down ~7% YTD, as of last close

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))