TransAlta (TAC -0.7%) is betting a spinoff of its wind and hydroelectric power plants will help...

|About: TransAlta Corporation (TAC)|By:, SA News Editor

TransAlta (TAC -0.7%) is betting a spinoff of its wind and hydroelectric power plants will help reverse two years of losses. TAC’s renewables portfolio has been undervalued for years, a BMO analyst says; it has expanded its wind and hydro power capacity to ~25% from 15% in 2008. But First Asset doesn't share the enthusiasm, seeing "no reason to be bullish on electricity prices in the near term."