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TransAlta預計資料中心需求將出現“上升拐點”，RBC表示

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-- TransAlta (TAC) 仍有望在未來幾季迎來潛在的「上漲拐點」。不過，加拿大皇家銀行資本市場 (RBC Capital Markets) 在周四的一份報告中指出，該投資案例更側重於長期投資，與阿爾伯塔省電網供需趨緊以及數據中心驅動的需求增長密切相關。 該機構表示，低於預期的第一季業績並未改變其整體投資邏輯，並強調了資料中心負載成長的潛力以及該省專案前景的改善。 RBC 表示，TransAlta 重申的 2026 年業績指引應該能讓投資人「感到些許安心」。 由於其強大的機組可用性、嚴謹的對沖策略以及穩健的資產負債表，該公司的投資邏輯仍然「穩健」。該券商認為，目前的投資環境需要耐心，並預期隨著供需關係趨緊，2028 年及以後將出現顯著的上漲空間。 該機構強調，TransAlta 的對沖策略和資產優化「使其水力發電和天然氣機組的實際價格比現貨價格高出約 45-50%」。加拿大皇家銀行（RBC）表示，這凸顯了其商業和工業業務以及積極的投資組合管理的重要性。 RBC補充道，阿爾伯塔省的遠期電力價格「尚未完全反映」潛在的資料中心相關需求成長。 RBC表示，這種需求最快可能在2027年開始出現，但隨著負荷成長規模的擴大，預計十年後才會產生更顯著的影響。 RBC對該股的評級為“跑贏大盤”，目標價為24加元。

Price: $12.76, Change: $-0.03, Percent Change: -0.23%

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