Topic: How To Invest

TRANSCANADA CORP. $56.86 – Toronto symbol TRP

TRANSCANADA CORP. $56.86 (Toronto symbol TRP; Shares outstanding: 708.0 million; Market cap: $39.1 billion; TSINetwork Rating: Above Average; Dividend yield: 3.4%; www.transcanada.com) recently completed the purchase of three more Ontario solar power plants from Canadian Solar Inc. (Nasdaq symbol CSIQ).

TransCanada now owns seven of the nine solar farms it agreed to buy from Canadian Solar in 2011. It will probably take possession of the remaining two in 2015. In all, it will pay about $500 million.

The company has 20-year deals to sell the power from these solar farms, which cuts this investment’s risk.

TransCanada is still a buy.

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