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Brazilian (BOVESPA) Renewable Energy Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies5
  • 7D9.6%
  • 3M10.8%
  • 1Y47.1%
  • YTD10.5%

The Renewable Energy industry is up 9.6% in the last week, with Eneva up 25%. In the last 12 months, the industry was up 47%. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

Has the Brazilian Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026R$99.0bR$45.5bR$3.2b13.8x30.7x2.2x
Tue, 17 Feb 2026R$95.5bR$43.6bR$1.8b12.7x51.7x2.2x
Thu, 15 Jan 2026R$89.5bR$43.6bR$1.8b11.6x48.5x2.1x
Sat, 13 Dec 2025R$89.6bR$43.6bR$1.8b11.5x48.5x2.1x
Mon, 10 Nov 2025R$94.7bR$45.5bR$2.1b22x44.4x2.1x
Wed, 08 Oct 2025R$85.6bR$44.6bR$2.1b20.7x40.7x1.9x
Fri, 05 Sep 2025R$82.7bR$44.6bR$2.1b15.8x39.3x1.9x
Sun, 03 Aug 2025R$79.5bR$40.6bR$3.8b53.7x20.8x2x
Tue, 01 Jul 2025R$83.1bR$40.6bR$3.8b54.1x21.8x2x
Thu, 29 May 2025R$81.3bR$40.6bR$3.8b56.9x21.3x2x
Sat, 26 Apr 2025R$75.9bR$35.7bR$4.8b21.8x15.8x2.1x
Mon, 24 Mar 2025R$70.7bR$35.6bR$5.1b13.3x13.9x2x
Wed, 19 Feb 2025R$69.4bR$30.8bR$6.1b11.3x11.3x2.2x
Fri, 17 Jan 2025R$63.9bR$30.8bR$6.1b10.2x10.4x2.1x
Sun, 15 Dec 2024R$67.6bR$30.8bR$6.1b11.3x11x2.2x
Tue, 12 Nov 2024R$71.9bR$30.6bR$5.9b12.1x12.2x2.3x
Thu, 10 Oct 2024R$79.6bR$33.6bR$4.9b9.8x16.1x2.4x
Sat, 07 Sep 2024R$84.4bR$33.6bR$4.9b9.9x17.1x2.5x
Mon, 05 Aug 2024R$82.0bR$33.7bR$4.2b14.5x19.5x2.4x
Wed, 03 Jul 2024R$83.0bR$33.7bR$4.3b15.3x19.3x2.5x
Fri, 31 May 2024R$81.9bR$33.7bR$4.3b15.4x19.1x2.4x
Sun, 28 Apr 2024R$77.5bR$34.3bR$3.7b41.4x21.1x2.3x
Tue, 26 Mar 2024R$79.5bR$34.3bR$4.3b32.4x18.5x2.3x
Thu, 22 Feb 2024R$81.3bR$33.8bR$4.3b32.2x19x2.4x
Sat, 20 Jan 2024R$80.9bR$33.6bR$6.6b22.8x12.2x2.4x
Mon, 18 Dec 2023R$86.9bR$33.6bR$6.6b22.8x13.1x2.6x
Wed, 15 Nov 2023R$80.5bR$32.9bR$7.0b30.5x11.5x2.4x
Fri, 13 Oct 2023R$80.8bR$32.7bR$7.8b19.6x10.3x2.5x
Sun, 10 Sep 2023R$81.9bR$32.7bR$7.8b19.8x10.5x2.5x
Tue, 08 Aug 2023R$86.6bR$31.8bR$7.4b37.6x11.7x2.7x
Thu, 06 Jul 2023R$88.3bR$31.6bR$7.2b39.5x12.2x2.8x
Sat, 03 Jun 2023R$84.1bR$31.6bR$7.2b37.7x11.7x2.7x
Mon, 01 May 2023R$82.0bR$29.6bR$6.7b21.5x12.2x2.8x
Wed, 29 Mar 2023R$77.2bR$29.5bR$6.1b17.8x12.6x2.6x
Price to Earnings Ratio

12.6x


Total Market Cap: R$77.2bTotal Earnings: R$6.1bTotal Revenue: R$29.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Renewable Energy Industry Price to Earnings3Y Average 21.1x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.7x which is higher than its 3-year average PE of 21.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 16% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Brazilian Utilities industry?

BR Market-1.22%
Utilities0.73%
Renewable Energy9.65%
Independent Power Producers and Energy Traders24.70%
Renewable Energy-1.48%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry even though it's trading below its 3-year average PE ratio of 145x.
    • Analysts are expecting annual earnings growth of 31.4%, which is lower than the prior year's growth of 2,655.3% per year.
  • Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.9x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 31% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 29% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ENEV3 EnevaR$24.9924.7%
+R$9.5b		104.5%PE41.4x

Latest News

ENEV3
R$24.99
Eneva
7D
24.7%
1Y
104.5%
EGIE3
R$31.31
Engie Brasil Energia
7D
-0.8%
1Y
12.2%

Transmission Focus And Curtailment Risks Will Pressure Future Earnings Strength

Catalysts About Engie Brasil Energia Engie Brasil Energia operates a diversified portfolio of electricity generation and transmission assets in Brazil, with exposure to hydro, wind, solar and gas transportation. What are the underlying business or industry changes driving this perspective?
AURE3
R$11.30
Auren Energia
7D
-3.1%
1Y
42.7%

AURE3: Lower Discount Rate And Higher P/E Will Support Upside Potential

Analysts have increased their fair value estimate for Auren Energia from R$15.82 to R$16.02, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. Valuation Changes Fair Value: R$15.82 to R$16.02, a small upward adjustment in the estimate.
RNEW3
R$1.17
Renova Energia
7D
-5.6%
1Y
-37.8%