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Brazilian (BOVESPA) Renewable Energy Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies5
  • 7D3.2%
  • 3M6.5%
  • 1Y36.5%
  • YTD13.7%

Over the last 7 days, the Renewable Energy industry has risen 3.2%, driven by gains from Eneva of 4.2%. During this same period, the Renova Energia underperformed, falling 8.0%. This takes the industry's 12 month performance to a gain of 37%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026R$102.1bR$46.3bR$2.3b25.9x44.5x2.2x
Thu, 23 Apr 2026R$112.0bR$45.6bR$3.2b16.2x34.7x2.5x
Sat, 21 Mar 2026R$99.0bR$45.5bR$3.2b13.8x30.7x2.2x
Mon, 16 Feb 2026R$95.5bR$43.6bR$1.8b12.7x51.7x2.2x
Wed, 14 Jan 2026R$91.0bR$43.6bR$1.8b11.4x49.3x2.1x
Fri, 12 Dec 2025R$89.1bR$43.6bR$1.8b11.4x48.2x2x
Sun, 09 Nov 2025R$94.7bR$45.5bR$2.1b22x44.4x2.1x
Tue, 07 Oct 2025R$86.4bR$44.6bR$2.1b19.3x41x1.9x
Thu, 04 Sep 2025R$82.1bR$44.6bR$2.1b15.8x39x1.8x
Sat, 02 Aug 2025R$79.5bR$40.6bR$3.8b53.7x20.8x2x
Mon, 30 Jun 2025R$82.3bR$40.6bR$3.8b53.5x21.6x2x
Wed, 28 May 2025R$81.1bR$40.6bR$3.8b56.6x21.2x2x
Fri, 25 Apr 2025R$76.0bR$35.7bR$4.8b21.9x15.8x2.1x
Sun, 23 Mar 2025R$70.7bR$35.6bR$5.1b13.3x13.9x2x
Tue, 18 Feb 2025R$69.1bR$30.8bR$6.1b11.5x11.3x2.2x
Thu, 16 Jan 2025R$62.5bR$30.8bR$6.1b10.3x10.2x2x
Sat, 14 Dec 2024R$67.9bR$30.8bR$6.1b11.3x11.1x2.2x
Mon, 11 Nov 2024R$71.9bR$30.6bR$5.9b12.2x12.2x2.3x
Wed, 09 Oct 2024R$80.8bR$33.6bR$4.9b9.9x16.4x2.4x
Fri, 06 Sep 2024R$84.6bR$33.6bR$4.9b9.9x17.1x2.5x
Sun, 04 Aug 2024R$82.0bR$33.7bR$4.2b14.5x19.5x2.4x
Tue, 02 Jul 2024R$83.3bR$33.7bR$4.3b15.4x19.4x2.5x
Thu, 30 May 2024R$82.7bR$33.7bR$4.3b15.4x19.3x2.5x
Sat, 27 Apr 2024R$77.5bR$34.3bR$3.7b41.4x21.1x2.3x
Mon, 25 Mar 2024R$80.2bR$34.3bR$4.3b32.8x18.7x2.3x
Wed, 21 Feb 2024R$81.3bR$33.8bR$4.3b31.9x19x2.4x
Fri, 19 Jan 2024R$81.1bR$33.6bR$6.6b23.2x12.2x2.4x
Sun, 17 Dec 2023R$87.0bR$33.6bR$6.6b22.8x13.1x2.6x
Tue, 14 Nov 2023R$80.5bR$32.9bR$7.0b29.1x11.5x2.4x
Thu, 12 Oct 2023R$80.8bR$32.7bR$7.8b19.6x10.3x2.5x
Sat, 09 Sep 2023R$81.9bR$32.7bR$7.8b19.8x10.5x2.5x
Mon, 07 Aug 2023R$86.6bR$31.8bR$7.4b38.2x11.7x2.7x
Wed, 05 Jul 2023R$87.7bR$31.6bR$7.2b38.7x12.2x2.8x
Fri, 02 Jun 2023R$82.7bR$31.6bR$7.2b38.1x11.5x2.6x
Price to Earnings Ratio

11.5x


Total Market Cap: R$82.7bTotal Earnings: R$7.2bTotal Revenue: R$31.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Renewable Energy Industry Price to Earnings3Y Average 22.5x202420252026
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 44.5x which is higher than its 3-year average PE of 22.5x.
  • 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 32% per year over the last three years.
  • Meanwhile revenues for these companies have grown 14% 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 Market1.93%
Utilities1.27%
Renewable Energy3.18%
Independent Power Producers and Energy Traders4.17%
Renewable Energy2.31%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 16.1x.
    • Analysts are expecting annual earnings growth of 31.4%, which is higher than its past year's earnings decline of 23.7% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 145x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 32% over the next 5 years.
  • However this is lower than its past earnings growth rate of 166% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 31% 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$25.224.2%
+R$1.9b		76.5%PE37.3x
EGIE3 Engie Brasil EnergiaR$32.582.5%
+R$925.3m		9.0%PE14.5x
AURE3 Auren EnergiaR$12.552.2%
+R$282.0m		27.8%PS1x

Latest News

EGIE3
R$32.58
Engie Brasil Energia
7D
2.5%
1Y
9.0%
Narrative Update • May 24

EGIE3: Higher P/E And Upbeat Research Will Shape Balanced Risk Reward

Analysts have raised their price target on Engie Brasil Energia to around R$34 from about R$32, citing updated assumptions on fair value, discount rate, revenue trends and future P/E, alongside recent upbeat research. Analyst Commentary Bullish Takeaways Bullish analysts see the revised fair value assumptions as supportive of the new R$34 price target, suggesting the stock’s valuation is more in line with their updated revenue and P/E inputs.
RNEW3
R$0.92
Renova Energia
7D
-8.0%
1Y
-46.5%
ENEV3
R$25.22
Eneva
7D
4.2%
1Y
76.5%
Narrative Update • May 15

ENEV3: Improved Margins And P E Reset Will Support Bullish Outlook

Analysts have lifted Eneva's fair value estimate from R$28.02 to R$29.26, citing updated assumptions for a smaller revenue decline, a slightly lower discount rate, a higher profit margin, and a lower future P/E multiple. Valuation Changes Fair Value: R$29.26, up from R$28.02, reflecting the combined impact of the updated assumptions.
AURE3
R$12.55
Auren Energia
7D
2.2%
1Y
27.8%