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Brazilian (BOVESPA) Renewable Energy Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies5
  • 7D0.8%
  • 3M5.4%
  • 1Y46.8%
  • YTD6.7%

In the last week, the Renewable Energy industry is up 2.1%, with Eneva up 2.9%. During this same period, the Renova Energia underperformed, falling 7.9%. This takes the industry's 12 month performance to a gain of 48%. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026R$97.5bR$43.6bR$1.8b12.6x52.8x2.2x
Sat, 24 Jan 2026R$96.9bR$43.6bR$1.8b12.5x52.5x2.2x
Mon, 22 Dec 2025R$89.5bR$43.6bR$1.8b11.7x48.5x2.1x
Wed, 19 Nov 2025R$95.3bR$49.8bR$1.9b81.9x50.2x1.9x
Fri, 17 Oct 2025R$87.5bR$44.6bR$2.1b18.8x41.5x2x
Sun, 14 Sep 2025R$85.8bR$44.6bR$2.1b15.4x40.8x1.9x
Tue, 12 Aug 2025R$79.6bR$42.3bR$2.8b35.9x28.9x1.9x
Thu, 10 Jul 2025R$80.6bR$40.6bR$3.8b53.1x21.1x2x
Sat, 07 Jun 2025R$79.3bR$40.6bR$3.8b54.9x20.8x2x
Mon, 05 May 2025R$77.0bR$35.7bR$4.8b21.9x16x2.2x
Wed, 02 Apr 2025R$69.2bR$35.7bR$4.8b25x14.4x1.9x
Fri, 28 Feb 2025R$69.0bR$33.5bR$5.9b14x11.8x2.1x
Sun, 26 Jan 2025R$63.3bR$30.8bR$6.1b10.8x10.3x2.1x
Tue, 24 Dec 2024R$66.5bR$30.8bR$6.1b11.1x10.8x2.2x
Thu, 21 Nov 2024R$71.1bR$30.8bR$6.1b11.8x11.6x2.3x
Sat, 19 Oct 2024R$81.5bR$33.6bR$4.9b10.3x16.5x2.4x
Mon, 16 Sep 2024R$84.1bR$33.6bR$4.9b10.5x17x2.5x
Wed, 14 Aug 2024R$84.3bR$34.0bR$4.2b10.4x20.1x2.5x
Fri, 12 Jul 2024R$86.0bR$33.7bR$4.3b16.1x20x2.6x
Sun, 09 Jun 2024R$82.2bR$33.7bR$4.3b15.2x19.1x2.4x
Tue, 07 May 2024R$80.4bR$34.4bR$3.5b88.3x22.7x2.3x
Thu, 04 Apr 2024R$80.1bR$34.3bR$3.7b43.5x21.8x2.3x
Sat, 02 Mar 2024R$82.3bR$33.9bR$4.3b37.6x19x2.4x
Mon, 29 Jan 2024R$82.1bR$33.6bR$6.6b23.2x12.4x2.4x
Wed, 27 Dec 2023R$87.6bR$33.6bR$6.6b23.5x13.2x2.6x
Fri, 24 Nov 2023R$85.8bR$33.6bR$6.7b24.4x12.9x2.6x
Sun, 22 Oct 2023R$78.3bR$32.7bR$7.8b18.7x10x2.4x
Tue, 19 Sep 2023R$83.9bR$32.7bR$7.8b20.2x10.7x2.6x
Thu, 17 Aug 2023R$84.0bR$32.7bR$7.8b20.7x10.7x2.6x
Sat, 15 Jul 2023R$86.9bR$31.6bR$7.2b41.1x12.1x2.8x
Mon, 12 Jun 2023R$86.6bR$31.6bR$7.2b38.7x12x2.7x
Wed, 10 May 2023R$82.6bR$30.0bR$6.9b22.9x11.9x2.8x
Fri, 07 Apr 2023R$77.4bR$29.6bR$6.7b17x11.6x2.6x
Sun, 05 Mar 2023R$78.1bR$28.9bR$6.8b14.3x11.4x2.7x
Price to Earnings Ratio

11.4x


Total Market Cap: R$78.1bTotal Earnings: R$6.8bTotal Revenue: R$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Renewable Energy Industry Price to Earnings3Y Average 20.5x202420252026
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 52.2x which is higher than its 3-year average PE of 20.5x.
  • 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 35% per year over the last three years.
  • Meanwhile revenues for these companies have grown 15% 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 Market2.29%
Utilities3.45%
Renewable Energy0.78%
Independent Power Producers and Energy Traders1.22%
Renewable Energy0.45%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 134x.
    • Analysts are expecting annual earnings growth of 35.1%, which is higher than its past year's earnings decline of 95.8% 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 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 96% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 26% 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$21.551.2%
+R$498.1m		81.1%PE1212.9x
EGIE3 Engie Brasil EnergiaR$33.410.4%
+R$159.9m		25.7%PE12.6x
AURE3 Auren EnergiaR$11.730.9%
+R$114.9m		45.4%PS1x
RIOS3 Rio Alto Energias RenováveisR$30.504.5%
+R$88.8m		n/aPS9.3x

Latest News

ENEV3
R$21.55
Eneva
7D
1.2%
1Y
81.1%

ENEV3: Higher Required Return And Governance Agenda Will Shape A Steady Outlook

Analysts have slightly increased their fair value price target for Eneva from R$23.90 to R$24.33, reflecting updated views on discount rate assumptions, revenue trends, profit margins and future P/E expectations. What's in the News Eneva has scheduled a Special and Extraordinary Shareholders Meeting for February 5, 2026.
AURE3
R$11.73
Auren Energia
7D
0.9%
1Y
45.4%

AURE3: Fair Outlook Will Reflect Higher Assumptions For Returns And Profitability

Analysts have lifted their price target on Auren Energia from R$11.77 to roughly R$12.52, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E multiples. Valuation Changes Fair Value: Updated from R$11.77 to R$12.52, implying a modestly higher assessed share value.
RNEW3
R$1.20
Renova Energia
7D
-7.0%
1Y
-26.8%
EGIE3
R$33.41
Engie Brasil Energia
7D
0.4%
1Y
25.7%

Engie Brasil Energia S.A.'s (BVMF:EGIE3) Share Price Not Quite Adding Up

Feb 12
Engie Brasil Energia S.A.'s (BVMF:EGIE3) Share Price Not Quite Adding Up
RIOS3
R$30.50
Rio Alto Energias Renováveis
7D
4.5%
1Y
n/a