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Brazilian (BOVESPA) Renewable Energy Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies5
  • 7D8.3%
  • 3M20.7%
  • 1Y59.1%
  • YTD8.5%

Eneva is up 9.2%, leading the way for the Renewable Energy industry, which has gained 7.0%. This means that the industry has gained 59% over the past year. As for the next few years, earnings are expected to grow by 31% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 31 Jan 2023R$79.8bR$26.1bR$4.2b17.4x19.2x3.1x
Price to Earnings Ratio

19.2x


Total Market Cap: R$79.8bTotal Earnings: R$4.2bTotal Revenue: R$26.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Renewable Energy Industry Price to Earnings3Y Average 19.4x202420252026
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 51.0x which is higher than its 3-year average PE of 19.4x.
  • 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 24% per year over the last three years.
  • Meanwhile revenues for these companies have grown 19% 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 Market7.80%
Utilities7.15%
Renewable Energy8.30%
Independent Power Producers and Energy Traders9.17%
Renewable Energy7.61%
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 98.4x.
    • Analysts are expecting annual earnings growth of 35.8%, 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 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 36% 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 27% 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$22.499.2%
+R$3.6b		108.0%PE1265.9x
EGIE3 Engie Brasil EnergiaR$33.239.1%
+R$3.2b		32.3%PE12.5x
AURE3 Auren EnergiaR$11.903.1%
+R$376.2m		56.6%PS1x
RNEW3 Renova EnergiaR$1.011.0%
+R$3.7m		-44.5%PS0.8x

Latest News

ENEV3
R$22.49
Eneva
7D
9.2%
1Y
108.0%
AURE3
R$11.90
Auren Energia
7D
3.1%
1Y
56.6%

AURE3: Future Outlook Will Reflect Higher Required Returns And Lower Margins

Analysts have slightly trimmed their price target for Auren Energia to about R$11.77 from roughly R$11.78, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E as key drivers of the recalibration. Valuation Changes Fair Value: The price estimate moved slightly to about R$11.77 from roughly R$11.78, indicating only a marginal adjustment in the model output.
EGIE3
R$33.23
Engie Brasil Energia
7D
9.1%
1Y
32.3%

EGIE3: Higher Power Prices And Neutral Rating Will Support Balanced Risk Profile

Analysts have nudged their fair value estimate for Engie Brasil Energia to about R$29 per share, supported by a reduced discount rate and a recent shift to a Neutral rating with a R$45 price target, as higher electricity prices are seen as creating a more balanced risk and reward profile. Analyst Commentary Bullish Takeaways Bullish analysts see the move to a Neutral rating and R$45 price target as recognition that valuation now better reflects the company’s risk and return profile, with less pressure from earlier bearish views.
RNEW3
R$1.01
Renova Energia
7D
1.0%
1Y
-44.5%
RIOS3
R$32.80
Rio Alto Energias Renováveis
7D
-3.5%
1Y
n/a