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Brazilian (BOVESPA) Renewable Energy Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies5
  • 7D3.1%
  • 3M4.5%
  • 1Y43.1%
  • YTD4.9%

In the last week, the Renewable Energy industry is up 3.1%, with Eneva up 4.8%. During this same period, the Renova Energia underperformed, falling 6.2%. This means that the industry has gained 43% 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
Thu, 12 Mar 2026R$93.9bR$45.5bR$3.2b14.3x29.1x2.1x
Sat, 07 Feb 2026R$94.5bR$43.6bR$1.8b12.6x51.2x2.2x
Mon, 05 Jan 2026R$89.6bR$43.6bR$1.8b11.7x48.5x2.1x
Wed, 03 Dec 2025R$100.2bR$49.8bR$1.9b81.9x52.8x2x
Fri, 31 Oct 2025R$89.9bR$44.6bR$2.1b22.1x42.7x2x
Sun, 28 Sep 2025R$86.9bR$44.6bR$2.1b18.1x41.3x1.9x
Tue, 26 Aug 2025R$82.7bR$44.6bR$2.1b15.8x39.3x1.9x
Thu, 24 Jul 2025R$82.2bR$40.6bR$3.8b55.4x21.5x2x
Sat, 21 Jun 2025R$77.6bR$40.6bR$3.8b54.5x20.3x1.9x
Mon, 19 May 2025R$80.3bR$40.0bR$4.1b23.8x19.6x2x
Wed, 16 Apr 2025R$72.2bR$35.7bR$4.8b21.8x15x2x
Fri, 14 Mar 2025R$69.3bR$33.5bR$5.9b13.6x11.8x2.1x
Sun, 09 Feb 2025R$66.5bR$30.8bR$6.1b10.9x10.8x2.2x
Tue, 07 Jan 2025R$62.2bR$30.8bR$6.1b11x10.1x2x
Thu, 05 Dec 2024R$68.6bR$30.8bR$6.1b11.6x11.2x2.2x
Sat, 02 Nov 2024R$79.7bR$34.0bR$6.0b12x13.2x2.3x
Mon, 30 Sep 2024R$82.0bR$33.6bR$4.9b9.8x16.6x2.4x
Wed, 28 Aug 2024R$84.1bR$33.6bR$4.9b10.3x17x2.5x
Fri, 26 Jul 2024R$82.7bR$33.7bR$4.3b15.1x19.3x2.5x
Sun, 23 Jun 2024R$82.4bR$33.7bR$4.3b15x19.2x2.4x
Tue, 21 May 2024R$82.9bR$33.7bR$4.3b16.3x19.3x2.5x
Thu, 18 Apr 2024R$77.6bR$34.3bR$3.7b41.4x21.2x2.3x
Sat, 16 Mar 2024R$80.2bR$34.3bR$4.3b32.5x18.7x2.3x
Mon, 12 Feb 2024R$81.3bR$33.8bR$4.3b31.4x19x2.4x
Wed, 10 Jan 2024R$87.2bR$33.6bR$6.6b23.4x13.2x2.6x
Fri, 08 Dec 2023R$85.6bR$33.6bR$6.6b23.7x12.9x2.5x
Sun, 05 Nov 2023R$79.5bR$32.9bR$7.9b28.2x10.1x2.4x
Tue, 03 Oct 2023R$82.1bR$32.7bR$7.8b19.9x10.5x2.5x
Thu, 31 Aug 2023R$84.6bR$32.7bR$7.8b20.3x10.8x2.6x
Sat, 29 Jul 2023R$87.7bR$31.6bR$7.2b40x12.2x2.8x
Mon, 26 Jun 2023R$89.3bR$31.6bR$7.2b39.9x12.4x2.8x
Wed, 24 May 2023R$83.1bR$31.6bR$7.2b36.9x11.5x2.6x
Fri, 21 Apr 2023R$81.4bR$29.6bR$6.7b23x12.1x2.8x
Sun, 19 Mar 2023R$79.1bR$28.9bR$6.8b13.9x11.6x2.7x
Price to Earnings Ratio

11.6x


Total Market Cap: R$79.1bTotal Earnings: R$6.8bTotal Revenue: R$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Renewable Energy Industry Price to Earnings3Y Average 21x202420252026
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 29.1x which is higher than its 3-year average PE of 21.0x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have declined 22% 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 Market1.65%
Utilities1.78%
Renewable Energy3.06%
Independent Power Producers and Energy Traders4.83%
Renewable Energy1.75%
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 30.3%, 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 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 30% 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$21.294.8%
+R$1.9b		71.8%PE35.2x
EGIE3 Engie Brasil EnergiaR$32.371.8%
+R$639.7m		21.4%PE14.3x
AURE3 Auren EnergiaR$11.913.1%
+R$376.0m		58.4%PS0.9x

Latest News

ENEV3
R$21.29
Eneva
7D
4.8%
1Y
71.8%
AURE3
R$11.91
Auren Energia
7D
3.1%
1Y
58.4%

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.
EGIE3
R$32.37
Engie Brasil Energia
7D
1.8%
1Y
21.4%

Transmission Expansion And Higher Renewable Availability Will Support A Stronger Long Term Outlook

Catalysts About Engie Brasil Energia Engie Brasil Energia is an energy company focused on electricity generation, transmission and gas transportation in Brazil, with a portfolio that includes hydro, wind and solar assets. What are the underlying business or industry changes driving this perspective?
RNEW3
R$1.22
Renova Energia
7D
-6.2%
1Y
-25.6%