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Brazilian (BOVESPA) Renewable Energy Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies5
  • 7D7.9%
  • 3M21.4%
  • 1Y63.4%
  • YTD22.9%

In the last week, the Renewable Energy industry is up 7.9%, with all of the companies up. In the last 12 months, the industry was up 63%. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026R$110.4bR$45.6bR$3.2b15.9x34.2x2.4x
Tue, 10 Mar 2026R$93.3bR$45.5bR$3.2b14.3x28.9x2x
Thu, 05 Feb 2026R$94.5bR$43.6bR$1.8b12.5x51.2x2.2x
Sat, 03 Jan 2026R$90.4bR$43.6bR$1.8b11.7x49x2.1x
Mon, 01 Dec 2025R$97.1bR$49.8bR$1.9b81.8x51.2x1.9x
Wed, 29 Oct 2025R$90.7bR$44.6bR$2.1b22.1x43.1x2x
Fri, 26 Sep 2025R$86.3bR$44.6bR$2.1b16.3x41x1.9x
Sun, 24 Aug 2025R$81.4bR$44.6bR$2.1b15.8x38.7x1.8x
Tue, 22 Jul 2025R$80.7bR$40.6bR$3.8b54.7x21.1x2x
Thu, 19 Jun 2025R$79.6bR$40.6bR$3.8b55x20.8x2x
Sat, 17 May 2025R$80.3bR$40.0bR$4.1b23.8x19.6x2x
Mon, 14 Apr 2025R$72.3bR$35.7bR$4.8b21.9x15x2x
Wed, 12 Mar 2025R$68.8bR$33.5bR$5.9b13.9x11.7x2.1x
Fri, 07 Feb 2025R$67.0bR$30.8bR$6.1b11.2x10.9x2.2x
Sun, 05 Jan 2025R$62.2bR$30.8bR$6.1b10.8x10.1x2x
Tue, 03 Dec 2024R$69.3bR$30.8bR$6.1b11.7x11.3x2.2x
Thu, 31 Oct 2024R$80.4bR$33.6bR$4.9b10x16.3x2.4x
Sat, 28 Sep 2024R$82.0bR$33.6bR$4.9b9.8x16.6x2.4x
Mon, 26 Aug 2024R$85.2bR$33.6bR$4.9b10.3x17.2x2.5x
Wed, 24 Jul 2024R$84.1bR$33.7bR$4.3b15.3x19.6x2.5x
Fri, 21 Jun 2024R$82.0bR$33.7bR$4.3b14.7x19.1x2.4x
Sun, 19 May 2024R$82.2bR$33.7bR$4.3b16.2x19.1x2.4x
Tue, 16 Apr 2024R$78.8bR$34.3bR$3.7b41.7x21.5x2.3x
Thu, 14 Mar 2024R$80.1bR$33.9bR$4.4b33.7x18.3x2.4x
Sat, 10 Feb 2024R$81.3bR$33.8bR$4.3b31.4x19x2.4x
Mon, 08 Jan 2024R$87.2bR$33.6bR$6.6b23.4x13.1x2.6x
Wed, 06 Dec 2023R$85.4bR$33.6bR$6.6b23.6x12.9x2.5x
Fri, 03 Nov 2023R$76.6bR$32.7bR$7.8b18.5x9.8x2.3x
Sun, 01 Oct 2023R$81.9bR$32.7bR$7.8b20.2x10.5x2.5x
Tue, 29 Aug 2023R$83.9bR$32.7bR$7.8b20.7x10.7x2.6x
Thu, 27 Jul 2023R$88.2bR$31.6bR$7.2b40.3x12.2x2.8x
Sat, 24 Jun 2023R$87.2bR$31.6bR$7.2b39.9x12.1x2.8x
Mon, 22 May 2023R$83.5bR$31.6bR$7.2b37x11.6x2.6x
Wed, 19 Apr 2023R$80.2bR$29.6bR$6.7b19x12x2.7x
Price to Earnings Ratio

12x


Total Market Cap: R$80.2bTotal Earnings: R$6.7bTotal Revenue: R$29.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Renewable Energy Industry Price to Earnings3Y Average 21.5x202420252026
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 34.2x which is higher than its 3-year average PE of 21.5x.
  • 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 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 Market4.38%
Utilities6.23%
Renewable Energy7.88%
Renewable Energy8.34%
Independent Power Producers and Energy Traders7.36%
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 33.6%, 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 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 34% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 32% 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$26.717.4%
+R$3.5b		114.7%PE44.2x
EGIE3 Engie Brasil EnergiaR$36.068.4%
+R$3.2b		27.3%PE15.9x
AURE3 Auren EnergiaR$13.9010.6%
+R$1.4b		76.6%PS1.1x
RNEW3 Renova EnergiaR$1.123.7%
+R$14.9m		-34.9%PS0.8x

Latest News

ENEV3
R$26.71
Eneva
7D
7.4%
1Y
114.7%

ENEV3: Meeting Outlook And Revised Assumptions Will Guide Balanced Future View

Analysts now see Eneva's fair value at about R$27.73 per share, compared with roughly R$25.53 previously. This reflects updated assumptions for revenue growth, profit margins and future P/E multiples.
AURE3
R$13.90
Auren Energia
7D
10.6%
1Y
76.6%

AURE3: Future Returns Will Likely Stabilize As Margins Improve And P/E Eases

Analysts have kept their R$12.00 price target for Auren Energia unchanged, citing a slightly lower discount rate, a less steep 6.0% revenue contraction, a modest improvement in profit margin to around 3.1%, and a lower future P/E closer to 70x as key factors in their updated view. Valuation Changes Fair Value: R$12.00 remains unchanged, so the updated inputs did not alter the headline valuation level.
RNEW3
R$1.12
Renova Energia
7D
3.7%
1Y
-34.9%
EGIE3
R$36.06
Engie Brasil Energia
7D
8.4%
1Y
27.3%

EGIE3: Stable Margins And Slightly Higher Discount Rate Will Shape Firm Pricing

Analysts have very slightly trimmed their price target for Engie Brasil Energia from R$31.10 to R$31.03, reflecting updated assumptions around the discount rate, revenue growth and profit margin, while keeping future P/E expectations broadly in line. Valuation Changes Fair Value: R$31.10 to R$31.03, a very small downward adjustment in the modelled estimate.