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Brazilian (BOVESPA) Renewable Energy Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies5
  • 7D0.9%
  • 3M13.8%
  • 1Y36.1%
  • YTD49.2%

Over the last 7 days, the Renewable Energy industry has risen 3.9%, driven by gains from Eneva of 1.5%. This takes the industry's 12 month performance to a gain of 41%. As for the next few years, earnings are expected to grow by 34% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025R$91.7bR$43.6bR$1.8b11.4x49.7x2.1x
Fri, 14 Nov 2025R$96.7bR$47.3bR$2.4b64.8x40.6x2x
Sun, 12 Oct 2025R$87.0bR$44.6bR$2.1b19.5x41.3x1.9x
Tue, 09 Sep 2025R$83.6bR$44.6bR$2.1b15.5x39.7x1.9x
Thu, 07 Aug 2025R$80.1bR$40.6bR$3.8b54.4x21x2x
Sat, 05 Jul 2025R$85.2bR$40.6bR$3.8b55.1x22.3x2.1x
Mon, 02 Jun 2025R$79.9bR$40.6bR$3.8b55.4x20.9x2x
Wed, 30 Apr 2025R$76.3bR$35.7bR$4.8b21.9x15.9x2.1x
Fri, 28 Mar 2025R$69.8bR$35.6bR$5.1b12.9x13.7x2x
Sun, 23 Feb 2025R$69.7bR$32.0bR$6.3b11.5x11x2.2x
Tue, 21 Jan 2025R$63.2bR$30.8bR$6.1b10.2x10.3x2.1x
Thu, 19 Dec 2024R$68.5bR$30.8bR$6.1b11.1x11.2x2.2x
Sat, 16 Nov 2024R$71.8bR$30.8bR$6.1b12.1x11.8x2.3x
Mon, 14 Oct 2024R$79.4bR$33.6bR$4.9b10x16.1x2.4x
Wed, 11 Sep 2024R$83.5bR$33.6bR$4.9b9.9x16.9x2.5x
Fri, 09 Aug 2024R$83.3bR$33.8bR$4.1b9.8x20.5x2.5x
Sun, 07 Jul 2024R$85.1bR$33.7bR$4.3b16.1x19.8x2.5x
Tue, 04 Jun 2024R$82.8bR$33.7bR$4.3b15.5x19.3x2.5x
Thu, 02 May 2024R$77.9bR$34.3bR$3.7b42.5x21.3x2.3x
Sat, 30 Mar 2024R$79.8bR$34.3bR$4.3b31.5x18.6x2.3x
Mon, 26 Feb 2024R$80.9bR$34.1bR$4.3b33.1x18.8x2.4x
Wed, 24 Jan 2024R$81.2bR$33.6bR$6.6b22.8x12.2x2.4x
Fri, 22 Dec 2023R$87.0bR$33.6bR$6.6b22.5x13.1x2.6x
Sun, 19 Nov 2023R$84.9bR$33.6bR$6.7b24.4x12.8x2.5x
Tue, 17 Oct 2023R$79.3bR$32.7bR$7.8b19.2x10.1x2.4x
Thu, 14 Sep 2023R$84.0bR$32.7bR$7.8b20.3x10.7x2.6x
Sat, 12 Aug 2023R$84.8bR$31.6bR$7.8b21.2x10.9x2.7x
Mon, 10 Jul 2023R$87.8bR$31.6bR$7.2b39.8x12.2x2.8x
Wed, 07 Jun 2023R$83.4bR$31.6bR$7.2b38.6x11.6x2.6x
Fri, 05 May 2023R$83.0bR$29.6bR$6.7b20.7x12.4x2.8x
Sun, 02 Apr 2023R$77.8bR$29.6bR$6.7b17.2x11.6x2.6x
Tue, 28 Feb 2023R$78.4bR$27.2bR$6.5b12x12x2.9x
Thu, 26 Jan 2023R$81.0bR$26.1bR$4.2b17.7x19.5x3.1x
Sat, 24 Dec 2022R$79.8bR$26.1bR$4.2b17.3x19.2x3.1x
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 18.4x202320242025
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 48.9x which is higher than its 3-year average PE of 18.4x.
  • The 3-year average PS ratio of 2.4x 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 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 Market-0.58%
Utilities-0.15%
Renewable Energy0.93%
Independent Power Producers and Energy Traders1.51%
Renewable Energy0.49%
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 58.2x.
    • Analysts are expecting annual earnings growth of 38.4%, 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 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 38% 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 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$20.231.5%
+R$574.7m		76.2%PE1138.7x
EGIE3 Engie Brasil EnergiaR$30.310.6%
+R$194.2m		13.4%PE11.4x
RIOS3 Rio Alto Energias RenováveisR$35.002.9%
+R$68.3m		n/aPS10.7x

Latest News

ENEV3
R$20.23
Eneva
7D
1.5%
1Y
76.2%

ENEV3: Higher Multiple And Softer Margins Will Shape Balanced Outlook

Analysts have raised their price target for Eneva from R$17.01 to R$20.35, citing modest improvements in expected revenue trends, a slightly lower discount rate, and a higher future P/E multiple despite a marginally softer projected profit margin. Valuation Changes Fair Value: Raised from R$17.01 to R$20.35, representing a moderate upward revision in the estimated intrinsic value.
AURE3
R$12.15
Auren Energia
7D
-1.1%
1Y
33.4%

AURE3: Future Outlook Will Reflect Lower Margins While Maintaining Balanced Risk Profile

Analysts have trimmed their price target on Auren Energia, citing softer long term revenue growth and profit margin expectations, even as a modestly lower discount rate and higher projected future valuation multiples partially offset the downside. Valuation Changes Fair Value: Unchanged at R$11.78 per share.
RNEW3
R$0.87
Renova Energia
7D
-4.4%
1Y
-53.2%
RIOS3
R$35.00
Rio Alto Energias Renováveis
7D
2.9%
1Y
n/a
EGIE3
R$30.31
Engie Brasil Energia
7D
0.6%
1Y
13.4%

EGIE3: Dividend Prospects Will Face Pressure From Higher Risk Levels

Analysts have revised Engie Brasil Energia's fair value estimate sharply downward, from R$39.76 to R$28.47. This adjustment is due to shifting electricity prices and a more cautious outlook on future revenue growth and dividend potential.