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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedOct 31, 2025
DataAggregated Company Financials
Companies12
  • 7D2.9%
  • 3M19.7%
  • 1Y21.4%
  • YTD21.1%

Over the last 7 days, the Renewable Energy industry has risen 5.3%, driven by gains from TransAlta of 2.3%. This means that the industry has gained 24% over the past year. Earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Oct 2025CA$57.0bCA$17.9b-CA$403,368,322.964x-141.4x3.2x
Sun, 28 Sep 2025CA$49.1bCA$17.6b-CA$391,182,164.647.5x-125.4x2.8x
Tue, 26 Aug 2025CA$47.0bCA$17.5b-CA$387,995,211.748.7x-121x2.7x
Thu, 24 Jul 2025CA$49.0bCA$17.6bCA$269.4m17.7x181.9x2.8x
Sat, 21 Jun 2025CA$48.8bCA$18.7bCA$302.2m19.4x161.5x2.6x
Mon, 19 May 2025CA$46.7bCA$18.9bCA$288.9m19.9x161.5x2.5x
Wed, 16 Apr 2025CA$41.0bCA$19.2bCA$681.8m18.2x60.2x2.1x
Fri, 14 Mar 2025CA$44.5bCA$19.5bCA$661.6m19x67.2x2.3x
Sun, 09 Feb 2025CA$42.1bCA$19.6b-CA$101,592,581.8218.3x-414.1x2.1x
Tue, 07 Jan 2025CA$41.5bCA$19.5bCA$63.7m20.4x650.7x2.1x
Thu, 05 Dec 2024CA$58.0bCA$26.0b-CA$1,716,852,207.2019.9x-33.8x2.2x
Sat, 02 Nov 2024CA$56.7bCA$25.8bCA$1.9b13.9x29.9x2.2x
Mon, 30 Sep 2024CA$58.6bCA$25.5bCA$2.0b13.6x29.9x2.3x
Wed, 28 Aug 2024CA$52.0bCA$25.4bCA$2.0b12.1x26.7x2x
Fri, 26 Jul 2024CA$51.7bCA$25.3bCA$2.8b7.6x18.4x2x
Sun, 23 Jun 2024CA$51.6bCA$25.2bCA$2.8b7.9x18.5x2x
Tue, 21 May 2024CA$54.3bCA$25.1bCA$2.8b7.9x19.6x2.2x
Thu, 18 Apr 2024CA$42.8bCA$25.1bCA$894.3m11.5x47.9x1.7x
Sat, 16 Mar 2024CA$46.0bCA$24.9bCA$897.8m11.7x51.3x1.8x
Mon, 12 Feb 2024CA$47.3bCA$24.8bCA$1.1b15.4x41.7x1.9x
Wed, 10 Jan 2024CA$56.8bCA$24.7bCA$3.4b16.6x16.5x2.3x
Fri, 08 Dec 2023CA$54.4bCA$24.9bCA$3.5b15.2x15.7x2.2x
Sun, 05 Nov 2023CA$50.8bCA$25.0bCA$3.5b15.9x14.5x2x
Tue, 03 Oct 2023CA$49.1bCA$24.2bCA$1.7b17.7x28.6x2x
Thu, 31 Aug 2023CA$56.7bCA$24.1bCA$1.7b17.5x33.2x2.4x
Sat, 29 Jul 2023CA$60.5bCA$23.8bCA$2.8b24.6x21.8x2.5x
Mon, 26 Jun 2023CA$59.8bCA$23.7bCA$2.8b23.8x21.6x2.5x
Wed, 24 May 2023CA$64.9bCA$24.0bCA$2.8b20.2x23.2x2.7x
Fri, 21 Apr 2023CA$64.0bCA$22.5bCA$2.7b44.8x23.9x2.8x
Sun, 19 Mar 2023CA$61.8bCA$22.8bCA$2.7b43.2x22.8x2.7x
Tue, 14 Feb 2023CA$58.6bCA$21.8bCA$2.6b25.2x23x2.7x
Thu, 12 Jan 2023CA$60.9bCA$21.6bCA$1.6b26.9x38.4x2.8x
Sat, 10 Dec 2022CA$63.3bCA$21.8bCA$1.6b42.2x39.6x2.9x
Mon, 07 Nov 2022CA$63.9bCA$21.4bCA$961.4m21x66.4x3x
Price to Earnings Ratio

66.4x


Total Market Cap: CA$63.9bTotal Earnings: CA$961.4mTotal Revenue: CA$21.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 30.9x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Renewable Energy industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 6.0% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Canadian Utilities industry?

CA Market-0.46%
Utilities-0.78%
Renewable Energy2.87%
Renewable Energy4.20%
Independent Power Producers and Energy Traders0.26%
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 21.2x.
    • Analysts are expecting annual earnings growth of 63.7%, which is higher than its past year's earnings decline of 39.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings decline of 40% 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
TA TransAltaCA$24.662.3%
+CA$163.0m		69.4%PS2.9x
NPI Northland PowerCA$25.350.8%
+CA$52.3m		19.8%PS3x
BLX BoralexCA$28.161.3%
+CA$37.0m		-15.9%PS3.5x
MXG Maxim PowerCA$4.670.6%
+CA$1.9m		11.7%PE21.1x
NUE NU E PowerCA$0.176.1%
+CA$665.3k		-63.9%PS58.5x

Latest News

CPX
CA$70.21
Capital Power
7D
-1.0%
1Y
24.3%
BLX
CA$28.16
Boralex
7D
1.3%
1Y
-15.9%
TA
CA$24.66
TransAlta
7D
2.3%
1Y
69.4%

Share Buybacks and Expanding Demand Will Shape Renewable Outlook

TransAlta's analyst price target has been revised upward from $19.77 to $22.82. Analysts cite improved revenue growth expectations and a slight decrease in the perceived discount rate as key drivers of this increase.
REVV
CA$0.18
ReVolve Renewable Power
7D
-5.3%
1Y
-39.0%
NUE
CA$0.17
NU E Power
7D
6.1%
1Y
-63.9%
NPI
CA$25.35
Northland Power
7D
0.8%
1Y
19.8%
WEB
CA$2.60
Westbridge Renewable Energy
7D
-3.7%
1Y
-19.8%
NKW.H
CA$0.075
Oceanic Wind Energy
7D
7.1%
1Y
36.4%
CBLU
CA$0.05
Clear Blue Technologies International
7D
-9.1%
1Y
-44.4%
RE
CA$0.29
RE Royalties
7D
-3.3%
1Y
-38.9%
MXG
CA$4.67
Maxim Power
7D
0.6%
1Y
11.7%
SOLR
CA$0.02
Solar Alliance Energy
7D
-20.0%
1Y
-55.6%
PIF
CA$13.01
Polaris Renewable Energy
7D
-6.7%
1Y
8.4%