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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.2%
  • 3M-2.1%
  • 1Y18.7%
  • YTD15.2%

Over the last 7 days, the Renewable Energy industry has dropped 1.2%, driven by a pullback from Capital Power of 4.6%. This takes the industry's 12 month performance to a gain of 19%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026CA$57.3bCA$19.0b-CA$258,538,732.7657.4x-221.5x3x
Sun, 05 Jul 2026CA$60.8bCA$18.7b-CA$368,259,901.12267.6x-165.1x3.2x
Tue, 02 Jun 2026CA$62.6bCA$18.5b-CA$365,198,482.92254.2x-171.4x3.4x
Thu, 30 Apr 2026CA$57.6bCA$18.3b-CA$145,339,686.53230.1x-396.1x3.1x
Sat, 28 Mar 2026CA$56.0bCA$18.4b-CA$115,182,577.5064.1x-485.8x3x
Mon, 23 Feb 2026CA$52.5bCA$18.0b-CA$139,373,247.9212.2x-376.5x2.9x
Wed, 21 Jan 2026CA$48.0bCA$17.9b-CA$626,049,671.003.1x-76.7x2.7x
Fri, 19 Dec 2025CA$46.2bCA$17.9b-CA$624,083,569.353.2x-74x2.6x
Sun, 16 Nov 2025CA$50.3bCA$18.0b-CA$616,083,936.0716.5x-81.7x2.8x
Tue, 14 Oct 2025CA$52.0bCA$17.6b-CA$394,009,386.607.1x-132x3x
Thu, 11 Sep 2025CA$46.5bCA$17.5b-CA$388,072,654.788.2x-119.7x2.7x
Sat, 09 Aug 2025CA$46.8bCA$17.5b-CA$53,992,578.6620.8x-867.2x2.7x
Mon, 07 Jul 2025CA$49.3bCA$18.6bCA$308.6m19.8x159.8x2.6x
Wed, 04 Jun 2025CA$46.0bCA$18.7bCA$303.3m18.4x151.6x2.5x
Fri, 02 May 2025CA$43.1bCA$19.0bCA$634.6m18.2x67.9x2.3x
Sun, 30 Mar 2025CA$43.5bCA$19.4bCA$668.3m19.3x65.2x2.2x
Tue, 25 Feb 2025CA$43.6bCA$19.6bCA$55.4m21.9x787.7x2.2x
Thu, 23 Jan 2025CA$38.6bCA$19.5bCA$61.9m19.9x623.7x2x
Sat, 21 Dec 2024CA$54.8bCA$26.3b-CA$1,765,466,838.2720.7x-31.1x2.1x
Mon, 18 Nov 2024CA$56.1bCA$26.0b-CA$1,712,710,611.9014.4x-32.8x2.2x
Wed, 16 Oct 2024CA$55.5bCA$25.7bCA$2.0b13x28.1x2.2x
Fri, 13 Sep 2024CA$52.8bCA$25.5bCA$2.0b12.6x26.9x2.1x
Sun, 11 Aug 2024CA$51.8bCA$25.7bCA$1.7b9.2x29.8x2x
Tue, 09 Jul 2024CA$51.9bCA$25.2bCA$2.8b7.9x18.7x2.1x
Thu, 06 Jun 2024CA$55.1bCA$25.2bCA$2.8b8.1x19.8x2.2x
Sat, 04 May 2024CA$48.8bCA$24.9bCA$651.4m7.7x74.9x2x
Mon, 01 Apr 2024CA$46.7bCA$24.9bCA$898.9m13.1x52x1.9x
Wed, 28 Feb 2024CA$46.2bCA$24.8bCA$578.8m28.2x79.7x1.9x
Fri, 26 Jan 2024CA$54.4bCA$24.8bCA$3.5b16.6x15.7x2.2x
Sun, 24 Dec 2023CA$55.3bCA$24.6bCA$3.4b16.1x16.1x2.2x
Tue, 21 Nov 2023CA$52.9bCA$25.0bCA$3.5b26.6x15.1x2.1x
Thu, 19 Oct 2023CA$47.6bCA$24.3bCA$1.7b17.3x27.7x2x
Sat, 16 Sep 2023CA$55.0bCA$24.1bCA$1.7b20x32.2x2.3x
Mon, 14 Aug 2023CA$56.4bCA$24.0bCA$1.7b16.7x33.2x2.4x
Price to Earnings Ratio

33.2x


Total Market Cap: CA$56.4bTotal Earnings: CA$1.7bTotal Revenue: CA$24.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -41.5x202420252026
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 3.0x.
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 7.5% per year, which is driving profits down.

Industry Trends

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

CA Market1.14%
Utilities-3.01%
Renewable Energy-1.17%
Renewable Energy0.022%
Independent Power Producers and Energy Traders-4.06%
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.
    • Analysts are expecting annual earnings growth of 51.0%, which is higher than its past year's earnings decline of 42.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 9.4% 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
PIF Polaris Renewable EnergyCA$15.453.1%
+CA$9.8m		23.0%PE57.4x
WEB Westbridge Renewable EnergyCA$0.9314.8%
+CA$3.2m		-61.9%PB0.7x
REVV ReVolve Renewable PowerCA$0.182.9%
+CA$419.2k		-25.0%PS3.9x
NUE NU E PowerCA$0.153.4%
+CA$329.8k		25.0%PS16.2x

Latest News

PIF
CA$15.45
Polaris Renewable Energy
7D
3.1%
1Y
23.0%
TA
CA$17.48
TransAlta
7D
-3.1%
1Y
5.9%
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Industry Analysts Just Made A Substantial Upgrade To Their TransAlta Corporation (TSE:TA) Revenue Forecasts

Celebrations may be in order for TransAlta Corporation ( TSE:TA ) shareholders, with the analysts delivering a...
CPX
CA$64.58
Capital Power
7D
-4.6%
1Y
9.3%
NPI
CA$21.28
Northland Power
7D
-2.4%
1Y
-4.8%
BLX
CA$37.10
Boralex
7D
-0.08%
1Y
21.2%
NUE
CA$0.15
NU E Power
7D
3.4%
1Y
25.0%
REVV
CA$0.18
ReVolve Renewable Power
7D
2.9%
1Y
-25.0%
MXG
CA$4.12
Maxim Power
7D
-1.7%
1Y
-15.7%
RE
CA$0.39
RE Royalties
7D
-1.3%
1Y
-12.5%
WEB
CA$0.93
Westbridge Renewable Energy
7D
14.8%
1Y
-61.9%
NKW.H
CA$0.07
Oceanic Wind Energy
7D
-36.4%
1Y
-6.7%
AKH.H
CA$0.025
Alaska Hydro
7D
-16.7%
1Y
0%