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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies20
  • 7D0.3%
  • 3M-17.5%
  • 1Y-10.0%
  • YTD-7.7%

Last week, the Renewable Energy industry hasn't moved much but Innergex Renewable Energy is up 4.1% in that time. Unfortunately though, the industry is down 10.0% over the past 12 months. 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
Wed, 30 Nov 2022CA$63.2bCA$21.8bCA$1.6b29.7x39.6x2.9x
Fri, 28 Oct 2022CA$63.1bCA$20.7bCA$684.5m29.7x92.2x3x
Sun, 25 Sep 2022CA$72.9bCA$20.8bCA$685.2m33.7x106.4x3.5x
Tue, 23 Aug 2022CA$77.7bCA$20.3bCA$675.6m37.7x115x3.8x
Thu, 21 Jul 2022CA$73.1bCA$19.2b-CA$136,681,947.0034.9x-534.6x3.8x
Sat, 18 Jun 2022CA$66.7bCA$19.3b-CA$141,258,770.0033.5x-472.2x3.4x
Mon, 16 May 2022CA$68.0bCA$19.2b-CA$149,758,769.0036.2x-454.3x3.5x
Wed, 13 Apr 2022CA$72.9bCA$18.5bCA$467.5m43.8x155.9x3.9x
Fri, 11 Mar 2022CA$75.9bCA$18.6bCA$498.9m44.1x152.2x4.1x
Sun, 06 Feb 2022CA$63.6bCA$18.6bCA$361.1m21.5x176.1x3.4x
Tue, 04 Jan 2022CA$68.4bCA$17.9b-CA$1,730,044,556.0033.4x-39.6x3.8x
Thu, 02 Dec 2021CA$69.1bCA$17.9b-CA$1,728,444,210.0021.8x-40x3.9x
Sat, 30 Oct 2021CA$74.1bCA$17.1b-CA$3,113,133,747.0011.7x-23.8x4.3x
Mon, 27 Sep 2021CA$73.4bCA$17.3b-CA$3,189,394,773.0010.9x-23x4.2x
Wed, 25 Aug 2021CA$76.4bCA$17.1b-CA$3,133,199,753.7620x-24.4x4.5x
Thu, 01 Jul 2021CA$73.3bCA$17.1b-CA$3,133,199,753.7619.7x-23.4x4.3x
Sun, 04 Apr 2021CA$77.5bCA$16.9b-CA$3,957,360,773.3217.3x-19.6x4.6x
Wed, 06 Jan 2021CA$84.5bCA$17.0b-CA$3,558,572,420.6019.2x-23.7x5x
Sat, 10 Oct 2020CA$67.4bCA$17.3b-CA$1,297,997,391.1521.8x-52x3.9x
Fri, 03 Jul 2020CA$38.9bCA$13.3bCA$264.2m18.2x147.2x2.9x
Mon, 06 Apr 2020CA$35.2bCA$14.0bCA$405.4m14.9x86.8x2.5x
Thu, 09 Jan 2020CA$35.4bCA$12.8bCA$454.4m35.3x77.9x2.8x
Price to Earnings Ratio

60.9x


Total Market Cap: CA$35.6bTotal Earnings: CA$584.6mTotal Revenue: CA$12.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -5.1x202020212022
Current Industry PE
  • Investors are optimistic on the Canadian Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.6x which is higher than its 3-year average PE of -5.1x.
  • The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market0.22%
Utilities0.28%
Renewable Energy0.29%
Renewable Energy0.34%
Independent Power Producers and Energy Traders-0.025%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 80.8x.
    • Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings decline of 0.5% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 4.2% 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
INE Innergex Renewable EnergyCA$16.394.1%
+CA$132.7m
-13.6%PS3.8x
CPX Capital PowerCA$45.172.0%
+CA$101.7m
18.6%PE41.6x
RNW TransAlta RenewablesCA$14.151.7%
+CA$61.4m
-23.7%PE49x
NPI Northland PowerCA$37.640.3%
+CA$27.0m
-1.6%PE14.4x
BLX BoralexCA$36.920.7%
+CA$24.7m
1.8%PE115x
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Latest News

JPWR.UN

CA$3.27

Jade Power Trust

7D

2.2%

1Y

33.5%

TA

CA$12.27

TransAlta

7D

-2.7%

1Y

-5.5%

SOLR

CA$0.08

Solar Alliance Energy

7D

-5.9%

1Y

-48.4%

REVV

CA$0.45

ReVolve Renewable Power

7D

-4.3%

1Y

n/a

BEPC

CA$42.62

Brookfield Renewable

7D

-0.1%

1Y

-10.3%

NPI

CA$37.64

Northland Power

7D

0.3%

1Y

-1.6%

RNW

CA$14.15

TransAlta Renewables

7D

1.7%

1Y

-23.7%

CH

CA$0.15

CHARBONE Hydrogen

7D

-11.4%

1Y

n/a

ARR

CA$9.40

Altius Renewable Royalties

7D

-0.4%

1Y

-17.4%

RE

CA$0.72

RE Royalties

7D

-4.0%

1Y

-30.1%

CPX

CA$45.17

Capital Power

7D

2.0%

1Y

18.6%

INE

CA$16.39

Innergex Renewable Energy

7D

4.1%

1Y

-13.6%

NKW.H

CA$0.05

Oceanic Wind Energy

7D

0%

1Y

-60.0%

MXG

CA$3.40

Maxim Power

7D

-6.6%

1Y

-9.1%