Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJul 25, 2025
DataAggregated Company Financials
Companies13
  • 7D1.5%
  • 3M20.0%
  • 1Y19.0%
  • YTD5.8%

Over the last 7 days, the Renewable Energy industry has risen 1.5%, driven by gains from Capital Power of 4.8%. This means that the industry has gained 19% over the past year. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 25 Jul 2025CA$49.8bCA$17.6bCA$267.1m17.6x186.4x2.8x
Sun, 22 Jun 2025CA$48.8bCA$18.7bCA$302.2m19.4x161.5x2.6x
Tue, 20 May 2025CA$46.7bCA$18.9bCA$288.9m19.9x161.5x2.5x
Thu, 17 Apr 2025CA$40.9bCA$19.1bCA$685.8m18.1x59.6x2.1x
Sat, 15 Mar 2025CA$43.9bCA$19.4bCA$664.4m18.6x66x2.3x
Mon, 10 Feb 2025CA$42.1bCA$19.6b-CA$101,592,581.8218.3x-414.1x2.1x
Wed, 08 Jan 2025CA$41.8bCA$19.5bCA$62.8m20.8x665.5x2.1x
Fri, 06 Dec 2024CA$57.4bCA$25.9b-CA$1,711,017,303.3519.9x-33.5x2.2x
Sun, 03 Nov 2024CA$55.8bCA$25.8bCA$1.9b13.9x29.4x2.2x
Tue, 01 Oct 2024CA$58.6bCA$25.5bCA$2.0b13.5x29.9x2.3x
Thu, 29 Aug 2024CA$52.2bCA$25.4bCA$2.0b12x26.7x2.1x
Sat, 27 Jul 2024CA$51.1bCA$25.4bCA$2.8b7.7x18.2x2x
Mon, 24 Jun 2024CA$51.6bCA$25.2bCA$2.8b7.9x18.5x2x
Wed, 22 May 2024CA$54.3bCA$25.2bCA$2.8b7.9x19.5x2.2x
Fri, 19 Apr 2024CA$43.4bCA$25.1bCA$894.4m11.8x48.5x1.7x
Sun, 17 Mar 2024CA$46.1bCA$24.9bCA$897.8m11.7x51.3x1.8x
Tue, 13 Feb 2024CA$47.7bCA$24.8bCA$1.1b15.7x42x1.9x
Thu, 11 Jan 2024CA$56.8bCA$24.7bCA$3.4b16.8x16.5x2.3x
Sat, 09 Dec 2023CA$53.8bCA$24.9bCA$3.5b15.1x15.5x2.2x
Mon, 06 Nov 2023CA$50.8bCA$25.0bCA$3.5b15.9x14.5x2x
Wed, 04 Oct 2023CA$47.0bCA$24.2bCA$1.7b17.2x27.4x1.9x
Fri, 01 Sep 2023CA$56.0bCA$24.1bCA$1.7b17.2x32.8x2.3x
Sun, 30 Jul 2023CA$60.5bCA$23.8bCA$2.8b24.6x21.8x2.5x
Tue, 27 Jun 2023CA$60.0bCA$23.7bCA$2.8b23.9x21.8x2.5x
Thu, 25 May 2023CA$63.8bCA$24.1bCA$2.8b20x22.8x2.6x
Sat, 22 Apr 2023CA$64.9bCA$22.6bCA$2.7b45.3x24.1x2.9x
Mon, 20 Mar 2023CA$61.8bCA$22.8bCA$2.7b43.2x22.8x2.7x
Wed, 15 Feb 2023CA$59.0bCA$21.8bCA$2.6b25.2x23.1x2.7x
Fri, 13 Jan 2023CA$61.3bCA$21.6bCA$1.6b27x38.7x2.8x
Sun, 11 Dec 2022CA$63.3bCA$21.8bCA$1.6b42.2x39.6x2.9x
Tue, 08 Nov 2022CA$63.8bCA$21.4bCA$960.2m21x66.4x3x
Thu, 06 Oct 2022CA$68.7bCA$20.9bCA$688.3m31.5x99.8x3.3x
Sat, 03 Sep 2022CA$75.5bCA$20.4bCA$674.1m36.6x112x3.7x
Mon, 01 Aug 2022CA$75.2bCA$19.2b-CA$140,007,584.0037x-536.9x3.9x
Price to Earnings Ratio

-536.9x


Total Market Cap: CA$75.2bTotal Earnings: -CA$140,007,584.00Total Revenue: CA$19.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 48.5x202320242025
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 186x which is higher than its 3-year average PE of 48.5x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 2.8% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

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

CA Market0.20%
Utilities1.89%
Renewable Energy1.52%
Independent Power Producers and Energy Traders3.38%
Renewable Energy0.73%
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 12.6x.
    • Analysts are expecting annual earnings growth of 7.9%, which is higher than its past year's earnings decline of 52.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 62% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 7.9% 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
CPX Capital PowerCA$61.944.8%
+CA$435.8m		52.3%PE15.6x
TA TransAltaCA$16.811.1%
+CA$53.4m		65.9%PE4983.3x

Latest News

NPI
CA$22.96
Northland Power
7D
-0.6%
1Y
-0.5%
CPX
CA$61.94
Capital Power
7D
4.8%
1Y
52.3%
BLX
CA$31.59
Boralex
7D
-0.7%
1Y
-3.9%
MXG
CA$4.53
Maxim Power
7D
-1.1%
1Y
10.8%
TA
CA$16.81
TransAlta
7D
1.1%
1Y
65.9%
REVV
CA$0.26
ReVolve Renewable Power
7D
-8.9%
1Y
-27.1%
PIF
CA$12.14
Polaris Renewable Energy
7D
-1.4%
1Y
-4.2%
WEB
CA$0.66
Westbridge Renewable Energy
7D
-4.3%
1Y
-24.1%
NUE
CA$0.14
NU E Power
7D
-6.5%
1Y
n/a
CBLU
CA$0.08
Clear Blue Technologies International
7D
-5.9%
1Y
-75.8%