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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedSep 21, 2026
DataAggregated Company Financials
Companies9
  • 7D2.5%
  • 3M-14.9%
  • 1Y6.5%
  • YTD6.8%

Over the last 7 days, the Renewable Energy industry has risen 2.5%, driven by gains from Northland Power of 5.6%. This means that the industry has gained 6.5% over the past year. In the next few years, earnings are forecast to decline by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Sep 2026CA$49.9bCA$18.0b-CA$226,218,096.9252.1x-220.7x2.8x
Wed, 19 Aug 2026CA$55.0bCA$18.0b-CA$228,906,563.1755.4x-240.3x3.1x
Fri, 17 Jul 2026CA$58.9bCA$18.6b-CA$345,159,489.60261.3x-170.7x3.2x
Sun, 14 Jun 2026CA$60.1bCA$18.6b-CA$368,019,726.76256.7x-163.3x3.2x
Tue, 12 May 2026CA$58.2bCA$18.2b-CA$350,542,626.01453.6x-165.9x3.2x
Thu, 09 Apr 2026CA$58.1bCA$18.4b-CA$145,073,037.98245.8x-400.5x3.2x
Sat, 07 Mar 2026CA$51.3bCA$18.3b-CA$119,428,231.0459.4x-429.3x2.8x
Mon, 02 Feb 2026CA$49.2bCA$20.1b-CA$152,488,482.2212.3x-322.4x2.4x
Wed, 31 Dec 2025CA$46.2bCA$17.8b-CA$620,985,355.433.3x-74.3x2.6x
Fri, 28 Nov 2025CA$48.6bCA$18.0b-CA$615,443,840.5513.5x-78.9x2.7x
Sun, 26 Oct 2025CA$55.5bCA$17.6b-CA$399,326,791.5212.6x-139.1x3.2x
Tue, 23 Sep 2025CA$47.6bCA$17.5b-CA$386,257,326.408.2x-123.4x2.7x
Thu, 21 Aug 2025CA$46.9bCA$17.5b-CA$388,611,520.588.3x-120.6x2.7x
Sat, 19 Jul 2025CA$51.3bCA$18.7bCA$302.9m18.9x169.3x2.7x
Mon, 16 Jun 2025CA$49.2bCA$18.6bCA$309.7m19.5x158.9x2.6x
Wed, 14 May 2025CA$45.5bCA$19.0bCA$325.0m18.6x140.1x2.4x
Fri, 11 Apr 2025CA$41.7bCA$19.2bCA$681.4m18x61.2x2.2x
Sun, 09 Mar 2025CA$43.6bCA$19.4bCA$664.1m19.2x65.7x2.2x
Tue, 04 Feb 2025CA$42.3bCA$19.8b-CA$114,752,040.0418.8x-368.7x2.1x
Thu, 02 Jan 2025CA$55.5bCA$26.3b-CA$1,767,376,638.1120.3x-31.4x2.1x
Sat, 30 Nov 2024CA$59.2bCA$25.9b-CA$1,698,687,476.5419.1x-34.8x2.3x
Mon, 28 Oct 2024CA$58.9bCA$25.9bCA$2.0b13.8x29.7x2.3x
Wed, 25 Sep 2024CA$56.3bCA$25.4bCA$2.0b13.2x28.8x2.2x
Fri, 23 Aug 2024CA$51.0bCA$25.6bCA$2.0b11.6x26x2x
Sun, 21 Jul 2024CA$50.7bCA$25.3bCA$2.8b7.6x18.2x2x
Tue, 18 Jun 2024CA$53.1bCA$25.2bCA$2.8b8x19x2.1x
Thu, 16 May 2024CA$52.3bCA$25.0bCA$2.7b7.9x19.1x2.1x
Sat, 13 Apr 2024CA$44.9bCA$25.1bCA$894.2m11.7x50.2x1.8x
Mon, 11 Mar 2024CA$48.4bCA$24.8bCA$872.1m27.7x55.5x1.9x
Wed, 07 Feb 2024CA$49.1bCA$24.9bCA$1.1b16x43.2x2x
Fri, 05 Jan 2024CA$54.6bCA$24.7bCA$3.4b15.9x15.9x2.2x
Sun, 03 Dec 2023CA$54.1bCA$24.8bCA$3.5b15.2x15.7x2.2x
Tue, 31 Oct 2023CA$48.2bCA$24.4bCA$1.7b16.8x28x2x
Thu, 28 Sep 2023CA$51.7bCA$24.1bCA$1.7b18.2x30.3x2.1x
Price to Earnings Ratio

30.3x


Total Market Cap: CA$51.7bTotal Earnings: CA$1.7bTotal Revenue: CA$24.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -52.2x202420252026
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 2.5x is lower than the industry's current PS ratio of 2.8x.
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 9.2% per year, which is driving profits down.

Industry Trends

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

CA Market0.25%
Utilities1.76%
Renewable Energy2.53%
Independent Power Producers and Energy Traders3.55%
Renewable Energy2.08%
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 53.8%, which is higher than its past year's earnings decline of 52.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 53% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 51% 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$61.383.1%
+CA$292.2m		-6.1%PE87.7x
TA TransAltaCA$17.124.5%
+CA$230.9m		-10.6%PS2.4x
NPI Northland PowerCA$21.963.9%
+CA$214.4m		-2.3%PS2.3x
REVV ReVolve Renewable PowerCA$0.2225.7%
+CA$3.8m		2.3%PS4.8x
MXG Maxim PowerCA$4.161.0%
+CA$2.5m		-8.6%PE27x

Latest News

NPI
CA$21.96
Northland Power
7D
3.9%
1Y
-2.3%
New Narrative • Sep 19

Offshore Wind And Battery Storage Expansion Will Reshape Long Term Earnings Potential

Catalysts About Northland Power Northland Power develops, builds and operates renewable power, natural gas power and battery storage assets in Canada, Europe and Asia. What are the underlying business or industry changes driving this perspective?
RESO
CA$0.08
ReSolve Energie
7D
-20.0%
1Y
n/a
TA
CA$17.12
TransAlta
7D
4.5%
1Y
-10.6%
REVV
CA$0.22
ReVolve Renewable Power
7D
25.7%
1Y
2.3%
NUE
CA$0.14
NU E Power
7D
8.0%
1Y
-3.6%
RE
CA$0.37
RE Royalties
7D
-1.3%
1Y
-2.6%
CBLU
CA$0.035
Clear Blue Technologies International
7D
-12.5%
1Y
-30.0%
OEG.H
CA$0.05
ONEnergy
7D
-52.4%
1Y
n/a
CPX
CA$61.38
Capital Power
7D
3.1%
1Y
-6.1%
MXG
CA$4.16
Maxim Power
7D
1.0%
1Y
-8.6%
PIF
CA$14.00
Polaris Renewable Energy
7D
0.3%
1Y
2.6%
WEB
CA$1.00
Westbridge Renewable Energy
7D
-6.1%
1Y
-65.0%
NKW.H
CA$0.095
Oceanic Wind Energy
7D
5.6%
1Y
5.6%