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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies13
  • 7D5.4%
  • 3M16.8%
  • 1Y39.9%
  • YTD18.5%

In the last week, the Renewable Energy industry is up 5.4%, with Capital Power up 6.0%. This means that the industry has gained 40% over the past year. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 May 2026CA$57.3bCA$18.2b-CA$360,573,008.97494.7x-159x3.1x
Sun, 05 Apr 2026CA$58.6bCA$18.5b-CA$144,530,811.81240.2x-405.5x3.2x
Tue, 03 Mar 2026CA$53.0bCA$18.0b-CA$19,838,564.8512.7x-2673.5x2.9x
Thu, 29 Jan 2026CA$49.1bCA$17.8b-CA$616,743,906.9915.7x-79.7x2.8x
Sat, 27 Dec 2025CA$46.9bCA$17.8b-CA$619,902,301.363.3x-75.6x2.6x
Mon, 24 Nov 2025CA$48.7bCA$18.1b-CA$618,559,531.9113.9x-78.7x2.7x
Wed, 22 Oct 2025CA$55.0bCA$17.6b-CA$394,665,163.127.1x-139.4x3.1x
Fri, 19 Sep 2025CA$47.3bCA$17.5b-CA$385,097,774.537.6x-122.8x2.7x
Sun, 17 Aug 2025CA$46.3bCA$17.5b-CA$385,910,242.458.9x-119.9x2.6x
Tue, 15 Jul 2025CA$49.2bCA$18.7bCA$304.3m19.8x161.5x2.6x
Thu, 12 Jun 2025CA$49.1bCA$18.7bCA$305.8m19.9x160.6x2.6x
Sat, 10 May 2025CA$44.2bCA$19.0bCA$325.1m17.9x135.9x2.3x
Mon, 07 Apr 2025CA$39.9bCA$19.3bCA$671.6m18.2x59.4x2.1x
Wed, 05 Mar 2025CA$43.7bCA$19.5bCA$660.1m18.7x66.2x2.2x
Fri, 31 Jan 2025CA$35.1bCA$19.5bCA$58.5m19.7x599.9x1.8x
Sun, 29 Dec 2024CA$55.9bCA$26.4b-CA$1,772,927,119.7421.1x-31.6x2.1x
Tue, 26 Nov 2024CA$56.5bCA$25.9b-CA$1,695,354,516.1715.4x-33.3x2.2x
Thu, 24 Oct 2024CA$60.0bCA$25.8bCA$2.0b14.1x30.3x2.3x
Sat, 21 Sep 2024CA$54.9bCA$25.5bCA$2.0b12.8x28x2.2x
Mon, 19 Aug 2024CA$51.8bCA$25.6bCA$2.0b11.7x26.3x2x
Wed, 17 Jul 2024CA$53.6bCA$25.2bCA$2.8b8.2x19.3x2.1x
Fri, 14 Jun 2024CA$53.7bCA$25.3bCA$2.8b8.3x19.2x2.1x
Sun, 12 May 2024CA$53.6bCA$25.1bCA$2.8b7.7x19.5x2.1x
Tue, 09 Apr 2024CA$45.7bCA$24.9bCA$898.2m11.8x50.8x1.8x
Thu, 07 Mar 2024CA$46.1bCA$24.8bCA$871.5m27x52.9x1.9x
Sat, 03 Feb 2024CA$53.5bCA$26.5bCA$1.2b29.4x43.6x2x
Mon, 01 Jan 2024CA$54.8bCA$24.6bCA$3.4b16x16x2.2x
Wed, 29 Nov 2023CA$51.9bCA$24.9bCA$3.5b15.1x15x2.1x
Fri, 27 Oct 2023CA$48.5bCA$24.4bCA$1.7b16.7x28.2x2x
Sun, 24 Sep 2023CA$54.7bCA$24.0bCA$1.7b19.6x32.1x2.3x
Tue, 22 Aug 2023CA$56.5bCA$24.1bCA$1.7b16.3x33.1x2.3x
Thu, 20 Jul 2023CA$61.2bCA$23.7bCA$2.8b24.5x22.2x2.6x
Sat, 17 Jun 2023CA$60.2bCA$23.7bCA$2.8b24.8x21.8x2.5x
Mon, 15 May 2023CA$65.1bCA$24.1bCA$2.8b20.4x23.3x2.7x
Price to Earnings Ratio

23.3x


Total Market Cap: CA$65.1bTotal Earnings: CA$2.8bTotal Revenue: CA$24.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -25.2x202420252026
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 2.4x is lower than the industry's current PS ratio of 3.1x.
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 8.8% per year, which is driving profits down.

Industry Trends

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

CA Market2.31%
Utilities1.60%
Renewable Energy5.43%
Independent Power Producers and Energy Traders5.92%
Renewable Energy5.25%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 63% over the next 5 years.
    • This is better than its past earnings decline of 60% per year.
    • In contrast, the Renewable Energy industry is expected to see its earnings decline by 12% 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$66.131.8%
    +CA$178.4m    		25.6%PE449.9x
    		TA TransAltaCA$17.453.1%
    +CA$154.6m    		47.3%PS2.3x
    		BITZ.U Bitzero HoldingsUS$4.7282.2%
    +US$112.7m    		n/aPS9.1x
    		NPI Northland PowerCA$23.500.6%
    +CA$36.6m    		23.6%PS2.5x
    		MXG Maxim PowerCA$4.482.1%
    +CA$5.7m    		8.2%PE17.1x

    Latest News

    BITZ.U
    US$4.72
    Bitzero Holdings
    7D
    82.2%
    1Y
    n/a
    PIF
    CA$12.44
    Polaris Renewable Energy
    7D
    -3.0%
    1Y
    6.1%
    TA
    CA$17.45
    TransAlta
    7D
    3.1%
    1Y
    47.3%
    RE
    CA$0.38
    RE Royalties
    7D
    7.1%
    1Y
    -19.4%
    NPI
    CA$23.50
    Northland Power
    7D
    0.6%
    1Y
    23.6%
    CPX
    CA$66.13
    Capital Power
    7D
    1.8%
    1Y
    25.6%
    Analysis Article • May 04

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    WEB
    CA$1.42
    Westbridge Renewable Energy
    7D
    -4.7%
    1Y
    -55.6%
    BLX
    CA$36.79
    Boralex
    7D
    0.08%
    1Y
    18.1%
    Narrative Update • Apr 26

    BLX: Possible Go Private And Split Outlook Will Shape Future Returns

    Narrative Update on Boralex Boralex's updated analyst price target has moved by about CA$0.71 per share. This reflects mixed recent Street research, where some analysts raised their targets while others trimmed them or adjusted ratings, and is supported by revised assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations.
    NUE
    CA$0.14
    NU E Power
    7D
    3.7%
    1Y
    -22.2%
    MXG
    CA$4.48
    Maxim Power
    7D
    2.1%
    1Y
    8.2%
    REVV
    CA$0.17
    ReVolve Renewable Power
    7D
    -5.6%
    1Y
    -24.4%
    RESO
    CA$0.14
    ReSolve Energie
    7D
    -20.0%
    1Y
    n/a
    AKH.H
    CA$0.025
    Alaska Hydro
    7D
    -28.6%
    1Y
    -16.7%