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Canadian (TSX) Renewable Energy Industry Analysis
UpdatedJun 08, 2025
DataAggregated Company Financials
Companies14
- 7D1.4%
- 3M5.8%
- 1Y1.1%
- YTD-2.9%
In the last week, the Renewable Energy industry is up 1.4%, with TransAlta up 5.7%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Canadian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Jun 2025 | CA$46.7b | CA$18.7b | CA$304.3m | 19.2x | 153.6x | 2.5x |
| Tue, 06 May 2025 | CA$44.2b | CA$19.1b | CA$510.0m | 15.7x | 86.8x | 2.3x |
| Thu, 03 Apr 2025 | CA$43.5b | CA$19.4b | CA$668.2m | 19.4x | 65.1x | 2.2x |
| Sat, 01 Mar 2025 | CA$44.3b | CA$19.5b | CA$557.5m | 22.1x | 79.4x | 2.3x |
| Mon, 27 Jan 2025 | CA$38.2b | CA$19.5b | CA$63.3m | 21.2x | 603.6x | 2x |
| Wed, 25 Dec 2024 | CA$56.2b | CA$26.3b | -CA$1,767,787,098.60 | 20.7x | -31.8x | 2.1x |
| Fri, 22 Nov 2024 | CA$56.4b | CA$25.9b | -CA$1,693,229,279.96 | 15.3x | -33.3x | 2.2x |
| Sun, 20 Oct 2024 | CA$59.6b | CA$25.8b | CA$2.0b | 13.9x | 30.2x | 2.3x |
| Tue, 17 Sep 2024 | CA$54.7b | CA$25.5b | CA$2.0b | 12.9x | 27.8x | 2.1x |
| Thu, 15 Aug 2024 | CA$51.7b | CA$25.6b | CA$1.7b | 9.1x | 29.8x | 2x |
| Sat, 13 Jul 2024 | CA$55.1b | CA$25.2b | CA$2.8b | 8.5x | 19.8x | 2.2x |
| Mon, 10 Jun 2024 | CA$54.5b | CA$25.3b | CA$2.8b | 8.3x | 19.5x | 2.2x |
| Wed, 08 May 2024 | CA$51.6b | CA$25.1b | CA$2.8b | 7.9x | 18.5x | 2.1x |
| Fri, 05 Apr 2024 | CA$46.0b | CA$24.9b | CA$898.7m | 11.8x | 51.2x | 1.8x |
| Sun, 03 Mar 2024 | CA$47.0b | CA$25.1b | CA$809.7m | 27.1x | 58x | 1.9x |
| Tue, 30 Jan 2024 | CA$54.3b | CA$24.7b | CA$3.4b | 16.6x | 15.7x | 2.2x |
| Thu, 28 Dec 2023 | CA$54.7b | CA$24.5b | CA$3.4b | 16x | 16x | 2.2x |
| Sat, 25 Nov 2023 | CA$52.2b | CA$24.9b | CA$3.5b | 25.5x | 15x | 2.1x |
| Mon, 23 Oct 2023 | CA$47.5b | CA$24.3b | CA$1.7b | 16.9x | 27.7x | 2x |
| Wed, 20 Sep 2023 | CA$55.3b | CA$24.0b | CA$1.7b | 19.9x | 32.5x | 2.3x |
| Fri, 18 Aug 2023 | CA$56.1b | CA$24.1b | CA$1.7b | 16.2x | 32.9x | 2.3x |
| Sun, 16 Jul 2023 | CA$61.7b | CA$23.8b | CA$2.8b | 27.2x | 22.3x | 2.6x |
| Tue, 13 Jun 2023 | CA$64.0b | CA$23.9b | CA$2.8b | 25.3x | 23x | 2.7x |
| Thu, 11 May 2023 | CA$64.2b | CA$23.8b | CA$2.8b | 20.4x | 23.1x | 2.7x |
| Sat, 08 Apr 2023 | CA$64.3b | CA$22.6b | CA$2.7b | 44.9x | 24x | 2.8x |
| Mon, 06 Mar 2023 | CA$59.2b | CA$22.7b | CA$2.7b | 42.4x | 21.9x | 2.6x |
| Wed, 01 Feb 2023 | CA$61.6b | CA$21.5b | CA$1.6b | 28x | 39x | 2.9x |
| Fri, 30 Dec 2022 | CA$58.6b | CA$21.7b | CA$1.6b | 25.9x | 36.8x | 2.7x |
| Sun, 27 Nov 2022 | CA$64.7b | CA$21.6b | CA$1.6b | 30.1x | 40.8x | 3x |
| Tue, 25 Oct 2022 | CA$61.2b | CA$20.9b | CA$689.5m | 28.1x | 88.7x | 2.9x |
| Thu, 22 Sep 2022 | CA$76.6b | CA$20.6b | CA$681.4m | 35.6x | 112.4x | 3.7x |
| Sat, 20 Aug 2022 | CA$78.1b | CA$20.3b | CA$674.6m | 38.3x | 115.7x | 3.8x |
| Mon, 18 Jul 2022 | CA$70.8b | CA$19.3b | -CA$140,247,825.00 | 34.9x | -505.1x | 3.7x |
| Wed, 15 Jun 2022 | CA$68.3b | CA$19.2b | -CA$137,811,054.00 | 33.5x | -495.4x | 3.5x |
Price to Earnings Ratio
-495.4x
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 153x which is higher than its 3-year average PE of 20.3x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Canadian Utilities industry?
| CA Market | 0.89% | |
| Utilities | -1.03% | |
| Renewable Energy | 1.42% | |
| Independent Power Producers and Energy Traders | 3.01% | |
| Renewable Energy | 0.81% | |
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 10.0x.
- Analysts are expecting annual earnings growth of 6.7%, 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 43% 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 6.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TA TransAlta | CA$14.18 | 5.7% +CA$228.3m | 43.4% | PE4203.7x | |
| CPX Capital Power | CA$56.01 | 1.8% +CA$151.6m | 38.8% | PE14.1x | |
| NPI Northland Power | CA$20.75 | 1.4% +CA$75.8m | -13.7% | PE21.1x | |
| BLX Boralex | CA$31.84 | 0.9% +CA$27.8m | -11.0% | PE297.5x | |
| INE Innergex Renewable Energy | CA$13.73 | 0.5% +CA$14.2m | 29.5% | PE70.2x |
