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Canadian (TSX) Renewable Energy Industry Analysis
UpdatedApr 25, 2025
DataAggregated Company Financials
Companies15
- 7D3.3%
- 3M-4.0%
- 1Y13.8%
- YTD-10.1%
In the last week, the Renewable Energy industry is up 3.7%, with Capital Power up 6.4%. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 4.8% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 25 Apr 2025 | CA$41.5b | CA$19.1b | CA$686.1m | 18.3x | 60.5x | 2.2x |
| Sun, 23 Mar 2025 | CA$45.4b | CA$19.4b | CA$645.3m | 19.7x | 70.3x | 2.3x |
| Tue, 18 Feb 2025 | CA$41.6b | CA$19.5b | -CA$96,535,108.42 | 18.5x | -431.1x | 2.1x |
| Thu, 16 Jan 2025 | CA$38.0b | CA$19.5b | CA$63.9m | 21.2x | 594.4x | 2x |
| Sat, 14 Dec 2024 | CA$56.0b | CA$26.2b | -CA$1,743,412,266.46 | 22.2x | -32.1x | 2.1x |
| Mon, 11 Nov 2024 | CA$57.4b | CA$25.9b | -CA$1,464,279,733.47 | 20.2x | -39.2x | 2.2x |
| Wed, 09 Oct 2024 | CA$56.5b | CA$25.6b | CA$2.0b | 13.1x | 28.7x | 2.2x |
| Fri, 06 Sep 2024 | CA$51.4b | CA$25.5b | CA$2.0b | 12x | 26.2x | 2x |
| Sun, 04 Aug 2024 | CA$51.6b | CA$25.9b | CA$1.8b | 9.1x | 29.5x | 2x |
| Tue, 02 Jul 2024 | CA$51.3b | CA$25.3b | CA$2.8b | 7.7x | 18.4x | 2x |
| Thu, 30 May 2024 | CA$54.8b | CA$25.2b | CA$2.8b | 8x | 19.7x | 2.2x |
| Sat, 27 Apr 2024 | CA$44.2b | CA$25.0b | CA$896.4m | 11.6x | 49.3x | 1.8x |
| Mon, 25 Mar 2024 | CA$46.7b | CA$25.0b | CA$896.4m | 12.9x | 52x | 1.9x |
| Wed, 21 Feb 2024 | CA$47.2b | CA$24.9b | CA$1.1b | 15.8x | 41.6x | 1.9x |
| Fri, 19 Jan 2024 | CA$54.0b | CA$24.8b | CA$3.5b | 16.1x | 15.6x | 2.2x |
| Sun, 17 Dec 2023 | CA$56.3b | CA$24.7b | CA$3.4b | 16.2x | 16.4x | 2.3x |
| Tue, 14 Nov 2023 | CA$49.1b | CA$25.1b | CA$3.5b | 27.2x | 14x | 2x |
| Thu, 12 Oct 2023 | CA$50.6b | CA$24.2b | CA$1.7b | 18x | 29.6x | 2.1x |
| Sat, 09 Sep 2023 | CA$54.1b | CA$24.2b | CA$1.7b | 19.4x | 31.6x | 2.2x |
| Mon, 07 Aug 2023 | CA$56.8b | CA$24.0b | CA$1.9b | 16.6x | 30.2x | 2.4x |
| Wed, 05 Jul 2023 | CA$60.7b | CA$23.8b | CA$2.8b | 23.8x | 21.9x | 2.6x |
| Fri, 02 Jun 2023 | CA$63.6b | CA$24.0b | CA$2.8b | 19.7x | 22.8x | 2.7x |
| Sun, 30 Apr 2023 | CA$64.4b | CA$22.6b | CA$2.7b | 45.6x | 23.9x | 2.8x |
| Tue, 28 Mar 2023 | CA$62.6b | CA$22.7b | CA$2.7b | 43.4x | 23.2x | 2.8x |
| Thu, 23 Feb 2023 | CA$58.6b | CA$21.9b | CA$2.6b | 24.7x | 22.7x | 2.7x |
| Sat, 21 Jan 2023 | CA$61.9b | CA$21.6b | CA$1.6b | 27.3x | 39.1x | 2.9x |
| Mon, 19 Dec 2022 | CA$61.7b | CA$21.9b | CA$1.6b | 27.4x | 38.5x | 2.8x |
| Wed, 16 Nov 2022 | CA$64.0b | CA$21.5b | CA$1.6b | 29.1x | 40.5x | 3x |
| Fri, 14 Oct 2022 | CA$61.4b | CA$21.0b | CA$691.2m | 27.8x | 88.8x | 2.9x |
| Sun, 11 Sep 2022 | CA$76.6b | CA$20.3b | CA$672.9m | 37x | 113.8x | 3.8x |
| Tue, 09 Aug 2022 | CA$78.7b | CA$20.0b | CA$442.2m | 39x | 177.9x | 3.9x |
| Thu, 07 Jul 2022 | CA$70.1b | CA$19.4b | -CA$141,510,849.00 | 34.4x | -495.5x | 3.6x |
| Sat, 04 Jun 2022 | CA$69.7b | CA$19.0b | -CA$128,870,100.00 | 36.2x | -540.5x | 3.7x |
| Mon, 02 May 2022 | CA$68.9b | CA$18.6b | CA$480.8m | 42x | 143.4x | 3.7x |
Price to Earnings Ratio
143.4x
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 60.0x which is higher than its 3-year average PE of 2.7x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 13% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Canadian Utilities industry?
| CA Market | 1.93% | |
| Utilities | 1.08% | |
| Renewable Energy | 3.32% | |
| Independent Power Producers and Energy Traders | 4.45% | |
| Renewable Energy | 2.91% | |
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 7.7x.
- Analysts are expecting annual earnings decline of 9.9%, which is less than its past year's earnings decline of 22.4%.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 10% over the next 5 years.
- This is better than its past earnings decline of 64% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 9.9% 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 | |
|---|---|---|---|---|---|
| CPX Capital Power | CA$50.20 | 6.4% +CA$1.0b | 41.8% | PE11.4x | |
| BLX Boralex | CA$30.43 | 3.4% +CA$101.7m | 12.0% | PE86.9x | |
| NPI Northland Power | CA$18.62 | 1.0% +CA$47.1m | -9.9% | PE18.3x | |
| TA TransAlta | CA$12.18 | 0.9% +CA$32.8m | 30.7% | PE20.5x | |
| INE Innergex Renewable Energy | CA$13.52 | 0.3% +CA$8.1m | 69.6% | PE267.6x |