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

Canadian (TSX) Renewable Energy Industry Analysis

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies12
  • 7D-0.2%
  • 3M21.1%
  • 1Y19.4%
  • YTD22.7%

In the last week, the Renewable Energy industry is up 4.6%, with Northland Power up 0.9%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are expected to grow by 39% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Nov 2025CA$58.4bCA$17.9b-CA$431,204,366.5812.7x-135.4x3.3x
Fri, 03 Oct 2025CA$50.6bCA$17.6b-CA$392,302,630.497.2x-128.9x2.9x
Sun, 31 Aug 2025CA$46.4bCA$17.4b-CA$382,388,539.638.8x-121.3x2.7x
Tue, 29 Jul 2025CA$49.3bCA$17.7bCA$262.7m17.8x187.7x2.8x
Thu, 26 Jun 2025CA$48.9bCA$18.7bCA$303.2m19.2x161.2x2.6x
Sat, 24 May 2025CA$44.8bCA$18.7bCA$301.2m19.4x148.8x2.4x
Mon, 21 Apr 2025CA$40.1bCA$19.1bCA$686.5m18.1x58.4x2.1x
Wed, 19 Mar 2025CA$43.9bCA$19.4bCA$667.0m19.1x65.9x2.3x
Fri, 14 Feb 2025CA$41.8bCA$19.5b-CA$97,321,689.6918x-429.6x2.1x
Sun, 12 Jan 2025CA$39.3bCA$19.5bCA$60.5m21.9x650.2x2x
Tue, 10 Dec 2024CA$57.3bCA$26.1b-CA$1,733,531,032.9320.6x-33.1x2.2x
Thu, 07 Nov 2024CA$58.5bCA$25.4bCA$1.5b14.9x39.4x2.3x
Sat, 05 Oct 2024CA$56.9bCA$25.5bCA$2.0b13.4x29x2.2x
Mon, 02 Sep 2024CA$51.1bCA$25.4bCA$2.0b12x26.1x2x
Wed, 31 Jul 2024CA$51.7bCA$25.4bCA$2.8b7.5x18.4x2x
Fri, 28 Jun 2024CA$52.3bCA$25.2bCA$2.8b8.1x18.8x2.1x
Sun, 26 May 2024CA$55.5bCA$25.2bCA$2.8b7.9x20x2.2x
Tue, 23 Apr 2024CA$43.5bCA$25.1bCA$894.8m11.9x48.6x1.7x
Thu, 21 Mar 2024CA$45.2bCA$24.8bCA$898.9m13.1x50.2x1.8x
Sat, 17 Feb 2024CA$48.2bCA$24.9bCA$1.1b16x42.4x1.9x
Mon, 15 Jan 2024CA$54.5bCA$24.7bCA$3.4b16.5x15.8x2.2x
Wed, 13 Dec 2023CA$52.4bCA$24.9bCA$3.5b14.5x15.1x2.1x
Fri, 10 Nov 2023CA$49.7bCA$25.0bCA$3.5b28.6x14.1x2x
Sun, 08 Oct 2023CA$48.7bCA$24.2bCA$1.7b17.4x28.4x2x
Tue, 05 Sep 2023CA$56.0bCA$24.2bCA$1.7b19.4x32.7x2.3x
Thu, 03 Aug 2023CA$56.5bCA$24.1bCA$2.8b24.1x20.2x2.3x
Sat, 01 Jul 2023CA$60.2bCA$23.8bCA$2.8b23.9x21.7x2.5x
Mon, 29 May 2023CA$63.8bCA$24.1bCA$2.8b19.7x22.7x2.6x
Wed, 26 Apr 2023CA$65.3bCA$22.7bCA$2.7b45.3x24.2x2.9x
Fri, 24 Mar 2023CA$61.5bCA$22.8bCA$2.7b42.5x22.7x2.7x
Sun, 19 Feb 2023CA$59.6bCA$21.9bCA$2.6b25.2x23.2x2.7x
Tue, 17 Jan 2023CA$62.6bCA$21.6bCA$1.6b27.5x39.4x2.9x
Thu, 15 Dec 2022CA$64.1bCA$21.7bCA$1.6b28.3x40.2x2.9x
Sat, 12 Nov 2022CA$64.9bCA$21.5bCA$1.6b29.7x40.8x3x
Price to Earnings Ratio

40.8x


Total Market Cap: CA$64.9bTotal Earnings: CA$1.6bTotal Revenue: CA$21.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 29.8x202320242025
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 3.2x.
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 6.1% per year, which is driving profits down.

Industry Trends

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

CA Market-1.88%
Utilities-0.63%
Renewable Energy-0.18%
Renewable Energy0.33%
Independent Power Producers and Energy Traders-1.24%
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 21.8x.
    • Analysts are expecting annual earnings growth of 64.4%, which is higher than its past year's earnings decline of 36.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 27% 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
NPI Northland PowerCA$25.510.9%
+CA$62.8m		18.7%PS3x

Latest News

PIF
CA$12.66
Polaris Renewable Energy
7D
-9.9%
1Y
0.3%
BLX
CA$28.08
Boralex
7D
-1.7%
1Y
-17.6%
CPX
CA$69.85
Capital Power
7D
-1.1%
1Y
19.2%
TA
CA$23.51
TransAlta
7D
-1.5%
1Y
53.7%

Share Buybacks and Expanding Demand Will Shape Renewable Outlook

TransAlta's analyst price target has been revised upward from $19.77 to $22.82. Analysts cite improved revenue growth expectations and a slight decrease in the perceived discount rate as key drivers of this increase.
NPI
CA$25.51
Northland Power
7D
0.9%
1Y
18.7%
WEB
CA$2.53
Westbridge Renewable Energy
7D
-5.9%
1Y
-26.5%
CBLU
CA$0.05
Clear Blue Technologies International
7D
-16.7%
1Y
-58.3%
RE
CA$0.28
RE Royalties
7D
-5.0%
1Y
-40.0%
SOLR
CA$0.015
Solar Alliance Energy
7D
-40.0%
1Y
-62.5%