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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies13
  • 7D1.2%
  • 3M-11.5%
  • 1Y21.2%
  • YTD4.0%

Clear Blue Technologies International is up 0%, leading the way for the Renewable Energy industry, which has gained 1.2%. This takes the industry's 12 month performance to a gain of 21%. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026CA$49.7bCA$18.0b-CA$151,102,361.7112x-329.2x2.8x
Sat, 03 Jan 2026CA$46.4bCA$17.9b-CA$622,294,831.963.5x-74.5x2.6x
Mon, 01 Dec 2025CA$49.4bCA$18.0b-CA$631,340,409.0312.7x-78.2x2.7x
Wed, 29 Oct 2025CA$55.8bCA$17.6b-CA$397,121,560.4512.5x-140.5x3.2x
Fri, 26 Sep 2025CA$48.8bCA$17.6b-CA$391,473,138.337.5x-124.6x2.8x
Sun, 24 Aug 2025CA$47.0bCA$17.5b-CA$386,544,304.528.6x-121.5x2.7x
Tue, 22 Jul 2025CA$51.8bCA$18.7bCA$304.9m19.7x170x2.8x
Thu, 19 Jun 2025CA$49.2bCA$18.7bCA$304.1m19.9x161.6x2.6x
Sat, 17 May 2025CA$46.2bCA$18.9bCA$288.9m19.9x160x2.4x
Mon, 14 Apr 2025CA$40.8bCA$19.1bCA$684.7m18.2x59.5x2.1x
Wed, 12 Mar 2025CA$43.6bCA$19.5bCA$662.5m19.3x65.8x2.2x
Fri, 07 Feb 2025CA$41.9bCA$19.6b-CA$102,737,874.4818.7x-408x2.1x
Sun, 05 Jan 2025CA$56.2bCA$26.4b-CA$1,777,744,882.5021.1x-31.6x2.1x
Tue, 03 Dec 2024CA$58.4bCA$26.0b-CA$1,713,918,636.7619.1x-34.1x2.3x
Thu, 31 Oct 2024CA$56.1bCA$25.9bCA$2.0b13.6x28.3x2.2x
Sat, 28 Sep 2024CA$58.1bCA$25.5bCA$2.0b13.6x29.6x2.3x
Mon, 26 Aug 2024CA$51.3bCA$25.5bCA$2.0b11.9x26.3x2x
Wed, 24 Jul 2024CA$51.8bCA$25.3bCA$2.8b7.8x18.5x2x
Fri, 21 Jun 2024CA$53.0bCA$25.2bCA$2.8b8x19x2.1x
Sun, 19 May 2024CA$54.3bCA$25.1bCA$2.8b7.9x19.6x2.2x
Tue, 16 Apr 2024CA$44.0bCA$25.1bCA$894.1m11.5x49.2x1.7x
Thu, 14 Mar 2024CA$46.8bCA$24.8bCA$872.6m26.2x53.7x1.9x
Sat, 10 Feb 2024CA$47.3bCA$24.8bCA$1.1b15.4x41.7x1.9x
Mon, 08 Jan 2024CA$55.2bCA$24.7bCA$3.4b16.1x16x2.2x
Wed, 06 Dec 2023CA$53.7bCA$24.9bCA$3.5b14.8x15.5x2.2x
Fri, 03 Nov 2023CA$48.1bCA$24.7bCA$2.0b14.7x24.5x1.9x
Sun, 01 Oct 2023CA$49.1bCA$24.1bCA$1.7b18.2x28.7x2x
Tue, 29 Aug 2023CA$57.4bCA$24.2bCA$1.7b17.3x33.6x2.4x
Thu, 27 Jul 2023CA$60.9bCA$23.7bCA$2.8b24.7x22x2.6x
Sat, 24 Jun 2023CA$59.8bCA$23.7bCA$2.8b23.8x21.6x2.5x
Mon, 22 May 2023CA$65.0bCA$24.0bCA$2.8b20.4x23.3x2.7x
Wed, 19 Apr 2023CA$63.9bCA$22.5bCA$2.7b44.7x23.9x2.8x
Fri, 17 Mar 2023CA$61.8bCA$22.8bCA$2.7b43.4x22.8x2.7x
Sun, 12 Feb 2023CA$58.3bCA$21.8bCA$2.6b25x22.8x2.7x
Price to Earnings Ratio

22.8x


Total Market Cap: CA$58.3bTotal Earnings: CA$2.6bTotal Revenue: CA$21.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 18.5x202420252026
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 2.7x.
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 6.2% per year, which is driving profits down.

Industry Trends

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

CA Market-1.91%
Utilities0.90%
Renewable Energy1.22%
Renewable Energy3.99%
Independent Power Producers and Energy Traders-4.81%
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 25.6x.
    • Analysts are expecting annual earnings growth of 51.1%, which is higher than its past year's earnings decline of 46.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 46% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 16% 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
BLX BoralexCA$26.372.4%
+CA$63.7m		2.5%PS3.3x
NPI Northland PowerCA$19.190.3%
+CA$15.7m		14.8%PS2.2x
WEB Westbridge Renewable EnergyCA$1.984.2%
+CA$2.0m		-38.1%PE3x
CBLU Clear Blue Technologies InternationalCA$0.070%
CA$1.5m		-61.1%PS2.3x
RE RE RoyaltiesCA$0.325.0%
+CA$652.8k		-32.3%PB9.5x

Latest News

RESO
CA$0.18
ReSolve Energie
7D
-11.9%
1Y
n/a
CBLU
CA$0.07
Clear Blue Technologies International
7D
0%
1Y
-61.1%
NPI
CA$19.19
Northland Power
7D
0.3%
1Y
14.8%

Northland Power (TSE:NPI) Has Some Difficulty Using Its Capital Effectively

Feb 02
Northland Power (TSE:NPI) Has Some Difficulty Using Its Capital Effectively
BITZ.U
US$3.07
Bitzero Holdings
7D
-20.1%
1Y
n/a
WEB
CA$1.98
Westbridge Renewable Energy
7D
4.2%
1Y
-38.1%
TA
CA$17.20
TransAlta
7D
-8.9%
1Y
10.2%
BLX
CA$26.37
Boralex
7D
2.4%
1Y
2.5%
CPX
CA$57.79
Capital Power
7D
-7.1%
1Y
9.8%

CPX: Future Returns Will Reflect Long Term Contracted U.S. Gas Cash Flows

Analysts have nudged their fair value estimate for Capital Power higher to about C$74.71 from roughly C$74.46, citing a series of recent price target increases across the Street that reflect updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent research updates around Capital Power cluster tightly in a C$73 to C$82 fair value range, which helps explain the modest move higher in the aggregated fair value estimate.
PIF
CA$12.28
Polaris Renewable Energy
7D
-0.2%
1Y
-5.5%
NUE
CA$0.21
NU E Power
7D
-8.7%
1Y
-61.8%
REVV
CA$0.15
ReVolve Renewable Power
7D
-3.1%
1Y
-27.9%
RE
CA$0.32
RE Royalties
7D
5.0%
1Y
-32.3%
MXG
CA$4.30
Maxim Power
7D
-1.1%
1Y
-28.5%