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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies17
  • 7D-2.4%
  • 3M-8.6%
  • 1Y-15.0%
  • YTD-20.8%

Over the last 7 days, the Renewable Energy industry has dropped 2.4%, driven by a pullback from Brookfield Renewable of 2.4%. However, the industry is down 15% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Wed, 01 Dec 2021CA$69.2bCA$17.9b-CA$1,731,087,770.0021.9x
Fri, 29 Oct 2021CA$72.0bCA$17.0b-CA$3,096,503,740.0011.8x
Sun, 26 Sep 2021CA$73.4bCA$17.3b-CA$3,189,394,773.0010.9x
Tue, 24 Aug 2021CA$76.1bCA$17.1b-CA$3,133,199,753.7619.6x
Wed, 30 Jun 2021CA$73.3bCA$17.1b-CA$3,133,199,753.7619.7x
Sat, 03 Apr 2021CA$77.5bCA$16.9b-CA$3,957,360,773.3217.3x
Tue, 05 Jan 2021CA$84.5bCA$17.0b-CA$3,558,572,420.6019.2x
Fri, 09 Oct 2020CA$67.4bCA$17.3b-CA$1,297,997,391.1521.8x
Thu, 02 Jul 2020CA$38.9bCA$13.3bCA$264.2m18.2x
Sun, 05 Apr 2020CA$35.2bCA$14.0bCA$405.4m14.9x
Wed, 08 Jan 2020CA$35.4bCA$12.8bCA$454.4m35.3x
Tue, 01 Oct 2019CA$31.8bCA$12.4bCA$584.6m18.6x
Fri, 05 Jul 2019CA$29.3bCA$11.8bCA$610.9m16.3x
Mon, 08 Apr 2019CA$28.5bCA$11.0bCA$542.9m14.2x
Thu, 10 Jan 2019CA$23.4bCA$12.0bCA$589.4m12.1x
PE Ratio

15.7x

Total Market Cap: CA$25.0bTotal Earnings: CA$16.0mTotal Revenue: CA$10.3b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 19.1x. It appears they believe that earnings will grow in-line with historical growth rates.

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. But revenues have grown 20% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Renewable Energy industry?

Renewable Energy-2.39%
Independent Power Producers and Energy Traders-2.44%

Industry PE: Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 18.8x. This is likely because analysts are expecting annual earnings growth of 58%, which is higher than its past year's earnings growth of 12% per year. Meanwhile, investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 31.9x.

Forecasted Growth: Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 58% over the next 5 years. This is better than it's past earnings growth rate of 12% per year. Meanwhile, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 42% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
BEPC Brookfield Renewable0.6%+CA$97.7m-26.1%PS4x
ARR Altius Renewable Royalties2.3%+CA$6.9mn/aPS74081x
MXG Maxim Power3.0%+CA$5.5m87.0%PE2.3x
NKW.H Oceanic Wind Energy25.0%+CA$2.0m-10.7%PE-58.4x
JPWR.UN Jade Power Trust3.4%+CA$1.8m81.5%PE10.6x
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