Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Canadian (TSX) Renewable Energy Industry Analysis

UpdatedApr 20, 2025
DataAggregated Company Financials
Companies15
  • 7D0.9%
  • 3M-8.6%
  • 1Y11.0%
  • YTD-13.0%

Last week, the Renewable Energy industry hasn't moved much but Capital Power is up 3.1% in that time. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are forecast to decline by 2.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025CA$40.1bCA$19.1bCA$686.5m18.1x58.4x2.1x
Tue, 18 Mar 2025CA$43.6bCA$19.4bCA$667.5m19x65.4x2.3x
Thu, 13 Feb 2025CA$41.5bCA$19.6b-CA$101,738,595.2317.5x-407.9x2.1x
Sat, 11 Jan 2025CA$39.0bCA$19.5bCA$60.5m21.9x644.7x2x
Mon, 09 Dec 2024CA$57.3bCA$26.1b-CA$1,729,986,190.7720.6x-33.1x2.2x
Wed, 06 Nov 2024CA$57.2bCA$25.3bCA$1.5b16.1x38.6x2.3x
Fri, 04 Oct 2024CA$57.7bCA$25.5bCA$2.0b13.3x29.4x2.3x
Sun, 01 Sep 2024CA$51.1bCA$25.4bCA$2.0b12x26.1x2x
Tue, 30 Jul 2024CA$51.6bCA$25.4bCA$2.8b7.7x18.4x2x
Thu, 27 Jun 2024CA$52.9bCA$25.2bCA$2.8b7.9x19x2.1x
Sat, 25 May 2024CA$54.7bCA$25.2bCA$2.8b7.9x19.7x2.2x
Mon, 22 Apr 2024CA$43.5bCA$25.1bCA$894.8m11.9x48.6x1.7x
Wed, 20 Mar 2024CA$45.2bCA$24.9bCA$897.3m13x50.3x1.8x
Fri, 16 Feb 2024CA$47.2bCA$24.9bCA$1.1b16.1x41.6x1.9x
Sun, 14 Jan 2024CA$54.5bCA$24.7bCA$3.4b16.4x15.8x2.2x
Tue, 12 Dec 2023CA$53.1bCA$24.9bCA$3.5b14.8x15.3x2.1x
Thu, 09 Nov 2023CA$50.1bCA$25.0bCA$3.5b28.6x14.2x2x
Sat, 07 Oct 2023CA$48.7bCA$24.2bCA$1.7b17.4x28.4x2x
Mon, 04 Sep 2023CA$56.0bCA$24.2bCA$1.7b19.4x32.7x2.3x
Wed, 02 Aug 2023CA$58.6bCA$23.8bCA$2.8b24.8x21.1x2.5x
Fri, 30 Jun 2023CA$59.6bCA$23.8bCA$2.8b23.7x21.5x2.5x
Sun, 28 May 2023CA$63.8bCA$24.1bCA$2.8b19.7x22.7x2.6x
Tue, 25 Apr 2023CA$65.2bCA$22.6bCA$2.7b45x24.3x2.9x
Thu, 23 Mar 2023CA$61.9bCA$22.8bCA$2.7b42.5x22.9x2.7x
Sat, 18 Feb 2023CA$59.6bCA$21.9bCA$2.6b25.2x23.2x2.7x
Mon, 16 Jan 2023CA$61.8bCA$21.6bCA$1.6b27.2x39x2.9x
Wed, 14 Dec 2022CA$64.9bCA$21.7bCA$1.6b28.5x40.7x3x
Fri, 11 Nov 2022CA$66.2bCA$21.5bCA$1.5b29.7x44.3x3.1x
Sun, 09 Oct 2022CA$65.5bCA$20.9bCA$688.6m29.8x95.1x3.1x
Tue, 06 Sep 2022CA$75.5bCA$20.4bCA$675.1m36.5x111.9x3.7x
Thu, 04 Aug 2022CA$75.5bCA$19.2b-CA$141,533,191.0037x-533.2x3.9x
Sat, 02 Jul 2022CA$69.2bCA$19.2b-CA$137,598,362.0034x-503x3.6x
Mon, 30 May 2022CA$71.2bCA$19.1b-CA$133,887,629.0036.2x-531.5x3.7x
Wed, 27 Apr 2022CA$70.3bCA$18.6bCA$479.7m42.9x146.4x3.8x
Price to Earnings Ratio

146.4x


Total Market Cap: CA$70.3bTotal Earnings: CA$479.7mTotal Revenue: CA$18.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 3.1x202320242025
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 58.4x which is higher than its 3-year average PE of 3.1x.
  • 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 Market2.87%
Utilities3.38%
Renewable Energy0.93%
Independent Power Producers and Energy Traders1.80%
Renewable Energy0.62%
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 7.6x.
    • Analysts are expecting annual earnings decline of 28.8%, which is worse than the prior year's decline of 22.4%.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 7.3% 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 29% 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
CPX Capital PowerCA$47.203.1%
+CA$197.8m		31.4%PE9.9x
BLX BoralexCA$29.443.5%
+CA$101.7m		10.0%PE84x
PIF Polaris Renewable EnergyCA$11.732.6%
+CA$6.3m		-1.1%PE59.7x
TA TransAltaCA$12.070.08%
+CA$3.0m		35.8%PE20.3x
GCA.X Gencan CapitalCA$0.151,400.0%
+CA$2.4m		n/aPB90.5x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

RE

CA$0.43

RE Royalties

7D

2.4%

1Y

-12.2%

TA

CA$12.07

TransAlta

7D

0.08%

1Y

35.8%

NPI

CA$18.44

Northland Power

7D

-0.4%

1Y

-11.1%

BLX

CA$29.44

Boralex

7D

3.5%

1Y

10.0%

CPX

CA$47.20

Capital Power

7D

3.1%

1Y

31.4%

GCA.X

CA$0.15

Gencan Capital

7D

1,400.0%

1Y

n/a

PIF

CA$11.73

Polaris Renewable Energy

7D

2.6%

1Y

-1.1%

SXI

CA$2.30

Synex Renewable Energy

7D

2.2%

1Y

19.2%

MXG

CA$3.72

Maxim Power

7D

-6.5%

1Y

-19.1%

Maxim Power's (TSE:MXG) Problems Go Beyond Weak Profit

Mar 31
Maxim Power's (TSE:MXG) Problems Go Beyond Weak Profit

NUE

CA$0.21

NU E Power

7D

-12.5%

1Y

n/a

CH

CA$0.045

Charbone Hydrogen

7D

-10.0%

1Y

-47.1%

CBLU

CA$0.075

Clear Blue Technologies International

7D

-16.7%

1Y

-75.0%

SOLR

CA$0.015

Solar Alliance Energy

7D

-25.0%

1Y

-70.0%