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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies15
  • 7D-4.4%
  • 3M-12.6%
  • 1Y-23.8%
  • YTD-11.6%

Over the last 7 days, the Renewable Energy industry has dropped 4.4%, driven by a pullback from Brookfield Renewable of 5.1%. The industry has fallen 24% in the last year. Earnings are forecast to grow by 2.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$46.1bCA$24.9bCA$897.8m13x51.4x1.9x
Thu, 15 Feb 2024CA$46.9bCA$24.9bCA$1.1b15.9x41.4x1.9x
Sat, 13 Jan 2024CA$54.5bCA$24.7bCA$3.4b16.4x15.8x2.2x
Mon, 11 Dec 2023CA$53.4bCA$24.9bCA$3.5b15.1x15.4x2.1x
Wed, 08 Nov 2023CA$50.8bCA$25.0bCA$3.2b14.3x15.7x2x
Fri, 06 Oct 2023CA$48.7bCA$24.3bCA$1.7b17.5x28.4x2x
Sun, 03 Sep 2023CA$56.0bCA$24.2bCA$1.7b19.4x32.7x2.3x
Tue, 01 Aug 2023CA$59.7bCA$23.7bCA$2.8b24.9x21.6x2.5x
Thu, 29 Jun 2023CA$59.5bCA$23.8bCA$2.8b23.7x21.5x2.5x
Sat, 27 May 2023CA$63.8bCA$24.1bCA$2.8b19.7x22.7x2.6x
Mon, 24 Apr 2023CA$64.9bCA$22.6bCA$2.7b45.3x24.1x2.9x
Wed, 22 Mar 2023CA$62.2bCA$22.8bCA$2.7b42.8x23x2.7x
Fri, 17 Feb 2023CA$59.2bCA$21.9bCA$2.6b25x23.1x2.7x
Sun, 15 Jan 2023CA$61.8bCA$21.6bCA$1.6b27.2x39x2.9x
Tue, 13 Dec 2022CA$64.0bCA$21.8bCA$1.6b42.5x40.1x2.9x
Thu, 10 Nov 2022CA$64.8bCA$21.5bCA$1.5b29.7x42.7x3x
Sat, 08 Oct 2022CA$65.5bCA$20.9bCA$688.6m29.8x95.1x3.1x
Mon, 05 Sep 2022CA$75.5bCA$20.4bCA$674.1m36.6x112x3.7x
Wed, 03 Aug 2022CA$75.6bCA$19.2b-CA$140,981,768.0036.7x-536.1x3.9x
Fri, 01 Jul 2022CA$69.2bCA$19.2b-CA$136,692,450.0034x-506x3.6x
Sun, 29 May 2022CA$71.2bCA$19.1b-CA$133,887,629.0036.2x-531.5x3.7x
Tue, 26 Apr 2022CA$70.6bCA$18.6bCA$478.0m43x147.7x3.8x
Thu, 24 Mar 2022CA$75.1bCA$18.5bCA$480.0m43.6x156.4x4.1x
Sat, 19 Feb 2022CA$65.6bCA$18.2bCA$361.6m21.5x181.5x3.6x
Mon, 17 Jan 2022CA$62.3bCA$17.7b-CA$1,716,013,971.0029.4x-36.3x3.5x
Wed, 15 Dec 2021CA$65.4bCA$18.0b-CA$1,739,564,523.0032.6x-37.6x3.6x
Fri, 12 Nov 2021CA$72.2bCA$17.8b-CA$1,601,591,545.0022.4x-45.1x4.1x
Sun, 10 Oct 2021CA$69.3bCA$17.1b-CA$3,131,736,425.0011.9x-22.1x4x
Tue, 07 Sep 2021CA$77.4bCA$17.1b-CA$3,110,660,841.5111.4x-24.9x4.5x
Thu, 05 Aug 2021CA$76.0bCA$17.1b-CA$3,133,199,753.7619.6x-24.2x4.4x
Sun, 09 May 2021CA$72.3bCA$16.9b-CA$3,957,360,773.3218x-18.3x4.3x
Price to Earnings Ratio

-19.6x


Total Market Cap: CA$77.5bTotal Earnings: -CA$3,957,360,773.32Total Revenue: CA$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -12.7x202220232024
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 51.4x which is higher than its 3-year average PE of -12.7x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

CA Market0.35%
Utilities-2.30%
Renewable Energy-4.38%
Independent Power Producers and Energy Traders-3.95%
Renewable Energy-4.46%
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.
    • Analysts are expecting annual earnings decline of 78.4%, which is lower than the prior year's growth of 617.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 19% over the next 5 years.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 78% 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
MXG Maxim PowerCA$4.701.5%
+CA$79.3m
9.3%PE11.1x
RNW TransAlta RenewablesCA$12.340.4%
+CA$13.3m
-9.1%PE42.2x
ARR Altius Renewable RoyaltiesCA$8.962.1%
+CA$5.5m
6.4%PB1x
SUNN SolarBankCA$6.203.3%
+CA$5.4m
138.5%PE42.4x
NKW.H Oceanic Wind EnergyCA$0.1042.9%
+CA$2.6m
100.0%PE-26.8x
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Latest News

MXG

CA$4.70

Maxim Power

7D

1.5%

1Y

9.3%

RE

CA$0.52

RE Royalties

7D

4.0%

1Y

-22.4%

ARR

CA$8.96

Altius Renewable Royalties

7D

2.1%

1Y

6.4%

NPI

CA$21.91

Northland Power

7D

-8.8%

1Y

-34.2%

PIF

CA$11.18

Polaris Renewable Energy

7D

-1.8%

1Y

-14.7%

CPX

CA$38.29

Capital Power

7D

-1.3%

1Y

-7.0%

BEPC

CA$31.66

Brookfield Renewable

7D

-7.0%

1Y

-26.2%

BLX

CA$28.06

Boralex

7D

-6.2%

1Y

-26.5%

TA

CA$8.79

TransAlta

7D

-5.3%

1Y

-19.2%

INE

CA$8.09

Innergex Renewable Energy

7D

-5.6%

1Y

-44.6%

SUNN

CA$6.20

SolarBank

7D

3.3%

1Y

138.5%

CH

CA$0.09

Charbone Hydrogen

7D

12.5%

1Y

-33.3%

NKW.H

CA$0.10

Oceanic Wind Energy

7D

42.9%

1Y

100.0%

SOLR

CA$0.06

Solar Alliance Energy

7D

9.1%

1Y

-20.0%

WEB

CA$0.90

Westbridge Renewable Energy

7D

-1.1%

1Y

15.4%

RNW

CA$12.34

TransAlta Renewables

7D

0.4%

1Y

-9.1%