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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies14
  • 7D5.7%
  • 3M-5.6%
  • 1Y9.4%
  • YTD-6.1%

In the last week, the Renewable Energy industry is up 5.7%, with Capital Power up 6.8%. Meanwhile, Polaris Renewable Energy actually underperformed within the industry, shrinking 5.1% in the last week. This takes the industry's 12 month performance to a gain of 9.4%. Looking forward, earnings are forecast to decline by 1.2% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025CA$42.9bCA$19.6bCA$71.2m21.4x603x2.2x
Sun, 19 Jan 2025CA$39.0bCA$19.5bCA$59.2m20.2x659.5x2x
Tue, 17 Dec 2024CA$56.4bCA$26.2b-CA$1,746,050,770.9522.2x-32.3x2.2x
Thu, 14 Nov 2024CA$55.5bCA$26.0b-CA$1,477,916,665.8319.9x-37.6x2.1x
Sat, 12 Oct 2024CA$55.1bCA$25.7bCA$2.0b12.9x27.9x2.1x
Mon, 09 Sep 2024CA$50.8bCA$25.5bCA$2.0b11.8x25.8x2x
Wed, 07 Aug 2024CA$51.6bCA$25.7bCA$1.7b9.2x29.6x2x
Fri, 05 Jul 2024CA$52.2bCA$25.1bCA$2.8b7.9x18.8x2.1x
Sun, 02 Jun 2024CA$55.0bCA$25.2bCA$2.8b8.1x19.8x2.2x
Tue, 30 Apr 2024CA$44.2bCA$25.0bCA$896.5m11.6x49.3x1.8x
Thu, 28 Mar 2024CA$46.7bCA$24.9bCA$897.2m13.1x52.1x1.9x
Sat, 24 Feb 2024CA$46.8bCA$25.0bCA$512.3m28.6x91.4x1.9x
Mon, 22 Jan 2024CA$54.3bCA$24.7bCA$3.4b16.4x15.7x2.2x
Wed, 20 Dec 2023CA$55.5bCA$24.6bCA$3.4b16.1x16.1x2.3x
Fri, 17 Nov 2023CA$52.9bCA$25.0bCA$3.5b27.8x15.2x2.1x
Sun, 15 Oct 2023CA$48.2bCA$24.2bCA$1.7b17.4x28.1x2x
Tue, 12 Sep 2023CA$54.8bCA$24.1bCA$1.7b19.8x32.1x2.3x
Thu, 10 Aug 2023CA$56.7bCA$24.1bCA$1.9b16.7x29.4x2.4x
Sat, 08 Jul 2023CA$59.5bCA$23.8bCA$2.8b23.6x21.4x2.5x
Mon, 05 Jun 2023CA$64.8bCA$23.9bCA$2.8b20.2x23.2x2.7x
Wed, 03 May 2023CA$63.7bCA$23.4bCA$2.9b20.1x22.2x2.7x
Fri, 31 Mar 2023CA$64.5bCA$22.6bCA$2.7b44.4x24x2.9x
Sun, 26 Feb 2023CA$57.8bCA$22.3bCA$2.5b39.4x23.5x2.6x
Tue, 24 Jan 2023CA$62.7bCA$21.6bCA$1.6b27.7x39.6x2.9x
Thu, 22 Dec 2022CA$60.2bCA$21.8bCA$1.6b26.7x37.7x2.8x
Sat, 19 Nov 2022CA$62.3bCA$21.6bCA$1.6b29.3x39.3x2.9x
Mon, 17 Oct 2022CA$61.0bCA$21.0bCA$693.0m27.2x88x2.9x
Wed, 14 Sep 2022CA$76.9bCA$20.3bCA$671.3m37.1x114.6x3.8x
Fri, 12 Aug 2022CA$78.0bCA$19.9bCA$440.2m38.8x177.2x3.9x
Sun, 10 Jul 2022CA$71.0bCA$19.3b-CA$138,204,928.0034.9x-513.9x3.7x
Tue, 07 Jun 2022CA$70.6bCA$19.0b-CA$128,728,304.0036x-548.4x3.7x
Thu, 05 May 2022CA$69.3bCA$18.6bCA$502.9m42.8x137.9x3.7x
Sat, 02 Apr 2022CA$76.0bCA$18.4bCA$461.7m44x164.5x4.1x
Mon, 28 Feb 2022CA$66.7bCA$18.4bCA$506.6m36.4x131.8x3.6x
Price to Earnings Ratio

131.8x


Total Market Cap: CA$66.7bTotal Earnings: CA$506.6mTotal Revenue: CA$18.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 3.7x202320242025
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 603x which is higher than its 3-year average PE of 3.7x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have declined 48% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% 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 Utilities industry?

CA Market-0.52%
Utilities1.02%
Renewable Energy5.70%
Independent Power Producers and Energy Traders7.00%
Renewable Energy5.18%
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 5.9x.
    • Analysts are expecting annual earnings decline of 15.9%, which is lower than the prior year's growth of 0.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 2.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 7.9% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline 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
CPX Capital PowerCA$54.486.8%
+CA$480.9m		45.4%PE14.6x
TA TransAltaCA$15.968.2%
+CA$361.1m		69.6%PE26.9x
INE Innergex Renewable EnergyCA$8.5216.2%
+CA$241.7m		9.9%PE108.9x
NPI Northland PowerCA$17.672.6%
+CA$114.4m		-25.8%PS1.9x
BLX BoralexCA$26.634.1%
+CA$108.9m		-9.1%PE30.7x
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Latest News

INE

CA$8.52

Innergex Renewable Energy

7D

16.2%

1Y

9.9%

BLX

CA$26.63

Boralex

7D

4.1%

1Y

-9.1%

Boralex's (TSE:BLX) Returns On Capital Are Heading Higher

Feb 21
Boralex's (TSE:BLX) Returns On Capital Are Heading Higher

TA

CA$15.96

TransAlta

7D

8.2%

1Y

69.6%

PIF

CA$12.02

Polaris Renewable Energy

7D

-5.1%

1Y

-5.3%

NPI

CA$17.67

Northland Power

7D

2.6%

1Y

-25.8%

CPX

CA$54.48

Capital Power

7D

6.8%

1Y

45.4%

CH

CA$0.065

Charbone Hydrogen

7D

8.3%

1Y

-7.1%

REVV

CA$0.21

ReVolve Renewable Power

7D

-2.3%

1Y

-28.8%

Here's Why ReVolve Renewable Power (CVE:REVV) Has A Meaningful Debt Burden

Feb 01
Here's Why ReVolve Renewable Power (CVE:REVV) Has A Meaningful Debt Burden

NUE

CA$0.60

NU E Power

7D

7.1%

1Y

n/a

WEB

CA$0.82

Westbridge Renewable Energy

7D

-1.2%

1Y

-18.8%

MXG

CA$5.67

Maxim Power

7D

-2.2%

1Y

31.3%

Returns At Maxim Power (TSE:MXG) Are On The Way Up

Dec 31
Returns At Maxim Power (TSE:MXG) Are On The Way Up

AKH.H

CA$0.03

Alaska Hydro

7D

100.0%

1Y

100.0%