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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJun 02, 2023
DataAggregated Company Financials
Companies17
  • 7D0.8%
  • 3M7.4%
  • 1Y-10.4%
  • YTD5.9%

In the last week, Renewable Energy has been flat. As for the longer term, the industry has declined 8.6% in the last year. In the next few years, earnings are forecast to decline by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jun 2023CA$54.7bCA$17.0bCA$2.4b26.9x23x3.2x
Sun, 30 Apr 2023CA$55.8bCA$16.8bCA$2.5b27.9x21.9x3.3x
Tue, 28 Mar 2023CA$54.6bCA$16.9bCA$2.6b26.8x21.4x3.2x
Thu, 23 Feb 2023CA$50.1bCA$16.6bCA$2.3b12.9x21.7x3x
Sat, 21 Jan 2023CA$53.0bCA$16.2bCA$1.3b16.3x40.2x3.3x
Mon, 19 Dec 2022CA$52.4bCA$16.5bCA$1.3b16.2x39.4x3.2x
Wed, 16 Nov 2022CA$55.5bCA$16.2bCA$1.3b21x42.3x3.4x
Fri, 14 Oct 2022CA$53.5bCA$16.1bCA$941.9m27.8x56.8x3.3x
Sun, 11 Sep 2022CA$67.1bCA$15.5bCA$924.2m37x72.6x4.3x
Tue, 09 Aug 2022CA$69.0bCA$15.2bCA$672.5m39x102.5x4.5x
Thu, 07 Jul 2022CA$60.7bCA$14.7bCA$83.8m34.4x725x4.1x
Sat, 04 Jun 2022CA$60.2bCA$14.3bCA$96.4m36.2x624.6x4.2x
Mon, 02 May 2022CA$60.1bCA$14.0bCA$935.4m42x64.2x4.3x
Wed, 30 Mar 2022CA$66.0bCA$13.8bCA$931.2m43.4x70.9x4.8x
Fri, 25 Feb 2022CA$58.4bCA$13.8bCA$839.1m21.6x69.6x4.2x
Sun, 23 Jan 2022CA$54.3bCA$13.3b-CA$1,243,044,951.0030.2x-43.7x4.1x
Tue, 21 Dec 2021CA$59.1bCA$13.6b-CA$1,278,670,116.0032.8x-46.2x4.3x
Thu, 18 Nov 2021CA$63.4bCA$13.4b-CA$1,243,270,740.0022.8x-51x4.7x
Sat, 16 Oct 2021CA$63.5bCA$12.9b-CA$3,000,827,251.0011.7x-21.2x4.9x
Mon, 13 Sep 2021CA$66.5bCA$12.9b-CA$3,006,440,503.5111x-22.1x5.1x
Wed, 11 Aug 2021CA$65.1bCA$12.9b-CA$3,028,979,415.7625.4x-21.5x5x
Sun, 06 Jun 2021CA$63.9bCA$12.9b-CA$3,778,803,982.3224.5x-16.9x5x
Wed, 10 Mar 2021CA$70.4bCA$13.0b-CA$3,312,400,584.2817.5x-21.3x5.4x
Tue, 01 Dec 2020CA$73.5bCA$13.3b-CA$1,455,088,473.1526.6x-50.5x5.5x
Fri, 04 Sep 2020CA$54.0bCA$13.5bCA$406.3m20.1x133x4x
Mon, 08 Jun 2020CA$33.4bCA$9.8bCA$257.8m17.6x129.7x3.4x
Price to Earnings Ratio

129.7x


Total Market Cap: CA$33.4bTotal Earnings: CA$257.8mTotal Revenue: CA$9.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 67.1x202120222023
Current Industry PE
  • Investors are pessimistic on the Canadian Renewable Electricity industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 22.8x which is lower than its 3-year average PE of 67.2x.
  • The 3-year average PS ratio of 4.4x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Renewable Electricity industry have grown 110% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Renewable Energy compare with similar industries?

CA Market-5.29%
Utilities-0.012%
Renewable Energy0.75%
Renewable Energy0.75%
Independent Power Producers and Energy Traders0.70%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BEPC Brookfield RenewableCA$46.282.6%
+CA$427.0m		0.4%PE8.8x
INE Innergex Renewable EnergyCA$14.004.7%
+CA$128.7m		-19.2%PS3.2x
BLX BoralexCA$38.083.3%
+CA$125.4m		-4.0%PE170.1x
SUNN SolarBankCA$7.0815.7%
+CA$25.7m		n/aPS18.6x
ARR Altius Renewable RoyaltiesCA$8.790.9%
+CA$2.5m		-0.6%PB1x
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Latest News

INE

CA$14.00

Innergex Renewable Energy

7D

4.7%

1Y

-19.2%

SUNN

CA$7.08

SolarBank

7D

15.7%

1Y

n/a

SPG

CA$0.37

Spark Power Group

7D

-3.9%

1Y

-50.0%

RE

CA$0.77

RE Royalties

7D

5.5%

1Y

-3.8%

BEPC

CA$46.28

Brookfield Renewable

7D

2.6%

1Y

0.4%

BLX

CA$38.08

Boralex

7D

3.3%

1Y

-4.0%

PIF

CA$14.14

Polaris Renewable Energy

7D

0.6%

1Y

-30.3%

RNW

CA$12.40

TransAlta Renewables

7D

-2.6%

1Y

-28.9%

WEB

CA$1.22

Westbridge Renewable Energy

7D

-2.4%

1Y

378.4%

ARR

CA$8.79

Altius Renewable Royalties

7D

0.9%

1Y

-0.6%

NKW.H

CA$0.045

Oceanic Wind Energy

7D

-10.0%

1Y

-18.2%

CH

CA$0.05

Charbone Hydrogen

7D

11.1%

1Y

-85.3%

REVV

CA$0.34

ReVolve Renewable Power

7D

-26.6%

1Y

-4.2%