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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies11
  • 7D2.9%
  • 3M21.4%
  • 1Y3.4%
  • YTDn/a

The Renewable Energy industry is up 2.9% in the last week, with Northland Power up 5.1%. In the last 12 months, the industry was up 3.4%. Looking forward, earnings are forecast to grow by 43% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 06 Jul 2025CA$35.0bCA$12.4b-CA$320,251,943.3815.6x-109.2x2.8x
Tue, 03 Jun 2025CA$33.3bCA$12.4b-CA$325,612,146.8215.1x-102.4x2.7x
Thu, 01 May 2025CA$31.4bCA$12.5b-CA$175,088,682.4039.8x-179.3x2.5x
Sat, 29 Mar 2025CA$32.6bCA$12.8b-CA$195,686,122.1938.6x-166.8x2.6x
Mon, 24 Feb 2025CA$31.3bCA$12.9b-CA$676,169,655.7331.4x-46.2x2.4x
Wed, 22 Jan 2025CA$23.9bCA$12.8b-CA$656,190,360.8623.5x-36.4x1.9x
Fri, 20 Dec 2024CA$40.9bCA$19.6b-CA$2,488,679,002.9323.5x-16.4x2.1x
Sun, 17 Nov 2024CA$44.0bCA$19.3b-CA$2,432,474,611.9015.3x-18.1x2.3x
Tue, 15 Oct 2024CA$44.4bCA$18.6bCA$768.4m24.4x57.7x2.4x
Thu, 12 Sep 2024CA$42.8bCA$18.4bCA$758.7m24.5x56.4x2.3x
Sat, 10 Aug 2024CA$42.9bCA$18.5bCA$534.9m19x80.2x2.3x
Mon, 08 Jul 2024CA$43.8bCA$17.9bCA$1.5b12.5x28.3x2.4x
Wed, 05 Jun 2024CA$47.0bCA$18.0bCA$1.6b13.4x30.2x2.6x
Fri, 03 May 2024CA$39.6bCA$17.5b-CA$455,808,741.1515.8x-86.9x2.3x
Sun, 31 Mar 2024CA$38.8bCA$17.4b-CA$484,548,063.2137.7x-80.1x2.2x
Tue, 27 Feb 2024CA$38.2bCA$17.4b-CA$583,231,982.8440.6x-65.6x2.2x
Thu, 25 Jan 2024CA$46.8bCA$17.2bCA$2.4b29.4x19.7x2.7x
Sat, 23 Dec 2023CA$47.2bCA$17.0bCA$2.3b29.2x20.2x2.8x
Mon, 20 Nov 2023CA$44.5bCA$17.4bCA$2.4b37.7x18.5x2.6x
Wed, 18 Oct 2023CA$40.4bCA$17.0bCA$1.2b39x35.1x2.4x
Fri, 15 Sep 2023CA$46.5bCA$16.9bCA$1.1b34.3x40.6x2.8x
Sun, 13 Aug 2023CA$47.9bCA$16.8bCA$1.1b21.1x42.1x2.9x
Tue, 11 Jul 2023CA$50.8bCA$16.9bCA$2.4b37.6x21.5x3x
Thu, 08 Jun 2023CA$55.8bCA$17.0bCA$2.4b26.9x23.5x3.3x
Sat, 06 May 2023CA$56.2bCA$16.9bCA$2.5b26.6x22.4x3.3x
Mon, 03 Apr 2023CA$57.2bCA$16.7bCA$2.5b27.6x22.5x3.4x
Wed, 01 Mar 2023CA$48.7bCA$16.8bCA$2.5b25.7x19.9x2.9x
Fri, 27 Jan 2023CA$52.9bCA$16.2bCA$1.3b16.5x40.3x3.3x
Sun, 25 Dec 2022CA$49.9bCA$16.4bCA$1.3b15x37.6x3x
Tue, 22 Nov 2022CA$53.9bCA$16.3bCA$1.3b21.4x40.8x3.3x
Thu, 20 Oct 2022CA$54.8bCA$16.1bCA$941.7m28.5x58.2x3.4x
Sat, 17 Sep 2022CA$68.4bCA$15.7bCA$929.6m36.6x73.6x4.4x
Mon, 15 Aug 2022CA$68.7bCA$15.3bCA$921.0m38.7x74.6x4.5x
Wed, 13 Jul 2022CA$60.6bCA$14.6bCA$85.6m34.5x707.9x4.1x
Price to Earnings Ratio

707.9x


Total Market Cap: CA$60.6bTotal Earnings: CA$85.6mTotal Revenue: CA$14.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 36.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Renewable Electricity industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • Total earnings for the Renewable Electricity industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 5.4% per year, which is driving profits down.

Industry Comparison

How does Canadian Renewable Energy compare with similar industries?

CA Market1.38%
Utilities0.61%
Renewable Energy1.54%
Renewable Energy2.88%
Independent Power Producers and Energy Traders-2.02%
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
NPI Northland PowerCA$22.495.1%
+CA$285.0m		-5.2%PE22.9x
BLX BoralexCA$32.923.8%
+CA$125.4m		-4.1%PE307.6x
PIF Polaris Renewable EnergyCA$12.172.0%
+CA$4.9m		-3.5%PS2.5x
WEB Westbridge Renewable EnergyCA$0.623.3%
+CA$2.0m		-26.2%PE3.2x
REVV ReVolve Renewable PowerCA$0.2311.9%
+CA$1.7m		-32.9%PE9.1x

Latest News

BLX
CA$32.92
Boralex
7D
3.8%
1Y
-4.1%

Boralex (TSE:BLX) Will Want To Turn Around Its Return Trends

Jul 05
Boralex (TSE:BLX) Will Want To Turn Around Its Return Trends
REVV
CA$0.23
ReVolve Renewable Power
7D
11.9%
1Y
-32.9%
INE
CA$13.73
Innergex Renewable Energy
7D
-0.7%
1Y
32.0%
PIF
CA$12.17
Polaris Renewable Energy
7D
2.0%
1Y
-3.5%
NPI
CA$22.49
Northland Power
7D
5.1%
1Y
-5.2%
WEB
CA$0.62
Westbridge Renewable Energy
7D
3.3%
1Y
-26.2%
NUE
CA$0.11
NU E Power
7D
-8.3%
1Y
n/a
NKW.H
CA$0.065
Oceanic Wind Energy
7D
8.3%
1Y
44.4%