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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies10
  • 7D1.8%
  • 3M13.4%
  • 1Y33.3%
  • YTDn/a

Over the last 7 days, the Renewable Energy industry has risen 1.8%, driven by gains from Bitzero Holdings of 59%. In the last 12 months, the industry was up 33%. In the next few years, earnings are forecast to decline by 7.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026CA$44.2bCA$12.6b-CA$180,691,919.64555.9x-244.8x3.5x
Thu, 21 May 2026CA$42.3bCA$12.3b-CA$181,475,636.23551.8x-233.2x3.4x
Sat, 18 Apr 2026CA$42.8bCA$12.2b-CA$132,502,736.88484.6x-322.7x3.5x
Mon, 16 Mar 2026CA$37.2bCA$12.2b-CA$102,646,950.73375.7x-362.4x3x
Wed, 11 Feb 2026CA$35.6bCA$11.9b-CA$354,674,693.713.4x-100.3x3x
Fri, 09 Jan 2026CA$32.8bCA$12.0b-CA$831,082,593.622.5x-39.4x2.7x
Sun, 07 Dec 2025CA$32.9bCA$12.0b-CA$829,780,664.503.3x-39.7x2.8x
Tue, 04 Nov 2025CA$38.3bCA$11.9b-CA$659,393,813.943.4x-58x3.2x
Thu, 02 Oct 2025CA$33.0bCA$11.8b-CA$647,489,052.314.6x-51x2.8x
Sat, 30 Aug 2025CA$32.8bCA$11.7b-CA$638,443,539.633.2x-51.4x2.8x
Mon, 28 Jul 2025CA$34.4bCA$11.4b-CA$365,520,250.529.8x-94.1x3x
Wed, 25 Jun 2025CA$35.3bCA$12.4b-CA$326,803,340.6214.8x-107.9x2.8x
Fri, 23 May 2025CA$33.6bCA$12.5b-CA$335,287,340.4520.5x-100.3x2.7x
Sun, 20 Apr 2025CA$29.7bCA$12.5b-CA$177,495,974.3138.9x-167.2x2.4x
Tue, 18 Mar 2025CA$32.7bCA$12.8b-CA$216,297,613.8639.2x-151.3x2.6x
Thu, 13 Feb 2025CA$29.3bCA$12.9b-CA$821,502,595.2321.8x-35.7x2.3x
Sat, 11 Jan 2025CA$24.6bCA$12.8b-CA$659,281,310.0124.3x-37.3x1.9x
Mon, 09 Dec 2024CA$42.4bCA$19.4b-CA$2,449,750,190.7723.9x-17.3x2.2x
Wed, 06 Nov 2024CA$45.5bCA$18.7bCA$777.6m21.4x58.5x2.4x
Fri, 04 Oct 2024CA$46.8bCA$18.4bCA$757.8m24.5x61.7x2.5x
Sun, 01 Sep 2024CA$41.5bCA$18.3bCA$753.8m24.4x55.1x2.3x
Tue, 30 Jul 2024CA$43.0bCA$18.1bCA$1.6b12.4x27.3x2.4x
Thu, 27 Jun 2024CA$44.6bCA$18.0bCA$1.6b12.7x28.6x2.5x
Sat, 25 May 2024CA$46.7bCA$18.0bCA$1.6b12.8x30.1x2.6x
Mon, 22 Apr 2024CA$35.9bCA$17.6b-CA$487,543,317.8735.3x-73.7x2x
Wed, 20 Mar 2024CA$37.3bCA$17.5b-CA$484,989,404.8336.7x-76.8x2.1x
Fri, 16 Feb 2024CA$39.5bCA$17.3bCA$51.1m29.7x773x2.3x
Sun, 14 Jan 2024CA$46.8bCA$17.1bCA$2.4b29.3x19.8x2.7x
Tue, 12 Dec 2023CA$45.2bCA$17.3bCA$2.4b28.5x19x2.6x
Thu, 09 Nov 2023CA$42.0bCA$17.4bCA$2.4b42.2x17.2x2.4x
Sat, 07 Oct 2023CA$40.5bCA$17.0bCA$1.2b40.4x35.1x2.4x
Mon, 04 Sep 2023CA$47.5bCA$17.0bCA$1.1b38.3x41.3x2.8x
Wed, 02 Aug 2023CA$50.0bCA$16.9bCA$2.4b45.9x21.2x3x
Fri, 30 Jun 2023CA$51.2bCA$16.9bCA$2.4b38.1x21.7x3x
Price to Earnings Ratio

21.7x


Total Market Cap: CA$51.2bTotal Earnings: CA$2.4bTotal Revenue: CA$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -41.2x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Renewable Electricity industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.5x.
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 9.3% per year, which is driving profits down.

Industry Comparison

How does Canadian Renewable Energy compare with similar industries?

CA Market-1.03%
Utilities-0.60%
Renewable Energy1.59%
Renewable Energy1.78%
Independent Power Producers and Energy Traders1.10%
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
AIBZ.U Bitzero HoldingsUS$8.9644.5%
+US$152.2m		n/aPS18.5x
BLX BoralexCA$36.900.1%
+CA$4.1m		15.1%PS4.2x
WEB Westbridge Renewable EnergyCA$1.2011.1%
+CA$3.2m		-53.1%PB0.9x
NPI Northland PowerCA$22.810.04%
+CA$2.6m		6.5%PS2.3x
NKW.H Oceanic Wind EnergyCA$0.05510.0%
+CA$436.6k		0%PB7x

Latest News

AIBZ.U
US$8.96
Bitzero Holdings
7D
44.5%
1Y
n/a
Analysis Article • Jun 18

Bitzero Holdings (CNSX:AIBZ.U) Stock Looks Rich After Norway Data Center Lease And Nasdaq Debut

Bitzero Holdings (CNSX:AIBZ.U) is drawing fresh attention after updating investors on construction progress at its 110 MW Norway data center campus, alongside a new 15 year lease agreement with OneQode Networks. See our latest analysis for Bitzero Holdings. Bitzero Holdings has seen sharp momentum build, with a 1 day share price return of 13.91% and a 90 day share price return of 273.91% as Nasdaq listing, board changes, and data center progress attract fresh attention. The latest share price...
NPI
CA$22.81
Northland Power
7D
0.04%
1Y
6.5%
RESO
CA$0.12
ReSolve Energie
7D
-4.2%
1Y
n/a
NUE
CA$0.15
NU E Power
7D
-6.1%
1Y
29.2%
PIF
CA$14.79
Polaris Renewable Energy
7D
-0.3%
1Y
23.5%
BLX
CA$36.90
Boralex
7D
0.1%
1Y
15.1%
Narrative Update • Jun 07

BLX: Take Private Progress And Neutral Ratings Will Shape Return Profile

Narrative update The consensus analyst price target for Boralex has edged down to CA$37.25, a CA$0.75 reduction, as analysts weigh the company’s progress toward a take private transaction with Brookfield Renewables, along with modest adjustments to discount rate and P/E assumptions. Analyst Commentary Recent Street research on Boralex has become more balanced as the stock trades closer to the proposed take private price with Brookfield Renewables and as valuation work is fine tuned around that outcome.
RE
CA$0.38
RE Royalties
7D
1.3%
1Y
-20.8%
WEB
CA$1.20
Westbridge Renewable Energy
7D
11.1%
1Y
-53.1%
NKW.H
CA$0.055
Oceanic Wind Energy
7D
10.0%
1Y
0%
AKH.H
CA$0.03
Alaska Hydro
7D
20.0%
1Y
0%