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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies11
  • 7D-0.8%
  • 3M17.1%
  • 1Y-11.8%
  • YTDn/a

The Renewable Energy industry has stayed flat over the last week. Unfortunately though, the industry is down 12% over the past 12 months. As for the next few years, earnings are forecast to decline by 4.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CA$43.1bCA$18.1bCA$1.6b12.3x27.4x2.4x
Sun, 23 Jun 2024CA$43.3bCA$18.0bCA$1.6b12.7x27.8x2.4x
Tue, 21 May 2024CA$46.1bCA$17.9bCA$1.5b12.7x29.8x2.6x
Thu, 18 Apr 2024CA$35.3bCA$17.7b-CA$487,994,745.3834.9x-72.4x2x
Sat, 16 Mar 2024CA$38.2bCA$17.4b-CA$484,544,032.7037.9x-78.9x2.2x
Mon, 12 Feb 2024CA$39.9bCA$17.2bCA$51.4m29.5x777x2.3x
Wed, 10 Jan 2024CA$48.8bCA$17.1bCA$2.4b29.4x20.7x2.9x
Fri, 08 Dec 2023CA$46.2bCA$17.3bCA$2.4b28.7x19.4x2.7x
Sun, 05 Nov 2023CA$42.6bCA$17.4bCA$2.7b45x15.8x2.4x
Tue, 03 Oct 2023CA$41.3bCA$17.0bCA$1.2b33.6x35.8x2.4x
Thu, 31 Aug 2023CA$48.2bCA$16.9bCA$1.1b30.1x42x2.9x
Sat, 29 Jul 2023CA$51.9bCA$16.9bCA$2.4b45.6x22x3.1x
Mon, 26 Jun 2023CA$51.4bCA$16.8bCA$2.4b37.6x21.8x3.1x
Wed, 24 May 2023CA$55.9bCA$17.1bCA$2.4b27.7x23.4x3.3x
Fri, 21 Apr 2023CA$55.6bCA$16.7bCA$2.5b27.5x21.9x3.3x
Sun, 19 Mar 2023CA$53.8bCA$16.9bCA$2.6b26.8x21x3.2x
Tue, 14 Feb 2023CA$50.0bCA$16.4bCA$2.3b13x21.9x3x
Thu, 12 Jan 2023CA$51.9bCA$16.3bCA$1.3b15.7x39.4x3.2x
Sat, 10 Dec 2022CA$53.9bCA$16.4bCA$1.3b49.2x40.6x3.3x
Mon, 07 Nov 2022CA$55.6bCA$16.2bCA$1.2b21x45.7x3.4x
Wed, 05 Oct 2022CA$60.5bCA$15.9bCA$936.4m32x64.6x3.8x
Fri, 02 Sep 2022CA$66.4bCA$15.6bCA$927.4m36.4x71.5x4.3x
Sun, 31 Jul 2022CA$65.3bCA$14.5bCA$85.3m37x765.4x4.5x
Tue, 28 Jun 2022CA$60.8bCA$14.5bCA$88.7m34.9x684.6x4.2x
Thu, 26 May 2022CA$61.7bCA$14.5bCA$89.6m36.2x688.1x4.3x
Sat, 23 Apr 2022CA$61.7bCA$13.9bCA$927.9m43.4x66.5x4.4x
Mon, 21 Mar 2022CA$66.8bCA$13.9bCA$938.6m44.5x71.2x4.8x
Wed, 16 Feb 2022CA$57.5bCA$13.8bCA$831.7m21.8x69.1x4.2x
Fri, 14 Jan 2022CA$55.2bCA$13.3b-CA$1,230,517,643.0029.9x-44.9x4.2x
Sun, 12 Dec 2021CA$56.8bCA$13.4b-CA$1,254,458,327.0033.2x-45.3x4.2x
Tue, 09 Nov 2021CA$63.8bCA$13.5b-CA$1,101,056,309.0024x-57.9x4.7x
Thu, 07 Oct 2021CA$60.7bCA$13.1b-CA$3,071,485,259.0012.1x-19.8x4.6x
Sat, 04 Sep 2021CA$68.6bCA$12.9b-CA$3,028,979,415.7625.4x-22.7x5.3x
Mon, 02 Aug 2021CA$67.0bCA$12.9b-CA$3,028,979,415.7627.5x-22.1x5.2x
Price to Earnings Ratio

-22.1x


Total Market Cap: CA$67.0bTotal Earnings: -CA$3,028,979,415.76Total Revenue: CA$12.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 79x202220232024
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 27.4x which is lower than its 3-year average PE of 79.0x.
  • The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • Total earnings for the Renewable Electricity industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 12% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does Canadian Renewable Energy compare with similar industries?

CA Market-0.31%
Utilities1.50%
Renewable Energy-0.61%
Renewable Energy-0.84%
Independent Power Producers and Energy Traders0.60%
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
RNW TransAlta RenewablesCA$12.340.4%
+CA$13.3m		-9.1%PE42.2x
BLX BoralexCA$32.870.3%
+CA$9.2m		-6.2%PE33.8x
ARR Altius Renewable RoyaltiesCA$9.552.6%
+CA$7.4m		2.4%PB1x
WEB Westbridge Renewable EnergyCA$0.872.4%
+CA$2.0m		-34.6%PE2.8x
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Latest News

NPI

CA$23.07

Northland Power

7D

-0.6%

1Y

-12.3%

INE

CA$9.74

Innergex Renewable Energy

7D

-3.0%

1Y

-23.4%

PIF

CA$12.67

Polaris Renewable Energy

7D

-2.2%

1Y

-10.1%

ARR

CA$9.55

Altius Renewable Royalties

7D

2.6%

1Y

2.4%

BLX

CA$32.87

Boralex

7D

0.3%

1Y

-6.2%

RE

CA$0.47

RE Royalties

7D

-2.1%

1Y

-34.5%

BEPC

CA$38.86

Brookfield Renewable

7D

-1.2%

1Y

-6.8%

REVV

CA$0.35

ReVolve Renewable Power

7D

-5.4%

1Y

-7.9%

WEB

CA$0.87

Westbridge Renewable Energy

7D

2.4%

1Y

-34.6%

SXI

CA$1.81

Synex Renewable Energy

7D

-2.2%

1Y

-10.0%

RNW

CA$12.34

TransAlta Renewables

7D

0.4%

1Y

-9.1%