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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedMar 22, 2025
DataAggregated Company Financials
Companies12
  • 7D4.1%
  • 3M7.6%
  • 1Y8.3%
  • YTDn/a

Over the last 7 days, the Renewable Energy industry has risen 2.3%, driven by gains from Northland Power of 2.2%. This takes the industry's 12 month performance to a gain of 8.8%. Earnings are forecast to grow by 6.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Mar 2025CA$33.8bCA$12.8b-CA$218,612,019.9139.1x-154.4x2.6x
Mon, 17 Feb 2025CA$29.6bCA$12.8b-CA$816,299,108.4222.1x-36.2x2.3x
Wed, 15 Jan 2025CA$23.9bCA$12.8b-CA$656,916,445.5123.2x-36.4x1.9x
Fri, 13 Dec 2024CA$42.2bCA$19.5b-CA$2,461,899,331.6524.6x-17.1x2.2x
Sun, 10 Nov 2024CA$45.4bCA$19.2b-CA$2,188,218,173.4726x-20.7x2.4x
Tue, 08 Oct 2024CA$46.3bCA$18.4bCA$761.3m24.3x60.9x2.5x
Thu, 05 Sep 2024CA$40.6bCA$18.3bCA$755.8m24.2x53.7x2.2x
Sat, 03 Aug 2024CA$42.5bCA$18.1bCA$1.6b15.9x27x2.3x
Mon, 01 Jul 2024CA$43.1bCA$18.0bCA$1.6b12.5x27.7x2.4x
Wed, 29 May 2024CA$47.8bCA$17.9bCA$1.5b13.4x30.9x2.7x
Fri, 26 Apr 2024CA$36.6bCA$17.5b-CA$485,790,042.9635.8x-75.3x2.1x
Sun, 24 Mar 2024CA$38.6bCA$17.5b-CA$485,870,072.8036.5x-79.4x2.2x
Tue, 20 Feb 2024CA$39.8bCA$17.3bCA$51.2m29.2x778.2x2.3x
Thu, 18 Jan 2024CA$46.1bCA$17.2bCA$2.4b29.2x19.4x2.7x
Sat, 16 Dec 2023CA$48.2bCA$17.1bCA$2.4b29.2x20.4x2.8x
Mon, 13 Nov 2023CA$41.2bCA$17.5bCA$2.4b40.5x16.9x2.4x
Wed, 11 Oct 2023CA$41.6bCA$16.9bCA$1.1b40.4x36.2x2.5x
Fri, 08 Sep 2023CA$45.7bCA$17.0bCA$1.2b37.7x39.6x2.7x
Sun, 06 Aug 2023CA$48.2bCA$16.9bCA$1.3b21.1x36.6x2.9x
Tue, 04 Jul 2023CA$51.8bCA$16.9bCA$2.4b38.9x21.9x3.1x
Thu, 01 Jun 2023CA$54.7bCA$17.2bCA$2.4b27.3x22.8x3.2x
Sat, 29 Apr 2023CA$55.8bCA$16.8bCA$2.5b27.9x21.9x3.3x
Mon, 27 Mar 2023CA$54.1bCA$16.9bCA$2.6b26.7x21.1x3.2x
Wed, 22 Feb 2023CA$49.9bCA$16.6bCA$2.3b13x21.7x3x
Fri, 20 Jan 2023CA$53.4bCA$16.3bCA$1.3b16.5x40.5x3.3x
Sun, 18 Dec 2022CA$52.4bCA$16.5bCA$1.3b16.2x39.4x3.2x
Tue, 15 Nov 2022CA$55.6bCA$16.1bCA$1.3b21x42.5x3.4x
Thu, 13 Oct 2022CA$53.1bCA$16.1bCA$941.9m27.5x56.4x3.3x
Sat, 10 Sep 2022CA$67.1bCA$15.5bCA$924.2m37x72.6x4.3x
Mon, 08 Aug 2022CA$67.7bCA$15.3bCA$675.0m38.2x100.3x4.4x
Wed, 06 Jul 2022CA$60.7bCA$14.7bCA$83.8m34.6x724.2x4.1x
Fri, 03 Jun 2022CA$58.6bCA$14.4bCA$94.7m35.3x618.9x4.1x
Sun, 01 May 2022CA$60.1bCA$14.0bCA$935.4m42x64.2x4.3x
Tue, 29 Mar 2022CA$65.9bCA$13.8bCA$933.7m43.4x70.5x4.8x
Price to Earnings Ratio

70.5x


Total Market Cap: CA$65.9bTotal Earnings: CA$933.7mTotal Revenue: CA$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 81.8x202320242025
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 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.6x.
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 2.5% per year, which is driving profits down.

Industry Comparison

How does Canadian Renewable Energy compare with similar industries?

CA Market1.47%
Utilities1.80%
Renewable Energy3.96%
Renewable Energy4.11%
Independent Power Producers and Energy Traders3.51%
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$20.065.9%
+CA$289.7m		-11.4%PE19.7x
BLX BoralexCA$29.803.3%
+CA$97.6m		7.7%PE85.1x
INE Innergex Renewable EnergyCA$13.540.3%
+CA$8.1m		69.7%PE268x
RE RE RoyaltiesCA$0.473.3%
+CA$648.9k		-5.0%PS6.3x
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Latest News

NPI

CA$20.06

Northland Power

7D

5.9%

1Y

-11.4%

Slowing Rates Of Return At Northland Power (TSE:NPI) Leave Little Room For Excitement

Mar 21
Slowing Rates Of Return At Northland Power (TSE:NPI) Leave Little Room For Excitement

SXI

CA$1.52

Synex Renewable Energy

7D

-1.3%

1Y

-20.8%

WEB

CA$0.78

Westbridge Renewable Energy

7D

-1.3%

1Y

-19.6%

PIF

CA$11.91

Polaris Renewable Energy

7D

-0.2%

1Y

4.3%

BLX

CA$29.80

Boralex

7D

3.3%

1Y

7.7%

INE

CA$13.54

Innergex Renewable Energy

7D

0.3%

1Y

69.7%

REVV

CA$0.22

ReVolve Renewable Power

7D

-22.8%

1Y

-15.4%

NUE

CA$0.40

NU E Power

7D

-16.0%

1Y

n/a

CH

CA$0.05

Charbone Hydrogen

7D

-16.7%

1Y

-47.4%

RE

CA$0.47

RE Royalties

7D

3.3%

1Y

-5.0%

NKW.H

CA$0.035

Oceanic Wind Energy

7D

-12.5%

1Y

-61.1%

SOLR

CA$0.015

Solar Alliance Energy

7D

-25.0%

1Y

-72.7%