Canadian (TSX) Renewable Energy Industry Analysis
UpdatedMay 28, 2022
DataAggregated Company Financials
Companies17
- 7D1.5%
- 3M5.0%
- 1Y-4.7%
- YTD3.9%
In the last week, the Renewable Energy industry is up 3.2%, with Brookfield Renewable up 2.2%. However, the industry is down 6.2% over the past year. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Canadian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | CA$61.8b | CA$14.4b | CA$91.4m | 36.2x |
| Mon, 25 Apr 2022 | CA$61.7b | CA$13.9b | CA$927.9m | 43.4x |
| Wed, 23 Mar 2022 | CA$66.8b | CA$13.8b | CA$937.2m | 43.7x |
| Fri, 18 Feb 2022 | CA$57.3b | CA$13.7b | CA$829.5m | 21.6x |
| Sun, 16 Jan 2022 | CA$54.1b | CA$13.3b | -CA$1,244,953,115.00 | 29.4x |
| Tue, 14 Dec 2021 | CA$57.5b | CA$13.5b | -CA$1,264,426,661.00 | 33.3x |
| Thu, 11 Nov 2021 | CA$63.8b | CA$13.3b | -CA$1,111,483,639.00 | 22.2x |
| Sat, 09 Oct 2021 | CA$60.5b | CA$13.0b | -CA$3,026,748,199.00 | 11.9x |
| Mon, 06 Sep 2021 | CA$68.7b | CA$12.9b | -CA$3,006,440,503.51 | 11.4x |
| Wed, 04 Aug 2021 | CA$66.1b | CA$12.9b | -CA$3,028,979,415.76 | 27.6x |
| Sat, 08 May 2021 | CA$64.7b | CA$12.9b | -CA$3,778,803,982.32 | 25x |
| Tue, 09 Feb 2021 | CA$79.5b | CA$13.0b | -CA$3,309,883,529.60 | 19.7x |
| Mon, 02 Nov 2020 | CA$65.9b | CA$13.3b | -CA$1,455,088,473.15 | 23.7x |
| Thu, 06 Aug 2020 | CA$49.5b | CA$13.5b | CA$406.3m | 20.2x |
| Sun, 10 May 2020 | CA$32.4b | CA$9.8b | CA$257.8m | 16x |
| Sat, 01 Feb 2020 | CA$31.9b | CA$8.8b | CA$340.3m | 21.6x |
| Tue, 05 Nov 2019 | CA$27.1b | CA$8.5b | CA$698.5m | 18.2x |
| Fri, 09 Aug 2019 | CA$24.1b | CA$8.1b | CA$621.1m | 17.1x |
Median PE Ratio
14.5x
Current Industry PE
- Investors are optimistic on the industry, and appear confident in long-term growth rates.
- The industry is trading at a PE ratio of 36.2x which is higher than its 3-year average PE of 22.3x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have declined 49% per year over the last three years.
- Meanwhile revenues for these companies have grown 26% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Canadian Renewable Energy compare with similar industries?
| CA Market | 2.76% | |
| Utilities | 0.23% | |
| Renewable Energy | 1.35% | |
| Renewable Energy | 1.50% | |
| Independent Power Producers and Energy Traders | 0.38% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BEPC Brookfield Renewable | CA$47.98 | 2.2% +CA$376.3m | -7.0% | PS3.8x | |
| BLX Boralex | CA$40.77 | 2.4% +CA$99.6m | 10.7% | PS135.1x | |
| ARR Altius Renewable Royalties | CA$9.25 | 2.1% +CA$5.0m | -1.1% | PB1.2x | |
| JPWR.UN Jade Power Trust | CA$2.56 | 8.9% +CA$4.7m | 21.9% | PS15.5x | |
| PIF Polaris Infrastructure | CA$20.11 | 1.1% +CA$4.3m | 13.0% | PS78.5x |