Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies13
  • 7D3.3%
  • 3M11.6%
  • 1Y32.2%
  • YTD27.4%

Over the last 7 days, the Renewable Energy industry has risen 3.3%, driven by gains from Capital Power of 2.3%. This means that the industry has gained 32% over the past year. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026CA$62.9bCA$18.7b-CA$368,305,443.96268.4x-170.9x3.4x
Fri, 22 May 2026CA$58.4bCA$18.5b-CA$368,188,748.04234.7x-158.6x3.2x
Sun, 19 Apr 2026CA$58.4bCA$18.3b-CA$145,808,736.88248.2x-400.2x3.2x
Tue, 17 Mar 2026CA$52.2bCA$18.3b-CA$118,715,950.7360.4x-439.8x2.8x
Thu, 12 Feb 2026CA$50.4bCA$17.9b-CA$150,801,637.3711.9x-334.4x2.8x
Sat, 10 Jan 2026CA$46.4bCA$18.0b-CA$629,076,184.483.3x-73.8x2.6x
Mon, 08 Dec 2025CA$48.7bCA$17.9b-CA$625,849,664.5014.2x-77.8x2.7x
Wed, 05 Nov 2025CA$58.4bCA$17.9b-CA$431,204,366.5812.7x-135.4x3.3x
Fri, 03 Oct 2025CA$50.6bCA$17.6b-CA$392,302,630.497.2x-128.9x2.9x
Sun, 31 Aug 2025CA$46.4bCA$17.4b-CA$382,388,539.638.8x-121.3x2.7x
Tue, 29 Jul 2025CA$49.3bCA$17.7bCA$262.7m17.8x187.7x2.8x
Thu, 26 Jun 2025CA$48.9bCA$18.7bCA$303.2m19.2x161.2x2.6x
Sat, 24 May 2025CA$44.8bCA$18.7bCA$301.2m19.4x148.8x2.4x
Mon, 21 Apr 2025CA$40.1bCA$19.1bCA$686.5m18.1x58.4x2.1x
Wed, 19 Mar 2025CA$43.9bCA$19.4bCA$667.0m19.1x65.9x2.3x
Fri, 14 Feb 2025CA$41.8bCA$19.5b-CA$97,321,689.6918x-429.6x2.1x
Sun, 12 Jan 2025CA$39.3bCA$19.5bCA$60.5m21.9x650.2x2x
Tue, 10 Dec 2024CA$57.3bCA$26.1b-CA$1,733,531,032.9320.6x-33.1x2.2x
Thu, 07 Nov 2024CA$58.5bCA$25.4bCA$1.5b14.9x39.4x2.3x
Sat, 05 Oct 2024CA$56.9bCA$25.5bCA$2.0b13.4x29x2.2x
Mon, 02 Sep 2024CA$51.1bCA$25.4bCA$2.0b12x26.1x2x
Wed, 31 Jul 2024CA$51.7bCA$25.4bCA$2.8b7.5x18.4x2x
Fri, 28 Jun 2024CA$52.3bCA$25.2bCA$2.8b8.1x18.8x2.1x
Sun, 26 May 2024CA$55.5bCA$25.2bCA$2.8b7.9x20x2.2x
Tue, 23 Apr 2024CA$43.5bCA$25.1bCA$894.8m11.9x48.6x1.7x
Thu, 21 Mar 2024CA$45.2bCA$24.8bCA$898.9m13.1x50.2x1.8x
Sat, 17 Feb 2024CA$48.2bCA$24.9bCA$1.1b16x42.4x1.9x
Mon, 15 Jan 2024CA$54.5bCA$24.7bCA$3.4b16.5x15.8x2.2x
Wed, 13 Dec 2023CA$52.4bCA$24.9bCA$3.5b14.5x15.1x2.1x
Fri, 10 Nov 2023CA$49.7bCA$25.0bCA$3.5b28.6x14.1x2x
Sun, 08 Oct 2023CA$48.7bCA$24.2bCA$1.7b17.4x28.4x2x
Tue, 05 Sep 2023CA$56.0bCA$24.2bCA$1.7b19.4x32.7x2.3x
Thu, 03 Aug 2023CA$56.5bCA$24.1bCA$2.8b24.1x20.2x2.3x
Sat, 01 Jul 2023CA$60.2bCA$23.8bCA$2.8b23.9x21.7x2.5x
Price to Earnings Ratio

21.7x


Total Market Cap: CA$60.2bTotal Earnings: CA$2.8bTotal Revenue: CA$23.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -33.3x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Renewable Energy industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 7.6% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Canadian Utilities industry?

CA Market-1.50%
Utilities1.53%
Renewable Energy3.32%
Renewable Energy3.66%
Independent Power Producers and Energy Traders2.49%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 55% over the next 5 years.
    • This is better than its past earnings decline of 53% per year.
    • In contrast, the Renewable Energy industry is expected to see its earnings decline by 7.4% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    		CPX Capital PowerCA$74.442.4%
    +CA$267.6m    		30.7%PE506.5x
    		TA TransAltaCA$19.471.6%
    +CA$92.3m    		30.6%PS2.6x
    		BLX BoralexCA$37.040.5%
    +CA$19.5m    		17.3%PS4.2x
    		PIF Polaris Renewable EnergyCA$14.820.8%
    +CA$2.5m    		23.6%PE30.8x
    		NKW.H Oceanic Wind EnergyCA$0.0727.3%
    +CA$1.3m    		27.3%PB8.8x

    Latest News

    CBLU
    CA$0.045
    Clear Blue Technologies International
    7D
    12.5%
    1Y
    -47.1%
    NUE
    CA$0.14
    NU E Power
    7D
    -15.6%
    1Y
    17.4%
    CPX
    CA$74.44
    Capital Power
    7D
    2.4%
    1Y
    30.7%
    TA
    CA$19.47
    TransAlta
    7D
    1.6%
    1Y
    30.6%
    Narrative Update • Jun 23

    TA: Colorado Peaking Acquisition Will Support Long Term Upside

    Analysts kept their CA$28.00 price target for TransAlta unchanged. They pointed to revised assumptions that include a slightly higher discount rate, an adjusted revenue growth outlook, a modestly lower profit margin, and a marginally reduced future P/E multiple.
    BLX
    CA$37.04
    Boralex
    7D
    0.5%
    1Y
    17.3%
    Narrative Update • Jun 22

    BLX: Take Private Deal Progress And Neutral Ratings Will Shape Returns

    The analyst price target for Boralex has shifted modestly to CA$37.25 from CA$38, as analysts factor in the progress toward a potential take private transaction with Brookfield Renewables and adjust their assumptions for discount rates and valuation multiples. Analyst Commentary Recent research on Boralex reflects a more balanced stance, as the stock approaches a potential take private transaction with Brookfield Renewables and analysts revisit their assumptions for discount rates and valuation multiples.
    AIBZ.U
    US$8.30
    Bitzero Holdings
    7D
    -3.5%
    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$22.08
    Northland Power
    7D
    -3.5%
    1Y
    2.2%
    PIF
    CA$14.82
    Polaris Renewable Energy
    7D
    0.8%
    1Y
    23.6%
    REVV
    CA$0.17
    ReVolve Renewable Power
    7D
    -8.1%
    1Y
    -19.0%
    RE
    CA$0.37
    RE Royalties
    7D
    2.8%
    1Y
    -18.7%
    WEB
    CA$1.13
    Westbridge Renewable Energy
    7D
    1.8%
    1Y
    -53.7%
    NKW.H
    CA$0.07
    Oceanic Wind Energy
    7D
    27.3%
    1Y
    27.3%