Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Canadian (TSX) Renewable Energy Industry Analysis

UpdatedMay 11, 2025
DataAggregated Company Financials
Companies14
  • 7D1.2%
  • 3M4.2%
  • 1Y-0.7%
  • YTD-7.0%

The Renewable Energy industry is up 1.2% in the last week, with Northland Power up 5.4%. In the same time, TransAlta was down 5.9%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 May 2025CA$44.7bCA$19.0bCA$325.1m17.9x137.6x2.4x
Tue, 08 Apr 2025CA$39.9bCA$19.4bCA$671.1m18x59.4x2.1x
Thu, 06 Mar 2025CA$43.2bCA$19.4bCA$665.2m18.9x65x2.2x
Sat, 01 Feb 2025CA$35.7bCA$20.6b-CA$113,264,528.4718.8x-315x1.7x
Mon, 30 Dec 2024CA$55.9bCA$26.4b-CA$1,772,927,119.7421.1x-31.6x2.1x
Wed, 27 Nov 2024CA$57.8bCA$26.0b-CA$1,706,485,287.9015.6x-33.9x2.2x
Fri, 25 Oct 2024CA$59.6bCA$25.8bCA$2.0b13.8x30.1x2.3x
Sun, 22 Sep 2024CA$55.6bCA$25.5bCA$2.0b12.8x28.3x2.2x
Tue, 20 Aug 2024CA$51.8bCA$25.6bCA$2.0b11.7x26.3x2x
Thu, 18 Jul 2024CA$53.8bCA$25.2bCA$2.8b8x19.3x2.1x
Sat, 15 Jun 2024CA$53.7bCA$25.3bCA$2.8b8.2x19.2x2.1x
Mon, 13 May 2024CA$53.6bCA$25.1bCA$2.8b7.8x19.5x2.1x
Wed, 10 Apr 2024CA$46.2bCA$24.9bCA$898.3m11.8x51.4x1.9x
Fri, 08 Mar 2024CA$48.6bCA$24.8bCA$872.9m27.5x55.7x2x
Sun, 04 Feb 2024CA$53.5bCA$26.5bCA$1.2b29.4x43.6x2x
Tue, 02 Jan 2024CA$54.8bCA$24.6bCA$3.4b16x16x2.2x
Thu, 30 Nov 2023CA$52.6bCA$24.9bCA$3.5b14.6x15.2x2.1x
Sat, 28 Oct 2023CA$47.4bCA$24.4bCA$1.7b16.2x27.5x1.9x
Mon, 25 Sep 2023CA$54.7bCA$24.0bCA$1.7b19.6x32.1x2.3x
Wed, 23 Aug 2023CA$55.9bCA$24.1bCA$1.7b16.2x32.7x2.3x
Fri, 21 Jul 2023CA$60.8bCA$23.7bCA$2.8b24.6x22x2.6x
Sun, 18 Jun 2023CA$60.2bCA$23.7bCA$2.8b24.8x21.8x2.5x
Tue, 16 May 2023CA$65.8bCA$24.0bCA$2.8b20.4x23.6x2.7x
Thu, 13 Apr 2023CA$64.8bCA$22.5bCA$2.7b45.6x24.2x2.9x
Sat, 11 Mar 2023CA$59.6bCA$22.9bCA$2.7b42x21.8x2.6x
Mon, 06 Feb 2023CA$60.1bCA$21.8bCA$2.6b25.5x23.5x2.8x
Wed, 04 Jan 2023CA$59.5bCA$21.8bCA$1.6b26x37.2x2.7x
Fri, 02 Dec 2022CA$64.3bCA$21.6bCA$1.6b41x40.5x3x
Sun, 30 Oct 2022CA$64.1bCA$20.8bCA$689.4m30.2x93x3.1x
Tue, 27 Sep 2022CA$70.9bCA$20.9bCA$688.5m32.7x103x3.4x
Thu, 25 Aug 2022CA$78.0bCA$20.3bCA$674.0m37.4x115.7x3.8x
Sat, 23 Jul 2022CA$72.8bCA$19.2b-CA$136,976,039.0035.1x-531.2x3.8x
Mon, 20 Jun 2022CA$67.1bCA$19.3b-CA$141,258,770.0033.5x-475x3.5x
Wed, 18 May 2022CA$67.6bCA$19.2b-CA$135,928,392.0036.6x-497x3.5x
Price to Earnings Ratio

-497x


Total Market Cap: CA$67.6bTotal Earnings: -CA$135,928,392.00Total Revenue: CA$19.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 3.2x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 138x which is higher than its 3-year average PE of 3.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

CA Market1.84%
Utilities-0.076%
Renewable Energy1.22%
Renewable Energy2.98%
Independent Power Producers and Energy Traders-3.35%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 8.3x.
    • Analysts are expecting annual earnings growth of 3.8%, which is higher than its past year's earnings decline of 52.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 45% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 3.8% 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
NPI Northland PowerCA$19.265.4%
+CA$256.3m		-11.2%PE19x
BLX BoralexCA$31.393.1%
+CA$95.6m		5.7%PE89.6x
INE Innergex Renewable EnergyCA$13.600.4%
+CA$12.2m		62.9%PE69.5x
PIF Polaris Renewable EnergyCA$11.993.5%
+CA$8.6m		-4.9%PS2.4x
WEB Westbridge Renewable EnergyCA$0.808.1%
+CA$6.1m		-10.1%PE4.1x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

INE

CA$13.60

Innergex Renewable Energy

7D

0.4%

1Y

62.9%

TA

CA$12.05

TransAlta

7D

-5.9%

1Y

23.7%

Why Investors Shouldn't Be Surprised By TransAlta Corporation's (TSE:TA) Low P/S

May 08
Why Investors Shouldn't Be Surprised By TransAlta Corporation's (TSE:TA) Low P/S

CBLU

CA$0.09

Clear Blue Technologies International

7D

-18.2%

1Y

-70.0%

WEB

CA$0.80

Westbridge Renewable Energy

7D

8.1%

1Y

-10.1%

NUE

CA$0.14

NU E Power

7D

-26.3%

1Y

n/a

RE

CA$0.46

RE Royalties

7D

4.5%

1Y

-8.0%

PIF

CA$11.99

Polaris Renewable Energy

7D

3.5%

1Y

-4.9%

CPX

CA$52.15

Capital Power

7D

-2.3%

1Y

39.1%

Capital Power Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

May 02
Capital Power Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

NPI

CA$19.26

Northland Power

7D

5.4%

1Y

-11.2%

Is Northland Power (TSE:NPI) A Risky Investment?

Apr 26
Is Northland Power (TSE:NPI) A Risky Investment?

BLX

CA$31.39

Boralex

7D

3.1%

1Y

5.7%

REVV

CA$0.23

ReVolve Renewable Power

7D

2.2%

1Y

-34.7%

NKW.H

CA$0.055

Oceanic Wind Energy

7D

22.2%

1Y

-8.3%