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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies13
  • 7D2.2%
  • 3M20.1%
  • 1Y49.8%
  • YTD20.6%

Over the last 7 days, the Renewable Energy industry has risen 1.2%, driven by gains from Capital Power of 1.1%. This means that the industry has gained 49% over the past year. As for the next few years, earnings are forecast to decline by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026CA$59.3bCA$18.4b-CA$145,420,690.97249.1x-408.1x3.2x
Fri, 13 Mar 2026CA$52.7bCA$18.3b-CA$119,216,467.1960.7x-442.1x2.9x
Sun, 08 Feb 2026CA$50.1bCA$18.0b-CA$151,065,135.3411.8x-331.8x2.8x
Tue, 06 Jan 2026CA$47.5bCA$17.9b-CA$623,411,849.413.5x-76.2x2.7x
Thu, 04 Dec 2025CA$48.3bCA$18.0b-CA$630,540,383.0214.2x-76.6x2.7x
Sat, 01 Nov 2025CA$56.4bCA$17.8b-CA$427,056,663.343.9x-132x3.2x
Mon, 29 Sep 2025CA$49.1bCA$17.6b-CA$391,182,164.647.5x-125.4x2.8x
Wed, 27 Aug 2025CA$46.7bCA$17.5b-CA$386,796,573.868.7x-120.6x2.7x
Fri, 25 Jul 2025CA$49.8bCA$17.6bCA$267.1m17.6x186.4x2.8x
Sun, 22 Jun 2025CA$48.8bCA$18.7bCA$302.2m19.4x161.5x2.6x
Tue, 20 May 2025CA$46.7bCA$18.9bCA$288.9m19.9x161.5x2.5x
Thu, 17 Apr 2025CA$40.9bCA$19.1bCA$685.8m18.1x59.6x2.1x
Sat, 15 Mar 2025CA$43.9bCA$19.4bCA$664.4m18.6x66x2.3x
Mon, 10 Feb 2025CA$42.1bCA$19.6b-CA$101,592,581.8218.3x-414.1x2.1x
Wed, 08 Jan 2025CA$41.8bCA$19.5bCA$62.8m20.8x665.5x2.1x
Fri, 06 Dec 2024CA$57.4bCA$25.9b-CA$1,711,017,303.3519.9x-33.5x2.2x
Sun, 03 Nov 2024CA$55.8bCA$25.8bCA$1.9b13.9x29.4x2.2x
Tue, 01 Oct 2024CA$58.6bCA$25.5bCA$2.0b13.5x29.9x2.3x
Thu, 29 Aug 2024CA$52.2bCA$25.4bCA$2.0b12x26.7x2.1x
Sat, 27 Jul 2024CA$51.1bCA$25.4bCA$2.8b7.7x18.2x2x
Mon, 24 Jun 2024CA$51.6bCA$25.2bCA$2.8b7.9x18.5x2x
Wed, 22 May 2024CA$54.3bCA$25.2bCA$2.8b7.9x19.5x2.2x
Fri, 19 Apr 2024CA$43.4bCA$25.1bCA$894.4m11.8x48.5x1.7x
Sun, 17 Mar 2024CA$46.1bCA$24.9bCA$897.8m11.7x51.3x1.8x
Tue, 13 Feb 2024CA$47.7bCA$24.8bCA$1.1b15.7x42x1.9x
Thu, 11 Jan 2024CA$56.8bCA$24.7bCA$3.4b16.8x16.5x2.3x
Sat, 09 Dec 2023CA$53.8bCA$24.9bCA$3.5b15.1x15.5x2.2x
Mon, 06 Nov 2023CA$50.8bCA$25.0bCA$3.5b15.9x14.5x2x
Wed, 04 Oct 2023CA$47.0bCA$24.2bCA$1.7b17.2x27.4x1.9x
Fri, 01 Sep 2023CA$56.0bCA$24.1bCA$1.7b17.2x32.8x2.3x
Sun, 30 Jul 2023CA$60.5bCA$23.8bCA$2.8b24.6x21.8x2.5x
Tue, 27 Jun 2023CA$60.0bCA$23.7bCA$2.8b23.9x21.8x2.5x
Thu, 25 May 2023CA$63.8bCA$24.1bCA$2.8b20x22.8x2.6x
Sat, 22 Apr 2023CA$64.9bCA$22.6bCA$2.7b45.3x24.1x2.9x
Price to Earnings Ratio

24.1x


Total Market Cap: CA$64.9bTotal Earnings: CA$2.7bTotal Revenue: CA$22.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -17.6x202420252026
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 3.3x.
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 6.6% per year, which is driving profits down.

Industry Trends

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

CA Market2.81%
Utilities-0.40%
Renewable Energy2.17%
Renewable Energy3.32%
Independent Power Producers and Energy Traders-0.72%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 57% over the next 5 years.
    • This is better than its past earnings decline of 51% per year.
    • In contrast, the Renewable Energy industry is expected to see its earnings decline by 45% 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
    		PIF Polaris Renewable EnergyCA$13.104.0%
    +CA$10.5m    		12.9%PS2.5x
    		MXG Maxim PowerCA$4.450.9%
    +CA$2.5m    		14.4%PE16.9x
    		NUE NU E PowerCA$0.1412.0%
    +CA$989.5k    		-36.4%PS97.1x
    		BITZ.U Bitzero HoldingsUS$2.400.4%
    +US$539.5k    		n/aPS4.7x
    		CBLU Clear Blue Technologies InternationalCA$0.069.1%
    +CA$606.1k    		-20.0%PS2x

    Latest News

    NPI
    CA$23.27
    Northland Power
    7D
    -3.1%
    1Y
    25.9%
    CPX
    CA$67.07
    Capital Power
    7D
    -0.09%
    1Y
    43.6%

    CPX: Reliability Focus And New Finance Leadership Will Shape Future Returns

    Analysts have kept their fair value estimate for Capital Power steady at about CA$74.54, with only very small tweaks to inputs such as the discount rate and future P/E assumptions. This reflects incremental model updates rather than a major change in view.
    WEB
    CA$1.57
    Westbridge Renewable Energy
    7D
    -1.9%
    1Y
    -36.7%
    TA
    CA$18.50
    TransAlta
    7D
    -2.0%
    1Y
    54.2%
    PIF
    CA$13.10
    Polaris Renewable Energy
    7D
    4.0%
    1Y
    12.9%
    NUE
    CA$0.14
    NU E Power
    7D
    12.0%
    1Y
    -36.4%
    CBLU
    CA$0.06
    Clear Blue Technologies International
    7D
    9.1%
    1Y
    -20.0%
    MXG
    CA$4.45
    Maxim Power
    7D
    0.9%
    1Y
    14.4%
    REVV
    CA$0.17
    ReVolve Renewable Power
    7D
    -2.8%
    1Y
    -20.5%
    RESO
    CA$0.17
    ReSolve Energie
    7D
    -2.8%
    1Y
    n/a
    BITZ.U
    US$2.40
    Bitzero Holdings
    7D
    0.4%
    1Y
    n/a
    NKW.H
    CA$0.05
    Oceanic Wind Energy
    7D
    -9.1%
    1Y
    -16.7%
    RE
    CA$0.37
    RE Royalties
    7D
    -8.6%
    1Y
    -17.8%
    AKH.H
    CA$0.035
    Alaska Hydro
    7D
    40.0%
    1Y
    75.0%