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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies13
  • 7D0.7%
  • 3M10.8%
  • 1Y32.7%
  • YTD26.9%

The Renewable Energy industry has stayed flat over the last week. The past year has been better, since the industry has gained 33% in that time. 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
Sat, 27 Jun 2026CA$62.2bCA$18.7b-CA$368,386,241.88269.8x-168.9x3.3x
Mon, 25 May 2026CA$60.2bCA$18.5b-CA$368,271,004.86237.1x-163.3x3.3x
Wed, 22 Apr 2026CA$58.2bCA$18.3b-CA$145,912,257.35232.9x-398.7x3.2x
Fri, 20 Mar 2026CA$54.4bCA$18.4b-CA$118,670,723.3462x-458.3x3x
Sun, 15 Feb 2026CA$52.0bCA$17.9b-CA$150,946,010.9511.8x-344.4x2.9x
Tue, 13 Jan 2026CA$47.4bCA$18.0b-CA$627,774,255.373.3x-75.6x2.6x
Thu, 11 Dec 2025CA$49.3bCA$17.9b-CA$624,645,851.783.3x-78.9x2.8x
Sat, 08 Nov 2025CA$56.0bCA$18.0b-CA$368,778,897.0320.5x-151.9x3.1x
Mon, 06 Oct 2025CA$51.2bCA$17.6b-CA$391,916,113.207x-130.6x2.9x
Wed, 03 Sep 2025CA$46.4bCA$17.5b-CA$384,633,085.217.8x-120.6x2.7x
Fri, 01 Aug 2025CA$48.7bCA$17.4bCA$44.8m21.2x1085.6x2.8x
Sun, 29 Jun 2025CA$48.6bCA$18.7bCA$304.1m19.2x159.7x2.6x
Tue, 27 May 2025CA$45.4bCA$18.7bCA$300.6m19.8x151x2.4x
Thu, 24 Apr 2025CA$41.1bCA$19.1bCA$684.9m18.4x60x2.1x
Sat, 22 Mar 2025CA$45.0bCA$19.4bCA$665.2m19.7x67.6x2.3x
Mon, 17 Feb 2025CA$41.6bCA$19.5b-CA$96,535,108.4218.5x-431.1x2.1x
Wed, 15 Jan 2025CA$38.0bCA$19.5bCA$62.8m19.9x604.2x2x
Fri, 13 Dec 2024CA$56.1bCA$26.2b-CA$1,742,135,331.6522.2x-32.2x2.1x
Sun, 10 Nov 2024CA$57.4bCA$25.9b-CA$1,468,454,173.4720.2x-39.1x2.2x
Tue, 08 Oct 2024CA$57.5bCA$25.6bCA$2.0b13.2x29.2x2.2x
Thu, 05 Sep 2024CA$50.1bCA$25.5bCA$2.0b12x25.5x2x
Sat, 03 Aug 2024CA$51.7bCA$25.3bCA$2.8b7.6x18.6x2x
Mon, 01 Jul 2024CA$51.3bCA$25.2bCA$2.8b7.7x18.4x2x
Wed, 29 May 2024CA$56.0bCA$25.2bCA$2.8b7.9x20.2x2.2x
Fri, 26 Apr 2024CA$44.2bCA$25.0bCA$896.5m11.5x49.3x1.8x
Sun, 24 Mar 2024CA$46.7bCA$25.0bCA$896.4m12.9x52x1.9x
Tue, 20 Feb 2024CA$47.6bCA$24.9bCA$1.1b16x42x1.9x
Thu, 18 Jan 2024CA$53.8bCA$24.8bCA$3.5b16.2x15.6x2.2x
Sat, 16 Dec 2023CA$56.3bCA$24.7bCA$3.4b16.2x16.4x2.3x
Mon, 13 Nov 2023CA$49.4bCA$25.1bCA$3.5b27.7x14x2x
Wed, 11 Oct 2023CA$50.0bCA$24.1bCA$1.7b17.7x29.2x2.1x
Fri, 08 Sep 2023CA$54.1bCA$24.2bCA$1.7b19.2x31.6x2.2x
Sun, 06 Aug 2023CA$56.8bCA$24.1bCA$1.9b16.6x30.2x2.4x
Tue, 04 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 -33.8x202420252026
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 7.7% per year, which is driving profits down.

Industry Trends

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

CA Market-0.37%
Utilities3.06%
Renewable Energy0.72%
Independent Power Producers and Energy Traders1.20%
Renewable Energy0.53%
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 7.3% 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$74.761.7%
    +CA$192.5m    		33.5%PE508.6x
    		BLX BoralexCA$36.981.1%
    +CA$42.1m    		16.7%PS4.2x
    		TA TransAltaCA$19.570.3%
    +CA$14.9m    		33.8%PS2.6x
    		AIBZ.U Bitzero HoldingsUS$8.951.7%
    +US$8.3m    		n/aPS18.5x
    		MXG Maxim PowerCA$4.311.2%
    +CA$3.2m    		-3.1%PE20.7x

    Latest News

    TA
    CA$19.57
    TransAlta
    7D
    0.3%
    1Y
    33.8%
    CBLU
    CA$0.045
    Clear Blue Technologies International
    7D
    28.6%
    1Y
    -50.0%
    CPX
    CA$74.76
    Capital Power
    7D
    1.7%
    1Y
    33.5%
    Narrative Update • Jun 25

    CPX: Fair Value Outlook Will Depend On Margins And Secured Cash Flows

    Analysts have made a modest upward revision to the Capital Power fair value estimate. The model implies an increase of about CA$0.23 per share, reflecting updated assumptions on the discount rate and forward P/E, while revenue growth and profit margin expectations remain essentially unchanged.
    NUE
    CA$0.15
    NU E Power
    7D
    -6.3%
    1Y
    25.0%
    RESO
    CA$0.11
    ReSolve Energie
    7D
    -4.3%
    1Y
    n/a
    BLX
    CA$36.98
    Boralex
    7D
    1.1%
    1Y
    16.7%
    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$8.95
    Bitzero Holdings
    7D
    1.7%
    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$22.05
    Northland Power
    7D
    -2.9%
    1Y
    3.0%
    PIF
    CA$14.89
    Polaris Renewable Energy
    7D
    -0.07%
    1Y
    24.8%
    REVV
    CA$0.18
    ReVolve Renewable Power
    7D
    -2.6%
    1Y
    -11.9%
    MXG
    CA$4.31
    Maxim Power
    7D
    1.2%
    1Y
    -3.1%
    RE
    CA$0.38
    RE Royalties
    7D
    -1.3%
    1Y
    -18.5%
    WEB
    CA$1.11
    Westbridge Renewable Energy
    7D
    -1.8%
    1Y
    -53.8%
    NKW.H
    CA$0.09
    Oceanic Wind Energy
    7D
    28.6%
    1Y
    50.0%