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

Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies13
  • 7D-1.5%
  • 3M6.6%
  • 1Y33.0%
  • YTD25.6%

Over the last 7 days, the Renewable Energy industry has dropped 1.5%, driven by a pullback from Bitzero Holdings of 25%. Over the past 12 months, the industry was up 33%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026CA$62.0bCA$18.7b-CA$368,379,847.80267.4x-168.4x3.3x
Fri, 29 May 2026CA$61.9bCA$18.5b-CA$365,169,709.56251.8x-169.5x3.4x
Sun, 26 Apr 2026CA$58.2bCA$18.3b-CA$145,942,911.47245.4x-399x3.2x
Tue, 24 Mar 2026CA$52.7bCA$18.3b-CA$115,983,102.3361.1x-454.7x2.9x
Thu, 19 Feb 2026CA$52.2bCA$18.0b-CA$151,205,624.4312.1x-345.2x2.9x
Sat, 17 Jan 2026CA$48.5bCA$18.0b-CA$629,166,753.463.2x-77x2.7x
Mon, 15 Dec 2025CA$48.0bCA$17.9b-CA$623,547,702.883.3x-77x2.7x
Wed, 12 Nov 2025CA$54.7bCA$17.9b-CA$381,078,958.2618.7x-143.5x3x
Fri, 10 Oct 2025CA$53.6bCA$17.6b-CA$395,047,337.527.3x-135.6x3x
Sun, 07 Sep 2025CA$46.0bCA$17.5b-CA$387,499,393.198.2x-118.7x2.6x
Tue, 05 Aug 2025CA$47.1bCA$17.5b-CA$54,759,898.9920.5x-859.7x2.7x
Thu, 03 Jul 2025CA$48.1bCA$18.6bCA$309.5m20x155.4x2.6x
Sat, 31 May 2025CA$46.6bCA$18.7bCA$302.9m18.9x153.8x2.5x
Mon, 28 Apr 2025CA$42.7bCA$19.1bCA$685.9m18.6x62.3x2.2x
Wed, 26 Mar 2025CA$44.9bCA$19.4bCA$647.8m19.6x69.4x2.3x
Fri, 21 Feb 2025CA$42.9bCA$19.6bCA$71.2m21.4x603x2.2x
Sun, 19 Jan 2025CA$39.0bCA$19.5bCA$59.2m20.2x659.5x2x
Tue, 17 Dec 2024CA$56.4bCA$26.2b-CA$1,746,050,770.9522.2x-32.3x2.2x
Thu, 14 Nov 2024CA$55.5bCA$26.0b-CA$1,477,916,665.8319.9x-37.6x2.1x
Sat, 12 Oct 2024CA$55.1bCA$25.7bCA$2.0b12.9x27.9x2.1x
Mon, 09 Sep 2024CA$50.8bCA$25.5bCA$2.0b11.8x25.8x2x
Wed, 07 Aug 2024CA$51.6bCA$25.7bCA$1.7b9.2x29.6x2x
Fri, 05 Jul 2024CA$52.2bCA$25.1bCA$2.8b7.9x18.8x2.1x
Sun, 02 Jun 2024CA$55.0bCA$25.2bCA$2.8b8.1x19.8x2.2x
Tue, 30 Apr 2024CA$44.2bCA$25.0bCA$896.5m11.6x49.3x1.8x
Thu, 28 Mar 2024CA$46.7bCA$24.9bCA$897.2m13.1x52.1x1.9x
Sat, 24 Feb 2024CA$46.8bCA$25.0bCA$512.3m28.6x91.4x1.9x
Mon, 22 Jan 2024CA$54.3bCA$24.7bCA$3.4b16.4x15.7x2.2x
Wed, 20 Dec 2023CA$55.5bCA$24.6bCA$3.4b16.1x16.1x2.3x
Fri, 17 Nov 2023CA$52.9bCA$25.0bCA$3.5b27.8x15.2x2.1x
Sun, 15 Oct 2023CA$48.2bCA$24.2bCA$1.7b17.4x28.1x2x
Tue, 12 Sep 2023CA$54.8bCA$24.1bCA$1.7b19.8x32.1x2.3x
Thu, 10 Aug 2023CA$56.7bCA$24.1bCA$1.9b16.7x29.4x2.4x
Sat, 08 Jul 2023CA$59.5bCA$23.8bCA$2.8b23.6x21.4x2.5x
Price to Earnings Ratio

21.4x


Total Market Cap: CA$59.5bTotal Earnings: CA$2.8bTotal Revenue: CA$23.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -34.5x202420252026
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-0.59%
Utilities-0.012%
Renewable Energy-1.50%
Independent Power Producers and Energy Traders-0.25%
Renewable Energy-2.00%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 56% 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 7.2% 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
    		TA TransAltaCA$19.620.6%
    +CA$34.8m    		33.6%PS2.8x
    		NPI Northland PowerCA$22.340.3%
    +CA$18.3m    		4.5%PS2.3x
    		PIF Polaris Renewable EnergyCA$15.303.7%
    +CA$11.5m    		27.2%PE31.9x
    		BLX BoralexCA$37.000.1%
    +CA$5.1m    		16.9%PS4.2x
    		NKW.H Oceanic Wind EnergyCA$0.09572.7%
    +CA$3.5m    		58.3%PB12x

    Latest News

    TA
    CA$19.62
    TransAlta
    7D
    0.6%
    1Y
    33.6%
    BLX
    CA$37.00
    Boralex
    7D
    0.1%
    1Y
    16.9%
    CBLU
    CA$0.035
    Clear Blue Technologies International
    7D
    -22.2%
    1Y
    -56.3%
    CPX
    CA$73.91
    Capital Power
    7D
    -0.6%
    1Y
    34.9%
    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$0.16
    NU E Power
    7D
    10.3%
    1Y
    33.3%
    RESO
    CA$0.11
    ReSolve Energie
    7D
    -8.3%
    1Y
    n/a
    AIBZ.U
    US$6.76
    Bitzero Holdings
    7D
    -24.9%
    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$22.34
    Northland Power
    7D
    0.3%
    1Y
    4.5%
    PIF
    CA$15.30
    Polaris Renewable Energy
    7D
    3.7%
    1Y
    27.2%
    REVV
    CA$0.18
    ReVolve Renewable Power
    7D
    -5.3%
    1Y
    -16.3%
    MXG
    CA$4.25
    Maxim Power
    7D
    -1.8%
    1Y
    -4.5%
    RE
    CA$0.39
    RE Royalties
    7D
    5.5%
    1Y
    -15.4%
    WEB
    CA$1.07
    Westbridge Renewable Energy
    7D
    -6.1%
    1Y
    -55.4%
    NKW.H
    CA$0.095
    Oceanic Wind Energy
    7D
    72.7%
    1Y
    58.3%
    AKH.H
    CA$0.03
    Alaska Hydro
    7D
    20.0%
    1Y
    50.0%