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

Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.2%
  • 3M0.3%
  • 1Y25.7%
  • YTD20.8%

Over the last 7 days, the Renewable Energy industry has dropped 1.2%, driven by declines in Polaris Renewable Energy and Westbridge Renewable Energy of 1.5% and 16%, respectively. In the past year, the industry has gained 26%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026CA$59.6bCA$18.7b-CA$346,302,365.68271.1x-172.2x3.2x
Tue, 09 Jun 2026CA$61.7bCA$18.6b-CA$364,759,403.60253.1x-169x3.3x
Thu, 07 May 2026CA$57.3bCA$18.2b-CA$360,573,008.97494.7x-159x3.1x
Sat, 04 Apr 2026CA$58.6bCA$18.5b-CA$144,530,811.81240.2x-405.5x3.2x
Mon, 02 Mar 2026CA$53.0bCA$18.0b-CA$19,838,564.8512.7x-2673.5x2.9x
Wed, 28 Jan 2026CA$48.2bCA$17.8b-CA$617,615,633.4414.2x-78.1x2.7x
Fri, 26 Dec 2025CA$46.9bCA$17.8b-CA$620,117,402.693.3x-75.6x2.6x
Sun, 23 Nov 2025CA$48.7bCA$18.1b-CA$618,559,531.9113.9x-78.7x2.7x
Tue, 21 Oct 2025CA$55.0bCA$17.6b-CA$395,384,294.147.3x-139.2x3.1x
Thu, 18 Sep 2025CA$47.4bCA$17.5b-CA$384,042,452.057.6x-123.3x2.7x
Sat, 16 Aug 2025CA$46.0bCA$17.5b-CA$385,910,242.458.9x-119.2x2.6x
Mon, 14 Jul 2025CA$49.2bCA$18.7bCA$304.9m19.8x161.2x2.6x
Wed, 11 Jun 2025CA$48.4bCA$18.7bCA$305.4m19.8x158.4x2.6x
Fri, 09 May 2025CA$43.5bCA$19.0bCA$303.4m16x143.4x2.3x
Sun, 06 Apr 2025CA$39.9bCA$19.3bCA$671.6m18.2x59.4x2.1x
Tue, 04 Mar 2025CA$44.8bCA$19.5bCA$658.7m19.1x68x2.3x
Thu, 30 Jan 2025CA$34.9bCA$19.5bCA$60.5m18.6x576.8x1.8x
Sat, 28 Dec 2024CA$56.2bCA$26.4b-CA$1,772,927,119.7421.1x-31.7x2.1x
Mon, 25 Nov 2024CA$56.5bCA$25.9b-CA$1,694,726,605.4815.4x-33.3x2.2x
Wed, 23 Oct 2024CA$61.0bCA$25.8bCA$2.0b14.1x30.8x2.4x
Fri, 20 Sep 2024CA$55.1bCA$25.5bCA$2.0b12.6x28.1x2.2x
Sun, 18 Aug 2024CA$51.8bCA$25.6bCA$2.0b11.7x26.3x2x
Tue, 16 Jul 2024CA$55.3bCA$25.2bCA$2.8b8.2x19.9x2.2x
Thu, 13 Jun 2024CA$54.8bCA$25.3bCA$2.8b8.4x19.6x2.2x
Sat, 11 May 2024CA$53.0bCA$25.1bCA$2.8b7.7x19.3x2.1x
Mon, 08 Apr 2024CA$45.7bCA$24.9bCA$898.0m11.8x50.8x1.8x
Wed, 06 Mar 2024CA$46.3bCA$24.9bCA$869.9m26.6x53.3x1.9x
Fri, 02 Feb 2024CA$54.5bCA$24.7bCA$3.4b16.8x15.8x2.2x
Sun, 31 Dec 2023CA$54.7bCA$24.6bCA$3.4b16x16x2.2x
Tue, 28 Nov 2023CA$52.3bCA$24.9bCA$3.5b15.1x15.1x2.1x
Thu, 26 Oct 2023CA$48.9bCA$24.3bCA$1.7b16.8x28.5x2x
Sat, 23 Sep 2023CA$54.7bCA$24.0bCA$1.7b19.6x32.1x2.3x
Mon, 21 Aug 2023CA$56.5bCA$24.1bCA$1.7b16.3x33.1x2.3x
Wed, 19 Jul 2023CA$60.5bCA$23.7bCA$2.8b24.3x21.9x2.5x
Price to Earnings Ratio

21.9x


Total Market Cap: CA$60.5bTotal Earnings: CA$2.8bTotal Revenue: CA$23.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -36.4x202420252026
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 3.2x.
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 Market0.049%
Utilities-0.35%
Renewable Energy-1.20%
Independent Power Producers and Energy Traders2.20%
Renewable Energy-2.63%
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 53% per year.
    • In contrast, the Renewable Energy industry is expected to see its earnings decline by 5.7% 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$20.153.6%
    +CA$221.2m    		28.9%PS2.9x
    		NPI Northland PowerCA$22.223.2%
    +CA$177.8m    		-2.8%PS2.3x
    		CPX Capital PowerCA$74.881.5%
    +CA$169.0m    		30.4%PE509.5x
    		MXG Maxim PowerCA$4.301.9%
    +CA$5.1m    		-6.1%PE20.6x
    		CBLU Clear Blue Technologies InternationalCA$0.0414.3%
    +CA$503.0k    		-50.0%PS1.3x

    Latest News

    NPI
    CA$22.22
    Northland Power
    7D
    3.2%
    1Y
    -2.8%
    CPX
    CA$74.88
    Capital Power
    7D
    1.5%
    1Y
    30.4%
    TA
    CA$20.15
    TransAlta
    7D
    3.6%
    1Y
    28.9%
    PIF
    CA$15.69
    Polaris Renewable Energy
    7D
    -1.5%
    1Y
    28.4%
    BLX
    CA$37.04
    Boralex
    7D
    -0.03%
    1Y
    19.6%
    CBLU
    CA$0.04
    Clear Blue Technologies International
    7D
    14.3%
    1Y
    -50.0%
    NUE
    CA$0.15
    NU E Power
    7D
    -9.1%
    1Y
    -3.2%
    RESO
    CA$0.10
    ReSolve Energie
    7D
    10.5%
    1Y
    n/a
    MXG
    CA$4.30
    Maxim Power
    7D
    1.9%
    1Y
    -6.1%
    RE
    CA$0.37
    RE Royalties
    7D
    -2.6%
    1Y
    -16.9%
    WEB
    CA$0.87
    Westbridge Renewable Energy
    7D
    -15.5%
    1Y
    -70.2%
    NKW.H
    CA$0.13
    Oceanic Wind Energy
    7D
    -3.7%
    1Y
    116.7%