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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies13
  • 7D0.7%
  • 3M11.2%
  • 1Y32.7%
  • YTD26.8%

Over the last 7 days, the Renewable Energy industry has remained flat, although notably Northland Power declined by 3.3%. As for the the longer term, the industry is up 33% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026CA$62.6bCA$18.7b-CA$368,386,241.88269.8x-170x3.3x
Wed, 27 May 2026CA$60.0bCA$18.5b-CA$368,282,641.80251.9x-162.9x3.2x
Fri, 24 Apr 2026CA$56.8bCA$18.3b-CA$145,796,676.24242.4x-389.9x3.1x
Sun, 22 Mar 2026CA$52.7bCA$18.3b-CA$116,002,198.3459.8x-454.5x2.9x
Tue, 17 Feb 2026CA$52.0bCA$17.9b-CA$150,946,010.9511.8x-344.4x2.9x
Thu, 15 Jan 2026CA$48.7bCA$18.0b-CA$628,004,451.533.3x-77.5x2.7x
Sat, 13 Dec 2025CA$48.4bCA$17.9b-CA$623,547,702.883.3x-77.7x2.7x
Mon, 10 Nov 2025CA$56.1bCA$18.0b-CA$381,902,897.0320.7x-147x3.1x
Wed, 08 Oct 2025CA$52.2bCA$17.6b-CA$391,998,628.136.8x-133.1x3x
Fri, 05 Sep 2025CA$45.5bCA$17.5b-CA$386,378,927.347.6x-117.8x2.6x
Sun, 03 Aug 2025CA$47.1bCA$17.5b-CA$55,690,648.9920.5x-845.4x2.7x
Tue, 01 Jul 2025CA$48.6bCA$18.7bCA$307.9m19.2x157.7x2.6x
Thu, 29 May 2025CA$46.3bCA$18.8bCA$295.8m20.1x156.6x2.5x
Sat, 26 Apr 2025CA$42.0bCA$19.1bCA$685.9m18.6x61.3x2.2x
Mon, 24 Mar 2025CA$45.4bCA$19.4bCA$645.3m19.7x70.3x2.3x
Wed, 19 Feb 2025CA$41.6bCA$19.5b-CA$97,283,427.1318.4x-427.8x2.1x
Fri, 17 Jan 2025CA$37.7bCA$19.5bCA$61.5m20.7x612x1.9x
Sun, 15 Dec 2024CA$56.4bCA$26.2b-CA$1,743,762,736.4622.2x-32.3x2.2x
Tue, 12 Nov 2024CA$57.4bCA$25.9b-CA$1,465,841,460.0820.2x-39.1x2.2x
Thu, 10 Oct 2024CA$55.8bCA$25.7bCA$2.0b13x28.3x2.2x
Sat, 07 Sep 2024CA$50.8bCA$25.5bCA$2.0b11.8x25.8x2x
Mon, 05 Aug 2024CA$51.6bCA$25.8bCA$1.8b9.1x29.5x2x
Wed, 03 Jul 2024CA$51.3bCA$25.2bCA$2.8b7.7x18.4x2x
Fri, 31 May 2024CA$54.8bCA$25.2bCA$2.8b8x19.7x2.2x
Sun, 28 Apr 2024CA$44.2bCA$25.0bCA$896.4m11.6x49.3x1.8x
Tue, 26 Mar 2024CA$46.7bCA$24.9bCA$896.9m12.8x52x1.9x
Thu, 22 Feb 2024CA$47.2bCA$24.9bCA$1.1b15.8x41.6x1.9x
Sat, 20 Jan 2024CA$53.9bCA$24.7bCA$3.4b16.4x15.6x2.2x
Mon, 18 Dec 2023CA$55.4bCA$24.7bCA$3.4b16.2x16.1x2.2x
Wed, 15 Nov 2023CA$49.1bCA$25.0bCA$3.5b28x14x2x
Fri, 13 Oct 2023CA$50.6bCA$24.2bCA$1.7b17.6x29.5x2.1x
Sun, 10 Sep 2023CA$54.6bCA$24.2bCA$1.7b19.4x31.9x2.3x
Tue, 08 Aug 2023CA$56.8bCA$24.0bCA$1.9b16.6x30.2x2.4x
Thu, 06 Jul 2023CA$60.4bCA$23.8bCA$2.8b23.7x21.8x2.5x
Price to Earnings Ratio

21.8x


Total Market Cap: CA$60.4bTotal Earnings: CA$2.8bTotal Revenue: CA$23.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -34.1x202420252026
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-0.35%
Utilities3.07%
Renewable Energy0.72%
Independent Power Producers and Energy Traders1.18%
Renewable Energy0.54%
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 7.3% 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$74.760.08%
    +CA$9.4m    		36.4%PE508.6x
    		BLX BoralexCA$36.980.2%
    +CA$8.2m    		16.9%PS4.2x
    		NKW.H Oceanic Wind EnergyCA$0.0963.6%
    +CA$3.1m    		50.0%PB11.4x
    		PIF Polaris Renewable EnergyCA$14.890.7%
    +CA$2.1m    		23.8%PE31x
    		CBLU Clear Blue Technologies InternationalCA$0.04528.6%
    +CA$1.6m    		-43.8%PS1.4x

    Latest News

    TA
    CA$19.57
    TransAlta
    7D
    -0.4%
    1Y
    33.2%
    CBLU
    CA$0.045
    Clear Blue Technologies International
    7D
    28.6%
    1Y
    -43.8%
    CPX
    CA$74.76
    Capital Power
    7D
    0.08%
    1Y
    36.4%
    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
    -3.2%
    1Y
    25.0%
    BLX
    CA$36.98
    Boralex
    7D
    0.2%
    1Y
    16.9%
    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
    -0.1%
    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
    -3.3%
    1Y
    3.2%
    PIF
    CA$14.89
    Polaris Renewable Energy
    7D
    0.7%
    1Y
    23.8%
    REVV
    CA$0.18
    ReVolve Renewable Power
    7D
    -2.6%
    1Y
    -14.0%
    MXG
    CA$4.31
    Maxim Power
    7D
    -1.1%
    1Y
    -3.1%
    RE
    CA$0.38
    RE Royalties
    7D
    -1.3%
    1Y
    -17.6%
    WEB
    CA$1.11
    Westbridge Renewable Energy
    7D
    -7.5%
    1Y
    -53.8%
    NKW.H
    CA$0.09
    Oceanic Wind Energy
    7D
    63.6%
    1Y
    50.0%