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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedAug 18, 2025
DataAggregated Company Financials
Companies12
  • 7D0.07%
  • 3M5.6%
  • 1Y10.8%
  • YTD-0.5%

Over the last 7 days, the Renewable Energy industry has remained flat. The past year has been better, since the industry has gained 11% in that time. Earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Aug 2025CA$46.3bCA$17.5b-CA$385,910,242.458.9x-119.9x2.6x
Wed, 16 Jul 2025CA$49.7bCA$18.7bCA$303.1m20.2x164.1x2.7x
Fri, 13 Jun 2025CA$48.6bCA$18.6bCA$308.7m19.2x157.4x2.6x
Sun, 11 May 2025CA$44.7bCA$19.0bCA$325.1m17.9x137.6x2.4x
Tue, 08 Apr 2025CA$39.9bCA$19.4bCA$671.1m18x59.4x2.1x
Thu, 06 Mar 2025CA$43.2bCA$19.4bCA$665.2m18.9x65x2.2x
Sat, 01 Feb 2025CA$35.7bCA$20.6b-CA$113,264,528.4718.8x-315x1.7x
Mon, 30 Dec 2024CA$55.9bCA$26.4b-CA$1,772,927,119.7421.1x-31.6x2.1x
Wed, 27 Nov 2024CA$57.8bCA$26.0b-CA$1,706,485,287.9015.6x-33.9x2.2x
Fri, 25 Oct 2024CA$59.6bCA$25.8bCA$2.0b13.8x30.1x2.3x
Sun, 22 Sep 2024CA$55.6bCA$25.5bCA$2.0b12.8x28.3x2.2x
Tue, 20 Aug 2024CA$51.8bCA$25.6bCA$2.0b11.7x26.3x2x
Thu, 18 Jul 2024CA$53.8bCA$25.2bCA$2.8b8x19.3x2.1x
Sat, 15 Jun 2024CA$53.7bCA$25.3bCA$2.8b8.2x19.2x2.1x
Mon, 13 May 2024CA$53.6bCA$25.1bCA$2.8b7.8x19.5x2.1x
Wed, 10 Apr 2024CA$46.2bCA$24.9bCA$898.3m11.8x51.4x1.9x
Fri, 08 Mar 2024CA$48.6bCA$24.8bCA$872.9m27.5x55.7x2x
Sun, 04 Feb 2024CA$53.5bCA$26.5bCA$1.2b29.4x43.6x2x
Tue, 02 Jan 2024CA$54.8bCA$24.6bCA$3.4b16x16x2.2x
Thu, 30 Nov 2023CA$52.6bCA$24.9bCA$3.5b14.6x15.2x2.1x
Sat, 28 Oct 2023CA$47.4bCA$24.4bCA$1.7b16.2x27.5x1.9x
Mon, 25 Sep 2023CA$54.7bCA$24.0bCA$1.7b19.6x32.1x2.3x
Wed, 23 Aug 2023CA$55.9bCA$24.1bCA$1.7b16.2x32.7x2.3x
Fri, 21 Jul 2023CA$60.8bCA$23.7bCA$2.8b24.6x22x2.6x
Sun, 18 Jun 2023CA$60.2bCA$23.7bCA$2.8b24.8x21.8x2.5x
Tue, 16 May 2023CA$65.8bCA$24.0bCA$2.8b20.4x23.6x2.7x
Thu, 13 Apr 2023CA$64.8bCA$22.5bCA$2.7b45.6x24.2x2.9x
Sat, 11 Mar 2023CA$59.6bCA$22.9bCA$2.7b42x21.8x2.6x
Mon, 06 Feb 2023CA$60.1bCA$21.8bCA$2.6b25.5x23.5x2.8x
Wed, 04 Jan 2023CA$59.5bCA$21.8bCA$1.6b26x37.2x2.7x
Fri, 02 Dec 2022CA$64.3bCA$21.6bCA$1.6b41x40.5x3x
Sun, 30 Oct 2022CA$64.1bCA$20.8bCA$689.4m30.2x93x3.1x
Tue, 27 Sep 2022CA$70.9bCA$20.9bCA$688.5m32.7x103x3.4x
Thu, 25 Aug 2022CA$78.0bCA$20.3bCA$674.0m37.4x115.7x3.8x
Price to Earnings Ratio

115.7x


Total Market Cap: CA$78.0bTotal Earnings: CA$674.0mTotal Revenue: CA$20.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 46.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
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 4.8% per year, which is driving profits down.

Industry Trends

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

CA Market0.82%
Utilities0.13%
Renewable Energy0.074%
Independent Power Producers and Energy Traders0.61%
Renewable Energy-0.17%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 14.6x.
    • Analysts are expecting annual earnings growth of 58.0%, which is higher than its past year's earnings decline of 39.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings decline of 40% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 33% 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$17.042.9%
+CA$142.3m		48.6%PS2x
BLX BoralexCA$29.730.6%
+CA$19.5m		-11.2%PS3.7x
WEB Westbridge Renewable EnergyCA$0.623.3%
+CA$2.0m		-22.5%PE3.6x
REVV ReVolve Renewable PowerCA$0.236.8%
+CA$1.0m		-14.5%PE8.9x
NUE NU E PowerCA$0.1412.5%
+CA$545.5k		n/aPS13.2x

Latest News

WEB
CA$0.62
Westbridge Renewable Energy
7D
3.3%
1Y
-22.5%
NPI
CA$21.94
Northland Power
7D
-0.7%
1Y
-2.3%
BLX
CA$29.73
Boralex
7D
0.6%
1Y
-11.2%
MXG
CA$4.50
Maxim Power
7D
-6.3%
1Y
11.9%
CPX
CA$60.05
Capital Power
7D
-0.4%
1Y
39.1%
PIF
CA$12.26
Polaris Renewable Energy
7D
-1.3%
1Y
3.4%
TA
CA$17.04
TransAlta
7D
2.9%
1Y
48.6%
RE
CA$0.40
RE Royalties
7D
-9.1%
1Y
-17.5%
REVV
CA$0.23
ReVolve Renewable Power
7D
6.8%
1Y
-14.5%
NUE
CA$0.14
NU E Power
7D
12.5%
1Y
n/a