Narrative Update • Jun 07
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- 7D-1.8%
- 3M11.4%
- 1Y27.5%
- YTD23.2%
Over the last 7 days, the Renewable Energy industry has dropped 1.8%, driven by a pullback from Maxim Power of 1.1%. On the other hand Capital Power is actually up 6.5%. Over the past 12 months, the industry was up 27%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Jun 2026 | CA$60.9b | CA$18.6b | -CA$367,967,992.84 | 262.9x | -165.6x | 3.3x |
| Sat, 16 May 2026 | CA$57.8b | CA$18.5b | -CA$368,212,949.82 | 230.5x | -157x | 3.1x |
| Mon, 13 Apr 2026 | CA$60.0b | CA$18.4b | -CA$145,087,108.72 | 248.7x | -413.6x | 3.3x |
| Wed, 11 Mar 2026 | CA$51.6b | CA$18.3b | -CA$119,461,700.16 | 60.3x | -431.9x | 2.8x |
| Fri, 06 Feb 2026 | CA$49.1b | CA$18.0b | -CA$151,200,121.40 | 11.8x | -325x | 2.7x |
| Sun, 04 Jan 2026 | CA$47.8b | CA$17.9b | -CA$622,294,831.96 | 3.5x | -76.9x | 2.7x |
| Tue, 02 Dec 2025 | CA$49.4b | CA$18.0b | -CA$632,400,820.86 | 12.7x | -78x | 2.7x |
| Thu, 30 Oct 2025 | CA$57.3b | CA$17.6b | -CA$398,131,176.49 | 12.5x | -143.9x | 3.3x |
| Sat, 27 Sep 2025 | CA$48.8b | CA$17.6b | -CA$391,182,164.64 | 7.5x | -124.8x | 2.8x |
| Mon, 25 Aug 2025 | CA$47.0b | CA$17.5b | -CA$386,531,657.52 | 8.6x | -121.5x | 2.7x |
| Wed, 23 Jul 2025 | CA$49.2b | CA$17.6b | CA$269.0m | 17.4x | 183x | 2.8x |
| Fri, 20 Jun 2025 | CA$48.9b | CA$18.7b | CA$304.2m | 19.5x | 160.7x | 2.6x |
| Sun, 18 May 2025 | CA$46.7b | CA$18.9b | CA$288.9m | 19.9x | 161.5x | 2.5x |
| Tue, 15 Apr 2025 | CA$40.8b | CA$19.1b | CA$685.4m | 18.1x | 59.5x | 2.1x |
| Thu, 13 Mar 2025 | CA$43.9b | CA$19.5b | CA$663.9m | 19.4x | 66.1x | 2.3x |
| Sat, 08 Feb 2025 | CA$42.4b | CA$19.6b | -CA$101,592,581.82 | 18.3x | -417.4x | 2.2x |
| Mon, 06 Jan 2025 | CA$56.2b | CA$26.4b | -CA$1,777,744,882.50 | 21.1x | -31.6x | 2.1x |
| Wed, 04 Dec 2024 | CA$58.4b | CA$26.0b | -CA$1,717,496,947.96 | 19x | -34x | 2.2x |
| Fri, 01 Nov 2024 | CA$56.1b | CA$25.8b | CA$1.9b | 11.6x | 29.6x | 2.2x |
| Sun, 29 Sep 2024 | CA$58.6b | CA$25.5b | CA$2.0b | 13.6x | 29.9x | 2.3x |
| Tue, 27 Aug 2024 | CA$51.3b | CA$25.4b | CA$2.0b | 12x | 26.3x | 2x |
| Thu, 25 Jul 2024 | CA$51.9b | CA$25.3b | CA$2.8b | 7.8x | 18.5x | 2x |
| Sat, 22 Jun 2024 | CA$51.9b | CA$25.2b | CA$2.8b | 7.9x | 18.6x | 2.1x |
| Mon, 20 May 2024 | CA$54.3b | CA$25.1b | CA$2.8b | 7.9x | 19.6x | 2.2x |
| Wed, 17 Apr 2024 | CA$43.4b | CA$25.2b | CA$893.4m | 11.5x | 48.5x | 1.7x |
| Fri, 15 Mar 2024 | CA$46.2b | CA$24.8b | CA$871.4m | 26.4x | 53.1x | 1.9x |
| Sun, 11 Feb 2024 | CA$47.3b | CA$24.8b | CA$1.1b | 15.4x | 41.7x | 1.9x |
| Tue, 09 Jan 2024 | CA$55.2b | CA$24.7b | CA$3.4b | 16.3x | 16.1x | 2.2x |
| Thu, 07 Dec 2023 | CA$54.4b | CA$24.9b | CA$3.5b | 15.2x | 15.7x | 2.2x |
| Sat, 04 Nov 2023 | CA$50.8b | CA$24.8b | CA$2.3b | 15.9x | 21.8x | 2x |
| Mon, 02 Oct 2023 | CA$49.1b | CA$24.1b | CA$1.7b | 18.2x | 28.7x | 2x |
| Wed, 30 Aug 2023 | CA$58.2b | CA$24.1b | CA$1.7b | 17.5x | 34.1x | 2.4x |
| Fri, 28 Jul 2023 | CA$60.9b | CA$23.7b | CA$2.8b | 24.7x | 22x | 2.6x |
| Sun, 25 Jun 2023 | CA$59.8b | CA$23.7b | CA$2.8b | 23.8x | 21.6x | 2.5x |
Price to Earnings Ratio
21.6x
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 7.8% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Utilities industry?
| CA Market | 2.59% | |
| Utilities | 0.41% | |
| Renewable Energy | -1.80% | |
| Independent Power Producers and Energy Traders | 5.63% | |
| Renewable Energy | -4.47% | |
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 6.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CPX Capital Power | CA$72.73 | 6.5% +CA$690.1m | 29.8% | PE494.8x | |
| TA TransAlta | CA$19.16 | 10.9% +CA$562.8m | 22.8% | PS2.6x | |
| NPI Northland Power | CA$22.87 | 1.6% +CA$96.8m | 4.8% | PS2.3x | |
| AIBZ.U Bitzero Holdings | US$8.60 | 13.2% +US$55.1m | n/a | PS17.8x | |
| BLX Boralex | CA$36.85 | 0.08% +CA$3.1m | 12.8% | PS4.2x |