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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJun 10, 2025
DataAggregated Company Financials
Companies14
  • 7D5.1%
  • 3M8.8%
  • 1Y3.8%
  • YTD0.3%

Over the last 7 days, the Renewable Energy industry has risen 5.1%, driven by gains in TransAlta and Northland Power of 5.2% and 3.6%, respectively. This means that the industry has gained 3.8% over the past year. Looking forward, earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Jun 2025CA$46.7bCA$18.7bCA$304.9m19.2x153.3x2.5x
Thu, 08 May 2025CA$43.4bCA$18.9bCA$307.6m15.7x141.2x2.3x
Sat, 05 Apr 2025CA$42.7bCA$19.3bCA$671.6m18.2x63.6x2.2x
Mon, 03 Mar 2025CA$44.3bCA$19.5bCA$553.4m19.5x80.1x2.3x
Wed, 29 Jan 2025CA$35.4bCA$19.5bCA$61.6m19.4x574.8x1.8x
Fri, 27 Dec 2024CA$56.2bCA$26.4b-CA$1,772,266,490.0720.7x-31.7x2.1x
Sun, 24 Nov 2024CA$56.5bCA$25.9b-CA$1,694,726,605.4815.4x-33.3x2.2x
Tue, 22 Oct 2024CA$59.6bCA$25.8bCA$2.0b14.3x30.1x2.3x
Thu, 19 Sep 2024CA$55.2bCA$25.6bCA$2.0b12.7x28.1x2.2x
Sat, 17 Aug 2024CA$52.6bCA$25.6bCA$2.0b11.7x26.7x2.1x
Mon, 15 Jul 2024CA$55.3bCA$25.2bCA$2.8b8.5x19.9x2.2x
Wed, 12 Jun 2024CA$55.5bCA$25.3bCA$2.8b8.5x19.9x2.2x
Fri, 10 May 2024CA$52.4bCA$25.1bCA$2.8b7.7x19x2.1x
Sun, 07 Apr 2024CA$45.7bCA$24.9bCA$898.0m11.8x50.8x1.8x
Tue, 05 Mar 2024CA$46.3bCA$24.9bCA$870.3m26.8x53.2x1.9x
Thu, 01 Feb 2024CA$54.6bCA$24.7bCA$3.5b16.5x15.8x2.2x
Sat, 30 Dec 2023CA$54.6bCA$24.6bCA$3.4b16x16x2.2x
Mon, 27 Nov 2023CA$52.3bCA$24.9bCA$3.5b15.3x15.1x2.1x
Wed, 25 Oct 2023CA$48.5bCA$24.2bCA$1.7b16.9x28.3x2x
Fri, 22 Sep 2023CA$54.2bCA$24.1bCA$1.7b19.5x31.8x2.3x
Sun, 20 Aug 2023CA$56.5bCA$24.1bCA$1.7b16.3x33.1x2.3x
Tue, 18 Jul 2023CA$61.1bCA$23.7bCA$2.8b24.3x22.1x2.6x
Thu, 15 Jun 2023CA$61.3bCA$23.9bCA$2.8b24.8x22x2.6x
Sat, 13 May 2023CA$65.1bCA$24.1bCA$2.8b20.4x23.3x2.7x
Mon, 10 Apr 2023CA$64.3bCA$22.6bCA$2.7b44.9x24x2.8x
Wed, 08 Mar 2023CA$60.6bCA$22.8bCA$2.7b43.4x22.3x2.7x
Fri, 03 Feb 2023CA$61.2bCA$21.5bCA$1.6b27.6x38.7x2.8x
Sun, 01 Jan 2023CA$58.6bCA$21.7bCA$1.6b25.7x36.8x2.7x
Tue, 29 Nov 2022CA$63.9bCA$21.7bCA$1.6b30x40.2x2.9x
Thu, 27 Oct 2022CA$63.3bCA$20.8bCA$685.3m29.7x92.3x3x
Sat, 24 Sep 2022CA$72.9bCA$20.8bCA$685.2m33.7x106.4x3.5x
Mon, 22 Aug 2022CA$78.1bCA$20.3bCA$674.6m38.3x115.7x3.8x
Wed, 20 Jul 2022CA$70.8bCA$19.3b-CA$140,247,825.0034.9x-505.1x3.7x
Fri, 17 Jun 2022CA$66.7bCA$19.3b-CA$138,086,766.0033.3x-483x3.5x
Price to Earnings Ratio

-483x


Total Market Cap: CA$66.7bTotal Earnings: -CA$138,086,766.00Total Revenue: CA$19.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 21.1x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 153x which is higher than its 3-year average PE of 21.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

CA Market0.068%
Utilities-0.19%
Renewable Energy5.13%
Renewable Energy6.20%
Independent Power Producers and Energy Traders2.48%
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 10.0x.
    • Analysts are expecting annual earnings growth of 6.8%, which is higher than its past year's earnings decline of 52.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 62% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 6.8% 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$14.245.2%
+CA$207.5m		42.3%PE4221.4x
NPI Northland PowerCA$20.943.6%
+CA$188.3m		-14.1%PE21.3x
CPX Capital PowerCA$55.641.2%
+CA$102.1m		35.6%PE14x
BLX BoralexCA$31.810.7%
+CA$23.6m		-9.1%PE297.2x
MXG Maxim PowerCA$4.453.2%
+CA$8.9m		7.7%PE19.2x
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Latest News

CPX

CA$55.64

Capital Power

7D

1.2%

1Y

35.6%

NPI

CA$20.94

Northland Power

7D

3.6%

1Y

-14.1%

PIF

CA$11.82

Polaris Renewable Energy

7D

-2.3%

1Y

-12.3%

NUE

CA$0.14

NU E Power

7D

-12.9%

1Y

n/a

CBLU

CA$0.09

Clear Blue Technologies International

7D

-28.0%

1Y

-75.0%

INE

CA$13.74

Innergex Renewable Energy

7D

0.2%

1Y

28.7%

TA

CA$14.24

TransAlta

7D

5.2%

1Y

42.3%

BLX

CA$31.81

Boralex

7D

0.7%

1Y

-9.1%

We Think You Can Look Beyond Boralex's (TSE:BLX) Lackluster Earnings

May 22
We Think You Can Look Beyond Boralex's (TSE:BLX) Lackluster Earnings

MXG

CA$4.45

Maxim Power

7D

3.2%

1Y

7.7%

WEB

CA$0.72

Westbridge Renewable Energy

7D

1.4%

1Y

-23.4%

RE

CA$0.46

RE Royalties

7D

-2.1%

1Y

-4.2%

AKH.H

CA$0.02

Alaska Hydro

7D

-33.3%

1Y

33.3%

NKW.H

CA$0.065

Oceanic Wind Energy

7D

30.0%

1Y

18.2%