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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies13
  • 7D-2.9%
  • 3M3.4%
  • 1Y26.8%
  • YTD23.1%

Over the last 7 days, the Renewable Energy industry has dropped 2.9%, driven by declines in Capital Power and Northland Power of 1.3% and 2.3%, respectively. On the other hand Polaris Renewable Energy is actually up 7.0%. This takes the industry's 12 month performance to a gain of 27%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026CA$60.6bCA$18.7b-CA$368,325,498.12267.6x-164.5x3.2x
Mon, 01 Jun 2026CA$62.6bCA$18.5b-CA$365,198,482.92254.2x-171.4x3.4x
Wed, 29 Apr 2026CA$57.9bCA$18.3b-CA$145,326,620.84239.5x-398.1x3.2x
Fri, 27 Mar 2026CA$56.2bCA$18.4b-CA$115,307,204.0964.3x-487.1x3x
Sun, 22 Feb 2026CA$52.5bCA$18.0b-CA$139,373,247.9212.2x-376.5x2.9x
Tue, 20 Jan 2026CA$48.2bCA$18.0b-CA$627,393,110.903.2x-76.8x2.7x
Thu, 18 Dec 2025CA$47.5bCA$17.9b-CA$624,189,233.173.2x-76.1x2.7x
Sat, 15 Nov 2025CA$50.4bCA$18.0b-CA$616,083,936.0716.5x-81.8x2.8x
Mon, 13 Oct 2025CA$52.0bCA$17.6b-CA$394,009,386.607.1x-132x3x
Wed, 10 Sep 2025CA$46.5bCA$17.5b-CA$387,803,395.558x-119.8x2.7x
Fri, 08 Aug 2025CA$47.3bCA$17.5b-CA$53,441,031.5221.1x-884.3x2.7x
Sun, 06 Jul 2025CA$49.3bCA$18.6bCA$308.6m19.8x159.8x2.6x
Tue, 03 Jun 2025CA$46.1bCA$18.7bCA$304.1m18.6x151.6x2.5x
Thu, 01 May 2025CA$43.2bCA$19.1bCA$688.9m18.4x62.8x2.3x
Sat, 29 Mar 2025CA$43.8bCA$19.4bCA$668.3m19.3x65.5x2.3x
Mon, 24 Feb 2025CA$43.6bCA$19.6bCA$62.6m22x697.2x2.2x
Wed, 22 Jan 2025CA$39.1bCA$19.5bCA$63.6m20.4x615.3x2x
Fri, 20 Dec 2024CA$55.4bCA$26.3b-CA$1,768,915,002.9320.7x-31.3x2.1x
Sun, 17 Nov 2024CA$56.1bCA$26.0b-CA$1,712,710,611.9014.4x-32.8x2.2x
Tue, 15 Oct 2024CA$55.4bCA$25.7bCA$2.0b12.9x28.1x2.2x
Thu, 12 Sep 2024CA$52.8bCA$25.5bCA$2.0b12.3x26.9x2.1x
Sat, 10 Aug 2024CA$52.1bCA$25.7bCA$1.7b9.2x29.9x2x
Mon, 08 Jul 2024CA$51.9bCA$25.2bCA$2.8b7.8x18.7x2.1x
Wed, 05 Jun 2024CA$55.2bCA$25.2bCA$2.8b8x19.8x2.2x
Fri, 03 May 2024CA$47.3bCA$24.8bCA$845.5m7.5x55.9x1.9x
Sun, 31 Mar 2024CA$46.7bCA$24.9bCA$897.7m13.1x52x1.9x
Tue, 27 Feb 2024CA$46.2bCA$24.8bCA$579.4m28.3x79.7x1.9x
Thu, 25 Jan 2024CA$54.5bCA$24.8bCA$3.5b16.6x15.7x2.2x
Sat, 23 Dec 2023CA$55.3bCA$24.6bCA$3.4b16.1x16.1x2.2x
Mon, 20 Nov 2023CA$52.9bCA$25.0bCA$3.5b26.6x15.1x2.1x
Wed, 18 Oct 2023CA$48.4bCA$24.2bCA$1.7b17.8x28.3x2x
Fri, 15 Sep 2023CA$55.0bCA$24.1bCA$1.7b20x32.2x2.3x
Sun, 13 Aug 2023CA$56.4bCA$24.0bCA$1.7b16.7x33.2x2.4x
Tue, 11 Jul 2023CA$59.0bCA$23.8bCA$2.8b23.2x21.3x2.5x
Price to Earnings Ratio

21.3x


Total Market Cap: CA$59.0bTotal Earnings: CA$2.8bTotal Revenue: CA$23.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -35x202420252026
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 Market0.96%
Utilities-1.81%
Renewable Energy-2.95%
Independent Power Producers and Energy Traders-1.07%
Renewable Energy-3.69%
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 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
    		PIF Polaris Renewable EnergyCA$15.937.0%
    +CA$21.7m    		30.9%PE33.2x
    		BLX BoralexCA$37.050.2%
    +CA$7.2m    		12.5%PS4.2x
    		NKW.H Oceanic Wind EnergyCA$0.1450.0%
    +CA$3.9m    		107.7%PB17.1x
    		NUE NU E PowerCA$0.1710.0%
    +CA$989.5k    		50.0%PS17.8x
    		RE RE RoyaltiesCA$0.381.3%
    +CA$217.6k    		-17.4%PE-1.7x

    Latest News

    CPX
    CA$73.80
    Capital Power
    7D
    -1.3%
    1Y
    35.5%
    NPI
    CA$21.54
    Northland Power
    7D
    -2.3%
    1Y
    -4.2%
    TA
    CA$19.45
    TransAlta
    7D
    -0.6%
    1Y
    34.1%
    PIF
    CA$15.93
    Polaris Renewable Energy
    7D
    7.0%
    1Y
    30.9%
    BLX
    CA$37.05
    Boralex
    7D
    0.2%
    1Y
    12.5%
    CBLU
    CA$0.035
    Clear Blue Technologies International
    7D
    -22.2%
    1Y
    -56.3%
    NUE
    CA$0.17
    NU E Power
    7D
    10.0%
    1Y
    50.0%
    AIBZ.U
    US$8.00
    Bitzero Holdings
    7D
    -10.6%
    1Y
    n/a
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    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...
    REVV
    CA$0.17
    ReVolve Renewable Power
    7D
    -8.1%
    1Y
    -27.7%
    MXG
    CA$4.22
    Maxim Power
    7D
    -2.1%
    1Y
    -7.7%
    RE
    CA$0.38
    RE Royalties
    7D
    1.3%
    1Y
    -17.4%
    WEB
    CA$1.03
    Westbridge Renewable Energy
    7D
    -7.2%
    1Y
    -58.5%
    NKW.H
    CA$0.14
    Oceanic Wind Energy
    7D
    50.0%
    1Y
    107.7%
    AKH.H
    CA$0.03
    Alaska Hydro
    7D
    20.0%
    1Y
    50.0%