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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedMay 05, 2025
DataAggregated Company Financials
Companies15
  • 7D-0.1%
  • 3M3.6%
  • 1Y0.9%
  • YTD-8.2%

In the last week, the Renewable Energy industry is up 1.0%, with Capital Power up 5.3%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 May 2025CA$44.2bCA$19.1bCA$510.2m15.7x86.7x2.3x
Wed, 02 Apr 2025CA$43.3bCA$19.4bCA$668.6m19.2x64.8x2.2x
Fri, 28 Feb 2025CA$44.9bCA$19.6bCA$611.5m21.4x73.4x2.3x
Sun, 26 Jan 2025CA$38.2bCA$19.5bCA$63.3m21.2x603.6x2x
Tue, 24 Dec 2024CA$55.4bCA$26.3b-CA$1,765,531,289.9520.7x-31.4x2.1x
Thu, 21 Nov 2024CA$56.4bCA$25.9b-CA$1,695,290,115.0814.9x-33.2x2.2x
Sat, 19 Oct 2024CA$58.9bCA$25.8bCA$2.0b13.9x29.8x2.3x
Mon, 16 Sep 2024CA$54.7bCA$25.5bCA$2.0b12.7x27.8x2.1x
Wed, 14 Aug 2024CA$51.6bCA$25.6bCA$1.7b9.1x29.7x2x
Fri, 12 Jul 2024CA$53.6bCA$25.2bCA$2.8b8.4x19.3x2.1x
Sun, 09 Jun 2024CA$54.5bCA$25.3bCA$2.8b8.3x19.5x2.2x
Tue, 07 May 2024CA$51.8bCA$25.0bCA$2.8b7.9x18.6x2.1x
Thu, 04 Apr 2024CA$46.7bCA$24.9bCA$899.1m12x52x1.9x
Sat, 02 Mar 2024CA$46.3bCA$25.1bCA$804.7m28.4x57.5x1.8x
Mon, 29 Jan 2024CA$54.3bCA$24.7bCA$3.5b16.5x15.7x2.2x
Wed, 27 Dec 2023CA$55.3bCA$24.6bCA$3.4b16.1x16.1x2.2x
Fri, 24 Nov 2023CA$52.3bCA$25.0bCA$3.5b26.8x15x2.1x
Sun, 22 Oct 2023CA$47.5bCA$24.3bCA$1.7b16.9x27.7x2x
Tue, 19 Sep 2023CA$56.1bCA$24.1bCA$1.7b20.2x32.9x2.3x
Thu, 17 Aug 2023CA$56.1bCA$24.1bCA$1.7b16.2x32.9x2.3x
Sat, 15 Jul 2023CA$61.7bCA$23.8bCA$2.8b27.2x22.3x2.6x
Mon, 12 Jun 2023CA$64.4bCA$23.9bCA$2.8b20.1x23.2x2.7x
Wed, 10 May 2023CA$65.6bCA$23.9bCA$2.9b20x22.4x2.7x
Fri, 07 Apr 2023CA$64.3bCA$22.5bCA$2.7b44.9x24x2.9x
Sun, 05 Mar 2023CA$59.2bCA$22.7bCA$2.7b42.4x21.9x2.6x
Tue, 31 Jan 2023CA$61.7bCA$21.6bCA$1.6b27.8x38.9x2.9x
Thu, 29 Dec 2022CA$57.7bCA$21.8bCA$1.6b25.3x36.1x2.6x
Sat, 26 Nov 2022CA$64.7bCA$21.6bCA$1.6b30.1x40.8x3x
Mon, 24 Oct 2022CA$61.2bCA$20.9bCA$689.5m28.1x88.7x2.9x
Wed, 21 Sep 2022CA$77.2bCA$20.6bCA$679.9m35.8x113.5x3.7x
Fri, 19 Aug 2022CA$78.7bCA$20.2bCA$672.7m38.8x117x3.9x
Sun, 17 Jul 2022CA$70.8bCA$19.3b-CA$140,247,825.0034.9x-505.1x3.7x
Tue, 14 Jun 2022CA$69.4bCA$19.2b-CA$136,219,800.0035.5x-509.7x3.6x
Thu, 12 May 2022CA$68.3bCA$19.1b-CA$268,463,876.0050.1x-254.4x3.6x
Price to Earnings Ratio

-254.4x


Total Market Cap: CA$68.3bTotal Earnings: -CA$268,463,876.00Total Revenue: CA$19.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 2x202320242025
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 86.7x which is higher than its 3-year average PE of 2.0x.
  • 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 Market1.15%
Utilities0.10%
Renewable Energy-0.099%
Independent Power Producers and Energy Traders4.56%
Renewable Energy-1.79%
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 8.0x.
    • Analysts are expecting annual earnings decline of 8.3%, which is less than its past year's earnings decline of 22.4%.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 54% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 8.3% 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$53.385.3%
+CA$416.0m		48.1%PE13.4x
TA TransAltaCA$12.802.6%
+CA$98.3m		32.5%PE21.5x
WEB Westbridge Renewable EnergyCA$0.7423.3%
+CA$14.2m		-17.8%PE1.3x
MXG Maxim PowerCA$3.913.4%
+CA$8.3m		-11.5%PE11.3x
INE Innergex Renewable EnergyCA$13.540.1%
+CA$4.1m		59.7%PE268x
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Latest News

PIF

CA$11.58

Polaris Renewable Energy

7D

-2.3%

1Y

-5.8%

INE

CA$13.54

Innergex Renewable Energy

7D

0.1%

1Y

59.7%

CPX

CA$53.38

Capital Power

7D

5.3%

1Y

48.1%

Capital Power Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

May 02
Capital Power Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

MXG

CA$3.91

Maxim Power

7D

3.4%

1Y

-11.5%

CBLU

CA$0.11

Clear Blue Technologies International

7D

29.4%

1Y

-69.4%

NPI

CA$18.28

Northland Power

7D

-3.1%

1Y

-15.5%

Is Northland Power (TSE:NPI) A Risky Investment?

Apr 26
Is Northland Power (TSE:NPI) A Risky Investment?

TA

CA$12.80

TransAlta

7D

2.6%

1Y

32.5%

RE

CA$0.44

RE Royalties

7D

-7.4%

1Y

-8.3%

BLX

CA$30.46

Boralex

7D

-3.0%

1Y

1.9%

REVV

CA$0.23

ReVolve Renewable Power

7D

4.5%

1Y

-32.4%

OEG.H

CA$0.01

ONEnergy

7D

-33.3%

1Y

n/a

WEB

CA$0.74

Westbridge Renewable Energy

7D

23.3%

1Y

-17.8%

NUE

CA$0.19

NU E Power

7D

-2.6%

1Y

n/a

CH

CA$0.06

Charbone Hydrogen

7D

20.0%

1Y

-20.0%

SOLR

CA$0.015

Solar Alliance Energy

7D

-25.0%

1Y

-70.0%