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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedAug 06, 2025
DataAggregated Company Financials
Companies13
  • 7D-3.6%
  • 3M15.9%
  • 1Y10.9%
  • YTD1.4%

Over the last 7 days, the Renewable Energy industry has dropped 3.6%, driven by Capital Power declining 8.3%. Over the past 12 months, the industry was up 11%. Earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 Aug 2025CA$47.1bCA$17.5b-CA$54,691,784.0920.7x-860.8x2.7x
Fri, 04 Jul 2025CA$48.7bCA$18.6bCA$309.8m19.7x157.1x2.6x
Sun, 01 Jun 2025CA$46.1bCA$18.7bCA$302.9m18.9x152.2x2.5x
Tue, 29 Apr 2025CA$42.7bCA$19.1bCA$687.5m18.7x62.2x2.2x
Thu, 27 Mar 2025CA$44.9bCA$19.4bCA$647.7m19.6x69.3x2.3x
Sat, 22 Feb 2025CA$43.7bCA$19.6bCA$62.6m22x697.4x2.2x
Mon, 20 Jan 2025CA$39.0bCA$19.5bCA$59.2m20.2x659.5x2x
Wed, 18 Dec 2024CA$56.4bCA$26.2b-CA$1,756,040,780.6922.1x-32.1x2.1x
Fri, 15 Nov 2024CA$56.3bCA$26.0b-CA$1,701,716,329.0514.8x-33.1x2.2x
Sun, 13 Oct 2024CA$55.4bCA$25.7bCA$2.0b12.9x28.1x2.2x
Tue, 10 Sep 2024CA$50.5bCA$25.5bCA$2.0b11.8x25.7x2x
Thu, 08 Aug 2024CA$51.9bCA$25.7bCA$1.7b9.1x29.9x2x
Sat, 06 Jul 2024CA$52.6bCA$25.2bCA$2.8b7.8x18.9x2.1x
Mon, 03 Jun 2024CA$55.0bCA$25.2bCA$2.8b8.1x19.8x2.2x
Wed, 01 May 2024CA$44.4bCA$25.1bCA$894.4m11.3x49.6x1.8x
Fri, 29 Mar 2024CA$46.7bCA$24.9bCA$897.8m13.1x52x1.9x
Sun, 25 Feb 2024CA$46.8bCA$25.0bCA$512.3m28.6x91.4x1.9x
Tue, 23 Jan 2024CA$54.5bCA$24.8bCA$3.5b16.3x15.8x2.2x
Thu, 21 Dec 2023CA$55.5bCA$24.7bCA$3.4b15.7x16.1x2.2x
Sat, 18 Nov 2023CA$53.5bCA$25.0bCA$3.5b26.6x15.3x2.1x
Mon, 16 Oct 2023CA$48.2bCA$24.2bCA$1.7b17.4x28.1x2x
Wed, 13 Sep 2023CA$54.8bCA$24.1bCA$1.7b19.8x32.1x2.3x
Fri, 11 Aug 2023CA$57.1bCA$24.1bCA$1.9b16.7x29.6x2.4x
Sun, 09 Jul 2023CA$59.5bCA$23.8bCA$2.8b23.6x21.4x2.5x
Tue, 06 Jun 2023CA$64.9bCA$24.0bCA$2.8b20x23.3x2.7x
Thu, 04 May 2023CA$63.6bCA$23.4bCA$2.9b20.2x22x2.7x
Sat, 01 Apr 2023CA$65.4bCA$22.6bCA$2.7b44.9x24.4x2.9x
Mon, 27 Feb 2023CA$57.8bCA$22.4bCA$2.6b39.4x21.9x2.6x
Wed, 25 Jan 2023CA$62.6bCA$21.6bCA$1.6b27.2x39.5x2.9x
Fri, 23 Dec 2022CA$58.8bCA$21.8bCA$1.6b25.5x36.8x2.7x
Sun, 20 Nov 2022CA$62.3bCA$21.6bCA$1.6b29.3x39.3x2.9x
Tue, 18 Oct 2022CA$61.0bCA$21.0bCA$693.0m27.2x88x2.9x
Thu, 15 Sep 2022CA$77.8bCA$20.4bCA$675.7m36.8x115.2x3.8x
Sat, 13 Aug 2022CA$78.5bCA$20.1bCA$678.4m38.7x115.7x3.9x
Price to Earnings Ratio

115.7x


Total Market Cap: CA$78.5bTotal Earnings: CA$678.4mTotal Revenue: CA$20.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average 54.5x202320242025
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 2.7x.
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 4.6% per year, which is driving profits down.

Industry Trends

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

CA Market-0.13%
Utilities-0.09%
Renewable Energy-3.63%
Renewable Energy-2.89%
Independent Power Producers and Energy Traders-5.33%
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 13.5x.
    • Analysts are expecting annual earnings growth of 56.0%, which is higher than its past year's earnings decline of 42.9% per year.
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 43% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 29% 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$12.643.9%
+CA$9.8m		3.2%PS2.5x
MXG Maxim PowerCA$4.781.5%
+CA$4.5m		22.6%PE20.7x
WEB Westbridge Renewable EnergyCA$0.683.0%
+CA$2.0m		-20.9%PE3.9x
CBLU Clear Blue Technologies InternationalCA$0.08513.3%
+CA$786.0k		-76.4%PS2.2x
REVV ReVolve Renewable PowerCA$0.244.3%
+CA$678.4k		-22.6%PE9.2x

Latest News

CPX
CA$57.13
Capital Power
7D
-8.3%
1Y
31.6%
PIF
CA$12.64
Polaris Renewable Energy
7D
3.9%
1Y
3.2%
TA
CA$16.62
TransAlta
7D
-0.2%
1Y
46.9%
NPI
CA$22.58
Northland Power
7D
-0.9%
1Y
-3.0%

These 4 Measures Indicate That Northland Power (TSE:NPI) Is Using Debt Extensively

Jul 31
These 4 Measures Indicate That Northland Power (TSE:NPI) Is Using Debt Extensively
RE
CA$0.44
RE Royalties
7D
1.1%
1Y
-9.3%
BLX
CA$30.57
Boralex
7D
-3.0%
1Y
-11.1%
MXG
CA$4.78
Maxim Power
7D
1.5%
1Y
22.6%
REVV
CA$0.24
ReVolve Renewable Power
7D
4.3%
1Y
-22.6%
WEB
CA$0.68
Westbridge Renewable Energy
7D
3.0%
1Y
-20.9%
NUE
CA$0.13
NU E Power
7D
-13.3%
1Y
n/a
CBLU
CA$0.085
Clear Blue Technologies International
7D
13.3%
1Y
-76.4%
SXI
CA$2.40
Synex Renewable Energy
7D
3.0%
1Y
34.8%