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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies13
  • 7D-1.0%
  • 3M5.4%
  • 1Y29.5%
  • YTD25.4%

Over the last 7 days, the Renewable Energy industry has dropped 1.0%, driven by declines in Bitzero Holdings and Capital Power of 23% and 1.1%, respectively. Over the past 12 months, the industry was up 29%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026CA$62.0bCA$18.7b-CA$368,288,005.56267.3x-168.3x3.3x
Sat, 30 May 2026CA$62.8bCA$18.5b-CA$365,198,482.92254.2x-171.9x3.4x
Mon, 27 Apr 2026CA$58.2bCA$18.3b-CA$145,942,911.47245.4x-399x3.2x
Wed, 25 Mar 2026CA$53.1bCA$18.4b-CA$115,775,056.3362.9x-458.2x2.9x
Fri, 20 Feb 2026CA$51.8bCA$18.0b-CA$151,195,913.2012.1x-342.6x2.9x
Sun, 18 Jan 2026CA$48.2bCA$18.0b-CA$629,166,753.463.2x-76.6x2.7x
Tue, 16 Dec 2025CA$48.0bCA$17.9b-CA$623,709,972.303.3x-76.9x2.7x
Thu, 13 Nov 2025CA$52.7bCA$17.9b-CA$380,829,508.9113.1x-138.3x2.9x
Sat, 11 Oct 2025CA$52.8bCA$17.6b-CA$394,009,386.607.1x-134.1x3x
Mon, 08 Sep 2025CA$46.1bCA$17.5b-CA$387,499,393.198.2x-118.9x2.6x
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
Price to Earnings Ratio

21.4x


Total Market Cap: CA$59.5bTotal Earnings: CA$2.8bTotal Revenue: CA$23.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -34.7x202420252026
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 7.7% per year, which is driving profits down.

Industry Trends

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

CA Market0.037%
Utilities-0.83%
Renewable Energy-1.02%
Independent Power Producers and Energy Traders-0.70%
Renewable Energy-1.15%
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 7.0% 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$15.625.0%
    +CA$15.7m    		27.9%PE32.6x
    		BLX BoralexCA$37.030.3%
    +CA$11.3m    		12.6%PS4.2x
    		NKW.H Oceanic Wind EnergyCA$0.1271.4%
    +CA$4.4m    		118.2%PB15.2x
    		NUE NU E PowerCA$0.163.2%
    +CA$329.8k    		45.5%PS17.2x
    		AKH.H Alaska HydroCA$0.0320.0%
    +CA$191.8k    		50.0%PE-14.7x

    Latest News

    TA
    CA$19.11
    TransAlta
    7D
    -2.5%
    1Y
    29.8%
    PIF
    CA$15.62
    Polaris Renewable Energy
    7D
    5.0%
    1Y
    27.9%
    BLX
    CA$37.03
    Boralex
    7D
    0.3%
    1Y
    12.6%
    CBLU
    CA$0.035
    Clear Blue Technologies International
    7D
    -12.5%
    1Y
    -56.3%
    CPX
    CA$71.75
    Capital Power
    7D
    -4.0%
    1Y
    31.3%
    Narrative Update • Jun 25

    CPX: Fair Value Outlook Will Depend On Margins And Secured Cash Flows

    Analysts have made a modest upward revision to the Capital Power fair value estimate. The model implies an increase of about CA$0.23 per share, reflecting updated assumptions on the discount rate and forward P/E, while revenue growth and profit margin expectations remain essentially unchanged.
    NUE
    CA$0.16
    NU E Power
    7D
    3.2%
    1Y
    45.5%
    RESO
    CA$0.11
    ReSolve Energie
    7D
    -12.0%
    1Y
    n/a
    AIBZ.U
    US$6.76
    Bitzero Holdings
    7D
    -22.7%
    1Y
    n/a
    Analysis Article • Jun 18

    Bitzero Holdings (CNSX:AIBZ.U) Stock Looks Rich After Norway Data Center Lease And Nasdaq Debut

    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...
    NPI
    CA$21.62
    Northland Power
    7D
    -2.2%
    1Y
    -3.6%
    MXG
    CA$4.16
    Maxim Power
    7D
    -3.5%
    1Y
    -8.6%
    WEB
    CA$1.08
    Westbridge Renewable Energy
    7D
    -2.7%
    1Y
    -55.7%
    NKW.H
    CA$0.12
    Oceanic Wind Energy
    7D
    71.4%
    1Y
    118.2%
    AKH.H
    CA$0.03
    Alaska Hydro
    7D
    20.0%
    1Y
    50.0%