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Canadian (TSX) Renewable Energy Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies13
  • 7D0.06%
  • 3M9.1%
  • 1Y31.8%
  • YTD18.7%

The Renewable Energy industry has been flat over the last week, but Northland Power has lost 4.5%. As for the the longer term, the industry is up 29% over the past 12 months. Looking forward, earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026CA$57.7bCA$18.4b-CA$368,241,636.23230.7x-156.7x3.1x
Sat, 18 Apr 2026CA$59.1bCA$18.3b-CA$145,808,736.88248.2x-405.4x3.2x
Mon, 16 Mar 2026CA$52.2bCA$18.3b-CA$118,715,950.7360.4x-439.8x2.8x
Wed, 11 Feb 2026CA$50.5bCA$17.9b-CA$150,743,693.7112x-334.9x2.8x
Fri, 09 Jan 2026CA$47.4bCA$17.9b-CA$627,151,593.623.3x-75.5x2.6x
Sun, 07 Dec 2025CA$48.7bCA$17.9b-CA$625,849,664.5014.2x-77.8x2.7x
Tue, 04 Nov 2025CA$56.9bCA$17.8b-CA$429,338,813.943.9x-132.6x3.2x
Thu, 02 Oct 2025CA$49.1bCA$17.6b-CA$391,434,052.317x-125.4x2.8x
Sat, 30 Aug 2025CA$47.2bCA$17.4b-CA$382,388,539.638.8x-123.4x2.7x
Mon, 28 Jul 2025CA$49.3bCA$17.6bCA$264.2m17.8x186.7x2.8x
Wed, 25 Jun 2025CA$48.9bCA$18.7bCA$302.9m19.4x161.4x2.6x
Fri, 23 May 2025CA$46.0bCA$18.8bCA$294.4m19.3x156.2x2.4x
Sun, 20 Apr 2025CA$40.1bCA$19.1bCA$686.5m18.1x58.4x2.1x
Tue, 18 Mar 2025CA$43.6bCA$19.4bCA$667.5m19x65.4x2.3x
Thu, 13 Feb 2025CA$41.5bCA$19.6b-CA$101,738,595.2317.5x-407.9x2.1x
Sat, 11 Jan 2025CA$39.0bCA$19.5bCA$60.5m21.9x644.7x2x
Mon, 09 Dec 2024CA$57.3bCA$26.1b-CA$1,729,986,190.7720.6x-33.1x2.2x
Wed, 06 Nov 2024CA$57.2bCA$25.3bCA$1.5b16.1x38.6x2.3x
Fri, 04 Oct 2024CA$57.7bCA$25.5bCA$2.0b13.3x29.4x2.3x
Sun, 01 Sep 2024CA$51.1bCA$25.4bCA$2.0b12x26.1x2x
Tue, 30 Jul 2024CA$51.6bCA$25.4bCA$2.8b7.7x18.4x2x
Thu, 27 Jun 2024CA$52.9bCA$25.2bCA$2.8b7.9x19x2.1x
Sat, 25 May 2024CA$54.7bCA$25.2bCA$2.8b7.9x19.7x2.2x
Mon, 22 Apr 2024CA$43.5bCA$25.1bCA$894.8m11.9x48.6x1.7x
Wed, 20 Mar 2024CA$45.2bCA$24.9bCA$897.3m13x50.3x1.8x
Fri, 16 Feb 2024CA$47.2bCA$24.9bCA$1.1b16.1x41.6x1.9x
Sun, 14 Jan 2024CA$54.5bCA$24.7bCA$3.4b16.4x15.8x2.2x
Tue, 12 Dec 2023CA$53.1bCA$24.9bCA$3.5b14.8x15.3x2.1x
Thu, 09 Nov 2023CA$50.1bCA$25.0bCA$3.5b28.6x14.2x2x
Sat, 07 Oct 2023CA$48.7bCA$24.2bCA$1.7b17.4x28.4x2x
Mon, 04 Sep 2023CA$56.0bCA$24.2bCA$1.7b19.4x32.7x2.3x
Wed, 02 Aug 2023CA$58.6bCA$23.8bCA$2.8b24.8x21.1x2.5x
Fri, 30 Jun 2023CA$59.6bCA$23.8bCA$2.8b23.7x21.5x2.5x
Sun, 28 May 2023CA$63.8bCA$24.1bCA$2.8b19.7x22.7x2.6x
Price to Earnings Ratio

22.7x


Total Market Cap: CA$63.8bTotal Earnings: CA$2.8bTotal Revenue: CA$24.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Renewable Energy Industry Price to Earnings3Y Average -27.4x202420252026
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 8.5% per year, which is driving profits down.

Industry Trends

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

CA Market-0.16%
Utilities0.21%
Renewable Energy0.057%
Independent Power Producers and Energy Traders0.68%
Renewable Energy-0.17%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 52% 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 7.9% 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$17.852.2%
    +CA$116.1m    		45.0%PS2.4x
    		REVV ReVolve Renewable PowerCA$0.185.9%
    +CA$838.4k    		-30.8%PS2.7x
    		NUE NU E PowerCA$0.153.4%
    +CA$329.8k    		42.9%PS104x

    Latest News

    BLX
    CA$36.85
    Boralex
    7D
    -0.2%
    1Y
    22.4%
    PIF
    CA$12.38
    Polaris Renewable Energy
    7D
    -2.5%
    1Y
    7.9%
    Analysis Article • May 15

    Investors Shouldn't Be Too Comfortable With Polaris Renewable Energy's (TSE:PIF) Earnings

    Despite posting some strong earnings, the market for Polaris Renewable Energy Inc.'s ( TSE:PIF ) stock hasn't moved...
    NPI
    CA$22.51
    Northland Power
    7D
    -4.5%
    1Y
    9.5%
    MXG
    CA$4.21
    Maxim Power
    7D
    -1.2%
    1Y
    -0.9%
    BITZ.U
    US$4.71
    Bitzero Holdings
    7D
    -2.1%
    1Y
    n/a
    TA
    CA$17.85
    TransAlta
    7D
    2.2%
    1Y
    45.0%
    RE
    CA$0.40
    RE Royalties
    7D
    -8.1%
    1Y
    -16.8%
    CPX
    CA$63.91
    Capital Power
    7D
    -0.08%
    1Y
    17.1%
    Analysis Article • May 04

    Downgrade: Here's How Analysts See Capital Power Corporation (TSE:CPX) Performing In The Near Term

    The analysts covering Capital Power Corporation ( TSE:CPX ) delivered a dose of negativity to shareholders today, by...
    WEB
    CA$1.36
    Westbridge Renewable Energy
    7D
    -2.9%
    1Y
    -55.3%
    NUE
    CA$0.15
    NU E Power
    7D
    3.4%
    1Y
    42.9%
    REVV
    CA$0.18
    ReVolve Renewable Power
    7D
    5.9%
    1Y
    -30.8%