Over the last 7 days, the Renewable Energy industry has risen 1.2%, driven by gains from Minera Valparaiso of 5.3%. This takes the industry's 12 month performance to a gain of 32%. Looking forward, earnings are forecast to decline by 28% per year.
Industry Valuation and Performance
Has the Chilean Renewable Energy Industry valuation changed over the past few years?
Investors are pessimistic on the Chilean Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
The industry is trading at a PE ratio of 5.1x which is higher than its 3-year average PE of -50.4x.
The industry is trading close to its 3-year average PS ratio of 0.89x.
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 grown 22% per year.
This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Which industries have driven the changes within the Chilean Utilities industry?
Independent Power Producers and Energy Traders
Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
It looks like they are confident that earnings will grow faster in the future than they have historically.
Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Despite it being negative, analysts are least pessimistic on the Independent Power Producers and Energy Traders industry since they expect its earnings to decline by only 28% per year over the next 5 years, which isn't as bad as the other industries.
This is a reversal from its past annual earnings growth rate of 121% per year.
In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 28% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?