Narrative Update • Jul 23
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- 7D0.3%
- 3M-1.8%
- 1Y43.0%
- YTD22.4%
Over the last 7 days, the Renewable Energy industry has remained flat, although notably Uniper gained 5.0%. As for the the longer term, the industry is up 43% over the past 12 months. Looking forward, earnings are forecast to decline by 4.2% per year.
Industry Valuation and Performance
Has the German Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 08 Aug 2026 | €58.1b | €74.1b | €4.0b | 10.9x | 14.5x | 0.8x |
| Mon, 06 Jul 2026 | €59.0b | €74.1b | €4.0b | 10.8x | 14.7x | 0.8x |
| Wed, 03 Jun 2026 | €59.1b | €74.1b | €4.0b | 12x | 14.7x | 0.8x |
| Fri, 01 May 2026 | €61.4b | €80.1b | €4.5b | 12.3x | 13.5x | 0.8x |
| Sun, 29 Mar 2026 | €55.2b | €80.1b | €4.5b | 11.5x | 12.1x | 0.7x |
| Tue, 24 Feb 2026 | €51.8b | €88.5b | €2.2b | 17x | 23.2x | 0.6x |
| Thu, 22 Jan 2026 | €51.2b | €88.5b | €2.2b | 17.1x | 22.9x | 0.6x |
| Sat, 20 Dec 2025 | €46.2b | €88.5b | €2.2b | 14.8x | 20.7x | 0.5x |
| Mon, 17 Nov 2025 | €45.5b | €88.5b | €2.2b | 15.2x | 20.4x | 0.5x |
| Wed, 15 Oct 2025 | €43.1b | €94.8b | €2.2b | 12.7x | 19.7x | 0.5x |
| Fri, 12 Sep 2025 | €44.2b | €95.2b | €2.0b | 13.9x | 22x | 0.5x |
| Sun, 10 Aug 2025 | €44.2b | €80.4b | €3.5b | 14.2x | 12.7x | 0.5x |
| Tue, 08 Jul 2025 | €45.4b | €95.7b | €3.7b | 14.4x | 12.2x | 0.5x |
| Thu, 05 Jun 2025 | €44.5b | €95.7b | €3.7b | 94.2x | 11.9x | 0.5x |
| Sat, 03 May 2025 | €45.1b | €95.0b | €5.3b | 19.2x | 8.5x | 0.5x |
| Mon, 31 Mar 2025 | €45.8b | €94.8b | €5.5b | 19.4x | 8.4x | 0.5x |
| Wed, 26 Feb 2025 | €44.2b | €130.9b | €178.3m | 15.1x | 247.9x | 0.3x |
| Fri, 24 Jan 2025 | €43.2b | €130.9b | €178.3m | 15.5x | 242.5x | 0.3x |
| Sun, 22 Dec 2024 | €40.9b | €130.9b | €178.3m | 14.5x | 229.3x | 0.3x |
| Tue, 19 Nov 2024 | €44.8b | €130.9b | €178.3m | 15.6x | 251.1x | 0.3x |
| Thu, 17 Oct 2024 | €46.1b | €119.0b | €1.3b | 18.4x | 35.9x | 0.4x |
| Sat, 14 Sep 2024 | €45.4b | €119.0b | €1.3b | 18x | 35.1x | 0.4x |
| Mon, 12 Aug 2024 | €44.8b | €124.5b | €1.9b | 20.7x | 23.8x | 0.4x |
| Wed, 10 Jul 2024 | €45.2b | €124.5b | €1.9b | 21.8x | 24x | 0.4x |
| Fri, 07 Jun 2024 | €51.0b | €124.6b | €1.9b | 24.5x | 27.1x | 0.4x |
| Sun, 05 May 2024 | €50.0b | €143.6b | €7.9b | 20.7x | 6.4x | 0.3x |
| Tue, 02 Apr 2024 | €49.0b | €143.6b | €7.8b | 20.4x | 6.2x | 0.3x |
| Thu, 29 Feb 2024 | €48.8b | €170.4b | €39.9b | 16.9x | 1.2x | 0.3x |
| Sat, 27 Jan 2024 | €52.5b | €170.4b | €39.9b | 16.5x | 1.3x | 0.3x |
| Mon, 25 Dec 2023 | €58.6b | €170.4b | €39.9b | 16.3x | 1.5x | 0.3x |
| Wed, 22 Nov 2023 | €67.4b | €170.4b | €39.9b | 16.3x | 1.7x | 0.4x |
| Fri, 20 Oct 2023 | €61.7b | €247.8b | €9.7b | 16.4x | 6.3x | 0.2x |
| Sun, 17 Sep 2023 | €78.2b | €247.8b | €9.7b | 12.9x | 8x | 0.3x |
| Tue, 15 Aug 2023 | €83.9b | €247.8b | €9.8b | 13.5x | 8.6x | 0.3x |
Price to Earnings Ratio
8.6x
Current Industry PE
- Investors are pessimistic on the German 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 14.5x which is lower than its 3-year average PE of 36.7x.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 26% per year over the last three years,
- Revenues have also declined 33% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the German Utilities industry?
| DE Market | 2.21% | |
| Utilities | 0.59% | |
| Renewable Energy | 0.31% | |
| Renewable Energy | 1.53% | |
| Independent Power Producers and Energy Traders | 0.30% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 28.9%, which is higher than its past year's earnings decline of 20.0% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 34.0x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 4.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UN0 Uniper | €43.30 | 5.0% +€853.8m | 23.5% | PE10.9x | |
| HRPK 7C Solarparken | €1.74 | 2.4% +€3.0m | -5.0% | PS2x | |
| ABO clearvise | €1.17 | 2.2% +€1.9m | -24.0% | PS2.3x | |
| BGZ Smart Grids | €0.22 | 4.8% +€28.0k | 1,733.3% | n/a |