German (DAX) Renewable Energy Industry Analysis

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
Thu, 25 Jun 2026	€57.1b	€74.1b	€4.0b	11.2x	14.2x	0.8x
Sat, 23 May 2026	€61.2b	€74.1b	€4.0b	12.6x	15.2x	0.8x
Mon, 20 Apr 2026	€56.5b	€80.1b	€4.5b	11.9x	12.4x	0.7x
Wed, 18 Mar 2026	€61.1b	€80.1b	€4.5b	13.3x	13.4x	0.8x
Fri, 13 Feb 2026	€52.0b	€88.5b	€2.2b	17.2x	23.3x	0.6x
Sun, 11 Jan 2026	€49.0b	€88.5b	€2.2b	15.9x	22x	0.6x
Tue, 09 Dec 2025	€46.4b	€88.5b	€2.2b	14.4x	20.8x	0.5x
Thu, 06 Nov 2025	€43.3b	€94.8b	€2.2b	13x	19.9x	0.5x
Sat, 04 Oct 2025	€43.0b	€94.8b	€2.2b	12.7x	19.7x	0.5x
Mon, 01 Sep 2025	€43.7b	€95.2b	€2.0b	13.2x	21.7x	0.5x
Wed, 30 Jul 2025	€45.3b	€95.7b	€3.7b	14.4x	12.2x	0.5x
Fri, 27 Jun 2025	€45.3b	€95.7b	€3.7b	13.1x	12.2x	0.5x
Sun, 25 May 2025	€43.7b	€95.7b	€3.7b	94.1x	11.7x	0.5x
Tue, 22 Apr 2025	€45.5b	€95.0b	€5.5b	18.7x	8.4x	0.5x
Thu, 20 Mar 2025	€47.1b	€94.2b	€3.1b	19.5x	15x	0.5x
Sat, 15 Feb 2025	€42.7b	€130.9b	€178.3m	15x	239.5x	0.3x
Mon, 13 Jan 2025	€42.5b	€130.9b	€178.3m	15.6x	238.5x	0.3x
Wed, 11 Dec 2024	€43.8b	€130.9b	€178.3m	15.3x	245.5x	0.3x
Fri, 08 Nov 2024	€44.5b	€140.2b	€865.7m	17.7x	51.4x	0.3x
Sun, 06 Oct 2024	€48.2b	€119.0b	€1.3b	18.5x	37.5x	0.4x
Tue, 03 Sep 2024	€45.5b	€119.0b	€1.3b	18.1x	35.3x	0.4x
Thu, 01 Aug 2024	€47.2b	€124.5b	€1.9b	21.5x	25.1x	0.4x
Sat, 29 Jun 2024	€46.7b	€124.5b	€1.9b	22.3x	24.8x	0.4x
Mon, 27 May 2024	€50.5b	€124.6b	€1.9b	24.6x	26.8x	0.4x
Wed, 24 Apr 2024	€49.0b	€143.6b	€7.9b	19.6x	6.2x	0.3x
Fri, 22 Mar 2024	€48.9b	€143.6b	€7.9b	17.5x	6.2x	0.3x
Sun, 18 Feb 2024	€50.0b	€170.4b	€39.9b	18.1x	1.3x	0.3x
Tue, 16 Jan 2024	€56.6b	€170.4b	€39.9b	17.3x	1.4x	0.3x
Thu, 14 Dec 2023	€66.8b	€170.4b	€39.9b	15.9x	1.7x	0.4x
Sat, 11 Nov 2023	€67.7b	€175.1b	€38.1b	16.1x	1.8x	0.4x
Mon, 09 Oct 2023	€70.4b	€247.8b	€9.7b	16.9x	7.2x	0.3x
Wed, 06 Sep 2023	€79.5b	€247.8b	€9.7b	12.7x	8.2x	0.3x
Fri, 04 Aug 2023	€87.5b	€309.8b	€9.3b	13.8x	9.4x	0.3x
Sun, 02 Jul 2023	€74.0b	€280.6b	-€2,617,261,077.00	18.9x	-28.3x	0.3x

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 14.2x which is lower than its 3-year average PE of 35.1x.

The industry is trading close to its 3-year average PS ratio of 0.44x.

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 declined 36% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

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


DE Market	-1.52%
Utilities	-2.42%
Renewable Energy	-1.74%
Independent Power Producers and Energy Traders	-1.72%
Renewable Energy	-6.74%

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 38.2%, 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 32.5x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 38% 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 6.2% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	RWE RWE	€55.48	1.6% +€636.3m	55.2%	PE16.6x
	BGZ Smart Grids	€0.19	2.6% +€14.0k	506.3%	n/a

Company

Last Price

Valuation

RWE RWE

€55.48

1.6%
+€636.3m

55.2%

PE16.6x

BGZ Smart Grids

€0.19

2.6%
+€14.0k

506.3%

n/a

clearvise AG Starts Construction of the Tezze Solar Project in Italy

clearvise AG started construction work as scheduled at the Tezze project site in the northern Italian province of Vicenza. The Tezze PV project originates from a cooperation within the clearPARTNERS program and has a secured revenue basis: the plant, with an installed capacity of around 4.1 MWp, has been awarded a government tariff premium for a term of 20 years. The building permit was granted in the shortest possible time and has been legally binding since the beginning of November 2025. The solar park is being built on the site of a former quarry and is to be fully constructed in the course of 2026. Construction work is progressing according to plan. Immediately after the handover of the site, extensive earthworks were carried out to level the construction area, and the substructure work for the access road was completed. In a further step, the foundations for the three planned electrical stations – two transformer stations and one distribution and grid-connection handover station – were poured. The photovoltaic field is dividend into two subfields, one of which will be fully equipped with tracking systems, and each section has its own transformer station. Once the detailed plant layout has been completed, the next construction step will be the excavation of the cable trenches as well as fencing in the site. Thanks to its long-term secured revenue base and high in-house value creation, Tezze is a commercially attractive project in a dynamically developing market.

German (DAX) Renewable Energy Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

RWE Aktiengesellschaft has filed a Follow-on Equity Offering in the amount of €1.951773 billion.

Uniper Stock: Canadian LNG Supply Agreements Broaden Energy Security and Decarbonisation Prospects

clearvise AG Starts Construction of the Tezze Solar Project in Italy

New major risk - Share price stability

7C Solarparken AG, Annual General Meeting, Jun 02, 2026

New minor risk - Financial data availability