Narrative Update • Jun 02
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- 7D1.2%
- 3M-4.1%
- 1Y11.9%
- YTD-7.3%
In the last week, the Renewable Energy industry is up 1.6%, with ERG up 5.6%. In the last 12 months, the industry was up 12%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Italian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 08 Jun 2026 | €14.5b | €18.9b | €338.5m | 53.5x | 42.9x | 0.8x |
| Wed, 06 May 2026 | €15.2b | €17.3b | €530.5m | 39.9x | 28.7x | 0.9x |
| Fri, 03 Apr 2026 | €15.1b | €17.4b | €532.1m | 31.8x | 28.5x | 0.9x |
| Sun, 01 Mar 2026 | €15.3b | €17.4b | €597.3m | 29.1x | 25.7x | 0.9x |
| Tue, 27 Jan 2026 | €15.8b | €17.4b | €597.3m | 30.1x | 26.5x | 0.9x |
| Thu, 25 Dec 2025 | €15.5b | €17.4b | €597.3m | 28.2x | 25.9x | 0.9x |
| Sat, 22 Nov 2025 | €16.0b | €17.4b | €597.3m | 26.6x | 26.8x | 0.9x |
| Mon, 20 Oct 2025 | €16.4b | €17.4b | €566.6m | 29.1x | 28.9x | 0.9x |
| Wed, 17 Sep 2025 | €15.2b | €17.1b | €567.1m | 28.5x | 26.9x | 0.9x |
| Fri, 15 Aug 2025 | €14.1b | €17.1b | €567.1m | 25.9x | 24.9x | 0.8x |
| Sun, 13 Jul 2025 | €13.5b | €17.1b | €603.1m | 20.5x | 22.4x | 0.8x |
| Tue, 10 Jun 2025 | €13.1b | €16.9b | €602.5m | 22.2x | 21.7x | 0.8x |
| Thu, 08 May 2025 | €12.2b | €16.9b | €631.5m | 21x | 19.3x | 0.7x |
| Sat, 05 Apr 2025 | €11.8b | €16.9b | €630.4m | 24.6x | 18.7x | 0.7x |
| Mon, 03 Mar 2025 | €12.3b | €16.8b | €641.1m | 23.5x | 19.1x | 0.7x |
| Wed, 29 Jan 2025 | €12.8b | €16.8b | €641.1m | 24.4x | 20x | 0.8x |
| Fri, 27 Dec 2024 | €12.7b | €16.8b | €641.1m | 24.7x | 19.7x | 0.8x |
| Sun, 24 Nov 2024 | €12.5b | €16.8b | €641.1m | 25.1x | 19.5x | 0.7x |
| Tue, 22 Oct 2024 | €13.0b | €17.3b | €793.6m | 25x | 16.4x | 0.8x |
| Thu, 19 Sep 2024 | €12.1b | €17.2b | €795.1m | 18.2x | 15.2x | 0.7x |
| Sat, 17 Aug 2024 | €11.8b | €17.2b | €795.1m | 17.5x | 14.9x | 0.7x |
| Mon, 15 Jul 2024 | €11.9b | €17.9b | €818.0m | 15.2x | 14.5x | 0.7x |
| Wed, 12 Jun 2024 | €11.9b | €18.2b | €821.3m | 15.5x | 14.5x | 0.7x |
| Fri, 10 May 2024 | €12.2b | €18.2b | €822.3m | 16.3x | 14.8x | 0.7x |
| Sun, 07 Apr 2024 | €11.9b | €20.2b | €790.5m | 15.3x | 15x | 0.6x |
| Tue, 05 Mar 2024 | €12.7b | €20.3b | €703.1m | 15.5x | 18.1x | 0.6x |
| Thu, 01 Feb 2024 | €12.6b | €23.5b | €575.8m | 22.7x | 21.9x | 0.5x |
| Sat, 30 Dec 2023 | €13.2b | €23.5b | €575.8m | 23x | 22.9x | 0.6x |
| Mon, 27 Nov 2023 | €12.3b | €23.5b | €575.8m | 22.6x | 21.4x | 0.5x |
| Wed, 25 Oct 2023 | €11.6b | €29.0b | €349.2m | 26.2x | 33.3x | 0.4x |
| Fri, 22 Sep 2023 | €11.9b | €29.0b | €346.2m | 28x | 34.5x | 0.4x |
| Sun, 20 Aug 2023 | €11.9b | €29.0b | €346.2m | 27.6x | 34.3x | 0.4x |
| Tue, 18 Jul 2023 | €12.5b | €31.3b | €565.8m | 19.2x | 22.1x | 0.4x |
| Thu, 15 Jun 2023 | €12.5b | €31.3b | €565.8m | 18.6x | 22x | 0.4x |
Price to Earnings Ratio
22x
Current Industry PE
- Investors are optimistic on the Italian Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.9x which is higher than its 3-year average PE of 22.8x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 16% per year over the last three years,
- Revenues have also declined 16% 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 Italian Utilities industry?
| IT Market | -0.25% | |
| Utilities | 0.94% | |
| Renewable Energy | 1.24% | |
| Renewable Energy | 4.75% | |
| Independent Power Producers and Energy Traders | -0.51% | |
Industry PE
- Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 26.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.6x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| ERG ERG | €24.50 | 5.0% +€168.6m | 31.0% | PE34.3x | |
| ARN Alerion Clean Power | €25.05 | 3.1% +€40.2m | 46.7% | PE14.4x | |
| CGF Cogefeed | €1.25 | 13.6% +€771.6k | 78.6% | n/a |