Italian (Borsa Italiana) Renewable Energy Industry Analysis

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
Sun, 29 Jan 2023	€13.5b	€29.6b	€593.7m	19.2x	22.8x	0.5x
Tue, 27 Dec 2022	€12.9b	€29.6b	€593.8m	24.4x	21.7x	0.4x
Thu, 24 Nov 2022	€13.5b	€29.6b	€802.3m	27.9x	16.8x	0.5x
Sat, 22 Oct 2022	€12.6b	€22.7b	€855.3m	21.3x	14.7x	0.6x
Mon, 19 Sep 2022	€13.1b	€22.5b	€854.3m	20.6x	15.3x	0.6x
Wed, 17 Aug 2022	€14.1b	€22.5b	€854.3m	23.2x	16.6x	0.6x
Fri, 15 Jul 2022	€12.2b	€18.2b	€622.3m	23.2x	19.6x	0.7x
Sun, 12 Jun 2022	€15.6b	€18.8b	€604.0m	20.7x	25.8x	0.8x
Tue, 10 May 2022	€14.6b	€18.6b	€552.9m	28.5x	26.4x	0.8x
Thu, 07 Apr 2022	€17.8b	€13.6b	€623.2m	30.4x	28.6x	1.3x
Sat, 05 Mar 2022	€15.5b	€13.5b	€660.1m	29.4x	23.6x	1.2x
Mon, 31 Jan 2022	€15.1b	€10.5b	€768.1m	29.8x	19.6x	1.4x
Wed, 29 Dec 2021	€15.6b	€10.5b	€768.1m	31.6x	20.3x	1.5x
Fri, 26 Nov 2021	€14.9b	€10.5b	€768.1m	30.2x	19.4x	1.4x
Sun, 24 Oct 2021	€14.9b	€9.1b	€619.4m	29.3x	24.1x	1.6x
Tue, 21 Sep 2021	€12.3b	€9.1b	€619.7m	23.5x	19.9x	1.4x
Thu, 19 Aug 2021	€12.2b	€9.1b	€619.7m	23.5x	19.7x	1.3x
Thu, 03 Jun 2021	€11.6b	€8.3b	€439.8m	27.1x	26.3x	1.4x
Sun, 07 Mar 2021	€11.8b	€8.0b	€368.9m	32.8x	31.9x	1.5x
Wed, 09 Dec 2020	€10.5b	€8.2b	€171.0m	46.2x	61.3x	1.3x
Tue, 01 Sep 2020	€10.3b	€8.6b	€190.5m	33.7x	54x	1.2x
Fri, 05 Jun 2020	€9.6b	€9.2b	€210.9m	32.4x	45.4x	1x
Mon, 09 Mar 2020	€11.0b	€9.8b	€232.6m	40.3x	47.1x	1.1x

Current Industry PE

Investors are pessimistic on the Italian 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 22.8x which is lower than its 3-year average PE of 31.5x.

The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.46x.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have grown 37% per year over the last three years.
Revenues for these companies have grown 45% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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


IT Market	1.13%
Utilities	-1.03%
Renewable Energy	2.70%
Independent Power Producers and Energy Traders	3.07%
Renewable Energy	0.51%

Industry PE

Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 41.7x.

Analysts are expecting annual earnings growth of 50.1%, which is lower than the prior year's growth of 89.9% 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 50% over the next 5 years.
However this is lower than its past earnings growth rate of 90% per year.

In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings growth to stay flat 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	€27.86	0.4% +€15.0m	11.2%	PE15x
FDE Frendy Energy	€0.27	30.5% +€3.8m	-9.9%	n/a
IB Iniziative Bresciane	€18.30	2.8% +€2.6m	-9.4%	PE68.5x
ARN Alerion Clean Power	€31.40	0.2% +€2.6m	21.2%	PE23.4x
REN Renergetica	€6.78	3.0% +€1.6m	-1.2%	PE13x

Dec 19

Industry Valuation and Performance