Narrative Update • Jun 16
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- 7D-1.9%
- 3M-3.7%
- 1Y7.3%
- YTD-10.8%
Over the last 7 days, the Renewable Energy industry has dropped 1.9%, driven by ERG declining 4.3%. This takes the industry's 12 month performance to a gain of 7.3%. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Sat, 20 Jun 2026 | €14.0b | €18.9b | €338.4m | 50.3x | 41.3x | 0.7x |
| Mon, 18 May 2026 | €14.8b | €18.8b | €331.5m | 54.7x | 44.6x | 0.8x |
| Wed, 15 Apr 2026 | €15.0b | €17.4b | €531.9m | 32.7x | 28.3x | 0.9x |
| Fri, 13 Mar 2026 | €15.0b | €17.4b | €597.3m | 29.3x | 25.1x | 0.9x |
| Sun, 08 Feb 2026 | €15.8b | €17.4b | €597.3m | 30.4x | 26.4x | 0.9x |
| Tue, 06 Jan 2026 | €15.5b | €17.4b | €597.3m | 29.3x | 25.9x | 0.9x |
| Thu, 04 Dec 2025 | €16.0b | €17.4b | €597.3m | 28.5x | 26.7x | 0.9x |
| Sat, 01 Nov 2025 | €16.3b | €17.4b | €566.6m | 28.2x | 28.8x | 0.9x |
| Mon, 29 Sep 2025 | €15.3b | €17.1b | €567.1m | 27.3x | 27x | 0.9x |
| Wed, 27 Aug 2025 | €14.3b | €17.1b | €567.1m | 25.8x | 25.3x | 0.8x |
| Fri, 25 Jul 2025 | €13.9b | €17.1b | €603.1m | 20.4x | 23.1x | 0.8x |
| Sun, 22 Jun 2025 | €13.0b | €17.1b | €603.1m | 20.4x | 21.6x | 0.8x |
| Tue, 20 May 2025 | €12.2b | €16.9b | €602.5m | 21.1x | 20.2x | 0.7x |
| Thu, 17 Apr 2025 | €12.2b | €16.9b | €631.5m | 21x | 19.3x | 0.7x |
| Sat, 15 Mar 2025 | €12.2b | €17.2b | €618.3m | 25.5x | 19.8x | 0.7x |
| Mon, 10 Feb 2025 | €13.0b | €16.8b | €641.1m | 24.2x | 20.3x | 0.8x |
| Wed, 08 Jan 2025 | €13.2b | €16.8b | €641.1m | 25.4x | 20.6x | 0.8x |
| Fri, 06 Dec 2024 | €12.6b | €16.8b | €641.1m | 26.6x | 19.7x | 0.8x |
| Sun, 03 Nov 2024 | €12.6b | €16.8b | €672.6m | 24.2x | 18.7x | 0.7x |
| Tue, 01 Oct 2024 | €12.1b | €17.2b | €795.1m | 17.9x | 15.2x | 0.7x |
| Thu, 29 Aug 2024 | €12.0b | €17.2b | €795.1m | 18x | 15.1x | 0.7x |
| Sat, 27 Jul 2024 | €12.1b | €17.9b | €818.0m | 15.5x | 14.8x | 0.7x |
| Mon, 24 Jun 2024 | €11.8b | €17.9b | €818.0m | 15.2x | 14.5x | 0.7x |
| Wed, 22 May 2024 | €11.8b | €20.3b | €790.3m | 15.7x | 15x | 0.6x |
| Fri, 19 Apr 2024 | €12.0b | €20.2b | €791.3m | 15.7x | 15.2x | 0.6x |
| Sun, 17 Mar 2024 | €12.3b | €20.3b | €799.0m | 15.3x | 15.3x | 0.6x |
| Tue, 13 Feb 2024 | €12.2b | €23.5b | €574.1m | 18.8x | 21.3x | 0.5x |
| Thu, 11 Jan 2024 | €12.9b | €23.5b | €575.8m | 22.7x | 22.4x | 0.5x |
| Sat, 09 Dec 2023 | €12.6b | €23.5b | €575.8m | 22.3x | 21.9x | 0.5x |
| Mon, 06 Nov 2023 | €12.0b | €23.5b | €586.2m | 22.6x | 20.5x | 0.5x |
| Wed, 04 Oct 2023 | €11.6b | €29.0b | €345.3m | 25.1x | 33.5x | 0.4x |
| Fri, 01 Sep 2023 | €12.3b | €29.0b | €346.2m | 29.3x | 35.4x | 0.4x |
| Sun, 30 Jul 2023 | €12.2b | €29.0b | €329.8m | 21.5x | 37.1x | 0.4x |
| Tue, 27 Jun 2023 | €12.2b | €31.3b | €565.8m | 21.6x | 21.5x | 0.4x |
Price to Earnings Ratio
21.5x
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 41.3x which is higher than its 3-year average PE of 23.0x.
- 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 | 2.02% | |
| Utilities | 0.71% | |
| Renewable Energy | -1.87% | |
| Independent Power Producers and Energy Traders | -1.45% | |
| Renewable Energy | -2.72% | |
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 26.5x.
- 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 15% 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 15% 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 | |
|---|---|---|---|---|---|
| ARN Alerion Clean Power | €22.80 | 2.0% +€24.1m | 44.1% | PE13.1x | |
| ECK Ecosuntek | €3.30 | 10.0% +€5.1m | 52.8% | PE44.4x |