Narrative Update • Jun 30
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- 7D1.7%
- 3M-6.5%
- 1Y3.2%
- YTD-10.8%
Over the last 7 days, the Renewable Energy industry has risen 1.3%, driven by gains from Alerion Clean Power of 4.7%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 15% per annum.
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, 06 Jul 2026 | €14.0b | €19.1b | €339.4m | 43.6x | 41.2x | 0.7x |
| Wed, 03 Jun 2026 | €14.3b | €18.9b | €338.5m | 52x | 42.2x | 0.8x |
| Fri, 01 May 2026 | €15.4b | €17.3b | €530.5m | 40.1x | 29x | 0.9x |
| Sun, 29 Mar 2026 | €14.9b | €17.4b | €532.1m | 30.9x | 28x | 0.9x |
| Tue, 24 Feb 2026 | €15.2b | €17.4b | €597.3m | 28.4x | 25.4x | 0.9x |
| Thu, 22 Jan 2026 | €15.6b | €17.4b | €597.3m | 29.7x | 26.1x | 0.9x |
| Sat, 20 Dec 2025 | €15.4b | €17.4b | €597.3m | 28.4x | 25.8x | 0.9x |
| Mon, 17 Nov 2025 | €16.1b | €17.4b | €566.6m | 27x | 28.4x | 0.9x |
| Wed, 15 Oct 2025 | €16.5b | €17.4b | €566.6m | 28.5x | 29.1x | 0.9x |
| Fri, 12 Sep 2025 | €15.1b | €17.1b | €567.1m | 28.3x | 26.6x | 0.9x |
| Sun, 10 Aug 2025 | €14.3b | €17.1b | €568.9m | 21.4x | 25.2x | 0.8x |
| Tue, 08 Jul 2025 | €13.5b | €17.1b | €603.1m | 20.6x | 22.4x | 0.8x |
| Thu, 05 Jun 2025 | €13.2b | €16.9b | €602.5m | 22.3x | 22x | 0.8x |
| Sat, 03 May 2025 | €12.2b | €16.9b | €631.5m | 20.9x | 19.4x | 0.7x |
| Mon, 31 Mar 2025 | €12.3b | €16.9b | €618.3m | 25.3x | 19.9x | 0.7x |
| Wed, 26 Feb 2025 | €12.1b | €16.8b | €641.1m | 23.2x | 18.9x | 0.7x |
| Fri, 24 Jan 2025 | €13.0b | €16.8b | €641.1m | 24.4x | 20.2x | 0.8x |
| Sun, 22 Dec 2024 | €12.6b | €16.8b | €641.1m | 24.6x | 19.7x | 0.7x |
| Tue, 19 Nov 2024 | €12.6b | €16.9b | €641.1m | 25.1x | 19.7x | 0.7x |
| Thu, 17 Oct 2024 | €12.6b | €17.3b | €793.6m | 25.1x | 15.9x | 0.7x |
| Sat, 14 Sep 2024 | €12.1b | €17.2b | €795.1m | 18.1x | 15.2x | 0.7x |
| Mon, 12 Aug 2024 | €11.6b | €17.2b | €795.1m | 17.5x | 14.6x | 0.7x |
| Wed, 10 Jul 2024 | €11.6b | €17.9b | €818.0m | 14.9x | 14.2x | 0.7x |
| Fri, 07 Jun 2024 | €12.1b | €18.2b | €821.3m | 16.1x | 14.7x | 0.7x |
| Sun, 05 May 2024 | €12.0b | €18.2b | €822.3m | 15.9x | 14.6x | 0.7x |
| Tue, 02 Apr 2024 | €12.0b | €20.2b | €787.3m | 15.4x | 15.3x | 0.6x |
| Thu, 29 Feb 2024 | €12.6b | €20.5b | €703.1m | 15.4x | 17.9x | 0.6x |
| Sat, 27 Jan 2024 | €12.8b | €23.5b | €575.8m | 22.8x | 22.1x | 0.5x |
| Mon, 25 Dec 2023 | €13.1b | €23.5b | €575.8m | 22.9x | 22.7x | 0.6x |
| Wed, 22 Nov 2023 | €12.2b | €23.5b | €575.8m | 22.2x | 21.2x | 0.5x |
| Fri, 20 Oct 2023 | €11.7b | €29.0b | €349.2m | 26.5x | 33.6x | 0.4x |
| Sun, 17 Sep 2023 | €12.2b | €29.0b | €346.2m | 29.6x | 35.1x | 0.4x |
| Tue, 15 Aug 2023 | €12.0b | €29.0b | €346.2m | 28.3x | 34.7x | 0.4x |
| Thu, 13 Jul 2023 | €12.3b | €31.3b | €565.8m | 20.3x | 21.8x | 0.4x |
Price to Earnings Ratio
21.8x
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 41.2x which is higher than its 3-year average PE of 23.3x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
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 15% 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 | 3.31% | |
| Utilities | 1.28% | |
| Renewable Energy | 1.72% | |
| Renewable Energy | 2.43% | |
| Independent Power Producers and Energy Traders | 1.36% | |
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 27.1x.
- 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 | €21.85 | 1.6% +€18.8m | 0% | PE12.6x | |
| ERG ERG | €23.60 | 0.5% +€17.4m | 27.2% | PE33x | |
| ECK Ecosuntek | €3.50 | 4.8% +€2.7m | 57.7% | PE26.5x |