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New Zealand (NZX) Renewable Energy Industry Analysis

UpdatedMay 09, 2025
DataAggregated Company Financials
Companies2
  • 7D1.4%
  • 3M-3.1%
  • 1Y-6.9%
  • YTD-2.5%

All of the companies in the Renewable Energy industry have been up over the last week, with the industry up 1.4%. In the past year, the industry is down 6.9%. Earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

Has the New Zealand Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 May 2025NZ$15.0bNZ$5.0bNZ$123.0m71x122.2x3x
Sun, 06 Apr 2025NZ$15.1bNZ$5.0bNZ$123.0m71.3x122.8x3x
Tue, 04 Mar 2025NZ$15.3bNZ$5.0bNZ$123.0m72.2x124.7x3.1x
Thu, 30 Jan 2025NZ$15.3bNZ$4.9bNZ$429.1m178.2x35.6x3.1x
Sat, 28 Dec 2024NZ$15.6bNZ$4.9bNZ$429.1m178.5x36.4x3.2x
Mon, 25 Nov 2024NZ$15.4bNZ$4.9bNZ$429.1m172.1x35.8x3.2x
Wed, 23 Oct 2024NZ$15.5bNZ$4.9bNZ$429.1m171x36.2x3.2x
Fri, 20 Sep 2024NZ$15.8bNZ$4.9bNZ$429.1m190x36.9x3.3x
Sun, 18 Aug 2024NZ$17.4bNZ$3.9bNZ$74.8m203.9x232.5x4.5x
Tue, 16 Jul 2024NZ$16.9bNZ$3.9bNZ$74.8m198.6x226.5x4.4x
Thu, 13 Jun 2024NZ$16.7bNZ$3.9bNZ$74.8m194x223.3x4.3x
Sat, 11 May 2024NZ$16.0bNZ$3.9bNZ$74.8m187.9x213.6x4.1x
Mon, 08 Apr 2024NZ$15.3bNZ$3.9bNZ$74.8m180x205.3x4x
Wed, 06 Mar 2024NZ$15.3bNZ$3.9bNZ$74.8m182.6x205.2x4x
Fri, 02 Feb 2024NZ$14.4bNZ$3.2bNZ$89.7m152.5x160.6x4.5x
Sun, 31 Dec 2023NZ$14.4bNZ$3.2bNZ$89.7m150.9x160.4x4.5x
Tue, 28 Nov 2023NZ$13.5bNZ$3.2bNZ$89.7m141.9x150.8x4.2x
Thu, 26 Oct 2023NZ$12.6bNZ$3.2bNZ$89.7m132.2x140.4x3.9x
Sat, 23 Sep 2023NZ$13.6bNZ$3.2bNZ$89.7m143x151.8x4.2x
Mon, 21 Aug 2023NZ$13.9bNZ$3.6bNZ$509.6m21x27.4x3.9x
Wed, 19 Jul 2023NZ$14.1bNZ$3.6bNZ$509.6m21.1x27.7x4x
Fri, 16 Jun 2023NZ$13.9bNZ$3.6bNZ$509.6m20.6x27.3x3.9x
Sun, 14 May 2023NZ$14.2bNZ$3.6bNZ$509.6m21.3x28x4x
Tue, 11 Apr 2023NZ$13.7bNZ$3.6bNZ$509.6m20.7x26.9x3.8x
Thu, 09 Mar 2023NZ$13.6bNZ$3.6bNZ$512.2m16.7x26.6x3.8x
Sat, 04 Feb 2023NZ$13.9bNZ$3.7bNZ$456.2m19.4x30.5x3.7x
Mon, 02 Jan 2023NZ$13.6bNZ$3.7bNZ$456.2m19.3x29.7x3.7x
Wed, 30 Nov 2022NZ$12.3bNZ$3.7bNZ$456.2m18x27x3.3x
Fri, 28 Oct 2022NZ$12.2bNZ$3.7bNZ$456.2m17.9x26.6x3.3x
Sun, 25 Sep 2022NZ$13.0bNZ$3.7bNZ$456.2m19.2x28.4x3.5x
Tue, 23 Aug 2022NZ$13.8bNZ$4.3bNZ$350.4m26.4x39.5x3.2x
Thu, 21 Jul 2022NZ$12.5bNZ$4.3bNZ$350.4m24.4x35.6x2.9x
Sat, 18 Jun 2022NZ$11.3bNZ$4.3bNZ$350.4m21.7x32.2x2.6x
Mon, 16 May 2022NZ$11.6bNZ$4.3bNZ$350.4m22.7x33x2.7x
Price to Earnings Ratio

33x


Total Market Cap: NZ$11.6bTotal Earnings: NZ$350.4mTotal Revenue: NZ$4.3bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Renewable Energy Industry Price to Earnings3Y Average 88.2x202320242025
Current Industry PE
    There are only 2 companies in the New Zealander Renewable Energy industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have declined 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the New Zealand Utilities industry?

NZ Market2.69%
Utilities1.96%
Renewable Energy1.41%
Renewable Energy1.41%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 88.2x.
    • Analysts are expecting annual earnings growth of 28.5%, which is lower than the prior year's growth of 37.6% per year.
  • 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 88.2x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 38% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 29% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MEL Meridian EnergyNZ$5.800.5%
+NZ$78.5m		-6.0%PE129.7x
Simply Wall St™
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Level 7, 320 Pitt Street, Sydney
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MEL

NZ$5.80

Meridian Energy

7D

0.5%

1Y

-6.0%