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New Zealand (NZX) Renewable Energy Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies1
  • 7D-2.6%
  • 3M-2.3%
  • 1Y-4.6%
  • YTD0.2%

Over the last 7 days, the Renewable Energy industry has dropped 2.6%, driven by pullbacks from every company within the industry. Overall the industry is down 4.6% in 12 months. As for the next few years, earnings are expected to grow by 39% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026NZ$14.8bNZ$4.8b-NZ$452,000,000.00n/a-32.8x3.1x
Wed, 21 Jan 2026NZ$14.8bNZ$4.8b-NZ$452,000,000.00n/a-32.6x3.1x
Fri, 19 Dec 2025NZ$14.5bNZ$4.8b-NZ$452,000,000.00n/a-32x3x
Sun, 16 Nov 2025NZ$15.4bNZ$4.8b-NZ$452,000,000.00n/a-34x3.2x
Tue, 14 Oct 2025NZ$15.8bNZ$4.8b-NZ$452,000,000.00n/a-35x3.3x
Thu, 11 Sep 2025NZ$15.1bNZ$4.8b-NZ$452,000,000.00n/a-33.4x3.1x
Sat, 09 Aug 2025NZ$14.6bNZ$5.0bNZ$117.0m125.2x125.2x2.9x
Mon, 07 Jul 2025NZ$15.4bNZ$5.0bNZ$123.0m72.9x125.3x3.1x
Wed, 04 Jun 2025NZ$14.7bNZ$5.0bNZ$123.0m69.7x119.4x2.9x
Fri, 02 May 2025NZ$14.8bNZ$5.0bNZ$123.0m70.1x120.5x3x
Sun, 30 Mar 2025NZ$14.9bNZ$5.0bNZ$123.0m70.2x120.9x3x
Tue, 25 Feb 2025NZ$15.1bNZ$4.9bNZ$429.1m303.6x35.2x3.1x
Thu, 23 Jan 2025NZ$15.3bNZ$4.9bNZ$429.1m179.5x35.7x3.1x
Sat, 21 Dec 2024NZ$14.6bNZ$4.9bNZ$429.1m177.1x34x3x
Mon, 18 Nov 2024NZ$15.4bNZ$4.9bNZ$429.1m180.8x35.8x3.2x
Wed, 16 Oct 2024NZ$15.3bNZ$4.9bNZ$429.1m181.9x35.6x3.1x
Fri, 13 Sep 2024NZ$16.2bNZ$4.9bNZ$429.1m186.7x37.7x3.3x
Sun, 11 Aug 2024NZ$16.2bNZ$3.9bNZ$74.8m189.4x216.1x4.2x
Tue, 09 Jul 2024NZ$16.9bNZ$3.9bNZ$74.8m198.3x226.1x4.4x
Thu, 06 Jun 2024NZ$16.8bNZ$3.9bNZ$74.8m197.3x225x4.3x
Sat, 04 May 2024NZ$15.8bNZ$3.9bNZ$74.8m185.8x211.8x4.1x
Mon, 01 Apr 2024NZ$15.3bNZ$3.9bNZ$74.8m180x205.3x4x
Wed, 28 Feb 2024NZ$15.1bNZ$3.2bNZ$89.7m157.7x168.1x4.7x
Fri, 26 Jan 2024NZ$14.7bNZ$3.2bNZ$89.7m156.6x163.5x4.5x
Sun, 24 Dec 2023NZ$14.2bNZ$3.2bNZ$89.7m149.2x158.6x4.4x
Tue, 21 Nov 2023NZ$13.2bNZ$3.2bNZ$89.7m138.6x147.3x4.1x
Thu, 19 Oct 2023NZ$13.2bNZ$3.2bNZ$89.7m138.2x146.7x4.1x
Sat, 16 Sep 2023NZ$13.7bNZ$3.2bNZ$89.7m143.8x152.7x4.2x
Mon, 14 Aug 2023NZ$14.2bNZ$3.6bNZ$509.6m21.2x27.8x4x
Wed, 12 Jul 2023NZ$14.4bNZ$3.6bNZ$509.6m21.3x28.2x4x
Fri, 09 Jun 2023NZ$13.9bNZ$3.6bNZ$509.6m21x27.3x3.9x
Sun, 07 May 2023NZ$13.9bNZ$3.6bNZ$509.6m21.1x27.2x3.9x
Tue, 04 Apr 2023NZ$13.3bNZ$3.6bNZ$509.6m19.9x26.1x3.7x
Thu, 02 Mar 2023NZ$13.8bNZ$3.6bNZ$512.2m17x27x3.9x
Price to Earnings Ratio

27x


Total Market Cap: NZ$13.8bTotal Earnings: NZ$512.2mTotal Revenue: NZ$3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Renewable Energy Industry Price to Earnings3Y Average 87.1x202420252026
Current Industry PE
    There is only one company 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
  • Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 9.2% 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 Market0.28%
Utilities-2.52%
Renewable Energy-2.60%
Renewable Energy-2.60%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 39% over the next 5 years.
    • In contrast, the Renewable Energy industry is expected to see its earnings grow by 39% 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
    No data available

    Latest News

    MEL
    NZ$5.61
    Meridian Energy
    7D
    -2.6%
    1Y
    -4.6%

    Meridian Energy Limited (NZSE:MEL) Shares Could Be 40% Below Their Intrinsic Value Estimate

    Jan 12
    Meridian Energy Limited (NZSE:MEL) Shares Could Be 40% Below Their Intrinsic Value Estimate