Over the last 7 days, the Renewable Energy industry has dropped 4.2%, driven by pullbacks from every company within the industry. Overall the industry is down 91% in 12 months. As for the next few years, earnings are forecast to decline by 16% per annum.
Industry Valuation and Performance
Has the Swedish Renewable Energy Industry valuation changed over the past few years?
Investors are pessimistic on the Swedish 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 9.0x which is lower than its 3-year average PE of 20.4x.
The 3-year average PS ratio of 8.9x is higher than the industry's current PS ratio of 6.8x.
Past Earnings Growth
Total earnings for the Renewable Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 36% per year.
This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Which industries have driven the changes within the Swedish Utilities industry?
Independent Power Producers and Energy Traders
Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 20.4x.
Analysts are expecting annual earnings decline of 16.3%, which is lower than the prior year's growth of 37,350.0% per year.
Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 20.4x.
Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 16% per year over the next 5 years, which isn't as bad as the other industries.
This is a reversal from its past annual earnings growth rate of 37,350% per year.
In contrast, the Renewable Energy industry is expected to see its earnings decline by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?