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U.S. Renewable Energy Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies36
  • 7D-1.2%
  • 3M-10.1%
  • 1Y13.4%
  • YTD-4.4%

Over the last 7 days, the Renewable Energy industry has dropped 1.2%, driven by Vistra declining 2.9%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

Has the U.S. Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026US$113.9bUS$41.3bUS$31.9m54.4x3575.5x2.8x
Fri, 02 Jan 2026US$113.3bUS$41.4bUS$1.5b50.3x75.5x2.7x
Sun, 30 Nov 2025US$122.4bUS$41.4bUS$1.5b51.5x82.3x3x
Tue, 28 Oct 2025US$128.7bUS$43.2bUS$1.4b46.5x91.2x3x
Thu, 25 Sep 2025US$126.4bUS$43.2bUS$1.4b42.6x88.9x2.9x
Sat, 23 Aug 2025US$118.3bUS$43.3bUS$1.4b42.4x83.1x2.7x
Mon, 21 Jul 2025US$116.8bUS$42.7bUS$3.2b39x36.6x2.7x
Wed, 18 Jun 2025US$108.2bUS$42.3bUS$3.4b32.2x31.9x2.6x
Fri, 16 May 2025US$97.4bUS$42.2bUS$3.3b29.3x30x2.3x
Sun, 13 Apr 2025US$78.2bUS$42.2bUS$5.0b32.3x15.8x1.9x
Tue, 11 Mar 2025US$79.1bUS$42.2bUS$5.0b18.8x15.8x1.9x
Thu, 06 Feb 2025US$94.2bUS$41.2bUS$3.8b20.5x24.6x2.3x
Sat, 04 Jan 2025US$87.3bUS$36.5bUS$3.4b24.1x25.3x2.4x
Mon, 02 Dec 2024US$94.3bUS$37.7bUS$3.6b27.1x26x2.5x
Wed, 30 Oct 2024US$85.0bUS$35.5bUS$1.8b28x47.7x2.4x
Fri, 27 Sep 2024US$86.0bUS$35.5bUS$1.8b28.8x46.6x2.4x
Sun, 25 Aug 2024US$68.6bUS$35.5bUS$1.8b27.2x37.2x1.9x
Tue, 23 Jul 2024US$65.2bUS$34.9bUS$1.2b35.2x54.5x1.9x
Thu, 20 Jun 2024US$70.3bUS$34.9bUS$1.2b35.7x59x2x
Sat, 18 May 2024US$73.9bUS$34.9bUS$1.2b33.7x62.3x2.1x
Mon, 15 Apr 2024US$59.0bUS$36.7bUS$1.2b39.9x47.2x1.6x
Wed, 13 Mar 2024US$55.2bUS$34.9bUS$1.7b30.1x31.9x1.6x
Fri, 09 Feb 2024US$50.0bUS$35.9bUS$1.4b21.5x36.7x1.4x
Sun, 07 Jan 2024US$52.6bUS$35.9bUS$1.4b22.7x38.4x1.5x
Tue, 05 Dec 2023US$49.6bUS$35.9bUS$1.4b23.3x36.4x1.4x
Thu, 02 Nov 2023US$43.9bUS$37.2bUS$1.3b21.5x33.4x1.2x
Sat, 30 Sep 2023US$44.9bUS$37.1bUS$1.3b28.4x33.9x1.2x
Mon, 28 Aug 2023US$49.6bUS$37.1bUS$1.3b32.1x37.4x1.3x
Wed, 26 Jul 2023US$54.0bUS$35.0b-US$1,307,173,449.0036.3x-41.3x1.5x
Fri, 23 Jun 2023US$49.4bUS$35.2b-US$1,180,153,398.0031x-41.9x1.4x
Sun, 21 May 2023US$48.2bUS$34.6b-US$355,087,531.0027.4x-135.7x1.4x
Tue, 18 Apr 2023US$52.4bUS$32.6b-US$1,132,628,908.0014.5x-46.3x1.6x
Thu, 16 Mar 2023US$50.8bUS$32.6b-US$1,152,311,243.0023.9x-44x1.6x
Sat, 11 Feb 2023US$55.8bUS$31.7bUS$55.2m28.2x1011.9x1.8x
Price to Earnings Ratio

1011.9x


Total Market Cap: US$55.8bTotal Earnings: US$55.2mTotal Revenue: US$31.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 61.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 4kx which is higher than its 3-year average PE of 59.2x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have declined 17% per year over the last three years.
  • Meanwhile revenues for these companies 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 U.S. Utilities industry?

US Market-0.35%
Utilities-0.66%
Renewable Energy-1.22%
Renewable Energy1.78%
Independent Power Producers and Energy Traders-2.40%
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 18.6x.
    • Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings decline of 48.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 39% over the next 5 years.
  • However this is lower than its past earnings growth rate of 69% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 25% 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
BEPC Brookfield RenewableUS$40.994.2%
+US$566.7m		58.3%PS3.7x
ORA Ormat TechnologiesUS$125.771.8%
+US$132.5m		101.3%PE57.3x
AES AESUS$14.730.8%
+US$78.3m		37.5%PE9.7x
MNTK Montauk RenewablesUS$1.7017.6%
+US$36.3m		-59.0%PS1.5x
SPRU Spruce Power HoldingUS$5.703.1%
+US$3.1m		119.2%PS1x

Latest News

AES
US$14.73
AES
7D
0.8%
1Y
37.5%

AES: Panama Lawsuit And Market Rumors Will Shape Forward Outlook

Analysts have adjusted their price targets for AES slightly, reflecting updated views on modestly positive revenue growth of about 1.20%, a profit margin estimate near 14.61%, and a relatively steady forward P/E assumption of around 8.47x. What's in the News Panamanian companies Sinolam LNG Terminal, S.A. and Sinolam Smarter Energy LNG Power Co. filed a civil action in the Circuit Court for Arlington County, Virginia, against AES Corporation and partners including InterEnergy Holdings (UK) Limited, alleging a years long scheme to exclude Sinolam from Panama's liquefied natural gas to power market (Key Developments).
VST
US$154.26
Vistra
7D
-2.9%
1Y
-8.5%

VST: Long Term Meta Nuclear Agreements Will Support PJM Data Center Demand

Analysts have nudged their average price targets on Vistra higher into a range around $217 to $293, citing recent long term nuclear power agreements with Meta, as well as updated expectations for execution and market conditions as key drivers behind the recalibration. Analyst Commentary Recent Street research around Vistra reflects mixed adjustments to price targets, but the tone from several bullish analysts remains constructive.
BEPC
US$40.99
Brookfield Renewable
7D
4.2%
1Y
58.3%
VVPR
US$1.80
VivoPower International
7D
-19.9%
1Y
69.3%
SPRU
US$5.70
Spruce Power Holding
7D
3.1%
1Y
119.2%

Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry

Jan 29
Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry
HNRG
US$17.94
Hallador Energy
7D
-4.1%
1Y
68.5%

Hallador Energy Company's (NASDAQ:HNRG) Share Price Is Matching Sentiment Around Its Revenues

Jan 29
Hallador Energy Company's (NASDAQ:HNRG) Share Price Is Matching Sentiment Around Its Revenues
MNTK
US$1.70
Montauk Renewables
7D
17.6%
1Y
-59.0%

MNTK: Lower RINs Pricing Will Shape Undervalued Bullish Setup

Narrative Update Analysts have trimmed their price target on Montauk Renewables to $4.00 from $4.50, citing a lower valuation multiple tied to weaker than expected RINs pricing following regulation changes, along with higher maintenance capex, softer EBITDA growth expectations and larger cash burn. Analyst Commentary Bearish analysts are signaling a more cautious stance on Montauk Renewables after the recent quarterly update, even though results were in line with their own forecasts.
RNW
US$5.41
ReNew Energy Global
7D
-2.3%
1Y
-14.9%

RNW: New Google Agreement Will Support Long Run Clean Energy Upside

Analysts have nudged their price target on ReNew Energy Global slightly higher to reflect updated assumptions around revenue growth and future P/E, while modestly trimming profit margin expectations and keeping both fair value and the discount rate effectively unchanged. What's in the News ReNew Energy Global signed a long term agreement with Google to support a new 150 MW solar project in Rajasthan, with Google set to procure the project's energy attributes from ReNew (Key Developments).
TLN
US$340.80
Talen Energy
7D
-2.7%
1Y
47.6%

TLN: Caithness Deal And PJM Power Prices Will Reshape Earnings Power

Analysts have nudged their price targets on Talen Energy higher by around $6 per share, citing modestly stronger revenue growth and profit margins, along with slightly adjusted discount rate and P/E assumptions based on recent research updates from major firms. Analyst Commentary Recent Street research on Talen Energy has leaned positive, with several bullish analysts adjusting their valuation work and lifting price targets.
CWEN.A
US$33.40
Clearway Energy
7D
-1.1%
1Y
37.2%

CWEN.A: Long Term Contracts And Guidance Are Expected To Support Distributions

Analysts have nudged their price target on Clearway Energy higher, with our fair value estimate moving from US$37.50 to US$38.00, as they highlight continued execution on growth plans, improved long term guidance, and a lower perceived risk profile following recent updates. Analyst Commentary Recent research updates point to a steadily improving analyst stance on Clearway Energy, with several price target increases clustered around the latest company updates and management meetings.
ORA
US$125.77
Ormat Technologies
7D
1.8%
1Y
101.3%

ORA: Geothermal Expansion And Data Center Demand Will Support Balanced Medium Term Outlook

Analysts have raised their fair value estimate for Ormat Technologies from US$121.40 to US$123.70, reflecting updated views on discount rates, revenue growth, margins, and future P/E assumptions. What's in the News Ormat was awarded the Telaga Ranu Geothermal Working Area in Halmahera, North Maluku, after a competitive tender with four qualified bidders, securing long term exploration and development rights for a resource that the Indonesian Electricity Supply Plan cites as having potential to support up to 40MW of baseload geothermal capacity and contributing to the country's diesel replacement and energy transition goals (Key Developments).
ANNA
US$2.58
AleAnna
7D
-12.2%
1Y
-71.1%
ELLO
US$26.10
Ellomay Capital
7D
-8.5%
1Y
67.2%