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U.S. Renewable Energy Industry Analysis

UpdatedApr 13, 2024
DataAggregated Company Financials
Companies34
  • 7D-5.5%
  • 3M14.2%
  • 1Y-0.9%
  • YTD9.8%

Over the last 7 days, the Renewable Energy industry has dropped 5.5%, driven by a pullback from Vistra of 7.4%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Apr 2024US$61.2bUS$36.7bUS$1.2b39.9x49x1.7x
Tue, 12 Mar 2024US$55.2bUS$34.9bUS$1.7b30.7x31.9x1.6x
Thu, 08 Feb 2024US$49.6bUS$35.9bUS$1.4b21.7x36.5x1.4x
Sat, 06 Jan 2024US$52.7bUS$35.9bUS$1.4b22.7x38.5x1.5x
Mon, 04 Dec 2023US$49.6bUS$35.9bUS$1.4b24.3x36.4x1.4x
Wed, 01 Nov 2023US$43.9bUS$37.2bUS$1.3b20.8x33.5x1.2x
Fri, 29 Sep 2023US$44.9bUS$37.1bUS$1.3b27.9x33.9x1.2x
Sun, 27 Aug 2023US$49.6bUS$37.1bUS$1.3b32.1x37.4x1.3x
Tue, 25 Jul 2023US$54.3bUS$35.0b-US$1,136,184,375.0034.4x-47.8x1.6x
Thu, 22 Jun 2023US$49.4bUS$35.2b-US$1,180,116,515.0031.1x-41.9x1.4x
Sat, 20 May 2023US$48.2bUS$34.6b-US$355,086,368.0027.4x-135.7x1.4x
Mon, 17 Apr 2023US$52.4bUS$32.6b-US$1,132,878,144.0013.7x-46.3x1.6x
Wed, 15 Mar 2023US$51.4bUS$32.7b-US$1,153,366,817.0024.8x-44.6x1.6x
Fri, 10 Feb 2023US$55.2bUS$31.7bUS$55.2m27.8x999.5x1.7x
Sun, 08 Jan 2023US$55.3bUS$31.7bUS$11.7m28.9x4739.2x1.7x
Tue, 06 Dec 2022US$59.0bUS$32.1b-US$4,257,260,758.0030.7x-13.9x1.8x
Thu, 03 Nov 2022US$57.2bUS$28.9b-US$670,594,708.0015.1x-85.2x2x
Sat, 01 Oct 2022US$54.1bUS$28.8b-US$701,431,080.0017.6x-77.1x1.9x
Mon, 29 Aug 2022US$63.0bUS$28.8b-US$706,877,864.0019x-89.1x2.2x
Wed, 27 Jul 2022US$54.7bUS$29.2bUS$341.0m24.1x160.3x1.9x
Fri, 24 Jun 2022US$54.7bUS$29.1bUS$45.3m60.7x1207.2x1.9x
Sun, 22 May 2022US$55.1bUS$29.1bUS$47.0m65.6x1172.6x1.9x
Tue, 19 Apr 2022US$58.8bUS$28.9b-US$1,923,860,071.0077.9x-30.6x2x
Thu, 17 Mar 2022US$59.7bUS$28.9b-US$1,948,778,966.0092.7x-30.6x2.1x
Sat, 12 Feb 2022US$55.1bUS$27.8b-US$1,828,022,227.0058.4x-30.1x2x
Mon, 10 Jan 2022US$59.0bUS$27.8b-US$1,754,051,652.0066.6x-33.6x2.1x
Wed, 08 Dec 2021US$60.7bUS$27.7b-US$1,762,994,863.0069.8x-34.4x2.2x
Fri, 05 Nov 2021US$62.3bUS$28.1b-US$1,106,292,766.0066.1x-56.3x2.2x
Sun, 03 Oct 2021US$55.5bUS$27.6b-US$1,780,629,718.0086.6x-31.2x2x
Tue, 31 Aug 2021US$53.7bUS$27.6b-US$1,804,835,587.6562.3x-29.8x1.9x
Wed, 07 Jul 2021US$50.5bUS$26.9b-US$1,697,974,060.6763.5x-29.8x1.9x
Price to Earnings Ratio

-34x


Total Market Cap: US$51.1bTotal Earnings: -US$1,504,692,284.46Total Revenue: US$26.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 414.2x202220232024
Current Industry PE
  • Investors are pessimistic on the American 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 49.0x which is lower than its 3-year average PE of 414x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
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 12% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market-1.73%
Utilities-1.89%
Renewable Energy-5.47%
Renewable Energy-3.01%
Independent Power Producers and Energy Traders-6.44%
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.
    • Analysts are expecting annual earnings growth of 9.8% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 58% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 9.8% 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
ORA Ormat TechnologiesUS$64.300.9%
+US$34.4m
-25.3%PE31.2x
WAVE Eco Wave Power GlobalUS$3.70176.1%
+US$13.1m
34.1%PS67.1x
ELLO Ellomay CapitalUS$16.001.9%
+US$3.9m
24.5%PE48.2x
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