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U.S. Renewable Energy Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies33
  • 7D-0.3%
  • 3M5.8%
  • 1Y24.3%
  • YTD-2.1%

Last week, the Renewable Energy industry hasn't moved much but Talen Energy is up 6.6% in that time. As for the the longer term, the industry is up 24% over the past 12 months. 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, 06 May 2026US$114.4bUS$42.3b-US$2,687,729,205.7034.9x-42.6x2.7x
Fri, 03 Apr 2026US$110.8bUS$42.4b-US$472,404,565.0658.6x-234.6x2.6x
Sun, 01 Mar 2026US$118.2bUS$42.2b-US$567,002,817.2050.9x-208.5x2.8x
Tue, 27 Jan 2026US$114.2bUS$41.4bUS$1.5b56.1x76.2x2.8x
Thu, 25 Dec 2025US$114.1bUS$41.4bUS$1.5b52.1x76.7x2.8x
Sat, 22 Nov 2025US$118.5bUS$41.4bUS$1.5b49.5x79.6x2.9x
Mon, 20 Oct 2025US$129.3bUS$43.3bUS$1.4b46.3x91.6x3x
Wed, 17 Sep 2025US$128.7bUS$43.3bUS$1.4b41.8x90.4x3x
Fri, 15 Aug 2025US$124.4bUS$43.3bUS$1.4b41.5x90.1x2.9x
Sun, 13 Jul 2025US$113.6bUS$42.7bUS$3.2b37.8x35.6x2.7x
Tue, 10 Jun 2025US$103.8bUS$42.2bUS$3.4b30.9x30.9x2.5x
Thu, 08 May 2025US$91.1bUS$42.2bUS$3.9b27x23.6x2.2x
Sat, 05 Apr 2025US$78.7bUS$42.2bUS$5.0b28.4x15.9x1.9x
Mon, 03 Mar 2025US$82.4bUS$42.2bUS$5.0b19.2x16.6x2x
Wed, 29 Jan 2025US$83.0bUS$41.3bUS$2.3b19.7x35.8x2x
Fri, 27 Dec 2024US$84.4bUS$36.5bUS$3.6b22.1x23.4x2.3x
Sun, 24 Nov 2024US$94.5bUS$37.8bUS$3.6b23.9x26x2.5x
Tue, 22 Oct 2024US$86.4bUS$35.5bUS$1.8b28.7x46.8x2.4x
Thu, 19 Sep 2024US$74.5bUS$35.5bUS$1.8b28.6x40.4x2.1x
Sat, 17 Aug 2024US$68.0bUS$35.5bUS$1.9b26.8x36.3x1.9x
Mon, 15 Jul 2024US$72.9bUS$34.9bUS$1.2b35.3x60.9x2.1x
Wed, 12 Jun 2024US$72.0bUS$34.9bUS$1.2b37.7x60.5x2.1x
Fri, 10 May 2024US$69.7bUS$35.2bUS$918.7m41.9x75.9x2x
Sun, 07 Apr 2024US$96.0bUS$70.1bUS$816.9m41.3x117.5x1.4x
Tue, 05 Mar 2024US$54.7bUS$34.9bUS$1.7b30.1x31.6x1.6x
Thu, 01 Feb 2024US$50.1bUS$35.9bUS$1.4b22.9x36.6x1.4x
Sat, 30 Dec 2023US$54.2bUS$35.9bUS$1.4b27.4x39.9x1.5x
Mon, 27 Nov 2023US$46.5bUS$35.9bUS$1.4b25.6x34.2x1.3x
Wed, 25 Oct 2023US$42.3bUS$37.1bUS$1.3b26.7x31.7x1.1x
Fri, 22 Sep 2023US$49.1bUS$37.1bUS$1.3b30.2x37x1.3x
Sun, 20 Aug 2023US$49.1bUS$36.6bUS$142.8m32.9x343.6x1.3x
Tue, 18 Jul 2023US$49.9bUS$35.0b-US$1,135,871,120.0033.3x-43.9x1.4x
Thu, 15 Jun 2023US$49.3bUS$34.7b-US$312,596,915.0031.9x-157.7x1.4x
Sat, 13 May 2023US$50.1bUS$34.5b-US$256,520,856.0017.4x-195.3x1.5x
Price to Earnings Ratio

-195.3x


Total Market Cap: US$50.1bTotal Earnings: -US$256,520,856.00Total Revenue: US$34.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 67x202420252026
Current Industry PE
  • Investors are optimistic on the American Renewable Energy industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 7.1% 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 caused losses to expand.

Industry Trends

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

US Market1.81%
Utilities0.085%
Renewable Energy-0.34%
Independent Power Producers and Energy Traders1.02%
Renewable Energy-3.76%
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 24.6x.
    • Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings decline of 56.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings growth rate of 0.1% 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
TLN Talen EnergyUS$384.906.6%
+US$1.1b		64.0%PS6.7x
ORA Ormat TechnologiesUS$115.342.0%
+US$140.7m		60.1%PE57.2x
RNW ReNew Energy GlobalUS$5.366.6%
+US$120.2m		-15.6%PE15.3x
HNRG Hallador EnergyUS$17.6614.2%
+US$103.7m		18.0%PE19.9x
MNTK Montauk RenewablesUS$1.546.2%
+US$12.9m		-28.0%PE126.2x

Latest News

CWEN
US$38.93
Clearway Energy
7D
-3.7%
1Y
35.8%

Why Clearway Energy, Inc. (NYSE:CWEN) Could Be Worth Watching

May 06
Why Clearway Energy, Inc. (NYSE:CWEN) Could Be Worth Watching
BEPC
US$36.69
Brookfield Renewable
7D
-8.8%
1Y
32.6%
VST
US$160.38
Vistra
7D
-0.5%
1Y
10.8%
SPRU
US$3.36
Spruce Power Holding
7D
-2.9%
1Y
83.6%
WAVE
US$8.28
Eco Wave Power Global
7D
10.8%
1Y
36.4%
ANNA
US$3.40
AleAnna
7D
-10.8%
1Y
-70.3%
ELLO
US$25.00
Ellomay Capital
7D
-3.1%
1Y
71.8%
TLN
US$384.90
Talen Energy
7D
6.6%
1Y
64.0%

TLN: Data Center Demand And Nuclear Transition Will Drive Future Upside

The updated analyst price target for Talen Energy rises by about $7 to reflect higher modeled fair value, slightly adjusted discount rate assumptions, and modestly stronger revenue growth and profit margin estimates, even as some recent Street research has moved individual targets both up and down. Analyst Commentary Recent Street research on Talen Energy shows a wide range of price target changes as analysts refresh their views on valuation, growth potential, and execution risks.
ORA
US$115.34
Ormat Technologies
7D
2.0%
1Y
60.1%

ORA: Long Term PPAs Will Support Future Upside Potential

Analysts are keeping their price target for Ormat Technologies steady at $127.09, citing only very small tweaks to inputs such as discount rate, profit margin assumptions and future P/E that do not materially change their overall view of the stock's valuation. What's in the News Started commercial operations at the Shirk energy storage facility in Visalia, California, an 80 MW / 320 MWh BESS with a 15 year Resource Adequacy Purchase and Sale Agreement with the City of Riverside.
VIVO
US$3.31
VivoPower
7D
5.4%
1Y
-0.3%
AES
US$14.37
AES
7D
-0.8%
1Y
37.6%

AES: Take Private Offer And Deal Risk Will Shape Future Returns

The AES analyst fair value estimate has been revised from about $21.14 to about $15.74 as analysts align targets with the $15.00 per share cash offer and incorporate a mix of higher modeled revenue growth, lower margins, a lower future P/E, and a slightly higher discount rate following a series of downgrades tied to the proposed take private transaction. Analyst Commentary Street research around AES has shifted quickly as the proposed US$15.00 per share take private offer set a new reference point for valuation.
MNTK
US$1.54
Montauk Renewables
7D
6.2%
1Y
-28.0%
HNRG
US$17.66
Hallador Energy
7D
14.2%
1Y
18.0%
RNW
US$5.36
ReNew Energy Global
7D
6.6%
1Y
-15.6%

RNW: Solar Manufacturing Expansion And Asset Recycling Will Support Future Upside Potential

Analysts have trimmed their price target on ReNew Energy Global by about $0.11, reflecting slightly lower fair value and future P/E assumptions while keeping revenue growth and profit margin expectations effectively unchanged. What's in the News Commissioned approximately 2.4 GW of assets in Fiscal year 2026, taking total operating capacity to about 12.6 GW, with gross capacity at roughly 20 GW and a nationwide footprint of more than 150 renewable sites and 3 solar manufacturing facilities across 10 Indian states (Key Developments) Operating commercial and industrial portfolio includes 2.5 GW of committed capacity, with over 2.0 GW already commissioned, alongside a workforce of about 4,500 people across India (Key Developments) Solar manufacturing business includes 6.5 GW of operating solar module capacity and 2.5 GW of operating cell capacity, with an additional 4 GW of cell capacity under expansion targeted by December 2026, and production in Fiscal year 2026 of more than 4.1 GW of modules and almost 1.86 GW of cells (Key Developments) Received a US$100 million equity investment in the solar manufacturing business from British International Investments, focused on supporting the manufacturing platform (Key Developments) Agreed to sell a 100 MW / 117.5 MWp solar project in Tamil Nadu to Technique Solaire Group at an enterprise value of US$49 million.