U.S. Renewable Energy Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies34
- 7D-3.4%
- 3M15.2%
- 1Y-3.5%
- YTD6.4%
Over the last 7 days, the Renewable Energy industry has dropped 3.4%, driven by a pullback from Vistra of 1.3%. However, the industry is down 3.5% over the past year. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the U.S. Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | US$57.1b | US$36.7b | US$1.2b | 36.9x | 45.7x | 1.6x |
| Thu, 21 Mar 2024 | US$55.5b | US$36.6b | US$1.2b | 32x | 44.8x | 1.5x |
| Sat, 17 Feb 2024 | US$51.6b | US$35.9b | US$1.4b | 21.9x | 37.9x | 1.4x |
| Mon, 15 Jan 2024 | US$51.7b | US$35.9b | US$1.4b | 22.1x | 37.8x | 1.4x |
| Wed, 13 Dec 2023 | US$49.5b | US$35.9b | US$1.4b | 27x | 36.4x | 1.4x |
| Fri, 10 Nov 2023 | US$45.8b | US$36.0b | US$981.4m | 23.1x | 46.7x | 1.3x |
| Sun, 08 Oct 2023 | US$41.1b | US$37.1b | US$1.3b | 27.9x | 30.8x | 1.1x |
| Tue, 05 Sep 2023 | US$50.2b | US$37.1b | US$1.3b | 32x | 37.8x | 1.4x |
| Thu, 03 Aug 2023 | US$51.8b | US$35.0b | -US$1,334,644,279.00 | 36.8x | -38.8x | 1.5x |
| Sat, 01 Jul 2023 | US$48.8b | US$35.0b | -US$1,135,907,642.00 | 33.3x | -43x | 1.4x |
| Mon, 29 May 2023 | US$47.7b | US$34.6b | -US$354,775,759.00 | 29.2x | -134.4x | 1.4x |
| Wed, 26 Apr 2023 | US$50.9b | US$32.6b | -US$1,132,665,918.00 | 13.4x | -45x | 1.6x |
| Fri, 24 Mar 2023 | US$48.4b | US$32.7b | -US$1,153,097,744.00 | 21x | -42x | 1.5x |
| Sun, 19 Feb 2023 | US$55.9b | US$31.8b | US$84.2m | 27.7x | 663.8x | 1.8x |
| Tue, 17 Jan 2023 | US$58.1b | US$31.7b | US$9.4m | 30.9x | 6177.2x | 1.8x |
| Thu, 15 Dec 2022 | US$59.9b | US$32.1b | -US$4,255,988,864.00 | 31.6x | -14.1x | 1.9x |
| Sat, 12 Nov 2022 | US$60.4b | US$31.7b | US$40.9m | 15.1x | 1478.8x | 1.9x |
| Mon, 10 Oct 2022 | US$55.1b | US$28.8b | -US$697,832,564.00 | 17.1x | -79x | 1.9x |
| Wed, 07 Sep 2022 | US$61.6b | US$28.8b | -US$706,847,964.00 | 18x | -87.2x | 2.1x |
| Fri, 05 Aug 2022 | US$60.7b | US$28.1b | US$902.8m | 20.4x | 67.3x | 2.2x |
| Sun, 03 Jul 2022 | US$55.7b | US$29.1b | US$46.9m | 68.8x | 1187.4x | 1.9x |
| Tue, 31 May 2022 | US$59.6b | US$29.1b | US$43.5m | 72.6x | 1371.1x | 2x |
| Thu, 28 Apr 2022 | US$54.8b | US$28.9b | -US$1,980,373,072.00 | 72.2x | -27.7x | 1.9x |
| Sat, 26 Mar 2022 | US$60.7b | US$28.9b | -US$1,915,296,493.00 | 117x | -31.7x | 2.1x |
| Mon, 21 Feb 2022 | US$55.0b | US$27.8b | -US$1,827,700,794.00 | 57.4x | -30.1x | 2x |
| Wed, 19 Jan 2022 | US$57.0b | US$27.8b | -US$1,757,257,430.00 | 66.4x | -32.4x | 2.1x |
| Fri, 17 Dec 2021 | US$61.1b | US$27.7b | -US$1,779,352,803.00 | 68.7x | -34.4x | 2.2x |
| Sun, 14 Nov 2021 | US$62.7b | US$27.6b | -US$1,655,026,304.00 | 51.6x | -37.9x | 2.3x |
| Tue, 12 Oct 2021 | US$56.8b | US$27.6b | -US$1,778,165,415.00 | 86.6x | -31.9x | 2.1x |
| Thu, 09 Sep 2021 | US$55.4b | US$27.6b | -US$1,848,115,787.65 | 24.4x | -30x | 2x |
| Sat, 07 Aug 2021 | US$50.0b | US$26.9b | -US$1,697,974,060.67 | 63.1x | -29.5x | 1.9x |
| Fri, 30 Apr 2021 | US$51.1b | US$26.2b | -US$1,504,692,284.46 | 54.9x | -34x | 2x |
Price to Earnings Ratio
-34x
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 45.7x which is lower than its 3-year average PE of 411x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.6x.
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 | -3.18% | |
| Utilities | 1.81% | |
| Renewable Energy | -3.35% | |
| Renewable Energy | -1.04% | |
| Independent Power Producers and Energy Traders | -4.31% | |
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 10.3% 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 33% 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 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AES AES | US$16.70 | 5.0% +US$561.5m | -30.0% | PE49.1x | |
| ORA Ormat Technologies | US$64.57 | 7.7% +US$279.6m | -25.9% | PE31.3x | |
| AY Atlantica Sustainable Infrastructure | US$18.51 | 7.9% +US$158.0m | -32.1% | PE49.6x | |
| CWEN.A Clearway Energy | US$21.53 | 6.1% +US$145.1m | -25.4% | PE31.9x | |
| RNW ReNew Energy Global | US$5.66 | 6.4% +US$117.3m | 9.3% | PE42.6x |
