Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Renewable Energy Industry Analysis

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies37
  • 7D-2.0%
  • 3M-18.9%
  • 1Y-21.9%
  • YTD-17.7%

Over the last 7 days, the Renewable Energy industry has dropped 2.0%, driven by Vistra declining 2.4%. On the other hand Fervo Energy is actually up 5.9%. Overall the industry is down 22% in 12 months. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Sep 2026US$103.6bUS$46.3b-US$108,219,091.2123.8x-957.6x2.2x
Sun, 16 Aug 2026US$115.5bUS$46.2b-US$111,275,437.8824.5x-1038.2x2.5x
Tue, 14 Jul 2026US$122.2bUS$45.1b-US$1,015,150,276.9226x-120.4x2.7x
Thu, 11 Jun 2026US$120.5bUS$45.1b-US$909,151,935.0022.8x-132.6x2.7x
Sat, 09 May 2026US$113.2bUS$45.1b-US$816,318,304.1933x-138.7x2.5x
Mon, 06 Apr 2026US$110.3bUS$42.4b-US$481,227,934.7655.4x-229.1x2.6x
Wed, 04 Mar 2026US$116.1bUS$42.4b-US$688,015,111.6352.1x-168.7x2.7x
Fri, 30 Jan 2026US$117.6bUS$41.4bUS$1.5b57.4x78.5x2.8x
Sun, 28 Dec 2025US$113.9bUS$41.4bUS$1.5b51.5x76.5x2.7x
Tue, 25 Nov 2025US$116.8bUS$41.4bUS$1.5b50.8x78.5x2.8x
Thu, 23 Oct 2025US$122.3bUS$43.3bUS$1.4b45.2x86.6x2.8x
Sat, 20 Sep 2025US$128.1bUS$43.2bUS$1.4b41.4x90x3x
Mon, 18 Aug 2025US$121.7bUS$43.3bUS$1.4b41.8x85.5x2.8x
Wed, 16 Jul 2025US$116.2bUS$42.7bUS$3.2b38x36.4x2.7x
Fri, 13 Jun 2025US$104.1bUS$42.2bUS$3.4b31.9x31x2.5x
Sun, 11 May 2025US$88.9bUS$42.1bUS$3.3b27.3x27.3x2.1x
Tue, 08 Apr 2025US$72.2bUS$42.2bUS$5.0b28x14.6x1.7x
Thu, 06 Mar 2025US$84.5bUS$42.2bUS$5.0b19.7x16.9x2x
Sat, 01 Feb 2025US$97.2bUS$41.2bUS$3.8b20.9x25.4x2.4x
Mon, 30 Dec 2024US$82.3bUS$36.5bUS$3.6b23.7x22.8x2.3x
Wed, 27 Nov 2024US$89.7bUS$37.8bUS$3.6b25.3x24.7x2.4x
Fri, 25 Oct 2024US$84.1bUS$35.5bUS$1.8b27.8x47.2x2.4x
Sun, 22 Sep 2024US$81.1bUS$35.5bUS$1.8b29.4x44x2.3x
Tue, 20 Aug 2024US$67.2bUS$35.5bUS$1.9b28.1x35.9x1.9x
Thu, 18 Jul 2024US$70.2bUS$34.9bUS$1.2b34.8x58.6x2x
Sat, 15 Jun 2024US$71.3bUS$34.9bUS$1.2b35.1x59.9x2x
Mon, 13 May 2024US$72.5bUS$35.2bUS$926.2m41.1x78.2x2.1x
Wed, 10 Apr 2024US$62.5bUS$36.7bUS$1.2b42.3x50.1x1.7x
Fri, 08 Mar 2024US$56.4bUS$34.9bUS$1.7b30.5x32.6x1.6x
Sun, 04 Feb 2024US$51.1bUS$35.9bUS$1.4b23.2x37.5x1.4x
Tue, 02 Jan 2024US$53.8bUS$35.9bUS$1.4b27.4x39.6x1.5x
Thu, 30 Nov 2023US$47.5bUS$35.9bUS$1.4b26.6x34.9x1.3x
Sat, 28 Oct 2023US$43.4bUS$37.2bUS$1.3b21x33.1x1.2x
Mon, 25 Sep 2023US$48.6bUS$37.1bUS$1.3b30.8x36.7x1.3x
Price to Earnings Ratio

36.7x


Total Market Cap: US$48.6bTotal Earnings: US$1.3bTotal Revenue: US$37.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 11.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 7.6% 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 Market0.54%
Utilities-1.94%
Renewable Energy-2.04%
Renewable Energy-0.78%
Independent Power Producers and Energy Traders-2.57%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry even though it's trading below its 3-year average PE ratio of 27.2x.
    • Analysts are expecting annual earnings growth of 17.0%, which is lower than the prior year's growth of 50.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 17% 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
FRVO Fervo EnergyUS$16.665.9%
+US$274.1m		n/aPS15739.6x
FISN Deep FissionUS$8.1220.3%
+US$80.7m		n/aPB4.8x
ORA Ormat TechnologiesUS$97.370.7%
+US$44.3m		3.6%PE47.3x
AES AESUS$14.850.3%
+US$35.7m		14.7%PE5.5x
ELLO Ellomay CapitalUS$20.801.3%
+US$3.6m		14.3%PS5.7x

Latest News

AES
US$14.85
AES
7D
0.3%
1Y
14.7%
VST
US$143.56
Vistra
7D
-2.4%
1Y
-31.7%
Narrative Update • Sep 17

VST: AI Power Demand And Fleet Expansion Will Drive Long-Term Earnings Power

Vistra's analyst price target is updated to $217.42. Analysts point to slightly lower modeled revenue growth, a higher profit margin outlook, ongoing support from data center driven power demand, and recent fleet expansion.
FISN
US$8.12
Deep Fission
7D
20.3%
1Y
n/a
ORA
US$97.37
Ormat Technologies
7D
0.7%
1Y
3.6%
MNTK
US$2.20
Montauk Renewables
7D
-13.7%
1Y
-4.3%
CWEN
US$30.96
Clearway Energy
7D
-2.0%
1Y
10.1%
FRVO
US$16.66
Fervo Energy
7D
5.9%
1Y
n/a
Narrative Update • Sep 03

FRVO: Google Agreement And Contracted Backlog Will Drive Future Repricing

Fervo Energy's analyst fair value estimate has been reset from $34.00 to about $27.30 as analysts factor in lower modeled revenue growth, improved profit margin assumptions, and updated price targets across the Street following new power purchase agreements and recent earnings updates. Analyst Commentary Street research on Fervo Energy is broadly constructive, with many firms highlighting the company’s position in enhanced geothermal systems and its contracted backlog.
TLN
US$293.31
Talen Energy
7D
-5.9%
1Y
-29.4%
Narrative Update • Sep 03

TLN: PJM Power Tightness And Data Center Buildouts Will Drive Future Upside

Analysts have trimmed their blended price target for Talen Energy to reflect a fair value move from about $470 to roughly $460, as they factor in slightly higher risk, more moderate revenue growth assumptions, and updated views on PJM power market conditions and data center related timing. Analyst Commentary Recent research on Talen Energy highlights a mix of optimism around growth projects and PJM exposure, alongside caution on policy risk, contracting visibility, and the stock's valuation.
BEPC
US$29.86
Brookfield Renewable
7D
-3.2%
1Y
-13.8%
ELLO
US$20.80
Ellomay Capital
7D
1.3%
1Y
14.3%
RNW
US$6.84
ReNew Energy Global
7D
-0.1%
1Y
-11.4%
Seeking Alpha • Aug 18

ReNew Energy: The Buy Paid Off, But Now It's Time To Hold (Rating Downgrade)

Summary ReNew Energy Global Plc is one of India's largest renewable power producers, expanding vertically into solar manufacturing and horizontally into batteries and decarbonization services. I rated RNW stock a Buy in February, citing strong revenue and EBITDA growth, a booming project pipeline, and sector-relative undervaluation. RNW's heavy debt and execution risks were outweighed by long-term upside potential and a significant EV/EBITDA discount to peers. Since the Buy call, RNW shares have outperformed clean energy and India ETF benchmarks, rising 23.77%, but I'm now neutral. Read the full article on Seeking Alpha
WAVE
US$6.00
Eco Wave Power Global
7D
5.4%
1Y
-29.3%
HNRG
US$15.17
Hallador Energy
7D
-2.8%
1Y
-20.8%
VIVO
US$3.73
VivoPower
7D
-7.2%
1Y
-26.3%