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U.S. Renewable Energy Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies35
  • 7D-7.9%
  • 3M-4.5%
  • 1Y36.3%
  • YTD-2.8%

Over the last 7 days, the Renewable Energy industry has dropped 7.9%, driven by Vistra declining 6.8%. On the other hand AleAnna is actually up 25%. This takes the industry's 12 month performance to a gain of 36%. Looking forward, earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026US$113.2bUS$42.4b-US$708,217,719.2152.9x-159.9x2.7x
Sun, 01 Feb 2026US$113.9bUS$41.3bUS$31.6m55.9x3605.4x2.8x
Tue, 30 Dec 2025US$113.8bUS$41.4bUS$1.5b51.3x76.5x2.7x
Thu, 27 Nov 2025US$118.7bUS$41.4bUS$1.5b51.3x79.8x2.9x
Sat, 25 Oct 2025US$124.1bUS$43.3bUS$1.4b46.3x87.9x2.9x
Mon, 22 Sep 2025US$128.4bUS$43.2bUS$1.4b41.4x90.2x3x
Wed, 20 Aug 2025US$122.5bUS$43.3bUS$1.4b42.3x86x2.8x
Fri, 18 Jul 2025US$112.6bUS$42.7bUS$3.2b38.2x35.3x2.6x
Sun, 15 Jun 2025US$106.8bUS$42.2bUS$3.4b31.8x31.9x2.5x
Tue, 13 May 2025US$88.9bUS$42.1bUS$3.3b27.9x27.3x2.1x
Thu, 10 Apr 2025US$72.8bUS$42.2bUS$5.0b33.2x14.7x1.7x
Sat, 08 Mar 2025US$78.7bUS$42.2bUS$5.0b19.7x15.8x1.9x
Mon, 03 Feb 2025US$94.2bUS$41.2bUS$3.8b20.9x24.6x2.3x
Wed, 01 Jan 2025US$82.5bUS$36.5bUS$3.6b23.5x22.9x2.3x
Fri, 29 Nov 2024US$92.4bUS$37.8bUS$3.6b27.1x25.5x2.4x
Sun, 27 Oct 2024US$83.2bUS$35.5bUS$1.8b27.7x46.7x2.3x
Tue, 24 Sep 2024US$81.1bUS$35.5bUS$1.8b29.4x44x2.3x
Thu, 22 Aug 2024US$67.2bUS$35.5bUS$1.9b26.7x35.9x1.9x
Sat, 20 Jul 2024US$65.0bUS$34.9bUS$1.2b34.3x54.3x1.9x
Mon, 17 Jun 2024US$70.7bUS$34.9bUS$1.2b35.1x59.4x2x
Wed, 15 May 2024US$71.2bUS$35.2bUS$926.3m42.1x76.9x2x
Fri, 12 Apr 2024US$60.5bUS$36.7bUS$1.2b40.6x48.5x1.6x
Sun, 10 Mar 2024US$56.3bUS$34.9bUS$1.7b31.1x32.5x1.6x
Tue, 06 Feb 2024US$49.5bUS$35.9bUS$1.4b21.4x36.4x1.4x
Thu, 04 Jan 2024US$53.1bUS$35.9bUS$1.4b23x38.8x1.5x
Sat, 02 Dec 2023US$47.8bUS$35.9bUS$1.4b24.3x35.2x1.3x
Mon, 30 Oct 2023US$43.3bUS$37.2bUS$1.3b21x33x1.2x
Wed, 27 Sep 2023US$48.0bUS$37.1bUS$1.3b29.6x36.3x1.3x
Fri, 25 Aug 2023US$49.1bUS$37.1bUS$1.3b31.7x37x1.3x
Sun, 23 Jul 2023US$55.0bUS$35.0b-US$1,135,958,754.0034.4x-48.4x1.6x
Tue, 20 Jun 2023US$50.0bUS$35.2b-US$1,179,043,594.0030.7x-42.4x1.4x
Thu, 18 May 2023US$48.9bUS$34.6b-US$355,876,164.0027.5x-137.5x1.4x
Sat, 15 Apr 2023US$52.5bUS$32.6b-US$1,132,878,144.0013.7x-46.3x1.6x
Mon, 13 Mar 2023US$50.8bUS$32.7b-US$1,153,661,417.0024.5x-44x1.6x
Price to Earnings Ratio

-44x


Total Market Cap: US$50.8bTotal Earnings: -US$1,153,661,417.00Total Revenue: US$32.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 76.8x202420252026
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 2.0x 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 improved over the last three years.
  • Revenues for these companies have grown 9.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

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

US Market-1.22%
Utilities-0.46%
Renewable Energy-7.93%
Renewable Energy-5.19%
Independent Power Producers and Energy Traders-8.98%
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 20.8x.
    • Analysts are expecting annual earnings growth of 26.1%, 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 50% 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 26% 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$107.811.3%
+US$81.5m		55.4%PE52.9x
HNRG Hallador EnergyUS$19.736.5%
+US$56.3m		120.4%PS2x
ELLO Ellomay CapitalUS$26.8814.8%
+US$47.8m		63.9%PS7.7x
ANNA AleAnnaUS$3.8414.6%
+US$19.9m		-43.9%PS9.4x
WAVE Eco Wave Power GlobalUS$5.3812.6%
+US$3.5m		-20.9%PS186.9x

Latest News

ELLO
US$26.88
Ellomay Capital
7D
14.8%
1Y
63.9%
ORA
US$107.81
Ormat Technologies
7D
1.3%
1Y
55.4%

ORA: Long Term Geothermal PPAs Will Support Stronger Medium Term Outlook

Analysts have nudged their price target for Ormat Technologies slightly lower, from $128.60 to $128.00. This adjustment reflects updated assumptions on discount rates, forecast revenue growth, profit margins, and future P/E levels.
AES
US$14.22
AES
7D
-12.5%
1Y
30.8%
CWEN.A
US$35.09
Clearway Energy
7D
-2.5%
1Y
36.9%
BEPC
US$40.19
Brookfield Renewable
7D
-8.7%
1Y
49.1%
VST
US$167.40
Vistra
7D
-5.3%
1Y
46.3%

VST: Long Term Meta Nuclear Contracts Will Anchor PJM Power Demand

Narrative Update The analyst price target for Vistra is unchanged at $293, as analysts balance modest tweaks to growth, margins and P/E assumptions with ongoing support from recent price target revisions across the Street. These revisions include reactions to new long-term Meta contracts, PJM exposure and recent gas generation deals.
TLN
US$334.86
Talen Energy
7D
-14.1%
1Y
85.5%
MNTK
US$1.54
Montauk Renewables
7D
-2.5%
1Y
-50.6%

MNTK: Higher Required Return Will Still Support Undervalued Bullish Setup

Analysts have adjusted their price target on Montauk Renewables to $2.00, reflecting updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions, while keeping the fair value at $2.00. Valuation Changes Fair Value: held steady at $2.00, with no change between the prior and updated estimates.
ANNA
US$3.84
AleAnna
7D
14.6%
1Y
-43.9%
RNW
US$5.38
ReNew Energy Global
7D
-2.9%
1Y
-11.7%
WAVE
US$5.38
Eco Wave Power Global
7D
12.6%
1Y
-20.9%
HNRG
US$19.73
Hallador Energy
7D
6.5%
1Y
120.4%
SPRU
US$3.56
Spruce Power Holding
7D
-11.9%
1Y
44.1%

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