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U.S. Renewable Energy Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies35
  • 7D-5.3%
  • 3M-6.8%
  • 1Y19.2%
  • YTD-10.1%

The Renewable Energy industry is up 3.6% in the last week, with AleAnna up 79%. Meanwhile, Vistra actually underperformed within the industry, shrinking 8.1% in the last week. This takes the industry's 12 month performance to a gain of 30%. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026US$115.6bUS$42.4b-US$483,979,047.7852.3x-238.9x2.7x
Mon, 16 Feb 2026US$122.2bUS$41.2bUS$162.3m57.2x752.8x3x
Wed, 14 Jan 2026US$117.1bUS$41.4bUS$1.5b54.9x78.1x2.8x
Fri, 12 Dec 2025US$114.6bUS$41.4bUS$1.5b52.4x77x2.8x
Sun, 09 Nov 2025US$126.9bUS$42.1bUS$1.0b39.8x121.5x3x
Tue, 07 Oct 2025US$129.0bUS$43.2bUS$1.4b47.2x91.4x3x
Thu, 04 Sep 2025US$117.5bUS$43.2bUS$1.4b42.1x82.6x2.7x
Sat, 02 Aug 2025US$127.1bUS$42.6bUS$2.8b38.4x45.1x3x
Mon, 30 Jun 2025US$111.9bUS$42.3bUS$3.4b33.9x33x2.6x
Wed, 28 May 2025US$96.6bUS$42.2bUS$3.4b29.9x28.7x2.3x
Fri, 25 Apr 2025US$81.0bUS$42.0bUS$5.0b34.2x16.3x1.9x
Sun, 23 Mar 2025US$88.8bUS$42.2bUS$4.9b27.9x18x2.1x
Tue, 18 Feb 2025US$94.2bUS$41.2bUS$3.8b22.9x24.6x2.3x
Thu, 16 Jan 2025US$95.9bUS$41.3bUS$2.2b19.7x44.1x2.3x
Sat, 14 Dec 2024US$85.9bUS$36.6bUS$3.6b24.7x23.9x2.4x
Mon, 11 Nov 2024US$87.5bUS$37.7bUS$3.4b23.3x25.8x2.3x
Wed, 09 Oct 2024US$88.1bUS$35.5bUS$1.8b27.5x47.8x2.5x
Fri, 06 Sep 2024US$66.1bUS$35.5bUS$1.8b27.5x35.8x1.9x
Sun, 04 Aug 2024US$64.9bUS$34.9bUS$1.5b33.8x42.5x1.9x
Tue, 02 Jul 2024US$68.0bUS$34.9bUS$1.2b34.1x57.1x1.9x
Thu, 30 May 2024US$78.6bUS$34.9bUS$1.2b35.3x66.2x2.2x
Sat, 27 Apr 2024US$60.9bUS$36.7bUS$1.4b38.8x44.6x1.7x
Mon, 25 Mar 2024US$58.6bUS$36.6bUS$1.2b32.2x47x1.6x
Wed, 21 Feb 2024US$51.3bUS$36.0bUS$1.4b21.7x37.4x1.4x
Fri, 19 Jan 2024US$49.7bUS$35.9bUS$1.4b20.4x36.3x1.4x
Sun, 17 Dec 2023US$52.6bUS$35.9bUS$1.4b26.9x38.7x1.5x
Tue, 14 Nov 2023US$43.9bUS$36.0bUS$983.2m22.2x44.7x1.2x
Thu, 12 Oct 2023US$43.2bUS$37.1bUS$1.3b25.1x32.3x1.2x
Sat, 09 Sep 2023US$49.5bUS$37.1bUS$1.3b31.4x37.3x1.3x
Mon, 07 Aug 2023US$50.6bUS$35.0b-US$1,181,611,657.0037x-42.8x1.4x
Wed, 05 Jul 2023US$49.0bUS$35.0b-US$1,135,978,641.0032.1x-43.1x1.4x
Fri, 02 Jun 2023US$48.2bUS$34.6b-US$355,618,964.0030.1x-135.6x1.4x
Sun, 30 Apr 2023US$50.6bUS$32.7b-US$1,333,195,614.0016x-38x1.5x
Tue, 28 Mar 2023US$49.7bUS$32.7b-US$1,153,110,811.0021.6x-43.1x1.5x
Price to Earnings Ratio

-43.1x


Total Market Cap: US$49.7bTotal Earnings: -US$1,153,110,811.00Total Revenue: US$32.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 74.7x202420252026
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 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-1.86%
Utilities-4.99%
Renewable Energy-5.30%
Renewable Energy-1.93%
Independent Power Producers and Energy Traders-6.55%
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 21.8x.
    • Analysts are expecting annual earnings growth of 24.5%, 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 49% 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
ANNA AleAnnaUS$7.0778.5%
+US$126.5m		-8.2%PS17.2x
ELLO Ellomay CapitalUS$25.343.2%
+US$10.9m		58.4%PS7.3x
SPRU Spruce Power HoldingUS$4.428.1%
+US$6.0m		83.4%PS0.7x
VIVO VivoPowerUS$2.248.2%
+US$2.9m		73.6%PS616.6x
WAVE Eco Wave Power GlobalUS$6.317.1%
+US$2.5m		-14.7%PS969.7x

Latest News

TLN
US$302.97
Talen Energy
7D
-4.2%
1Y
41.0%
ORA
US$106.42
Ormat Technologies
7D
-3.6%
1Y
48.5%

ORA: Long Term Geothermal PPAs And Storage Projects Will Support Stronger Outlook

Analysts are keeping Ormat Technologies' fair value unchanged at $128. This reflects only very small tweaks to assumptions around discount rate, revenue growth, profit margin, and future P/E that do not materially shift their overall view.
VST
US$146.02
Vistra
7D
-8.1%
1Y
11.8%
RNW
US$5.07
ReNew Energy Global
7D
-2.9%
1Y
-18.0%
AES
US$14.10
AES
7D
-0.6%
1Y
8.0%

AES: Take Private Offer And Rumored Bidding Interest Will Shape Outlook

AES’s updated analyst price target has shifted slightly higher to about $15.33 from $15.29 as analysts align their views with the proposed $15 per share cash acquisition and factor in a modestly adjusted outlook for growth and profitability. Analyst Commentary Recent research around AES has largely converged on the proposed US$15 per share cash offer from Global Infrastructure Partners and the EQT Infrastructure VI fund, with target prices and ratings moving to reflect a take private scenario rather than a standalone growth story.
HNRG
US$15.72
Hallador Energy
7D
-8.1%
1Y
23.0%
CWEN.A
US$37.26
Clearway Energy
7D
-1.9%
1Y
33.4%

CWEN.A: Long Term Contracts And Project Pipeline Are Expected To Sustain Distributions

Analysts have raised their blended price target on Clearway Energy to $40.20 from $38.00, citing refreshed post-Q4 research that highlights improving project visibility, updated cash flow outlooks and revised P/E assumptions across recent Street reports. Analyst Commentary Street research around Clearway Energy has been generally constructive, with several firms updating their targets after Q4 results and refreshed estimates.
ELLO
US$25.34
Ellomay Capital
7D
3.2%
1Y
58.4%
BEPC
US$38.58
Brookfield Renewable
7D
-1.6%
1Y
31.4%
ANNA
US$7.07
AleAnna
7D
78.5%
1Y
-8.2%
VIVO
US$2.24
VivoPower
7D
8.2%
1Y
73.6%
WAVE
US$6.31
Eco Wave Power Global
7D
7.1%
1Y
-14.7%
SPRU
US$4.42
Spruce Power Holding
7D
8.1%
1Y
83.4%

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