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U.S. Renewable Energy Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies38
  • 7D-2.6%
  • 3M-12.4%
  • 1Y23.9%
  • YTD18.5%

Over the last 7 days, the Renewable Energy industry has dropped 4.0%, driven by a pullback from Vistra of 2.3%. Over the past 12 months, the industry was up 27%. 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
Sat, 20 Dec 2025US$113.7bUS$41.4bUS$1.5b50.5x76.4x2.7x
Mon, 17 Nov 2025US$119.2bUS$42.3bUS$1.1b49.5x106.2x2.8x
Wed, 15 Oct 2025US$133.2bUS$43.2bUS$1.4b45.9x94.3x3.1x
Fri, 12 Sep 2025US$126.5bUS$43.2bUS$1.4b42.2x88.9x2.9x
Sun, 10 Aug 2025US$123.2bUS$43.1bUS$1.3b43x94x2.9x
Tue, 08 Jul 2025US$115.4bUS$42.7bUS$3.2b38.6x36.1x2.7x
Thu, 05 Jun 2025US$104.3bUS$42.2bUS$3.4b30.7x31.1x2.5x
Sat, 03 May 2025US$88.1bUS$41.9bUS$4.6b32.7x19.3x2.1x
Mon, 31 Mar 2025US$83.0bUS$42.2bUS$4.9b30.4x16.8x2x
Wed, 26 Feb 2025US$85.4bUS$41.2bUS$3.8b21.2x22.6x2.1x
Fri, 24 Jan 2025US$102.0bUS$41.3bUS$2.2b19.7x46.9x2.5x
Sun, 22 Dec 2024US$82.4bUS$36.6bUS$3.6b22.1x22.8x2.3x
Tue, 19 Nov 2024US$87.1bUS$37.8bUS$3.2b25x27.5x2.3x
Thu, 17 Oct 2024US$88.0bUS$35.5bUS$1.8b30x47.7x2.5x
Sat, 14 Sep 2024US$69.2bUS$35.5bUS$1.8b28.5x37.5x1.9x
Mon, 12 Aug 2024US$66.2bUS$35.6bUS$1.4b32.3x46.5x1.9x
Wed, 10 Jul 2024US$70.8bUS$34.9bUS$1.2b33x59.1x2x
Fri, 07 Jun 2024US$73.8bUS$35.0bUS$1.2b37.3x62x2.1x
Sun, 05 May 2024US$66.3bUS$36.6bUS$1.7b35.7x40.2x1.8x
Tue, 02 Apr 2024US$98.1bUS$70.1bUS$775.9m31.9x126.4x1.4x
Thu, 29 Feb 2024US$51.7bUS$35.7bUS$1.7b30.5x30.8x1.4x
Sat, 27 Jan 2024US$50.4bUS$35.9bUS$1.4b22.1x36.8x1.4x
Mon, 25 Dec 2023US$53.3bUS$35.9bUS$1.4b28x39.2x1.5x
Wed, 22 Nov 2023US$46.5bUS$35.8bUS$1.3b20.9x35.6x1.3x
Fri, 20 Oct 2023US$42.7bUS$37.1bUS$1.3b25.1x32x1.2x
Sun, 17 Sep 2023US$50.7bUS$37.1bUS$1.3b34x38.3x1.4x
Tue, 15 Aug 2023US$50.7bUS$36.6bUS$122.3m43.2x414.8x1.4x
Thu, 13 Jul 2023US$50.4bUS$35.0b-US$1,135,988,822.0032.8x-44.3x1.4x
Sat, 10 Jun 2023US$49.0bUS$34.7b-US$312,050,293.0033.1x-157.1x1.4x
Mon, 08 May 2023US$49.0bUS$33.2b-US$1,249,327,511.0014.7x-39.2x1.5x
Wed, 05 Apr 2023US$51.1bUS$32.7b-US$1,146,936,379.0014.5x-44.5x1.6x
Fri, 03 Mar 2023US$51.1bUS$32.7b-US$1,003,154,377.0025.9x-51x1.6x
Sun, 29 Jan 2023US$56.9bUS$31.7bUS$52.9m29.9x1075.2x1.8x
Tue, 27 Dec 2022US$57.7bUS$31.7bUS$14.0m29.7x4114.2x1.8x
Price to Earnings Ratio

4114.2x


Total Market Cap: US$57.7bTotal Earnings: US$14.0mTotal Revenue: US$31.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 225.2x202320242025
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 74.2x which is lower than its 3-year average PE of 225x.
  • 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 grown 373% per year over the last three years.
  • Revenues for these companies have grown 9.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market-0.062%
Utilities-0.66%
Renewable Energy-2.65%
Independent Power Producers and Energy Traders-2.39%
Renewable Energy-3.35%
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 15.2x.
    • Analysts are expecting annual earnings growth of 29.8%, which is higher than its past year's earnings decline of 48.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 48% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 13% 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$372.254.5%
+US$726.0m		88.9%PE75.3x
CWEN.A Clearway EnergyUS$30.831.3%
+US$47.8m		25.7%PE13.3x
ELLO Ellomay CapitalUS$22.553.2%
+US$9.6m		35.0%PS6.4x
MNTK Montauk RenewablesUS$1.872.7%
+US$7.1m		-50.1%PS1.7x
ANNA AleAnnaUS$3.095.1%
+US$6.1m		-57.0%PS7.5x

Latest News

SPRU
US$5.08
Spruce Power Holding
7D
-4.7%
1Y
73.4%
TLN
US$372.25
Talen Energy
7D
4.5%
1Y
88.9%

TLN: Future Data Center Demand And PJM Pricing Will Drive Balanced Outlook

Analysts have lifted their price target for Talen Energy by $24 to reflect stronger forward power prices in PJM, the expected closing of the Caithness transaction, and growing conviction in the company’s margin resilience and data center driven growth. Analyst Commentary Recent Street research on Talen Energy has been broadly constructive, with multiple price target increases reflecting higher forward power prices in PJM, the anticipated completion of the Caithness transaction, and rising conviction in data center driven growth.
HNRG
US$19.28
Hallador Energy
7D
-13.5%
1Y
76.4%

Hallador: Capitalizing On MISO's Critical Capacity Gap

Dec 18
RNW
US$5.35
ReNew Energy Global
7D
-29.1%
1Y
-22.5%
VST
US$163.03
Vistra
7D
-4.2%
1Y
16.5%

VST: Data Center Power Demand Will Drive Long-Term Cash Flow Upside

Analysts have raised their fair value estimate for Vistra to $288 from $232 per share. This reflects higher projected revenue growth and profit margins driven by accelerating data center power demand, robust pricing for thermal IPPs, and a series of supportive Overweight and Buy initiations and price target increases across the Street.
ANNA
US$3.09
AleAnna
7D
5.1%
1Y
-57.0%

The Return Trends At AleAnna (NASDAQ:ANNA) Look Promising

Dec 13
The Return Trends At AleAnna (NASDAQ:ANNA) Look Promising
MNTK
US$1.87
Montauk Renewables
7D
2.7%
1Y
-50.1%

MNTK: Lower RINs And Rising Capex Will Shape Balanced 2025 Outlook

Analysts modestly trimmed their price target on Montauk Renewables to $4.00 from $4.50, citing lower RINs pricing tied to regulatory changes, higher maintenance capex, softer EBITDA growth, and increased cash burn. Analyst Commentary Bearish analysts highlighted that the reduced price target reflects a reassessment of Montauk Renewables valuation in light of a more challenging operating backdrop.
CWEN.A
US$30.83
Clearway Energy
7D
1.3%
1Y
25.7%
AES
US$13.53
AES
7D
-2.2%
1Y
4.1%
ORA
US$110.79
Ormat Technologies
7D
-2.3%
1Y
64.1%

ORA: Geothermal Alliance And Revenue Outlook Will Support Balanced 2025 Profile

Analysts have nudged their price target on Ormat Technologies slightly higher, to 117.60 dollars from 117.10 dollars, citing marginally stronger expected profit margins and a modestly lower discount rate that together support a slightly richer valuation multiple. What's in the News Raised 2025 total revenue guidance to a range of 960 million dollars to 980 million dollars, signaling stronger expected growth in the core business (Corporate Guidance) Entered a strategic alliance with SLB to accelerate development and commercialization of integrated geothermal assets, with a focus on enhanced geothermal systems to expand the geographic reach of geothermal power (Strategic Alliances) Planned an enhanced geothermal systems pilot at an existing Ormat facility to validate commercial scale deployment and optimize integration with surface power facilities (Strategic Alliances) Outlined a roadmap for large scale commercialization of enhanced geothermal systems targeting independent power producers, utilities and data center operators after successful pilot results (Strategic Alliances) Valuation Changes The fair value estimate has risen slightly to 117.60 dollars from 117.10 dollars, reflecting a modestly higher intrinsic valuation.
VVPR
US$2.69
VivoPower International
7D
-6.6%
1Y
90.8%
BEPC
US$38.13
Brookfield Renewable
7D
-1.6%
1Y
34.7%
ELLO
US$22.55
Ellomay Capital
7D
3.2%
1Y
35.0%