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

U.S. Independent Power Producers and Energy Traders Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies5
  • 7D-9.2%
  • 3M-15.5%
  • 1Y-2.6%
  • YTDn/a

Over the last 7 days, the Independent Power Producers and Energy Traders industry has dropped 9.2%, driven by Vistra declining 11%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

Has the U.S. Independent Power Producers and Energy Traders Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026US$82.4bUS$32.1bUS$2.1b56.6x39.4x2.6x
Mon, 22 Dec 2025US$82.7bUS$32.1bUS$2.1b57.5x39.7x2.6x
Wed, 19 Nov 2025US$87.2bUS$32.1bUS$2.1b61.6x41.9x2.7x
Fri, 17 Oct 2025US$101.9bUS$33.1bUS$3.1b32.5x32.9x3.1x
Sun, 14 Sep 2025US$99.4bUS$33.1bUS$3.1b32.4x32.1x3x
Tue, 12 Aug 2025US$95.9bUS$33.1bUS$3.1b30.9x31.1x2.9x
Thu, 10 Jul 2025US$85.8bUS$32.7bUS$3.9b21.8x22.1x2.6x
Sat, 07 Jun 2025US$77.1bUS$32.3bUS$4.1b20.7x18.8x2.4x
Mon, 05 May 2025US$64.7bUS$31.4bUS$4.8b10.3x13.6x2.1x
Wed, 02 Apr 2025US$57.8bUS$31.6bUS$5.2b13.2x11.2x1.8x
Fri, 28 Feb 2025US$68.2bUS$31.5bUS$4.6b13.2x14.9x2.2x
Sun, 26 Jan 2025US$84.5bUS$30.6bUS$4.0b15x21.3x2.8x
Tue, 24 Dec 2024US$66.9bUS$30.6bUS$4.0b15.6x16.8x2.2x
Thu, 21 Nov 2024US$73.4bUS$30.6bUS$3.5b22.7x21x2.4x
Sat, 19 Oct 2024US$64.8bUS$28.6bUS$2.1b13.5x31.2x2.3x
Mon, 16 Sep 2024US$51.1bUS$28.6bUS$2.1b15.5x24.6x1.8x
Wed, 14 Aug 2024US$45.7bUS$28.6bUS$1.6b17.8x28.5x1.6x
Fri, 12 Jul 2024US$52.3bUS$28.1bUS$1.5b22.9x35x1.9x
Sun, 09 Jun 2024US$50.2bUS$28.1bUS$1.5b22.3x33.6x1.8x
Tue, 07 May 2024US$48.6bUS$29.7bUS$2.0b23.8x24.4x1.6x
Thu, 04 Apr 2024US$43.9bUS$29.9bUS$1.7b30.2x25.6x1.5x
Sat, 02 Mar 2024US$34.2bUS$28.2bUS$2.1b13.6x16.1x1.2x
Mon, 29 Jan 2024US$30.1bUS$29.1bUS$1.3b11.4x23.8x1x
Wed, 27 Dec 2023US$30.1bUS$29.1bUS$1.3b10.7x23.9x1x
Fri, 24 Nov 2023US$26.9bUS$29.1bUS$1.3b9.7x21.3x0.9x
Sun, 22 Oct 2023US$24.1bUS$30.6bUS$1.4b9.7x17.3x0.8x
Tue, 19 Sep 2023US$27.0bUS$30.6bUS$1.4b10.2x19.3x0.9x
Thu, 17 Aug 2023US$26.6bUS$30.1bUS$212.0m7.6x125.6x0.9x
Sat, 15 Jul 2023US$24.3bUS$28.6b-US$1,769,000,000.00n/a-13.7x0.9x
Mon, 12 Jun 2023US$22.7bUS$28.0b-US$903,000,000.00n/a-25.1x0.8x
Wed, 10 May 2023US$24.3bUS$28.0b-US$903,000,000.00n/a-26.9x0.9x
Fri, 07 Apr 2023US$25.5bUS$26.3b-US$1,923,000,000.00n/a-13.2x1x
Sun, 05 Mar 2023US$25.0bUS$26.3b-US$1,923,000,000.00n/a-13x0.9x
Tue, 31 Jan 2023US$26.6bUS$25.5b-US$663,000,000.00n/a-40.1x1x
Price to Earnings Ratio

-40.1x


Total Market Cap: US$26.6bTotal Earnings: -US$663,000,000.00Total Revenue: US$25.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Independent Power Producers and Energy Traders Industry Price to Earnings3Y Average 17.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Independent Power Producers and Energy Traders industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.4x which is higher than its 3-year average PE of 17.8x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • Total earnings for the Independent Power Producers and Energy Traders industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 8.0% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Independent Power Producers and Energy Traders compare with similar industries?

US Market-0.28%
Utilities-2.04%
Renewable Energy-6.15%
Independent Power Producers and Energy Traders-9.15%
Renewable Energy2.62%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AES AESUS$14.250.4%
+US$42.7m		22.8%PE9.4x

Latest News

AES
US$14.25
AES
7D
0.4%
1Y
22.8%
VST
US$160.12
Vistra
7D
-3.9%
1Y
-16.2%

VST: Long Term Meta Nuclear Contracts Will Support Data Center Power Demand

Analysts nudged their price target on Vistra up to $293 from $288 as they factor in stronger contracted growth from long term Meta power agreements and updated expectations for revenue, margins and future P/E multiples across the independent power producer group. Analyst Commentary Bullish analysts are largely framing the latest Vistra moves, including long term power agreements with Meta and recent generation acquisitions, as supportive for the company’s valuation and earnings power within the independent power producer peer group.
HNRG
US$20.00
Hallador Energy
7D
-1.0%
1Y
51.7%
TLN
US$366.43
Talen Energy
7D
-1.4%
1Y
49.5%

TLN: Data Center Demand And Caithness Deal Will Reshape Earnings Power

Analysts have lifted their blended price target on Talen Energy to about US$557 from roughly US$399, citing updated assumptions that reflect recent price target increases across the Street, the planned closing of the Caithness transaction by late 2025, higher forward power prices in PJM, and growing attention on Talen's role in supporting data center demand. Analyst Commentary Bullish analysts are framing the recent set of price target moves on Talen Energy as a re-marking of the stock to reflect updated deal assumptions, power market inputs in PJM, and rising visibility into data center related demand.