Narrative Update • May 20

In the last week, Independent Power Producers and Energy Traders has been flat. The past year has been better, since the industry has gained 7.8% in that time. As for the next few years, earnings are expected to grow by 16% per annum.
Has the U.S. Independent Power Producers and Energy Traders Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | US$70.9b | US$35.6b | US$3.4b | 23.7x | 20.8x | 2x |
| Sat, 18 Apr 2026 | US$83.6b | US$33.1b | US$1.5b | 17.7x | 55.2x | 2.5x |
| Mon, 16 Mar 2026 | US$78.9b | US$33.1b | US$1.5b | 19.2x | 52.1x | 2.4x |
| Wed, 11 Feb 2026 | US$80.4b | US$32.1b | US$2.1b | 56.3x | 38.4x | 2.5x |
| Fri, 09 Jan 2026 | US$80.6b | US$32.1b | US$2.1b | 53.2x | 38.5x | 2.5x |
| Sun, 07 Dec 2025 | US$83.6b | US$32.1b | US$2.1b | 59x | 40.1x | 2.6x |
| Tue, 04 Nov 2025 | US$92.9b | US$33.1b | US$3.1b | 29.8x | 30x | 2.8x |
| Thu, 02 Oct 2025 | US$96.0b | US$33.1b | US$3.1b | 31.1x | 31x | 2.9x |
| Sat, 30 Aug 2025 | US$94.7b | US$33.1b | US$3.1b | 29.2x | 30.6x | 2.9x |
| Mon, 28 Jul 2025 | US$91.5b | US$32.7b | US$3.9b | 27.7x | 23.5x | 2.8x |
| Wed, 25 Jun 2025 | US$84.0b | US$32.3b | US$4.1b | 23.5x | 20.5x | 2.6x |
| Fri, 23 May 2025 | US$69.5b | US$32.3b | US$4.1b | 19.1x | 16.9x | 2.2x |
| Sun, 20 Apr 2025 | US$55.6b | US$31.6b | US$5.2b | 9.3x | 10.8x | 1.8x |
| Tue, 18 Mar 2025 | US$60.4b | US$31.6b | US$5.2b | 13.4x | 11.7x | 1.9x |
| Thu, 13 Feb 2025 | US$75.1b | US$30.6b | US$4.0b | 17.7x | 18.9x | 2.5x |
| Sat, 11 Jan 2025 | US$74.5b | US$30.6b | US$4.0b | 15x | 18.7x | 2.4x |
| Mon, 09 Dec 2024 | US$75.0b | US$30.6b | US$4.0b | 16.2x | 18.9x | 2.5x |
| Wed, 06 Nov 2024 | US$59.3b | US$28.5b | US$2.4b | 12x | 25.2x | 2.1x |
| Fri, 04 Oct 2024 | US$66.2b | US$28.6b | US$2.1b | 14.5x | 31.9x | 2.3x |
| Sun, 01 Sep 2024 | US$49.2b | US$28.6b | US$2.1b | 12.6x | 23.7x | 1.7x |
| Tue, 30 Jul 2024 | US$43.8b | US$28.1b | US$1.5b | 20.6x | 29.3x | 1.6x |
| Thu, 27 Jun 2024 | US$51.5b | US$28.1b | US$1.5b | 21.8x | 34.5x | 1.8x |
| Sat, 25 May 2024 | US$54.6b | US$28.1b | US$1.5b | 23.3x | 36.5x | 1.9x |
| Mon, 22 Apr 2024 | US$40.0b | US$29.9b | US$1.7b | 28.8x | 23.3x | 1.3x |
| Wed, 20 Mar 2024 | US$38.4b | US$29.9b | US$1.7b | 27.3x | 22.3x | 1.3x |
| Fri, 16 Feb 2024 | US$30.7b | US$29.1b | US$1.3b | 11.8x | 24.3x | 1.1x |
| Sun, 14 Jan 2024 | US$30.2b | US$29.1b | US$1.3b | 10.9x | 23.9x | 1x |
| Tue, 12 Dec 2023 | US$28.7b | US$29.1b | US$1.3b | 10.3x | 22.8x | 1x |
| Thu, 09 Nov 2023 | US$26.4b | US$29.3b | US$1.0b | 10.1x | 25.5x | 0.9x |
| Sat, 07 Oct 2023 | US$23.0b | US$30.6b | US$1.4b | 9.8x | 16.5x | 0.8x |
| Mon, 04 Sep 2023 | US$26.9b | US$30.6b | US$1.4b | 9.2x | 19.3x | 0.9x |
| Wed, 02 Aug 2023 | US$27.7b | US$28.6b | -US$1,769,000,000.00 | n/a | -15.6x | 1x |
| Fri, 30 Jun 2023 | US$23.4b | US$28.6b | -US$1,769,000,000.00 | n/a | -13.2x | 0.8x |
| Sun, 28 May 2023 | US$22.4b | US$28.0b | -US$903,000,000.00 | n/a | -24.8x | 0.8x |
-24.8x
How does U.S. Independent Power Producers and Energy Traders compare with similar industries?
| US Market | -0.32% | |
| Utilities | -0.41% | |
| Renewable Energy | 0.32% | |
| Independent Power Producers and Energy Traders | 0.41% | |
| Renewable Energy | 0.17% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VST Vistra | US$144.00 | 1.0% +US$468.7m | -5.3% | PE23.7x | |
| AES AES | US$14.73 | 2.1% +US$213.9m | 45.4% | PE7.6x |