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

Industry Valuation and Performance

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, 18 Jun 2026	US$83.2b	US$35.6b	US$3.4b	26.1x	24.4x	2.3x
Sat, 16 May 2026	US$75.0b	US$35.6b	US$3.4b	23x	22x	2.1x
Mon, 13 Apr 2026	US$77.9b	US$33.1b	US$1.5b	17.1x	51.5x	2.4x
Wed, 11 Mar 2026	US$81.4b	US$33.1b	US$1.3b	42.2x	62.7x	2.5x
Fri, 06 Feb 2026	US$75.2b	US$32.1b	US$2.1b	50.5x	35.9x	2.3x
Sun, 04 Jan 2026	US$85.5b	US$32.1b	US$2.1b	58.3x	40.9x	2.7x
Tue, 02 Dec 2025	US$89.5b	US$32.1b	US$2.1b	61.3x	43x	2.8x
Thu, 30 Oct 2025	US$93.8b	US$33.1b	US$3.1b	30.8x	30.3x	2.8x
Sat, 27 Sep 2025	US$97.2b	US$33.1b	US$3.1b	32x	31.4x	2.9x
Mon, 25 Aug 2025	US$91.1b	US$33.1b	US$3.1b	29.4x	29.4x	2.8x
Wed, 23 Jul 2025	US$88.4b	US$32.7b	US$3.9b	25.1x	22.7x	2.7x
Fri, 20 Jun 2025	US$82.2b	US$32.3b	US$4.1b	23.2x	20x	2.5x
Sun, 18 May 2025	US$73.0b	US$32.3b	US$4.1b	19.6x	17.8x	2.3x
Tue, 15 Apr 2025	US$54.2b	US$31.6b	US$5.2b	9.1x	10.5x	1.7x
Thu, 13 Mar 2025	US$56.5b	US$31.6b	US$5.2b	13x	11x	1.8x
Sat, 08 Feb 2025	US$76.5b	US$30.6b	US$4.0b	17.8x	19.2x	2.5x
Mon, 06 Jan 2025	US$75.6b	US$30.6b	US$4.0b	17.3x	19x	2.5x
Wed, 04 Dec 2024	US$72.4b	US$30.6b	US$4.0b	18.7x	18.2x	2.4x
Fri, 01 Nov 2024	US$63.9b	US$28.6b	US$2.1b	13.3x	30.8x	2.2x
Sun, 29 Sep 2024	US$64.0b	US$28.6b	US$2.1b	16.2x	30.8x	2.2x
Tue, 27 Aug 2024	US$49.9b	US$28.6b	US$2.1b	12.9x	24x	1.7x
Thu, 25 Jul 2024	US$47.7b	US$28.1b	US$1.5b	21.1x	31.9x	1.7x
Sat, 22 Jun 2024	US$50.9b	US$28.1b	US$1.5b	21.9x	34.1x	1.8x
Mon, 20 May 2024	US$54.2b	US$28.1b	US$1.5b	22.9x	36.2x	1.9x
Wed, 17 Apr 2024	US$40.8b	US$29.9b	US$1.7b	29.2x	23.7x	1.4x
Fri, 15 Mar 2024	US$37.5b	US$28.2b	US$2.1b	16.2x	17.6x	1.3x
Sun, 11 Feb 2024	US$30.4b	US$29.1b	US$1.3b	11.8x	24.1x	1x
Tue, 09 Jan 2024	US$30.1b	US$29.1b	US$1.3b	10.9x	23.9x	1x
Thu, 07 Dec 2023	US$28.4b	US$29.1b	US$1.3b	10.1x	22.6x	1x
Sat, 04 Nov 2023	US$27.2b	US$30.4b	US$1.2b	9.9x	22.6x	0.9x
Mon, 02 Oct 2023	US$25.5b	US$30.6b	US$1.4b	9.9x	18.3x	0.8x
Wed, 30 Aug 2023	US$26.6b	US$30.6b	US$1.4b	9x	19.1x	0.9x
Fri, 28 Jul 2023	US$28.4b	US$28.6b	-US$1,769,000,000.00	n/a	-16x	1x
Sun, 25 Jun 2023	US$23.1b	US$28.6b	-US$1,769,000,000.00	n/a	-13x	0.8x

Current Industry PE

Investors are pessimistic on the American Independent Power Producers and Energy Traders 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 23.6x which is lower than its 3-year average PE of 26.5x.

The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.

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 7.6% 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	1.98%
Utilities	0.97%
Renewable Energy	8.48%
Independent Power Producers and Energy Traders	13.98%
Renewable Energy	-0.85%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
VST Vistra	US$158.83	14.6% +US$6.8b	-12.3%	PE26.1x
TLN Talen Energy	US$409.81	21.8% +US$3.3b	41.1%	PS5.7x
HNRG Hallador Energy	US$17.67	11.8% +US$87.7m	8.5%	PE36.9x

Company

Last Price

Valuation

VST Vistra

US$158.83

14.6%
+US$6.8b

-12.3%

PE26.1x

TLN Talen Energy

US$409.81

21.8%
+US$3.3b

41.1%

PS5.7x

HNRG Hallador Energy

US$17.67

11.8%
+US$87.7m

8.5%

PE36.9x

Talen Energy Corporation (NasdaqGS:TLN) completed the acquisition of High-Quality PJM Natural Gas Assets from Energy Capital Partners, LLC.

Talen Energy Corporation (NasdaqGS:TLN) entered into definitive agreement to acquire High-Quality PJM Natural Gas Assets from Energy Capital Partners, LLC for $3.5 billion on January 15, 2026. A cash consideration of $2.55 billion will be paid by Talen Energy Corporation, subject to customary adjustments for net working capital, cash, indebtedness, certain casualty losses and transaction expenses, and the stock component of consideration consists of 2.399998 million shares of Talen Energy Corporation having a value of $900 million to be issued for assets of High-Quality PJM Natural Gas Assets. As part of consideration, $3.45 billion is paid towards assets of High-Quality PJM Natural Gas Assets. Talen expects to issue new debt to fund the cash portion of the purchase price. The transaction is subject to the satisfaction of customary closing conditions, including the expiration or termination of the waiting period pursuant to the Hart-Scott-Rodino Act of 1976, and regulatory approvals from the Federal Energy Regulatory Commission, Indiana Utility Regulatory Commission and other regulatory agencies, and is expected to close early in the second half of 2026. As of April 16, 2026, Talen Energy Supply, LLC, a wholly owned subsidiary of Talen Energy Corporation has priced issuances of $1.5 billion in aggregate principal amount of 6.125% senior notes due 2031 and $2.5 billion in aggregate principal amount of 6.375% senior notes due 2033 in private placement transactions. As of June 1, 2026, Talen received clearance from the Federal Energy Regulatory Commission today and from the Indiana Utility Regulatory Commission on May 27, 2026. The waiting period pursuant to the Hart-Scott-Rodino Act of 1976 expired in March 2026.The Company intends to use the net proceeds from the issuance and sale of the Notes to fund the acquisition. The transaction is expected to be immediately accretive to adjusted free cash flow per share by over 15 % annually through 2030E. RBC Capital Markets, LLC acted as financial advisor for Talen Energy Corporation. Kirkland & Ellis LLP acted as legal advisor for Talen Energy Corporation. White & Case LLP acted as legal advisor for Talen Energy Corporation. Jefferies LLC acted as financial advisor for Energy Capital Partners, LLC. PEI Global Partners LLC acted as financial advisor for Energy Capital Partners, LLC. John Franchini, Aaron Stine, and Evelyn Liristis of Milbank LLP acted as legal advisor for Energy Capital Partners, LLC. Talen Energy Corporation (NasdaqGS:TLN) completed the acquisition of High-Quality PJM Natural Gas Assets from Energy Capital Partners, LLC on June 15, 2026. The Acquisition follows the completion of customary closing conditions and receipt of all required regulatory approvals and clearances from the FERC, the Indiana Utility Regulatory Commission, the Federal Trade Commission and the U.S. Department of Justice, and other regulatory agencies.

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

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Talen Energy Corporation (NasdaqGS:TLN) completed the acquisition of High-Quality PJM Natural Gas Assets from Energy Capital Partners, LLC.

Upcoming dividend of US$0.23 per share

Hallador Energy Company Announces Appointment of Matthew Bradford as Chief Legal Officer, Effective June 8, 2026

AES: Neutral Reset Before Q1 And Project Updates Will Shape Returns