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

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies7
  • 7D-3.0%
  • 3M-5.5%
  • 1Y-23.0%
  • YTDn/a

Over the last 7 days, the Independent Power Producers and Energy Traders industry has dropped 3.0%, driven by a pullback from Vistra of 4.9%. Overall the industry is down 23% in 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

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
Fri, 07 Aug 2026US$74.9bUS$36.4bUS$3.7b23.3x20.4x2.1x
Sun, 05 Jul 2026US$78.7bUS$35.6bUS$3.4b24.9x23x2.2x
Tue, 02 Jun 2026US$83.0bUS$35.6bUS$3.4b26.4x24.3x2.3x
Thu, 30 Apr 2026US$81.6bUS$33.1bUS$1.5b17.1x54.5x2.5x
Sat, 28 Mar 2026US$77.1bUS$33.1bUS$1.5b19.7x50.9x2.3x
Mon, 23 Feb 2026US$88.2bUS$32.1bUS$2.1b60.5x42.2x2.7x
Wed, 21 Jan 2026US$84.5bUS$32.1bUS$2.1b55.3x40.4x2.6x
Fri, 19 Dec 2025US$80.6bUS$32.1bUS$2.1b58.6x38.7x2.5x
Sun, 16 Nov 2025US$86.4bUS$32.1bUS$2.1b61.7x41.5x2.7x
Tue, 14 Oct 2025US$96.5bUS$33.1bUS$3.1b32.3x31.1x2.9x
Thu, 11 Sep 2025US$93.3bUS$33.1bUS$3.1b32.3x30.1x2.8x
Sat, 09 Aug 2025US$96.9bUS$33.1bUS$3.1b31.2x31.5x2.9x
Mon, 07 Jul 2025US$87.2bUS$32.7bUS$3.9b22.9x22.4x2.7x
Wed, 04 Jun 2025US$75.4bUS$32.3bUS$4.1b20.4x18.4x2.3x
Fri, 02 May 2025US$61.2bUS$31.6bUS$5.2b10.2x11.9x1.9x
Sun, 30 Mar 2025US$58.3bUS$31.6bUS$5.2b12.7x11.3x1.8x
Tue, 25 Feb 2025US$68.8bUS$30.6bUS$4.0b17.3x17.3x2.2x
Thu, 23 Jan 2025US$82.6bUS$30.6bUS$4.0b15.1x20.8x2.7x
Sat, 21 Dec 2024US$65.5bUS$30.6bUS$4.0b15.6x16.5x2.1x
Mon, 18 Nov 2024US$68.5bUS$30.6bUS$3.5b21.3x19.6x2.2x
Wed, 16 Oct 2024US$64.7bUS$28.6bUS$2.1b13.5x31.2x2.3x
Fri, 13 Sep 2024US$48.0bUS$28.6bUS$2.1b15.3x23.1x1.7x
Sun, 11 Aug 2024US$46.1bUS$28.6bUS$1.6b17.4x28.7x1.6x
Tue, 09 Jul 2024US$50.6bUS$28.1bUS$1.5b21.4x33.9x1.8x
Thu, 06 Jun 2024US$52.1bUS$28.1bUS$1.5b23x34.8x1.9x
Sat, 04 May 2024US$47.3bUS$29.7bUS$2.0b23.3x23.6x1.6x
Mon, 01 Apr 2024US$42.6bUS$29.9bUS$1.7b29.7x24.8x1.4x
Wed, 28 Feb 2024US$32.6bUS$29.0bUS$2.1b13.5x15.8x1.1x
Fri, 26 Jan 2024US$29.0bUS$29.1bUS$1.3b11.3x23x1x
Sun, 24 Dec 2023US$30.1bUS$29.1bUS$1.3b10.6x23.9x1x
Tue, 21 Nov 2023US$27.1bUS$29.1bUS$1.3b9.7x21.5x0.9x
Thu, 19 Oct 2023US$24.3bUS$30.6bUS$1.4b9.7x17.4x0.8x
Sat, 16 Sep 2023US$26.8bUS$30.6bUS$1.4b10.2x19.2x0.9x
Mon, 14 Aug 2023US$27.3bUS$30.1bUS$212.0m7.7x128.8x0.9x
Price to Earnings Ratio

128.8x


Total Market Cap: US$27.3bTotal Earnings: US$212.0mTotal Revenue: US$30.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Independent Power Producers and Energy Traders Industry Price to Earnings3Y Average 28.3x202420252026
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 20.4x which is lower than its 3-year average PE of 28.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 159% per year over the last three years.
  • Revenues for these companies have grown 6.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market3.47%
Utilities-2.60%
Renewable Energy-1.09%
Independent Power Producers and Energy Traders-2.95%
Renewable Energy3.16%
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
TLN Talen EnergyUS$338.311.7%
+US$278.3m		-9.9%PS4.7x
HNRG Hallador EnergyUS$14.821.4%
+US$9.9m		-25.8%PE30.9x

Latest News

TLN
US$338.31
Talen Energy
7D
1.7%
1Y
-9.9%
Seeking Alpha • 14h

Talen Energy: The PPL Basis Discount Is The Dark Horse For FCF Growth

Summary Talen Energy Corporation is rated Buy with a $575/share 2028 price target, driven by strong capacity auction results and robust FCF projections. TLN benefits from multi-year visibility into rising contracted revenues, with capacity prices at PJM’s cap and 20% further upside expected in 2H-2026. Transmission upgrades and in-zone demand growth could narrow the $20/MW-hr PPL basis, potentially boosting FCF yield to 17% or higher by 2028. TLN's strategic shift toward long-term PPAs aims to sustain margins as auction-driven capacity revenues face long-term competition risk. Read the full article on Seeking Alpha
AES
US$14.70
AES
7D
-1.0%
1Y
14.4%
VST
US$141.38
Vistra
7D
-4.9%
1Y
-31.2%
Narrative Update • Aug 05

VST: Data Center Power Demand Will Test PJM Capacity And Earnings Balance

Analysts lifted the fair value estimate for Vistra from $130.74 to $134.15, reflecting updated price targets that factor in views on the Helix data center partnership, long term contract visibility, power demand linked to AI, and recent adjustments across North American utilities coverage. Analyst Commentary Recent research on Vistra points to a mixed tone, with some firms lifting price targets and others trimming them.
FISN
US$9.22
Deep Fission
7D
-4.2%
1Y
n/a
HNRG
US$14.82
Hallador Energy
7D
1.4%
1Y
-25.8%