The Returns At ReNew Energy Global (NASDAQ:RNW) Aren't Growing
May 27
U.S. Renewable Energy Industry Analysis
UpdatedMay 31, 2023
DataAggregated Company Financials
Companies35
- 7D-0.7%
- 3M-6.1%
- 1Y-19.3%
- YTD-9.0%
The Renewable Energy is pretty flat in the last 7 days, but Sunnova Energy International has stood out, gaining 8.9%. Unfortunately though, the industry is down 19% over the past 12 months. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the U.S. Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Jun 2023 | US$25.6b | US$6.5b | US$548.4m | 30.7x | 46.8x | 3.9x |
| Sat, 29 Apr 2023 | US$25.7b | US$6.4b | US$590.1m | 16x | 43.6x | 4x |
| Mon, 27 Mar 2023 | US$25.5b | US$6.3b | US$770.2m | 21.1x | 33.1x | 4x |
| Wed, 22 Feb 2023 | US$28.0b | US$6.2b | US$747.6m | 26.4x | 37.4x | 4.5x |
| Fri, 20 Jan 2023 | US$30.0b | US$6.2b | US$672.4m | 29.9x | 44.6x | 4.8x |
| Sun, 18 Dec 2022 | US$29.3b | US$6.6b | -US$3,592,484,940.00 | 30.1x | -8.1x | 4.4x |
| Tue, 15 Nov 2022 | US$31.8b | US$6.2b | US$705.2m | 14.4x | 45.1x | 5.2x |
| Thu, 13 Oct 2022 | US$28.4b | US$6.0b | US$668.3m | 16.3x | 42.4x | 4.7x |
| Sat, 10 Sep 2022 | US$36.0b | US$6.1b | US$659.2m | 19.4x | 54.6x | 5.9x |
| Mon, 08 Aug 2022 | US$27.0b | US$4.7b | US$77.6m | 20.4x | 348.4x | 5.8x |
| Wed, 06 Jul 2022 | US$24.2b | US$4.5b | -US$242,698,336.00 | 65.7x | -99.8x | 5.4x |
| Fri, 03 Jun 2022 | US$26.2b | US$4.5b | -US$247,337,105.00 | 71.8x | -105.9x | 5.9x |
| Sun, 01 May 2022 | US$24.0b | US$4.5b | -US$324,325,952.00 | 70.9x | -73.9x | 5.4x |
| Tue, 29 Mar 2022 | US$27.5b | US$4.4b | -US$259,037,750.00 | 94.5x | -106.1x | 6.3x |
| Thu, 24 Feb 2022 | US$23.6b | US$4.3b | -US$369,743,323.00 | 55.2x | -63.7x | 5.5x |
| Sat, 22 Jan 2022 | US$23.9b | US$4.3b | -US$300,062,992.00 | 64.3x | -79.8x | 5.6x |
| Mon, 20 Dec 2021 | US$28.3b | US$4.3b | -US$322,076,920.00 | 67.1x | -87.8x | 6.7x |
| Wed, 17 Nov 2021 | US$29.2b | US$4.1b | -US$197,080,617.00 | 50.7x | -148.3x | 7.1x |
| Fri, 15 Oct 2021 | US$23.4b | US$3.4b | US$12.3m | 61.6x | 1905.6x | 6.9x |
| Sun, 12 Sep 2021 | US$22.9b | US$3.4b | -US$43,024,348.67 | 21.7x | -531.3x | 6.7x |
| Tue, 10 Aug 2021 | US$21.6b | US$3.4b | -US$10,186,490.67 | 58.5x | -2119.6x | 6.3x |
| Mon, 03 May 2021 | US$21.2b | US$3.3b | US$151.1m | 54.3x | 140.1x | 6.5x |
| Thu, 04 Feb 2021 | US$25.5b | US$3.2b | -US$266,511,096.46 | 74.6x | -95.7x | 8x |
| Sun, 08 Nov 2020 | US$15.5b | US$3.1b | -US$170,460,683.02 | 42.6x | -90.7x | 5.1x |
| Sat, 01 Aug 2020 | US$18.1b | US$4.0b | -US$511,293,845.61 | 26.4x | -35.4x | 4.5x |
Price to Earnings Ratio
-27.1x
Current Industry PE
- Investors are optimistic on the American Renewable Electricity industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.8x which is higher than its 3-year average PE of -94.8x.
- The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 18% 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. Renewable Energy compare with similar industries?
| US Market | 1.05% | |
| Utilities | -0.86% | |
| Renewable Energy | -1.42% | |
| Renewable Energy | -0.69% | |
| Independent Power Producers and Energy Traders | -2.24% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NOVA Sunnova Energy International | US$17.66 | 9.4% +US$176.8m | -10.2% | PS3.1x | |
| MNTK Montauk Renewables | US$6.94 | 3.1% +US$29.7m | -51.7% | PE30.2x | |
| ELLO Ellomay Capital | US$16.80 | 13.5% +US$25.7m | -30.8% | PS3.8x | |
| WAVE Eco Wave Power Global | US$3.07 | 5.6% +US$902.9k | -20.0% | PS655.8x | |
| AZRE Azure Power Global | US$2.49 | 0.4% +US$641.6k | -82.2% | PS0.8x |
