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U.S. Renewable Energy Industry Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies30
  • 7D-1.9%
  • 3M12.2%
  • 1Y-27.5%
  • YTDn/a

Over the last 7 days, the Renewable Energy industry has dropped 1.9%, driven by Clearway Energy declining 1.3%. In contrast, Altus Power has gained 9.3%. The industry has fallen 28% in the last year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Jun 2024US$19.9bUS$6.8b-US$304,833,113.2336.9x-65.1x2.9x
Tue, 14 May 2024US$19.5bUS$6.9b-US$323,204,304.5341.4x-60.4x2.8x
Thu, 11 Apr 2024US$18.4bUS$6.8b-US$470,217,740.4642.2x-39x2.7x
Sat, 09 Mar 2024US$18.6bUS$6.6b-US$393,088,483.1933.4x-47.3x2.8x
Mon, 05 Feb 2024US$19.7bUS$6.8bUS$99.6m40.8x197.3x2.9x
Wed, 03 Jan 2024US$23.4bUS$6.8bUS$107.3m46.3x217.8x3.4x
Fri, 01 Dec 2023US$20.4bUS$6.8bUS$98.9m41.1x206.5x3x
Sun, 29 Oct 2023US$18.6bUS$6.6b-US$82,559,851.0035.1x-225.6x2.8x
Tue, 26 Sep 2023US$22.5bUS$6.5b-US$70,866,400.0040.5x-317.5x3.5x
Thu, 24 Aug 2023US$23.0bUS$6.5b-US$69,407,644.0042.6x-331.4x3.5x
Sat, 22 Jul 2023US$26.3bUS$6.4bUS$633.0m34.4x41.5x4.1x
Mon, 19 Jun 2023US$26.3bUS$6.6bUS$590.0m30.7x44.6x4x
Wed, 17 May 2023US$25.8bUS$6.5bUS$547.3m26.6x47.1x3.9x
Fri, 14 Apr 2023US$26.9bUS$6.3bUS$789.8m14.3x34.1x4.3x
Sun, 12 Mar 2023US$25.9bUS$6.3bUS$769.3m24.5x33.7x4.1x
Tue, 07 Feb 2023US$29.6bUS$6.2bUS$718.7m28.9x41.2x4.8x
Thu, 05 Jan 2023US$28.6bUS$6.2bUS$675.7m28.7x42.4x4.6x
Sat, 03 Dec 2022US$31.0bUS$6.6b-US$3,595,017,647.0030.5x-8.6x4.7x
Mon, 31 Oct 2022US$30.5bUS$6.2bUS$695.2m15.8x43.9x5x
Wed, 28 Sep 2022US$31.9bUS$6.0bUS$667.0m20.3x47.8x5.3x
Fri, 26 Aug 2022US$29.0bUS$4.8bUS$109.3m19.2x265.2x6x
Sun, 24 Jul 2022US$23.9bUS$4.6bUS$52.1m17.8x459.3x5.2x
Tue, 21 Jun 2022US$25.1bUS$4.5b-US$246,480,300.0063.3x-101.8x5.6x
Thu, 19 May 2022US$23.5bUS$4.5b-US$243,667,850.0065.2x-96.5x5.3x
Sat, 16 Apr 2022US$25.5bUS$4.4b-US$266,695,758.0078.2x-95.6x5.8x
Mon, 14 Mar 2022US$27.1bUS$4.3b-US$290,146,641.0070.9x-93.4x6.2x
Wed, 09 Feb 2022US$24.0bUS$4.3b-US$371,872,731.0059.6x-64.5x5.6x
Fri, 07 Jan 2022US$28.2bUS$4.3b-US$295,563,304.0067.2x-95.4x6.6x
Sun, 05 Dec 2021US$27.1bUS$4.2b-US$305,447,810.0067.9x-88.8x6.5x
Tue, 02 Nov 2021US$29.2bUS$4.1b-US$94,793,390.0064.7x-308.3x7.2x
Thu, 30 Sep 2021US$21.7bUS$3.4bUS$13.4m58.5x1617.6x6.4x
Sat, 28 Aug 2021US$21.0bUS$3.4b-US$10,186,490.6760.5x-2062.4x6.2x
Sun, 04 Jul 2021US$21.2bUS$3.4b-US$10,186,490.6760.2x-2077.3x6.2x
Price to Earnings Ratio

-2077.3x


Total Market Cap: US$21.2bTotal Earnings: -US$10,186,490.67Total Revenue: US$3.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average -95.7x202220232024
Current Industry PE
  • Investors are pessimistic on the American Renewable Electricity industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 4.7x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Renewable Electricity industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 26% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Comparison

How does U.S. Renewable Energy compare with similar industries?

US Market1.21%
Utilities-0.20%
Renewable Energy0.60%
Renewable Energy-1.90%
Independent Power Producers and Energy Traders1.59%
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
AMPS Altus PowerUS$4.359.3%
+US$59.2m
-17.6%PS4.2x
RNW ReNew Energy GlobalUS$6.362.6%
+US$55.2m
7.6%PE44.2x
NOVA Sunnova Energy InternationalUS$5.338.8%
+US$53.3m
-71.6%PS0.9x
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Latest News

ELLO

US$13.49

Ellomay Capital

7D

-1.5%

1Y

-24.3%

NOVA

US$5.33

Sunnova Energy International

7D

8.8%

1Y

-71.6%

AMPS

US$4.35

Altus Power

7D

9.3%

1Y

-17.6%

RNW

US$6.36

ReNew Energy Global

7D

2.6%

1Y

7.6%

VVPR

US$1.80

VivoPower International

7D

-15.9%

1Y

-75.3%

ORA

US$73.90

Ormat Technologies

7D

-0.07%

1Y

-13.5%

WAVE

US$3.36

Eco Wave Power Global

7D

-5.1%

1Y

32.3%

CWEN.A

US$24.25

Clearway Energy

7D

-1.3%

1Y

-15.7%

MNTK

US$5.08

Montauk Renewables

7D

-3.1%

1Y

-27.8%

SPRU

US$3.29

Spruce Power Holding

7D

-11.8%

1Y

-49.5%