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U.S. Renewable Energy Industry Analysis

UpdatedAug 24, 2026
DataAggregated Company Financials
Companies37
  • 7D-6.8%
  • 3M-17.3%
  • 1Y-15.2%
  • YTD-17.4%

Over the last 7 days, the Renewable Energy industry has dropped 6.8%, driven by Vistra declining 6.8%. Overall the industry is down 15% in 12 months. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the U.S. Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026US$106.8bUS$46.3b-US$114,255,654.5622.6x-934.6x2.3x
Wed, 22 Jul 2026US$119.3bUS$45.1b-US$1,015,493,010.8626.7x-117.5x2.6x
Fri, 19 Jun 2026US$127.1bUS$45.2b-US$908,832,777.9126.9x-139.9x2.8x
Sun, 17 May 2026US$117.3bUS$45.1b-US$871,907,327.7623x-134.5x2.6x
Tue, 14 Apr 2026US$111.7bUS$42.4b-US$478,689,088.4352.5x-233.4x2.6x
Thu, 12 Mar 2026US$114.1bUS$42.4b-US$708,262,560.4853.2x-161.1x2.7x
Sat, 07 Feb 2026US$108.0bUS$41.3bUS$32.3m52.8x3343.3x2.6x
Mon, 05 Jan 2026US$117.0bUS$41.4bUS$1.5b51.8x78x2.8x
Wed, 03 Dec 2025US$118.2bUS$41.4bUS$1.5b50.4x79.4x2.9x
Fri, 31 Oct 2025US$128.9bUS$43.2bUS$1.4b46.2x91.3x3x
Sun, 28 Sep 2025US$127.2bUS$43.2bUS$1.4b43x89.4x2.9x
Tue, 26 Aug 2025US$118.7bUS$43.3bUS$1.4b42.3x83.4x2.7x
Thu, 24 Jul 2025US$118.0bUS$42.7bUS$3.2b38.2x37x2.8x
Sat, 21 Jun 2025US$109.2bUS$42.3bUS$3.4b32.8x32.2x2.6x
Mon, 19 May 2025US$98.4bUS$42.2bUS$3.4b29.9x29.3x2.3x
Wed, 16 Apr 2025US$79.3bUS$42.2bUS$5.0b31.9x16x1.9x
Fri, 14 Mar 2025US$83.9bUS$42.2bUS$5.0b21.2x16.8x2x
Sun, 09 Feb 2025US$94.2bUS$41.1bUS$3.8b22.8x24.6x2.3x
Tue, 07 Jan 2025US$107.4bUS$41.3bUS$2.2b23.8x49.5x2.6x
Thu, 05 Dec 2024US$91.9bUS$37.7bUS$3.6b25.2x25.3x2.4x
Sat, 02 Nov 2024US$83.5bUS$35.5bUS$2.0b24x41.1x2.3x
Mon, 30 Sep 2024US$85.7bUS$35.5bUS$1.8b29.4x46.5x2.4x
Wed, 28 Aug 2024US$70.4bUS$35.5bUS$1.8b27.5x38.2x2x
Fri, 26 Jul 2024US$64.4bUS$34.9bUS$1.2b35.2x51.8x1.8x
Sun, 23 Jun 2024US$69.8bUS$34.9bUS$1.2b35.5x58.6x2x
Tue, 21 May 2024US$73.9bUS$34.9bUS$1.2b33.6x62.3x2.1x
Thu, 18 Apr 2024US$57.6bUS$36.7bUS$1.2b37.1x46.1x1.6x
Sat, 16 Mar 2024US$55.1bUS$36.5bUS$1.7b30.2x32.2x1.5x
Mon, 12 Feb 2024US$49.8bUS$35.9bUS$1.4b21.5x36.6x1.4x
Wed, 10 Jan 2024US$52.9bUS$35.9bUS$1.4b23x38.6x1.5x
Fri, 08 Dec 2023US$49.3bUS$35.9bUS$1.4b24.4x36.3x1.4x
Sun, 05 Nov 2023US$47.2bUS$37.0bUS$1.1b22x43.1x1.3x
Tue, 03 Oct 2023US$45.1bUS$37.1bUS$1.3b26.5x33.8x1.2x
Thu, 31 Aug 2023US$50.5bUS$37.1bUS$1.3b32.8x38.1x1.4x
Price to Earnings Ratio

38.1x


Total Market Cap: US$50.5bTotal Earnings: US$1.3bTotal Revenue: US$37.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 34.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 7.6% 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 decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market-1.19%
Utilities-3.24%
Renewable Energy-6.78%
Renewable Energy-4.75%
Independent Power Producers and Energy Traders-7.71%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry even though it's trading below its 3-year average PE ratio of 27.2x.
    • Analysts are expecting annual earnings growth of 17.1%, which is lower than the prior year's growth of 50.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FISN Deep FissionUS$8.251.6%
+US$7.7m		n/aPB4.9x
AES AESUS$14.770.07%
+US$7.1m		9.5%PE5.5x
ELLO Ellomay CapitalUS$20.180.8%
+US$2.3m		15.6%PS5.4x
MNTK Montauk RenewablesUS$1.880.5%
+US$1.4m		-13.4%PE34x
SPRU Spruce Power HoldingUS$1.952.6%
+US$962.6k		34.5%PS0.3x

Latest News

BEPC
US$33.25
Brookfield Renewable
7D
-5.3%
1Y
-0.8%
ORA
US$108.38
Ormat Technologies
7D
-4.9%
1Y
17.0%
VST
US$136.21
Vistra
7D
-6.8%
1Y
-28.3%
Narrative Update • Aug 20

VST: AI Data Center Power Deals Will Drive Future Nuclear Upside

Analysts have trimmed their average price target for Vistra as fair value estimates eased to about $308 from roughly $314, reflecting slightly higher discount rates, a more cautious profit margin outlook, and ongoing debate around data center related demand and regulatory timing. Analyst Commentary Recent research highlights a mix of caution and optimism around Vistra, with most Street commentary focusing on data center demand, ERCOT related reviews, and the earnings path over the next few years.
TLN
US$314.46
Talen Energy
7D
-11.9%
1Y
-11.6%
Narrative Update • Aug 19

TLN: PJM Tightness And Data Center Contracts Will Support Future Earnings Power

The analyst fair value estimate for Talen Energy has been revised modestly lower from $589.15 to $567.00 as analysts factor in higher perceived risk around data center buildouts and regulatory directives, partly offset by stronger margin assumptions and contracted cash flow support. Analyst Commentary Recent Street research on Talen Energy shows a mixed but generally constructive tone, with several bullish analysts still highlighting growth projects, contracted cash flows and market exposure, even as some price targets are revised lower to reflect project and regulatory risks.
CWEN
US$32.56
Clearway Energy
7D
-4.7%
1Y
9.4%
ELLO
US$20.18
Ellomay Capital
7D
0.8%
1Y
15.6%
AES
US$14.77
AES
7D
0.07%
1Y
9.5%
Seeking Alpha • Aug 19

AES Corporation: Spread Plus Dividend Still Pays 10.7% Annualized

Summary The AES Corporation trades at $14.75 against a signed $15.00 cash offer from a consortium led by GIP, which is part of BlackRock, and the Swedish firm EQT. Shareholders approved the deal in June, and antitrust is cleared. FERC is the last contested approval, and I don’t expect it to change the outcome. Holding to a mid-December close returns 3.5%, or 10.7% annualized, with the spread and dividends both fixed. A later close pays more in total but less annualized. AES is now more like a short-duration cash equivalent than a utility position. Current holders don’t have to wait for the close to capture most of the remaining gain. Read the full article on Seeking Alpha
SPRU
US$1.95
Spruce Power Holding
7D
2.6%
1Y
34.5%
FRVO
US$16.92
Fervo Energy
7D
-6.5%
1Y
n/a
WAVE
US$7.00
Eco Wave Power Global
7D
0.4%
1Y
-0.2%
HNRG
US$15.38
Hallador Energy
7D
-5.0%
1Y
-5.4%
FISN
US$8.25
Deep Fission
7D
1.6%
1Y
n/a
MNTK
US$1.88
Montauk Renewables
7D
0.5%
1Y
-13.4%
VIVO
US$4.36
VivoPower
7D
-11.0%
1Y
-23.9%