U.S. Renewable Energy Industry Analysis

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, 21 May 2026	US$115.2b	US$45.1b	-US$889,933,262.11	22.2x	-129.5x	2.6x
Sat, 18 Apr 2026	US$117.4b	US$42.4b	-US$477,711,580.67	37.3x	-245.7x	2.8x
Mon, 16 Mar 2026	US$110.8b	US$42.4b	-US$482,775,190.49	54.2x	-229.6x	2.6x
Wed, 11 Feb 2026	US$114.2b	US$41.2b	US$162.3m	56.4x	703.7x	2.8x
Fri, 09 Jan 2026	US$111.3b	US$41.4b	US$1.5b	52x	74.2x	2.7x
Sun, 07 Dec 2025	US$115.3b	US$41.4b	US$1.5b	51.3x	77.5x	2.8x
Tue, 04 Nov 2025	US$125.0b	US$43.2b	US$1.4b	47.5x	89.5x	2.9x
Thu, 02 Oct 2025	US$124.6b	US$43.2b	US$1.4b	43.7x	88.3x	2.9x
Sat, 30 Aug 2025	US$122.6b	US$43.2b	US$1.4b	43.1x	86.2x	2.8x
Mon, 28 Jul 2025	US$120.2b	US$42.7b	US$3.2b	37.1x	37.6x	2.8x
Wed, 25 Jun 2025	US$111.4b	US$42.3b	US$3.4b	33.1x	32.9x	2.6x
Fri, 23 May 2025	US$94.4b	US$42.2b	US$3.4b	28.9x	28.1x	2.2x
Sun, 20 Apr 2025	US$79.6b	US$42.0b	US$5.0b	29.9x	16.1x	1.9x
Tue, 18 Mar 2025	US$85.0b	US$42.2b	US$5.0b	23.2x	17.1x	2x
Thu, 13 Feb 2025	US$93.9b	US$41.2b	US$3.8b	22.9x	24.5x	2.3x
Sat, 11 Jan 2025	US$94.6b	US$41.3b	US$2.2b	19.7x	43.6x	2.3x
Mon, 09 Dec 2024	US$94.0b	US$37.7b	US$3.6b	23.1x	25.9x	2.5x
Wed, 06 Nov 2024	US$79.1b	US$35.5b	US$2.0b	25.6x	38.9x	2.2x
Fri, 04 Oct 2024	US$87.1b	US$35.5b	US$1.8b	28x	47.2x	2.4x
Sun, 01 Sep 2024	US$69.9b	US$35.5b	US$1.8b	27.8x	37.9x	2x
Tue, 30 Jul 2024	US$63.8b	US$34.9b	US$1.2b	35.7x	51.2x	1.8x
Thu, 27 Jun 2024	US$71.1b	US$34.9b	US$1.2b	34.6x	59.7x	2x
Sat, 25 May 2024	US$74.1b	US$34.9b	US$1.2b	35.7x	62.4x	2.1x
Mon, 22 Apr 2024	US$57.1b	US$36.7b	US$1.2b	36.9x	45.7x	1.6x
Wed, 20 Mar 2024	US$55.5b	US$36.5b	US$1.2b	34.7x	45.1x	1.5x
Fri, 16 Feb 2024	US$50.2b	US$35.9b	US$1.4b	22.1x	36.9x	1.4x
Sun, 14 Jan 2024	US$51.7b	US$35.9b	US$1.4b	22.1x	37.8x	1.4x
Tue, 12 Dec 2023	US$49.5b	US$35.9b	US$1.4b	26.1x	36.4x	1.4x
Thu, 09 Nov 2023	US$46.2b	US$36.0b	US$929.1m	22.9x	49.7x	1.3x
Sat, 07 Oct 2023	US$41.1b	US$37.1b	US$1.3b	27.9x	30.8x	1.1x
Mon, 04 Sep 2023	US$50.2b	US$37.1b	US$1.3b	32x	37.8x	1.4x
Wed, 02 Aug 2023	US$52.4b	US$35.0b	-US$1,351,528,925.00	35.6x	-38.8x	1.5x
Fri, 30 Jun 2023	US$48.3b	US$35.2b	-US$1,179,722,920.00	32.4x	-40.9x	1.4x
Sun, 28 May 2023	US$47.7b	US$34.6b	-US$354,775,759.00	29.2x	-134.4x	1.4x

Current Industry PE

Investors are optimistic on the American Renewable Energy industry, and appear confident in long term growth rates.

The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have deteriorated over the last three years.
Meanwhile revenues for these companies have grown 9.3% 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 Trends

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


US Market	-1.01%
Utilities	-2.28%
Renewable Energy	-6.61%
Renewable Energy	-1.31%
Independent Power Producers and Energy Traders	-8.79%

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 25.2x.

Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings decline of 1.3% per year.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 49% over the next 5 years.
This is better than its past earnings decline of 34% per year.

In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation
VST Vistra	US$144.00	1.0% +US$468.7m	-5.3%	PE23.7x
FRVO Fervo Energy	US$38.01	4.0% +US$416.8m	n/a	PS78102.9x
AES AES	US$14.73	2.1% +US$213.9m	45.4%	PE7.6x
RNW ReNew Energy Global	US$5.55	2.0% +US$40.1m	-19.2%	PE18.8x
WAVE Eco Wave Power Global	US$9.25	8.4% +US$4.2m	54.2%	PS1421.5x

Labaton Keller Sucharow LLP Announces Proposed Settlement of Stockholder Class Action Involving Terraform Power, Inc

Labaton Keller Sucharow LLP announced a proposed settlement of a stockholder class action involving TerraForm Power Inc. The action, titled "IN RE TERRAFORM POWER, INC. MERGER STOCKHOLDERS LITIGATION C.A. No. 2022-0097-KSJM," is pending in the Court of Chancery of the State of Delaware. Plaintiffs City of Dearborn Police and Fire Revised Retirement System (Chapter 23), Rosson Trust U/A 4/23/92, and Noah Wright, individually and on behalf of the Class, have reached a proposed settlement with Defendants Brookfield, Brookfield Infrastructure Fund III GP LLC, Orion US GP LLC, Orion US Holdings 1 LP, Harry Goldgut, Brian Lawson, Richard Legault, Sachin Shah, John Stinebaugh, BEP, and BEPC for $83,750,000 in cash. The terms of the Settlement are stated in the Stipulation and Agreement of Settlement, Compromise, and Release between Plaintiffs and Defendants, dated March 6, 2026. If approved by the Court, the Settlement will resolve all claims in the Action against Defendants, and the Action will be dismissed with prejudice. A hearing (the "Settlement Hearing") will be held on June 22, 2026 at 1:30 p.m., before The Honorable Kathaleen St. J. McCormick, Chancellor, to determine, among other things, whether the proposed Settlement should be approved as fair, reasonable, and adequate to the Class and in the best interests of the Class, and whether the Action should be dismissed with prejudice and the Releases provided under the Stipulation should be granted. If the Settlement is approved by the Court and the Effective Date occurs, the Net Settlement Fund will be distributed on a pro rata basis to "Eligible Class Members" in accordance with the proposed Plan of Allocation stated in the Notice or such other plan of allocation as is approved by the Court. Under the proposed Plan of Allocation, "Eligible Class Members" consist of all Class Members who held or beneficially owned shares of TERP Class A common stock at the Closing on July 31, 2020 and therefore received, or were entitled to receive, the Merger Consideration for their "Eligible Shares." Each Eligible Class Member will be eligible to receive a pro rata payment from the Net Settlement Fund equal to the product of the number of Eligible Shares held by the Eligible Class Member and the "Per-Share Recovery" for the Settlement, which will be determined by dividing the total amount of the Net Settlement Fund by the total number of Eligible Shares. Payments from the Net Settlement Fund to Eligible Class Members will be made in the same manner in which Eligible Class Members received the Merger Consideration. Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.

U.S. Renewable Energy Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

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First quarter 2026 earnings released: US$0.16 loss per share (vs US$0.84 loss in 1Q 2025)

Fervo Energy: Energized From The Ground

AES Focuses on Renewables Growth With 12 GW Backlog and Reaffirms 2025 Financial Targets

Labaton Keller Sucharow LLP Announces Proposed Settlement of Stockholder Class Action Involving Terraform Power, Inc

New minor risk - Share price stability

Ellomay Capital Ltd. announced delayed 20-F filing