Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Renewable Energy Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies36
  • 7D2.8%
  • 3M4.2%
  • 1Y23.4%
  • YTD4.2%

Over the last 7 days, the Renewable Energy industry has risen 2.8%, driven by gains from Vistra of 5.8%. In the last 12 months, the industry was up 23%. Earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026US$121.7bUS$41.3bUS$202.4m57.8x600.9x2.9x
Sun, 18 Jan 2026US$116.2bUS$41.4bUS$1.5b53.8x77.5x2.8x
Tue, 16 Dec 2025US$115.8bUS$41.4bUS$1.5b51.7x77.9x2.8x
Thu, 13 Nov 2025US$122.1bUS$42.3bUS$1.1b39.3x114.7x2.9x
Sat, 11 Oct 2025US$131.9bUS$43.2bUS$1.4b45.5x93.5x3.1x
Mon, 08 Sep 2025US$119.3bUS$43.2bUS$1.4b42.1x83.9x2.8x
Wed, 06 Aug 2025US$129.0bUS$42.6bUS$1.7b37.3x74.5x3x
Fri, 04 Jul 2025US$115.3bUS$42.7bUS$3.2b38.5x36.1x2.7x
Sun, 01 Jun 2025US$95.1bUS$42.2bUS$3.4b29.8x28.3x2.3x
Tue, 29 Apr 2025US$83.9bUS$42.0bUS$5.0b32.8x16.9x2x
Thu, 27 Mar 2025US$89.1bUS$42.2bUS$4.9b30.4x18x2.1x
Sat, 22 Feb 2025US$88.3bUS$41.2bUS$3.8b23.5x23.1x2.1x
Mon, 20 Jan 2025US$97.1bUS$41.3bUS$2.2b19.7x44.6x2.4x
Wed, 18 Dec 2024US$85.6bUS$36.6bUS$3.6b23.6x23.8x2.3x
Fri, 15 Nov 2024US$87.0bUS$37.8bUS$3.4b21.6x25.5x2.3x
Sun, 13 Oct 2024US$83.7bUS$35.5bUS$1.8b27.2x45.4x2.4x
Tue, 10 Sep 2024US$64.2bUS$35.5bUS$1.8b26.4x34.8x1.8x
Thu, 08 Aug 2024US$65.0bUS$34.9bUS$1.5b33.8x42.9x1.9x
Sat, 06 Jul 2024US$70.3bUS$34.9bUS$1.2b33.2x58.7x2x
Mon, 03 Jun 2024US$76.8bUS$34.9bUS$1.2b37x64.7x2.2x
Wed, 01 May 2024US$62.5bUS$36.7bUS$1.4b38.3x45.8x1.7x
Fri, 29 Mar 2024US$95.2bUS$36.9bUS$1.2b32.1x78.4x2.6x
Sun, 25 Feb 2024US$50.8bUS$35.8bUS$874.7m22.6x58.1x1.4x
Tue, 23 Jan 2024US$49.7bUS$35.9bUS$1.4b20.7x36.3x1.4x
Thu, 21 Dec 2023US$53.2bUS$35.9bUS$1.4b28.2x39.1x1.5x
Sat, 18 Nov 2023US$46.1bUS$36.0bUS$1.1b21x42.2x1.3x
Mon, 16 Oct 2023US$42.3bUS$37.1bUS$1.3b25.1x31.6x1.1x
Wed, 13 Sep 2023US$49.9bUS$37.1bUS$1.3b33x37.7x1.3x
Fri, 11 Aug 2023US$51.2bUS$36.6bUS$110.9m43.1x461.6x1.4x
Sun, 09 Jul 2023US$48.8bUS$35.0b-US$1,135,393,716.0032.3x-43x1.4x
Tue, 06 Jun 2023US$48.9bUS$34.6b-US$355,077,018.0031x-137.8x1.4x
Thu, 04 May 2023US$48.6bUS$32.7b-US$1,318,297,634.0015.1x-36.9x1.5x
Sat, 01 Apr 2023US$51.9bUS$32.7b-US$1,092,915,250.0015.8x-47.5x1.6x
Mon, 27 Feb 2023US$52.4bUS$31.8bUS$92.0m26.1x570x1.6x
Price to Earnings Ratio

570x


Total Market Cap: US$52.4bTotal Earnings: US$92.0mTotal Revenue: US$31.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 75.4x202420252026
Current Industry PE
  • Investors are optimistic on the American Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 601x which is higher than its 3-year average PE of 75.4x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 9.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market0.64%
Utilities1.54%
Renewable Energy2.81%
Independent Power Producers and Energy Traders4.53%
Renewable Energy-1.36%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 19.9x.
    • Analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings decline of 48.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 41% over the next 5 years.
  • However this is lower than its past earnings growth rate of 69% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 25% 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
VST VistraUS$172.505.8%
+US$3.2b		5.7%PE60.9x
TLN Talen EnergyUS$380.063.3%
+US$559.7m		60.7%PE76.8x
AES AESUS$16.361.0%
+US$113.9m		53.3%PE10.8x
VVPR VivoPower InternationalUS$2.4572.5%
+US$17.3m		207.2%PS674.4x
SPRU Spruce Power HoldingUS$4.225.2%
+US$3.8m		66.1%PS0.7x

Latest News

VVPR
US$2.45
VivoPower International
7D
72.5%
1Y
207.2%
BEPC
US$42.46
Brookfield Renewable
7D
-1.4%
1Y
44.6%
VST
US$172.50
Vistra
7D
5.8%
1Y
5.7%
ORA
US$120.05
Ormat Technologies
7D
-0.3%
1Y
73.3%

ORA: New Geothermal PPAs And Storage Projects Will Support Balanced Medium Term Outlook

Analysts have nudged their price target on Ormat Technologies higher to $128.60 from $126.30, reflecting updated views on its projected profit margin, discount rate, revenue growth, and future P/E assumptions. What's in the News Ormat signed a long-term geothermal PPA with NV Energy to support Google's Nevada operations with up to 150 MW of new geothermal capacity, under NV Energy's Clean Transition Tariff, pending approval by the Public Utilities Commission of Nevada expected in the second half of 2026 (Key Developments).
CWEN.A
US$36.77
Clearway Energy
7D
-1.7%
1Y
44.1%
RNW
US$5.36
ReNew Energy Global
7D
0.2%
1Y
-15.6%
AES
US$16.36
AES
7D
1.0%
1Y
53.3%

AES: Takeover Interest And Data Center Demand Will Support Future Upside

Analysts have nudged their price target on AES higher to about $22.32 from roughly $22.20, citing updated assumptions for revenue growth, profit margins and future P/E that modestly support a higher fair value despite mixed recent Street views. Analyst Commentary Recent Street commentary on AES has been mixed, but there are a few clear positives that bullish analysts are focusing on as they revisit their models and price targets.
WAVE
US$4.94
Eco Wave Power Global
7D
-2.6%
1Y
-44.2%
MNTK
US$1.60
Montauk Renewables
7D
-7.0%
1Y
-64.1%

MNTK: Slightly Lower Discount Rate Will Support Undervalued Bullish Setup

Analysts have raised their price target on Montauk Renewables to $2.00 from $2.00, reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E. These changes keep their overall valuation view effectively unchanged.
HNRG
US$18.84
Hallador Energy
7D
-2.7%
1Y
53.7%
TLN
US$380.06
Talen Energy
7D
3.3%
1Y
60.7%

TLN: Caithness Closing And PJM Power Prices Will Recast Earnings Power

Analysts have lifted their price targets on Talen Energy by a wide margin, with recent increases of $5, $27, $61 and a move to $457, citing updated EBITDA and free cash flow estimates, expectations around the Caithness transaction closing by late 2025, and higher forward power prices in PJM as key drivers behind the higher fair value estimate of $557.02. Analyst Commentary Bullish analysts have been revisiting their fair value frameworks for Talen Energy, with several research updates pointing to higher assumed earnings power and cash generation.
SPRU
US$4.22
Spruce Power Holding
7D
5.2%
1Y
66.1%

Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry

Jan 29
Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry
ANNA
US$2.40
AleAnna
7D
-6.3%
1Y
-73.2%
ELLO
US$25.10
Ellomay Capital
7D
-15.7%
1Y
56.2%