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U.S. Renewable Energy Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies36
  • 7D14.9%
  • 3M-3.7%
  • 1Y19.1%
  • YTD2.3%

The Renewable Energy industry is up 15% in the last week, with Vistra up 22%. During this same period, the AleAnna underperformed, falling 14%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026US$125.2bUS$45.1b-US$889,319,585.8827.1x-140.7x2.8x
Fri, 24 Apr 2026US$111.2bUS$42.4b-US$479,286,506.5844.6x-232x2.6x
Sun, 22 Mar 2026US$105.4bUS$42.4b-US$483,979,047.7852.3x-217.7x2.5x
Tue, 17 Feb 2026US$122.2bUS$41.2bUS$162.3m57.2x752.8x3x
Thu, 15 Jan 2026US$117.4bUS$41.4bUS$1.5b54.6x78.3x2.8x
Sat, 13 Dec 2025US$118.4bUS$41.4bUS$1.5b51.7x79.6x2.9x
Mon, 10 Nov 2025US$126.9bUS$42.1bUS$1.0b39.8x121.5x3x
Wed, 08 Oct 2025US$129.3bUS$43.2bUS$1.4b45.2x91.6x3x
Fri, 05 Sep 2025US$118.3bUS$43.2bUS$1.4b42.2x83.1x2.7x
Sun, 03 Aug 2025US$126.0bUS$42.6bUS$1.7b38.4x72.8x3x
Tue, 01 Jul 2025US$114.8bUS$42.3bUS$3.4b33.7x33.9x2.7x
Thu, 29 May 2025US$99.0bUS$42.2bUS$3.4b29.9x29.5x2.3x
Sat, 26 Apr 2025US$83.1bUS$42.0bUS$5.0b32.4x16.8x2x
Mon, 24 Mar 2025US$88.8bUS$42.2bUS$4.9b27.9x18x2.1x
Wed, 19 Feb 2025US$94.2bUS$41.2bUS$3.8b23.1x24.6x2.3x
Fri, 17 Jan 2025US$95.7bUS$41.3bUS$2.2b19.7x44x2.3x
Sun, 15 Dec 2024US$85.6bUS$36.6bUS$3.6b24.7x23.8x2.3x
Tue, 12 Nov 2024US$87.5bUS$37.7bUS$3.4b24.4x25.8x2.3x
Thu, 10 Oct 2024US$86.3bUS$35.5bUS$1.8b27.3x46.8x2.4x
Sat, 07 Sep 2024US$64.3bUS$35.5bUS$1.8b27.3x34.9x1.8x
Mon, 05 Aug 2024US$64.8bUS$34.9bUS$1.5b33.8x42.7x1.9x
Wed, 03 Jul 2024US$68.0bUS$34.9bUS$1.2b32.6x57.5x2x
Fri, 31 May 2024US$79.0bUS$34.9bUS$1.2b36.9x66.6x2.3x
Sun, 28 Apr 2024US$60.9bUS$36.7bUS$1.4b38.8x44.7x1.7x
Tue, 26 Mar 2024US$58.6bUS$36.6bUS$1.2b31.8x47.2x1.6x
Thu, 22 Feb 2024US$51.3bUS$36.0bUS$1.4b21.3x37.4x1.4x
Sat, 20 Jan 2024US$49.6bUS$35.9bUS$1.4b20x36.2x1.4x
Mon, 18 Dec 2023US$52.6bUS$35.9bUS$1.4b26.9x38.7x1.5x
Wed, 15 Nov 2023US$44.1bUS$36.0bUS$1.1b22.1x40.6x1.2x
Fri, 13 Oct 2023US$43.2bUS$37.1bUS$1.3b25.1x32.3x1.2x
Sun, 10 Sep 2023US$48.0bUS$37.1bUS$1.3b30.3x36.2x1.3x
Tue, 08 Aug 2023US$50.7bUS$35.0b-US$1,180,103,125.0036.5x-42.9x1.4x
Thu, 06 Jul 2023US$49.8bUS$35.0b-US$1,135,629,416.0032.4x-43.8x1.4x
Sat, 03 Jun 2023US$48.9bUS$34.6b-US$355,296,946.0031.5x-137.6x1.4x
Price to Earnings Ratio

-137.6x


Total Market Cap: US$48.9bTotal Earnings: -US$355,296,946.00Total Revenue: US$34.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 67.3x202420252026
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 2.8x.
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 Market2.46%
Utilities2.56%
Renewable Energy14.86%
Independent Power Producers and Energy Traders18.98%
Renewable Energy8.02%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry, which is trading close to its 3-year average PE ratio of 25.6x.
    • Analysts are expecting annual earnings growth of 15.5%, 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?

CompanyLast Price7D1YValuation
VST VistraUS$164.5622.2%
+US$10.1b		0.4%PE27.1x
TLN Talen EnergyUS$389.0023.7%
+US$3.4b		58.6%PS5.5x
BEPC Brookfield RenewableUS$39.068.1%
+US$999.0m		32.9%PS3.6x
FRVO Fervo EnergyUS$39.518.7%
+US$898.9m		n/aPS81185.1x
ORA Ormat TechnologiesUS$139.086.4%
+US$516.2m		92.1%PE67x

Latest News

ORA
US$139.08
Ormat Technologies
7D
6.4%
1Y
92.1%
VST
US$164.56
Vistra
7D
22.2%
1Y
0.4%
Narrative Update • May 26

VST: Data Center Power Hype Will Pressure PJM And Gas Deal Execution

Analysts trimmed the updated fair value estimate for Vistra by about $11.80 to $133.54, reflecting a mix of recent price target cuts along with select upward revisions and a slight adjustment to valuation inputs such as revenue growth, profit margin and forward P/E assumptions. Analyst Commentary Recent Street research on Vistra shows a mix of price target increases and cuts, with several firms adjusting their numbers in quick succession.
CWEN
US$40.18
Clearway Energy
7D
11.4%
1Y
30.4%
AES
US$14.67
AES
7D
0.7%
1Y
45.7%
Narrative Update • May 26

AES: Take Private Bid And Limited Upside Will Shape Future Returns

AES's analyst price targets have been reset closer to the agreed $15.00 per share cash acquisition price, with analysts broadly citing the pending take private deal and adopting a more cautious stance reflected in recent downgrades to Neutral or Equal Weight. Analyst Commentary Recent research has focused less on AES's standalone outlook and more on the implications of the agreed US$15.00 per share take private offer, which several firms describe as their base case outcome.
RNW
US$6.00
ReNew Energy Global
7D
12.1%
1Y
-14.3%
ANNA
US$3.00
AleAnna
7D
-14.0%
1Y
-70.4%
TLN
US$389.00
Talen Energy
7D
23.7%
1Y
58.6%
BEPC
US$39.06
Brookfield Renewable
7D
8.1%
1Y
32.9%
VIVO
US$4.52
VivoPower
7D
-2.0%
1Y
-25.2%
FRVO
US$39.51
Fervo Energy
7D
8.7%
1Y
n/a
Seeking Alpha • May 14

Fervo Energy: Energized From The Ground

Summary Fervo Energy surged 40% on IPO debut, reflecting investor enthusiasm for its scalable geothermal energy vision. Fervo boasts $7B in contracted revenue, 658MW under PPAs, and high-profile clients like Google, but has yet to commence commercial operations. Significant risks persist: no operational track record, large capital expenditures, technical and economic uncertainties, and concentrated project exposure. Despite compelling clean energy potential, conviction is tempered by execution risk and the need for proven durability and reliability. Read the full article on Seeking Alpha
WAVE
US$8.24
Eco Wave Power Global
7D
-12.2%
1Y
41.8%