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U.S. Renewable Energy Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies37
  • 7D2.7%
  • 3M3.5%
  • 1Y17.1%
  • YTD0.9%

The Renewable Energy industry is up 2.7% in the last week, with Brookfield Renewable up 3.8%. During this same period, the Fervo Energy underperformed, falling 7.2%. This takes the industry's 12 month performance to a gain of 17%. 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
Tue, 02 Jun 2026US$128.6bUS$45.1b-US$909,061,816.7326.4x-141.4x2.8x
Thu, 30 Apr 2026US$114.6bUS$42.3b-US$496,927,496.4841.3x-230.5x2.7x
Sat, 28 Mar 2026US$109.2bUS$42.3b-US$484,987,432.5455x-225.2x2.6x
Mon, 23 Feb 2026US$121.7bUS$41.3bUS$202.7m56.7x600.5x2.9x
Wed, 21 Jan 2026US$116.2bUS$41.4bUS$1.5b53.6x77.5x2.8x
Fri, 19 Dec 2025US$110.3bUS$41.4bUS$1.5b50.3x74.2x2.7x
Sun, 16 Nov 2025US$119.2bUS$42.3bUS$1.1b49.5x106.2x2.8x
Tue, 14 Oct 2025US$126.6bUS$43.2bUS$1.4b46.5x89.7x2.9x
Thu, 11 Sep 2025US$120.7bUS$43.2bUS$1.4b42x84.8x2.8x
Sat, 09 Aug 2025US$124.4bUS$43.1bUS$1.3b43x96.1x2.9x
Mon, 07 Jul 2025US$115.4bUS$42.7bUS$3.2b38.5x36.1x2.7x
Wed, 04 Jun 2025US$100.2bUS$42.2bUS$3.4b31.4x29.9x2.4x
Fri, 02 May 2025US$85.5bUS$42.1bUS$5.0b31.2x17.2x2x
Sun, 30 Mar 2025US$83.0bUS$42.2bUS$4.9b30.4x16.8x2x
Tue, 25 Feb 2025US$88.4bUS$41.2bUS$3.8b23.1x23.2x2.1x
Thu, 23 Jan 2025US$102.3bUS$41.3bUS$2.2b19.7x47x2.5x
Sat, 21 Dec 2024US$80.9bUS$36.6bUS$3.6b22.1x22.4x2.2x
Mon, 18 Nov 2024US$87.1bUS$37.8bUS$3.2b25.2x27.5x2.3x
Wed, 16 Oct 2024US$84.9bUS$35.5bUS$1.8b27.3x46x2.4x
Fri, 13 Sep 2024US$68.1bUS$35.5bUS$1.8b28x36.9x1.9x
Sun, 11 Aug 2024US$66.2bUS$35.6bUS$1.4b32.3x46.5x1.9x
Tue, 09 Jul 2024US$69.4bUS$34.9bUS$1.2b33.2x57.9x2x
Thu, 06 Jun 2024US$72.2bUS$34.9bUS$1.2b36.9x60.8x2.1x
Sat, 04 May 2024US$65.4bUS$36.6bUS$1.7b35.7x39.5x1.8x
Mon, 01 Apr 2024US$98.1bUS$70.1bUS$775.8m32.1x126.5x1.4x
Wed, 28 Feb 2024US$50.7bUS$35.7bUS$1.7b30.8x30.2x1.4x
Fri, 26 Jan 2024US$48.9bUS$35.9bUS$1.4b22.4x35.7x1.4x
Sun, 24 Dec 2023US$53.2bUS$35.9bUS$1.4b28x39.1x1.5x
Tue, 21 Nov 2023US$46.5bUS$35.8bUS$1.3b20.9x35.6x1.3x
Thu, 19 Oct 2023US$43.1bUS$37.1bUS$1.3b25.1x32.2x1.2x
Sat, 16 Sep 2023US$49.9bUS$37.1bUS$1.3b33.8x37.7x1.3x
Mon, 14 Aug 2023US$50.9bUS$36.6bUS$126.9m43.1x401.1x1.4x
Wed, 12 Jul 2023US$49.6bUS$35.0b-US$1,135,654,855.0032.5x-43.7x1.4x
Fri, 09 Jun 2023US$49.5bUS$34.8b-US$312,004,253.0033.1x-158.7x1.4x
Price to Earnings Ratio

-158.7x


Total Market Cap: US$49.5bTotal Earnings: -US$312,004,253.00Total Revenue: US$34.8bTotal 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 9.1% 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 Market1.58%
Utilities-1.84%
Renewable Energy2.72%
Renewable Energy3.09%
Independent Power Producers and Energy Traders2.52%
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 25.8x.
    • Analysts are expecting annual earnings growth of 15.6%, 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 48% 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
BEPC Brookfield RenewableUS$38.923.8%
+US$485.8m		34.4%PS3.6x
RNW ReNew Energy GlobalUS$6.5210.1%
+US$218.5m		-3.4%PE21.8x
TLN Talen EnergyUS$377.201.3%
+US$215.6m		51.8%PS5.3x
ORA Ormat TechnologiesUS$136.612.4%
+US$193.6m		85.2%PE65.8x
CWEN Clearway EnergyUS$40.353.5%
+US$167.2m		32.9%PE543.2x

Latest News

RNW
US$6.52
ReNew Energy Global
7D
10.1%
1Y
-3.4%
CWEN
US$40.35
Clearway Energy
7D
3.5%
1Y
32.9%
New Narrative • May 31

Overreliance On Data Center Power And Tax Equity Will Pressure Future Earnings

Catalysts About Clearway Energy Clearway Energy owns and operates a portfolio of contracted renewable and flexible generation assets, including wind, solar, battery storage and gas fired facilities in the United States. What are the underlying business or industry changes driving this perspective?
MNTK
US$1.79
Montauk Renewables
7D
15.5%
1Y
2.9%
Narrative Update • May 28

MNTK: 2026 Earnings And Production Guidance Will Reframe Long Term Upside Potential

Analysts have trimmed Montauk Renewables' consensus price target by about $1.50, citing lower assumed profit margins and higher future P/E multiples, while revenue growth expectations and discount rate inputs remain relatively stable in updated models. Analyst Commentary Bullish analysts are still pointing to several positives around Montauk Renewables, even as they trim price targets and factor in lower profit margins in their models.
ORA
US$136.61
Ormat Technologies
7D
2.4%
1Y
85.2%
VST
US$154.76
Vistra
7D
-1.0%
1Y
-7.6%
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.
TLN
US$377.20
Talen Energy
7D
1.3%
1Y
51.8%
BEPC
US$38.92
Brookfield Renewable
7D
3.8%
1Y
34.4%
VIVO
US$6.60
VivoPower
7D
41.3%
1Y
53.8%
HNRG
US$19.01
Hallador Energy
7D
5.8%
1Y
8.4%
Analysis Article • May 15

There May Be Underlying Issues With The Quality Of Hallador Energy's (NASDAQ:HNRG) Earnings

Unsurprisingly, Hallador Energy Company's ( NASDAQ:HNRG ) stock price was strong on the back of its healthy earnings...
SPRU
US$2.90
Spruce Power Holding
7D
-4.3%
1Y
43.6%
FRVO
US$35.57
Fervo Energy
7D
-7.2%
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