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U.S. Renewable Energy Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies37
  • 7D-8.6%
  • 3M-0.9%
  • 1Y-5.6%
  • YTD-8.2%

Over the last 7 days, the Renewable Energy industry has dropped 8.6%, driven by a pullback from Vistra of 10.0%. In contrast, Montauk Renewables has gained 12%. The industry has fallen 5.6% in the last year. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026US$118.5bUS$45.1b-US$935,752,125.8124.9x-126.7x2.6x
Mon, 01 Jun 2026US$128.6bUS$45.1b-US$909,061,816.7326.4x-141.4x2.8x
Wed, 29 Apr 2026US$117.7bUS$42.4b-US$496,679,102.5539.1x-237x2.8x
Fri, 27 Mar 2026US$109.4bUS$42.3b-US$484,540,202.4454.5x-225.8x2.6x
Sun, 22 Feb 2026US$121.7bUS$41.3bUS$202.7m56.7x600.5x2.9x
Tue, 20 Jan 2026US$116.2bUS$41.4bUS$1.5b53.8x77.5x2.8x
Thu, 18 Dec 2025US$111.2bUS$41.4bUS$1.5b49.6x74.8x2.7x
Sat, 15 Nov 2025US$117.5bUS$42.3bUS$1.1b39x104.8x2.8x
Mon, 13 Oct 2025US$126.6bUS$43.2bUS$1.4b45.5x89.7x2.9x
Wed, 10 Sep 2025US$120.7bUS$43.2bUS$1.4b42x84.8x2.8x
Fri, 08 Aug 2025US$122.6bUS$42.6bUS$1.7b37.3x71.3x2.9x
Sun, 06 Jul 2025US$115.4bUS$42.7bUS$3.2b38.5x36.1x2.7x
Tue, 03 Jun 2025US$97.9bUS$42.2bUS$3.4b29.3x29.2x2.3x
Thu, 01 May 2025US$85.6bUS$42.1bUS$5.0b30.8x17.3x2x
Sat, 29 Mar 2025US$83.5bUS$42.2bUS$4.9b30.4x16.9x2x
Mon, 24 Feb 2025US$88.4bUS$41.2bUS$3.8b23.5x23.2x2.1x
Wed, 22 Jan 2025US$97.1bUS$41.3bUS$2.2b19.7x44.6x2.4x
Fri, 20 Dec 2024US$79.4bUS$36.6bUS$3.6b23.1x22x2.2x
Sun, 17 Nov 2024US$87.1bUS$37.8bUS$3.2b25.2x27.5x2.3x
Tue, 15 Oct 2024US$83.7bUS$35.5bUS$1.8b27.2x45.4x2.4x
Thu, 12 Sep 2024US$68.0bUS$35.5bUS$1.8b27.9x36.9x1.9x
Sat, 10 Aug 2024US$66.5bUS$35.6bUS$1.4b32.3x46.7x1.9x
Mon, 08 Jul 2024US$69.4bUS$34.9bUS$1.2b33.2x57.9x2x
Wed, 05 Jun 2024US$74.1bUS$34.9bUS$1.2b36x62.4x2.1x
Fri, 03 May 2024US$63.3bUS$36.7bUS$1.4b39.2x46x1.7x
Sun, 31 Mar 2024US$98.1bUS$70.1bUS$775.8m32.1x126.5x1.4x
Tue, 27 Feb 2024US$50.1bUS$35.8bUS$874.8m22.9x57.3x1.4x
Thu, 25 Jan 2024US$49.7bUS$35.9bUS$1.4b20.5x36.3x1.4x
Sat, 23 Dec 2023US$53.2bUS$35.9bUS$1.4b28x39.1x1.5x
Mon, 20 Nov 2023US$46.5bUS$36.0bUS$1.1b20.9x42.9x1.3x
Wed, 18 Oct 2023US$43.3bUS$37.1bUS$1.3b25.1x32.4x1.2x
Fri, 15 Sep 2023US$49.9bUS$37.1bUS$1.3b33.8x37.7x1.3x
Sun, 13 Aug 2023US$50.9bUS$36.6bUS$126.9m43.1x401x1.4x
Tue, 11 Jul 2023US$49.2bUS$35.0b-US$1,135,452,090.0032.6x-43.3x1.4x
Price to Earnings Ratio

-43.3x


Total Market Cap: US$49.2bTotal Earnings: -US$1,135,452,090.00Total Revenue: US$35.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 66.1x202420252026
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 2.2x 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 improved over the last three years.
  • Revenues for these companies have grown 8.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

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

US Market1.38%
Utilities-0.44%
Renewable Energy-8.57%
Renewable Energy-6.96%
Independent Power Producers and Energy Traders-9.35%
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 27.1x.
    • 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 49% over the next 5 years.
  • This is better than its past earnings decline of 70% 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
MNTK Montauk RenewablesUS$1.6911.9%
+US$25.6m		-37.6%PE108.5x
WAVE Eco Wave Power GlobalUS$9.251.2%
+US$686.4k		30.3%PS1518.9x

Latest News

HNRG
US$16.25
Hallador Energy
7D
-7.3%
1Y
0.3%
BEPC
US$36.49
Brookfield Renewable
7D
-3.2%
1Y
7.0%
ORA
US$112.56
Ormat Technologies
7D
-3.1%
1Y
28.3%
FRVO
US$27.79
Fervo Energy
7D
-14.4%
1Y
n/a
WAVE
US$9.25
Eco Wave Power Global
7D
1.2%
1Y
30.3%
TLN
US$364.67
Talen Energy
7D
-9.8%
1Y
27.4%
VST
US$151.05
Vistra
7D
-7.6%
1Y
-21.4%
AES
US$14.58
AES
7D
-0.6%
1Y
26.6%
Narrative Update • Jun 26

AES: Takeover Terms And Earnings Execution Will Guide Fairly Valued Outlook

The analyst price target for AES has shifted slightly lower from $15.33 to $15.00 as analysts factor in updated expectations for revenue growth, margins, and valuation following recent downgrades ahead of upcoming earnings. Analyst Commentary Recent research around AES centers on how upcoming earnings could affect the company’s ability to execute on its plans, support revenue trends, and justify its current valuation.
MNTK
US$1.69
Montauk Renewables
7D
11.9%
1Y
-37.6%
Narrative Update • Jun 26

MNTK: Rebased 2026 Outlook Will Balance Margin Upside With Execution Risks

Montauk Renewables' analyst price target has been revised lower, with recent updates from several firms pointing to a shift toward more conservative revenue growth and P/E assumptions, offset by higher projected profit margins, leading to a new target near $1.50 versus the prior $2.00. Analyst Commentary Recent research commentary on Montauk Renewables highlights a more cautious tone, with several bearish analysts trimming price targets and rethinking growth and valuation assumptions.
CWEN
US$32.76
Clearway Energy
7D
-11.1%
1Y
0.4%
Narrative Update • Jun 26

CWEN: Future Dropdown Pipeline And Equity Funding May Unlock Upside

Analysts have nudged their price targets on Clearway Energy higher into a $45 to $60 range, pointing to updated models that factor in equity issuances tied to additional expected dropdown opportunities later in the decade. Analyst Commentary Recent research updates on Clearway Energy center on how potential future dropdown opportunities and related equity issuances could influence the stock's valuation and execution risk.