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U.S. Renewable Energy Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.9%
  • 3M3.6%
  • 1Y11.9%
  • YTD-0.8%

Over the last 7 days, the Renewable Energy industry has dropped 1.0%, driven by a pullback from Vistra of 4.1%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026US$126.7bUS$45.1b-US$909,523,459.0225.3x-139.3x2.8x
Sun, 03 May 2026US$103.6bUS$40.9b-US$665,905,425.5546.3x-155.5x2.5x
Tue, 31 Mar 2026US$110.4bUS$42.3b-US$484,657,032.9453.7x-227.8x2.6x
Thu, 26 Feb 2026US$121.4bUS$41.4bUS$95.6m57.6x1270.2x2.9x
Sat, 24 Jan 2026US$115.1bUS$41.4bUS$1.5b56.2x76.8x2.8x
Mon, 22 Dec 2025US$112.8bUS$41.4bUS$1.5b50.5x75.8x2.7x
Wed, 19 Nov 2025US$120.1bUS$41.4bUS$1.5b49x80.7x2.9x
Fri, 17 Oct 2025US$133.6bUS$43.3bUS$1.4b46.9x94.6x3.1x
Sun, 14 Sep 2025US$126.9bUS$43.2bUS$1.4b42.3x89.2x2.9x
Tue, 12 Aug 2025US$123.2bUS$43.0bUS$1.3b42.5x94x2.9x
Thu, 10 Jul 2025US$113.1bUS$42.7bUS$3.2b38.4x35.4x2.6x
Sat, 07 Jun 2025US$102.2bUS$42.2bUS$3.4b31.1x30.5x2.4x
Mon, 05 May 2025US$88.9bUS$41.7bUS$4.1b26x21.7x2.1x
Wed, 02 Apr 2025US$82.6bUS$42.2bUS$5.0b32.3x16.7x2x
Fri, 28 Feb 2025US$87.7bUS$42.1bUS$4.4b19x19.9x2.1x
Sun, 26 Jan 2025US$101.7bUS$41.3bUS$2.2b19.7x46.7x2.5x
Tue, 24 Dec 2024US$82.4bUS$36.6bUS$3.6b22.1x22.8x2.3x
Thu, 21 Nov 2024US$92.1bUS$37.8bUS$3.2b25x28.9x2.4x
Sat, 19 Oct 2024US$84.8bUS$35.5bUS$1.8b29x46x2.4x
Mon, 16 Sep 2024US$72.0bUS$35.5bUS$1.8b28.5x39x2x
Wed, 14 Aug 2024US$65.7bUS$35.6bUS$1.4b32.9x46.1x1.8x
Fri, 12 Jul 2024US$71.2bUS$34.9bUS$1.2b34.6x59.5x2x
Sun, 09 Jun 2024US$70.1bUS$34.9bUS$1.2b36.2x58.8x2x
Tue, 07 May 2024US$67.4bUS$36.6bUS$1.7b35.7x40.8x1.8x
Thu, 04 Apr 2024US$99.4bUS$70.1bUS$796.7m41.2x124.8x1.4x
Sat, 02 Mar 2024US$52.6bUS$34.9bUS$1.7b30.2x30.2x1.5x
Mon, 29 Jan 2024US$50.3bUS$35.9bUS$1.4b22.1x36.7x1.4x
Wed, 27 Dec 2023US$53.3bUS$35.9bUS$1.4b27.7x39.2x1.5x
Fri, 24 Nov 2023US$46.5bUS$35.9bUS$1.4b25.1x34.1x1.3x
Sun, 22 Oct 2023US$42.3bUS$37.1bUS$1.3b25.1x31.7x1.1x
Tue, 19 Sep 2023US$50.4bUS$37.1bUS$1.3b33.6x38x1.4x
Thu, 17 Aug 2023US$49.7bUS$36.6bUS$104.3m33.6x476.4x1.4x
Sat, 15 Jul 2023US$50.0bUS$35.0b-US$1,135,770,119.0032.4x-44x1.4x
Mon, 12 Jun 2023US$49.0bUS$34.7b-US$312,050,293.0033.1x-156.9x1.4x
Price to Earnings Ratio

-156.9x


Total Market Cap: US$49.0bTotal Earnings: -US$312,050,293.00Total Revenue: US$34.7bTotal 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 9.2% 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-0.11%
Utilities-1.53%
Renewable Energy-1.86%
Renewable Energy-0.032%
Independent Power Producers and Energy Traders-2.88%
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 26.0x.
    • Analysts are expecting annual earnings growth of 15.8%, 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
ORA Ormat TechnologiesUS$142.453.5%
+US$293.1m		89.6%PE68.6x
FRVO Fervo EnergyUS$38.860.4%
+US$45.4m		n/aPS79849.5x
AES AESUS$14.730.3%
+US$28.5m		40.2%PE7.6x
RNW ReNew Energy GlobalUS$6.311.1%
+US$25.5m		-6.4%PE21.2x
WAVE Eco Wave Power GlobalUS$9.509.8%
+US$5.0m		54.7%PS1459.9x

Latest News

ORA
US$142.45
Ormat Technologies
7D
3.5%
1Y
89.6%
TLN
US$378.08
Talen Energy
7D
-0.9%
1Y
47.7%
Narrative Update • Jun 03

TLN: Refinancing And Nuclear Projects Will Shape A Cautious Balanced Outlook

Analysts have raised the Talen Energy price target by $1 to $499, citing updated utility sector models and revised views following recent quarterly results and broader coverage changes. Analyst Commentary Recent research on Talen Energy shows a mix of optimism and caution, with several firms adjusting price targets around updated sector models, new coverage and reactions to quarterly results.
VIVO
US$5.85
VivoPower
7D
3.7%
1Y
-1.0%
VST
US$153.70
Vistra
7D
-4.1%
1Y
-10.0%
Seeking Alpha • Jun 03

Vistra: A Buy On AI Demand, Nuclear Power, And Strong Cash Flow

Summary Vistra Corp. is rated a buy, driven by long-term PPAs with hyperscalers, robust EBITDA/FCFbG guidance, and strong market positioning. VST's Q1 2026 revenue rose to $5.63B with a 26.6% operating margin; adjusted EBITDA grew 20% YoY, supported by improved energy margins and acquisitions. Management guides for 20.4% FCFbG growth in FY26, excluding potential upside from new PPAs, while consensus expects EBITDA to reach $7.34B. Key risks include hyperscaler CapEx volatility, regulatory intervention, and valuation sensitivity despite the recent pullback from 52-week highs. Read the full article on Seeking Alpha
HNRG
US$18.95
Hallador Energy
7D
-4.2%
1Y
12.7%
AES
US$14.73
AES
7D
0.3%
1Y
40.2%
Seeking Alpha • Jun 02

AES: What The $10.7 Billion Buyout Means For Shareholders

Summary AES Corporation is now a low-risk arbitrage play following a $15/share take-private deal led by BlackRock. With AES trading at $14.67, investors can capture a 2.2% spread plus a 4.8% dividend yield until deal closure. The upside is capped at $15; risk remains if shareholder or regulatory approvals fail, exposing downside to pre-deal levels. I view AES as a hold-to-buy for income and arbitrage, not for growth or exposure to the AI-power theme. Read the full article on Seeking Alpha
RNW
US$6.31
ReNew Energy Global
7D
1.1%
1Y
-6.4%
CWEN
US$40.38
Clearway Energy
7D
-0.6%
1Y
33.4%
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?
WAVE
US$9.50
Eco Wave Power Global
7D
9.8%
1Y
54.7%
MNTK
US$1.70
Montauk Renewables
7D
-2.9%
1Y
-10.5%
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.
ANNA
US$3.22
AleAnna
7D
0.9%
1Y
-64.7%
BEPC
US$38.83
Brookfield Renewable
7D
-2.6%
1Y
31.3%
SPRU
US$2.85
Spruce Power Holding
7D
-0.3%
1Y
50.0%
FRVO
US$38.86
Fervo Energy
7D
0.4%
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
ELLO
US$22.34
Ellomay Capital
7D
-8.8%
1Y
55.7%