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U.S. Renewable Energy Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies38
  • 7D-6.1%
  • 3M-0.6%
  • 1Y8.0%
  • YTD-5.4%

Over the last 7 days, the Renewable Energy industry has dropped 6.1%, driven by Vistra declining 7.4%. This takes the industry's 12 month performance to a gain of 8.0%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$121.0bUS$45.1b-US$909,125,326.1724.1x-133.1x2.7x
Fri, 08 May 2026US$115.0bUS$43.3b-US$2,048,087,280.2231.9x-56.1x2.7x
Sun, 05 Apr 2026US$110.3bUS$42.4b-US$481,227,934.7655.4x-229.1x2.6x
Tue, 03 Mar 2026US$121.4bUS$42.2b-US$567,002,817.2050.9x-214x2.9x
Thu, 29 Jan 2026US$116.4bUS$41.4bUS$1.5b58.3x77.7x2.8x
Sat, 27 Dec 2025US$114.0bUS$41.4bUS$1.5b51.5x76.6x2.8x
Mon, 24 Nov 2025US$116.8bUS$41.4bUS$1.5b49.5x78.5x2.8x
Wed, 22 Oct 2025US$127.0bUS$43.2bUS$1.4b44.4x89.9x2.9x
Fri, 19 Sep 2025US$126.4bUS$43.2bUS$1.4b42.2x88.8x2.9x
Sun, 17 Aug 2025US$121.7bUS$43.3bUS$1.4b41.8x85.5x2.8x
Tue, 15 Jul 2025US$116.4bUS$42.7bUS$3.2b38x36.5x2.7x
Thu, 12 Jun 2025US$103.4bUS$42.2bUS$3.4b30.9x30.8x2.5x
Sat, 10 May 2025US$90.2bUS$42.1bUS$3.3b27.3x27.6x2.1x
Mon, 07 Apr 2025US$72.2bUS$42.2bUS$5.0b28.4x14.6x1.7x
Wed, 05 Mar 2025US$83.3bUS$42.2bUS$5.0b21.4x16.7x2x
Fri, 31 Jan 2025US$89.2bUS$41.3bUS$2.3b23.6x38.5x2.2x
Sun, 29 Dec 2024US$82.3bUS$36.5bUS$3.6b23.7x22.8x2.3x
Tue, 26 Nov 2024US$92.2bUS$37.8bUS$3.6b25x25.4x2.4x
Thu, 24 Oct 2024US$84.2bUS$35.5bUS$1.8b28.2x47.2x2.4x
Sat, 21 Sep 2024US$75.3bUS$35.5bUS$1.8b29.4x40.8x2.1x
Mon, 19 Aug 2024US$67.2bUS$35.5bUS$1.9b26.8x35.9x1.9x
Wed, 17 Jul 2024US$68.9bUS$34.9bUS$1.2b35.2x57.5x2x
Fri, 14 Jun 2024US$71.3bUS$34.9bUS$1.2b35.8x59.9x2x
Sun, 12 May 2024US$72.5bUS$35.2bUS$926.2m41.1x78.2x2.1x
Tue, 09 Apr 2024US$62.4bUS$36.7bUS$1.2b41.5x50x1.7x
Thu, 07 Mar 2024US$55.2bUS$34.9bUS$1.7b30.4x31.9x1.6x
Sat, 03 Feb 2024US$51.1bUS$35.9bUS$1.4b23.2x37.5x1.4x
Mon, 01 Jan 2024US$53.8bUS$35.9bUS$1.4b27.4x39.6x1.5x
Wed, 29 Nov 2023US$46.5bUS$35.9bUS$1.4b26.6x34.2x1.3x
Fri, 27 Oct 2023US$44.3bUS$37.2bUS$1.3b26.7x33.8x1.2x
Sun, 24 Sep 2023US$48.6bUS$37.1bUS$1.3b30.8x36.7x1.3x
Tue, 22 Aug 2023US$49.1bUS$36.6bUS$142.8m32.5x343.6x1.3x
Thu, 20 Jul 2023US$54.4bUS$35.0b-US$1,135,952,531.0035x-47.9x1.6x
Sat, 17 Jun 2023US$50.0bUS$34.7b-US$313,043,594.0030.7x-159.7x1.4x
Price to Earnings Ratio

-159.7x


Total Market Cap: US$50.0bTotal Earnings: -US$313,043,594.00Total Revenue: US$34.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 67.4x202420252026
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 2.7x.
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-3.33%
Utilities-0.83%
Renewable Energy-6.07%
Renewable Energy-5.33%
Independent Power Producers and Energy Traders-6.48%
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 26.2x.
    • 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 47% 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 15% 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
SPRU Spruce Power HoldingUS$3.003.4%
+US$1.8m		57.9%PS0.5x

Latest News

ORA
US$138.18
Ormat Technologies
7D
-4.4%
1Y
74.9%
FRVO
US$33.57
Fervo Energy
7D
-10.8%
1Y
n/a
RNW
US$6.14
ReNew Energy Global
7D
-3.8%
1Y
-12.3%
Narrative Update • Jun 06

RNW: Earnings Momentum And Buyout Proposal Will Support Future Upside Potential

Analysts have trimmed their price target for ReNew Energy Global to about $7.87 from roughly $7.87, reflecting updated assumptions around revenue growth, profitability, and future price-to-earnings (P/E) expectations. What's in the News Zacks upgraded ReNew Energy Global to a Rank #1 (Strong Buy), citing an upward trend in earnings estimates and what it views as improved underlying business conditions that could influence the stock price over time.
TLN
US$358.74
Talen Energy
7D
-6.9%
1Y
40.6%
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.
VST
US$146.22
Vistra
7D
-7.4%
1Y
-11.2%
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$16.19
Hallador Energy
7D
-14.2%
1Y
0.7%
CWEN
US$38.94
Clearway Energy
7D
-5.6%
1Y
27.3%
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?
BEPC
US$38.86
Brookfield Renewable
7D
-1.3%
1Y
20.3%
SPRU
US$3.00
Spruce Power Holding
7D
3.4%
1Y
57.9%