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U.S. Renewable Energy Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies38
  • 7D-2.5%
  • 3M-2.6%
  • 1Y14.8%
  • YTD22.9%

Over the last 7 days, the Renewable Energy industry has dropped 2.5%, driven by Vistra declining 3.5%. Over the past 12 months, the industry was up 15%. 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
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
Mon, 15 May 2023US$50.1bUS$34.5b-US$256,518,529.0017.4x-195.4x1.5x
Wed, 12 Apr 2023US$53.0bUS$32.6b-US$1,132,557,032.0014.2x-46.8x1.6x
Fri, 10 Mar 2023US$52.8bUS$32.7b-US$1,153,558,635.0025.1x-45.8x1.6x
Sun, 05 Feb 2023US$56.3bUS$31.7bUS$55.0m28.9x1024.6x1.8x
Tue, 03 Jan 2023US$56.9bUS$31.7bUS$12.6m29.3x4504.6x1.8x
Thu, 01 Dec 2022US$60.7bUS$31.7bUS$14.6m32.4x4162x1.9x
Price to Earnings Ratio

4162x


Total Market Cap: US$60.7bTotal Earnings: US$14.6mTotal Revenue: US$31.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 252.8x202320242025
Current Industry PE
  • Investors are pessimistic on the American Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 78.5x which is lower than its 3-year average PE of 253x.
  • The 3-year average PS ratio of 1.9x 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 grown 367% per year over the last three years.
  • Revenues for these companies have grown 9.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market-1.31%
Utilities-1.60%
Renewable Energy-2.46%
Renewable Energy-1.79%
Independent Power Producers and Energy Traders-2.71%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 13.3x.
    • Analysts are expecting annual earnings growth of 29.6%, which is higher than its past year's earnings decline of 48.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 48% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 21% 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$108.550.8%
+US$55.3m		32.3%PE49.5x
RNW ReNew Energy GlobalUS$7.520.8%
+US$21.9m		22.7%PE29.1x
SPRU Spruce Power HoldingUS$5.140.6%
+US$545.1k		121.6%PS0.9x

Latest News

CWEN.A
US$33.54
Clearway Energy
7D
-1.9%
1Y
24.2%
BEPC
US$41.26
Brookfield Renewable
7D
-3.1%
1Y
28.7%
HNRG
US$19.21
Hallador Energy
7D
-5.1%
1Y
50.8%
AES
US$13.75
AES
7D
-1.2%
1Y
4.5%

AES: Data Center Demand and Takeover Talks Will Drive Future Momentum

The analyst price target for AES has increased from $23 to $24. This reflects a modest shift based on analysts' positive outlook on utility sector performance and expectations tied to data center expansion and interconnection trends.
ORA
US$108.55
Ormat Technologies
7D
0.8%
1Y
32.3%

ORA: Revenue Guidance Increase And Partnerships Will Drive Balanced Outlook Through 2025

Analysts have raised their price target for Ormat Technologies from $105.70 to $117.10. They cite expectations for improved revenue growth and profit margins.
TLN
US$365.96
Talen Energy
7D
-0.7%
1Y
74.8%

TLN: Increasing Demand For Data Center Power Will Drive Long-Term Cash Flow Expansion

Talen Energy's analyst fair value estimate has been revised upward from $445.35 to $448.97. This change reflects analysts' increased confidence in the company's data center pipeline opportunities and robust cash flow outlook.
VST
US$168.59
Vistra
7D
-3.7%
1Y
9.4%

VST: Accelerating Power Demand From Data Centers Will Drive Next Phase

Vistra's analyst price target has been raised slightly to approximately $228. Analysts cite robust earnings prospects supported by surging power demand, higher expected growth rates, and industry tailwinds from evolving utility and data center markets.
SPRU
US$5.14
Spruce Power Holding
7D
0.6%
1Y
121.6%
RNW
US$7.52
ReNew Energy Global
7D
0.8%
1Y
22.7%

RNW: Future Profit Margins And Discount Rate Will Influence Fair Value

Analysts have raised their price target for ReNew Energy Global slightly, from $7.96 to $8.00. They attribute this change to revised estimates for key financial metrics and updated valuation assumptions.
MNTK
US$1.71
Montauk Renewables
7D
-3.4%
1Y
-61.9%

Montauk Renewables, Inc. (NASDAQ:MNTK) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough

Nov 07
Montauk Renewables, Inc. (NASDAQ:MNTK) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough
ELLO
US$19.80
Ellomay Capital
7D
-2.9%
1Y
20.1%