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U.S. Renewable Energy Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies37
  • 7D-2.0%
  • 3M-11.2%
  • 1Y15.1%
  • YTD-2.0%

Over the last 7 days, the Renewable Energy industry has dropped 2.0%, driven by Talen Energy declining 6.5%. In the past year, the industry has gained 15%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026US$114.7bUS$41.4bUS$1.5b52.6x76.5x2.8x
Tue, 09 Dec 2025US$115.0bUS$41.4bUS$1.5b50.3x77.3x2.8x
Thu, 06 Nov 2025US$123.9bUS$43.3bUS$1.4b50.5x88.6x2.9x
Sat, 04 Oct 2025US$128.6bUS$43.2bUS$1.4b44.3x91.1x3x
Mon, 01 Sep 2025US$119.4bUS$43.2bUS$1.4b43.1x83.9x2.8x
Wed, 30 Jul 2025US$122.0bUS$42.7bUS$3.2b37.6x38.2x2.9x
Fri, 27 Jun 2025US$111.0bUS$42.3bUS$3.4b33.5x32.8x2.6x
Sun, 25 May 2025US$96.6bUS$42.2bUS$3.4b29.3x28.7x2.3x
Tue, 22 Apr 2025US$79.6bUS$42.0bUS$5.0b29.1x16.1x1.9x
Thu, 20 Mar 2025US$85.8bUS$42.2bUS$4.9b27.1x17.3x2x
Sat, 15 Feb 2025US$93.6bUS$41.2bUS$3.8b22.9x24.5x2.3x
Mon, 13 Jan 2025US$95.1bUS$41.3bUS$2.2b19.7x43.8x2.3x
Wed, 11 Dec 2024US$89.9bUS$37.7bUS$3.6b24.9x24.8x2.4x
Fri, 08 Nov 2024US$82.2bUS$35.5bUS$2.0b24.2x40.7x2.3x
Sun, 06 Oct 2024US$91.5bUS$35.5bUS$1.8b28.1x49.6x2.6x
Tue, 03 Sep 2024US$69.9bUS$35.5bUS$1.8b27.8x37.9x2x
Thu, 01 Aug 2024US$68.2bUS$34.9bUS$1.2b36.2x54.8x2x
Sat, 29 Jun 2024US$70.2bUS$34.9bUS$1.2b34.5x58.9x2x
Mon, 27 May 2024US$77.1bUS$34.9bUS$1.2b35.7x65x2.2x
Wed, 24 Apr 2024US$59.4bUS$36.7bUS$1.2b38.2x47.5x1.6x
Fri, 22 Mar 2024US$56.9bUS$36.6bUS$1.2b32.2x45.9x1.6x
Sun, 18 Feb 2024US$51.5bUS$35.9bUS$1.4b21.9x37.8x1.4x
Tue, 16 Jan 2024US$51.7bUS$35.9bUS$1.4b22.1x37.8x1.4x
Thu, 14 Dec 2023US$49.5bUS$35.9bUS$1.4b26.9x36.4x1.4x
Sat, 11 Nov 2023US$44.9bUS$36.0bUS$983.2m23.1x45.7x1.2x
Mon, 09 Oct 2023US$41.3bUS$37.1bUS$1.3b27.9x30.9x1.1x
Wed, 06 Sep 2023US$50.0bUS$37.1bUS$1.3b31.6x37.7x1.3x
Fri, 04 Aug 2023US$51.0bUS$35.0b-US$1,321,591,779.0037.2x-38.6x1.5x
Sun, 02 Jul 2023US$48.9bUS$35.0b-US$1,135,907,642.0033.3x-43x1.4x
Tue, 30 May 2023US$47.7bUS$34.6b-US$354,775,759.0029.2x-134.4x1.4x
Thu, 27 Apr 2023US$49.2bUS$32.6b-US$1,133,051,036.0012.9x-43.4x1.5x
Sat, 25 Mar 2023US$49.2bUS$32.7b-US$1,152,880,559.0021.1x-42.7x1.5x
Mon, 20 Feb 2023US$55.9bUS$31.8bUS$84.2m27.7x663.8x1.8x
Wed, 18 Jan 2023US$58.3bUS$31.7bUS$10.0m31x5831.6x1.8x
Price to Earnings Ratio

5831.6x


Total Market Cap: US$58.3bTotal Earnings: US$10.0mTotal Revenue: US$31.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 142.1x202420252026
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 76.5x which is lower than its 3-year average PE of 142x.
  • The 3-year average PS ratio of 2.0x 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 431% 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 Market1.88%
Utilities-1.33%
Renewable Energy-1.97%
Independent Power Producers and Energy Traders-1.34%
Renewable Energy-3.67%
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 16.9x.
    • Analysts are expecting annual earnings growth of 27.1%, 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 27% 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 14% 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
VST VistraUS$166.370.7%
+US$386.3m		-0.2%PE58.7x
ORA Ormat TechnologiesUS$115.351.4%
+US$98.5m		75.5%PE52.6x
HNRG Hallador EnergyUS$19.571.1%
+US$9.2m		65.1%PS1.9x
ELLO Ellomay CapitalUS$27.141.5%
+US$5.4m		65.5%PS7.7x
VVPR VivoPower InternationalUS$2.543.7%
+US$1.5m		76.4%PS699.1x

Latest News

MNTK
US$1.48
Montauk Renewables
7D
-11.9%
1Y
-64.1%

Would Montauk Renewables (NASDAQ:MNTK) Be Better Off With Less Debt?

Jan 11
Would Montauk Renewables (NASDAQ:MNTK) Be Better Off With Less Debt?
RNW
US$5.43
ReNew Energy Global
7D
-7.3%
1Y
-19.6%

RNW: New Google Contract Will Support Stronger Long Term Clean Energy Upside

Analysts have nudged their price target on ReNew Energy Global slightly higher to US$8.08 from US$8.03, citing updated assumptions around revenue growth, profit margins and future P/E multiples as the key drivers of this change. What's in the News ReNew Energy Global signed a long term agreement with Google to support a new 150 MW solar project in Rajasthan, with Google set to procure the project's energy attributes from ReNew (Key Developments).
VVPR
US$2.54
VivoPower International
7D
3.7%
1Y
76.4%
TLN
US$370.83
Talen Energy
7D
-6.5%
1Y
67.2%

TLN: Data Center Demand And Caithness Deal Will Reshape Earnings Power

Analysts have lifted their blended price target on Talen Energy to about US$557 from roughly US$399, citing updated assumptions that reflect recent price target increases across the Street, the planned closing of the Caithness transaction by late 2025, higher forward power prices in PJM, and growing attention on Talen's role in supporting data center demand. Analyst Commentary Bullish analysts are framing the recent set of price target moves on Talen Energy as a re-marking of the stock to reflect updated deal assumptions, power market inputs in PJM, and rising visibility into data center related demand.
ANNA
US$2.40
AleAnna
7D
-13.4%
1Y
-72.7%

AleAnna, Inc. (NASDAQ:ANNA) May Have Run Too Fast Too Soon With Recent 25% Price Plummet

Jan 08
AleAnna, Inc. (NASDAQ:ANNA) May Have Run Too Fast Too Soon With Recent 25% Price Plummet
AES
US$14.32
AES
7D
-3.4%
1Y
19.1%
CWEN.A
US$30.08
Clearway Energy
7D
-6.4%
1Y
27.7%

CWEN.A: Q3 Execution And 2030 Plan Are Expected To Support Distributions

Analysts have inched their blended price target for Clearway Energy higher to about $40, reflecting recent target raises from firms citing the company’s Q3 performance, updated 2025 and 2026 guidance, and confidence in its long term growth plan. Analyst Commentary Recent research points to a generally constructive stance on Clearway Energy, with several firms revising their valuation frameworks after the company’s Q3 update and refreshed guidance for 2025 and 2026.
HNRG
US$19.57
Hallador Energy
7D
1.1%
1Y
65.1%
ORA
US$115.35
Ormat Technologies
7D
1.4%
1Y
75.5%

ORA: Geothermal Partnership And Data Center Demand Will Support Measured Outlook

Analysts have slightly increased their price target for Ormat Technologies from US$119.10 to US$121.40, citing small adjustments in assumptions for the discount rate, revenue growth, profit margin and forward P/E as the main reasons for this revision. What's in the News Ormat Technologies issued new guidance for 2025, indicating total revenues in a range of US$960 million to US$980 million (Key Developments).
BEPC
US$38.01
Brookfield Renewable
7D
-4.7%
1Y
41.0%
VST
US$166.37
Vistra
7D
0.7%
1Y
-0.2%

VST: Data Center Demand Will Drive Long-Term Power Pricing Upside

The analyst price target for Vistra has inched higher to approximately $233 per share from about $231, as analysts factor in a slightly lower discount rate, a modestly stronger margin outlook, and supportive sector research highlighting rising power prices and data-center-driven demand for electric utilities. Analyst Commentary Bullish analysts remain constructive on Vistra, highlighting that the combination of rising power prices, data center demand, and improving cash flows supports a premium valuation versus historical levels.
ELLO
US$27.14
Ellomay Capital
7D
1.5%
1Y
65.5%
SPRU
US$5.06
Spruce Power Holding
7D
-4.5%
1Y
70.9%