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U.S. Renewable Energy Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies38
  • 7D0.3%
  • 3M7.3%
  • 1Y5.2%
  • YTD-0.8%

The Renewable Energy industry has been flat over the last week, but Fervo Energy has lost 11%. The past year has been better, since the industry has gained 5.2% in that time. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026US$126.6bUS$45.2b-US$908,146,272.4026.8x-139.4x2.8x
Sat, 23 May 2026US$123.2bUS$45.1b-US$889,153,504.1225.7x-138.6x2.7x
Mon, 20 Apr 2026US$116.3bUS$42.4b-US$477,711,580.6737.3x-243.5x2.7x
Wed, 18 Mar 2026US$112.6bUS$42.4b-US$482,621,429.2253x-233.3x2.7x
Fri, 13 Feb 2026US$117.4bUS$41.2bUS$162.3m56.2x723.4x2.8x
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
Price to Earnings Ratio

-43x


Total Market Cap: US$48.9bTotal Earnings: -US$1,135,907,642.00Total Revenue: US$35.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Renewable Energy Industry Price to Earnings3Y Average 66.9x202420252026
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 2.8x.
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 Market-2.47%
Utilities2.70%
Renewable Energy0.33%
Independent Power Producers and Energy Traders1.37%
Renewable Energy-1.70%
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 26.8x.
    • Analysts are expecting annual earnings growth of 15.9%, 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 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
VST VistraUS$162.872.5%
+US$1.4b		-12.6%PE26.8x
BEPC Brookfield RenewableUS$37.654.6%
+US$571.3m		16.2%PS3.5x
AES AESUS$14.680.5%
+US$49.9m		39.8%PE7.6x
RNW ReNew Energy GlobalUS$6.230.6%
+US$14.6m		-7.3%PE20.6x
WAVE Eco Wave Power GlobalUS$9.0217.6%
+US$7.9m		53.1%PS1386.2x

Latest News

SPRU
US$2.65
Spruce Power Holding
7D
-8.6%
1Y
33.8%
ANNA
US$2.63
AleAnna
7D
-15.2%
1Y
-63.7%
VST
US$162.87
Vistra
7D
2.5%
1Y
-12.6%
Narrative Update • Jun 24

VST: AI Data Center Power Deals Will Support Nuclear And Gas Upside

Analysts have trimmed their price targets on Vistra, with the consensus fair value easing from about $318 to roughly $314. This reflects slightly higher discount rate assumptions and more moderate revenue growth and margin expectations in recent research updates.
FRVO
US$32.49
Fervo Energy
7D
-11.0%
1Y
n/a
Seeking Alpha • Jun 23

Fervo Energy: Nvidia Can't Fix What's Missing Here

Summary Fervo Energy Company pioneers enhanced geothermal systems, leveraging oil and gas technologies to unlock scalable, carbon-free baseload power. FRVO’s approach is well-timed as AI-driven data centers increasingly demand reliable, clean electricity available 24/7. Recent partnerships with Nvidia and Pacific Northwest National Laboratory to develop EGS-Twin signal strong innovation and industry validation. I lean neutral on FRVO after reviewing its latest strategic collaborations and first-quarter 2026 results. Read the full article on Seeking Alpha
RNW
US$6.23
ReNew Energy Global
7D
0.6%
1Y
-7.3%
Narrative Update • Jun 22

RNW: Earnings Momentum And Improving Fundamentals Will Drive Future Upside

Analysts have raised their price target for ReNew Energy Global to $8.56 from $8.46, citing updated assumptions for fair value, revenue growth, profit margins and future P/E. What's in the News for ReNew Energy Global Analysts have moved ReNew Energy Global to higher Zacks ranks, recently assigning it a Rank #1 (Strong Buy) and #2 (Buy), based on a consistent upward trend in earnings estimates over the last 60 days.
CWEN
US$36.78
Clearway Energy
7D
0.03%
1Y
16.2%
Analysis Article • Jun 22

Clearway Energy (CWEN) Stock Could Be 18.1% Undervalued After Revenue And Profit Jump

Clearway Energy (CWEN) has drawn fresh attention after reporting a significant year-over-year rise in quarterly revenue and net profit, alongside a high financial health ranking and strong operational efficiency within the renewable electricity sector. See our latest analysis for Clearway Energy. At a share price of $37.42, Clearway Energy has held onto a 10.19% year to date share price return. The 1 year total shareholder return of 24.26% and 5 year total shareholder return of 82.72% point...
AES
US$14.68
AES
7D
0.5%
1Y
39.8%
HNRG
US$17.70
Hallador Energy
7D
-9.0%
1Y
16.6%
TLN
US$405.89
Talen Energy
7D
-1.0%
1Y
40.9%
Narrative Update • Jun 18

TLN: Refinancing And Gas Acquisitions With Nuclear Plans Guide A Measured Outlook

Analysts have nudged the Talen Energy price target higher, citing refreshed models that reflect updated revenue growth, profit margin and P/E assumptions, along with a series of recent Street target increases to $411 and $499. Analyst Commentary Recent Street research on Talen Energy has featured multiple price target revisions, giving you a mixed picture of how analysts are thinking about the stock.
MNTK
US$1.56
Montauk Renewables
7D
-1.9%
1Y
-31.9%
Narrative Update • Jun 12

MNTK: Cleaned Up 2026 Assumptions Will Clarify Long Term Upside Potential

Montauk Renewables' analyst price target has been revised lower by several firms, trimming the Street outlook by a few dollars per share as analysts factor in updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. Analyst Commentary Recent research notes show that while headline price targets for Montauk Renewables have been trimmed by up to a few dollars per share, the tone from bullish analysts still leans toward patience rather than capitulation.
ORA
US$124.18
Ormat Technologies
7D
-1.5%
1Y
45.5%
WAVE
US$9.02
Eco Wave Power Global
7D
17.6%
1Y
53.1%
BEPC
US$37.65
Brookfield Renewable
7D
4.6%
1Y
16.2%
ELLO
US$19.16
Ellomay Capital
7D
-8.2%
1Y
13.5%