Canadian (TSX) Renewable Energy Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies12
- 7D11.8%
- 3M11.3%
- 1Y-16.1%
- YTDn/a
In the last week, the Renewable Energy industry is up 12%, with Brookfield Renewable up 16%. Meanwhile, Oceanic Wind Energy actually underperformed within the industry, shrinking 25% in the last week. In contrast, the industry has lost 16% in the last 12 months. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Canadian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | CA$43.7b | CA$17.9b | CA$1.6b | 12.6x | 28x | 2.4x |
| Sat, 06 Apr 2024 | CA$38.5b | CA$17.5b | -CA$484,333,011.06 | 36x | -79.4x | 2.2x |
| Mon, 04 Mar 2024 | CA$38.9b | CA$17.4b | -CA$579,943,509.51 | 38.6x | -67.1x | 2.2x |
| Wed, 31 Jan 2024 | CA$47.2b | CA$17.1b | CA$2.4b | 29.4x | 20x | 2.8x |
| Fri, 29 Dec 2023 | CA$46.6b | CA$16.9b | CA$2.3b | 29.1x | 19.9x | 2.8x |
| Sun, 26 Nov 2023 | CA$44.4b | CA$17.3b | CA$2.4b | 28.3x | 18.6x | 2.6x |
| Tue, 24 Oct 2023 | CA$40.7b | CA$17.0b | CA$1.2b | 39x | 35.3x | 2.4x |
| Thu, 21 Sep 2023 | CA$47.1b | CA$16.8b | CA$1.1b | 34.3x | 41.2x | 2.8x |
| Sat, 19 Aug 2023 | CA$47.5b | CA$16.9b | CA$1.1b | 20.2x | 41.4x | 2.8x |
| Mon, 17 Jul 2023 | CA$52.6b | CA$16.8b | CA$2.4b | 45.3x | 22.3x | 3.1x |
| Wed, 14 Jun 2023 | CA$52.7b | CA$16.9b | CA$2.4b | 41.7x | 22.3x | 3.1x |
| Fri, 12 May 2023 | CA$55.4b | CA$17.1b | CA$2.4b | 26.3x | 23.3x | 3.2x |
| Sun, 09 Apr 2023 | CA$55.9b | CA$16.7b | CA$2.5b | 27.7x | 22x | 3.3x |
| Tue, 07 Mar 2023 | CA$51.3b | CA$16.8b | CA$2.5b | 26.5x | 20.1x | 3x |
| Thu, 02 Feb 2023 | CA$52.3b | CA$16.2b | CA$1.3b | 16.6x | 39.8x | 3.2x |
| Sat, 31 Dec 2022 | CA$49.7b | CA$16.4b | CA$1.3b | 14.6x | 37.6x | 3x |
| Mon, 28 Nov 2022 | CA$55.8b | CA$16.2b | CA$1.3b | 21.5x | 42.3x | 3.4x |
| Wed, 26 Oct 2022 | CA$54.6b | CA$16.0b | CA$937.6m | 29.7x | 58.2x | 3.4x |
| Fri, 23 Sep 2022 | CA$64.3b | CA$15.9b | CA$935.0m | 34.5x | 68.8x | 4.1x |
| Sun, 21 Aug 2022 | CA$68.5b | CA$15.5b | CA$925.9m | 38.3x | 73.9x | 4.4x |
| Tue, 19 Jul 2022 | CA$61.2b | CA$14.6b | CA$85.0m | 34.9x | 719.5x | 4.2x |
| Thu, 16 Jun 2022 | CA$59.4b | CA$14.6b | CA$86.8m | 34x | 684.6x | 4.1x |
| Sat, 14 May 2022 | CA$59.0b | CA$14.5b | CA$75.5m | 36.2x | 780.5x | 4.1x |
| Mon, 11 Apr 2022 | CA$66.6b | CA$13.8b | CA$920.7m | 44.8x | 72.4x | 4.8x |
| Wed, 09 Mar 2022 | CA$65.2b | CA$14.1b | CA$956.3m | 44.2x | 68.2x | 4.6x |
| Fri, 04 Feb 2022 | CA$54.4b | CA$13.4b | -CA$1,257,483,553.00 | 30.2x | -43.2x | 4.1x |
| Sun, 02 Jan 2022 | CA$59.8b | CA$13.4b | -CA$1,248,202,051.00 | 33.4x | -47.9x | 4.5x |
| Tue, 30 Nov 2021 | CA$60.9b | CA$13.5b | -CA$1,260,360,583.00 | 21.7x | -48.3x | 4.5x |
| Thu, 28 Oct 2021 | CA$63.3b | CA$12.9b | -CA$2,994,039,943.00 | 11.7x | -21.2x | 4.9x |
| Sat, 25 Sep 2021 | CA$64.7b | CA$13.2b | -CA$3,085,174,435.00 | 10.9x | -21x | 4.9x |
| Mon, 23 Aug 2021 | CA$67.4b | CA$12.9b | -CA$3,028,979,415.76 | 25.5x | -22.3x | 5.2x |
| Sat, 10 Jul 2021 | CA$65.2b | CA$12.9b | -CA$3,028,979,415.76 | 27x | -21.5x | 5x |
Price to Earnings Ratio
-16.9x
Current Industry PE
- Investors are pessimistic on the Canadian Renewable Electricity 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 28.0x which is lower than its 3-year average PE of 77.1x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 12% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Canadian Renewable Energy compare with similar industries?
| CA Market | 3.09% | |
| Utilities | 5.67% | |
| Renewable Energy | 10.90% | |
| Renewable Energy | 11.83% | |
| Independent Power Producers and Energy Traders | 6.03% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BEPC Brookfield Renewable | CA$41.18 | 16.4% +CA$2.2b | -12.6% | PE8.2x | |
| NPI Northland Power | CA$21.69 | 1.5% +CA$81.9m | -24.2% | PS2.5x | |
| INE Innergex Renewable Energy | CA$8.57 | 4.3% +CA$70.2m | -33.5% | PS1.7x | |
| BLX Boralex | CA$29.49 | 2.0% +CA$58.6m | -23.7% | PE38.9x | |
| PIF Polaris Renewable Energy | CA$12.64 | 8.5% +CA$20.9m | -16.2% | PE17x |