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May 02
U.S. Renewable Energy Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies34
- 7D6.6%
- 3M32.6%
- 1Y18.1%
- YTD24.3%
The Renewable Energy industry is up 6.6% in the last week, with Vistra up 16%. During this same period, the Spruce Power Holding underperformed, falling 12%. In the last 12 months, the industry was up 18%. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the U.S. Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | US$66.7b | US$36.6b | US$1.7b | 36.5x | 40.4x | 1.8x |
| Sat, 06 Apr 2024 | US$95.4b | US$70.1b | US$796.7m | 41.3x | 119.7x | 1.4x |
| Mon, 04 Mar 2024 | US$53.0b | US$35.0b | US$1.7b | 30.2x | 30.6x | 1.5x |
| Wed, 31 Jan 2024 | US$50.2b | US$35.9b | US$1.4b | 23x | 36.7x | 1.4x |
| Fri, 29 Dec 2023 | US$53.9b | US$35.9b | US$1.4b | 26.8x | 39.7x | 1.5x |
| Sun, 26 Nov 2023 | US$46.5b | US$35.9b | US$1.4b | 25.6x | 34.2x | 1.3x |
| Tue, 24 Oct 2023 | US$42.3b | US$37.1b | US$1.3b | 26.7x | 31.7x | 1.1x |
| Thu, 21 Sep 2023 | US$49.5b | US$37.1b | US$1.3b | 33.4x | 37.4x | 1.3x |
| Sat, 19 Aug 2023 | US$48.9b | US$36.6b | US$105.7m | 32.9x | 463.2x | 1.3x |
| Mon, 17 Jul 2023 | US$49.9b | US$35.0b | -US$1,135,770,119.00 | 32.4x | -43.9x | 1.4x |
| Wed, 14 Jun 2023 | US$49.6b | US$34.7b | -US$312,288,097.00 | 33.2x | -158.7x | 1.4x |
| Fri, 12 May 2023 | US$49.8b | US$34.5b | -US$256,756,617.00 | 17x | -193.9x | 1.4x |
| Sun, 09 Apr 2023 | US$51.9b | US$32.6b | -US$1,145,197,771.00 | 14.7x | -45.3x | 1.6x |
| Tue, 07 Mar 2023 | US$53.4b | US$32.7b | -US$1,154,066,210.00 | 26.5x | -46.3x | 1.6x |
| Thu, 02 Feb 2023 | US$57.1b | US$31.7b | US$53.4m | 29x | 1069.2x | 1.8x |
| Sat, 31 Dec 2022 | US$57.6b | US$31.7b | US$12.6m | 29.3x | 4560.6x | 1.8x |
| Mon, 28 Nov 2022 | US$60.5b | US$31.7b | US$15.1m | 34x | 4016.2x | 1.9x |
| Wed, 26 Oct 2022 | US$55.7b | US$28.8b | -US$698,409,184.00 | 16.7x | -79.8x | 1.9x |
| Fri, 23 Sep 2022 | US$60.2b | US$28.8b | -US$706,771,137.00 | 19.6x | -85.2x | 2.1x |
| Sun, 21 Aug 2022 | US$63.8b | US$28.8b | -US$706,851,807.00 | 19x | -90.3x | 2.2x |
| Tue, 19 Jul 2022 | US$54.0b | US$29.1b | US$49.9m | 68.5x | 1080.8x | 1.9x |
| Thu, 16 Jun 2022 | US$56.2b | US$29.3b | US$47.7m | 65.7x | 1176.3x | 1.9x |
| Sat, 14 May 2022 | US$52.6b | US$29.1b | -US$14,772,933.00 | 66.9x | -3561.7x | 1.8x |
| Mon, 11 Apr 2022 | US$61.6b | US$28.9b | -US$1,925,037,623.00 | 81.9x | -32x | 2.1x |
| Wed, 09 Mar 2022 | US$58.6b | US$28.8b | -US$1,946,181,057.00 | 82.8x | -30.1x | 2x |
| Fri, 04 Feb 2022 | US$72.1b | US$46.2b | -US$2,057,988,023.00 | 57.1x | -35x | 1.6x |
| Sun, 02 Jan 2022 | US$65.8b | US$27.7b | -US$1,742,133,140.00 | 69.5x | -37.8x | 2.4x |
| Tue, 30 Nov 2021 | US$60.6b | US$27.7b | -US$1,763,941,451.00 | 67.4x | -34.4x | 2.2x |
| Thu, 28 Oct 2021 | US$61.3b | US$27.6b | -US$1,818,055,550.00 | 93.1x | -33.7x | 2.2x |
| Sat, 25 Sep 2021 | US$56.7b | US$27.6b | -US$1,779,860,439.00 | 89x | -31.8x | 2.1x |
| Mon, 23 Aug 2021 | US$49.2b | US$26.9b | -US$1,697,974,060.67 | 65.9x | -28.9x | 1.8x |
| Sat, 10 Jul 2021 | US$50.5b | US$26.9b | -US$1,697,974,060.67 | 63.5x | -29.8x | 1.9x |
Price to Earnings Ratio
-31.4x
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 40.4x which is lower than its 3-year average PE of 419x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- Total earnings for the Renewable Energy 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 Trends
Which industries have driven the changes within the U.S. Utilities industry?
| US Market | 3.31% | |
| Utilities | 4.22% | |
| Renewable Energy | 6.62% | |
| Renewable Energy | 6.83% | |
| Independent Power Producers and Energy Traders | 6.53% | |
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 0.17x.
- Analysts are expecting annual earnings growth of 8.5% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 58% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 8.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VST Vistra | US$89.20 | 16.1% +US$4.3b | 253.7% | PE52x | |
| AES AES | US$19.37 | 6.6% +US$850.2m | -14.4% | PE26.6x | |
| CWEN.A Clearway Energy | US$23.07 | 6.7% +US$168.5m | -21.8% | PE34.2x | |
| ORA Ormat Technologies | US$68.49 | 4.2% +US$166.0m | -17.9% | PE33.2x | |
| RNW ReNew Energy Global | US$6.02 | 6.2% +US$120.8m | 15.1% | PE45.3x |
