U.S. Renewable Energy Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies28
- 7D6.8%
- 3M-3.5%
- 1Y-28.7%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has risen 6.8%, driven by gains in Ormat Technologies and Atlantica Sustainable Infrastructure of 6.6% and 9.4%, respectively. In the same time, Spruce Power Holding was down 7.9%. In the past year, the industry is down 29%. Looking forward, earnings are forecast to grow by 29% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | US$18.6b | US$6.8b | -US$343,894,737.26 | 41.8x | -54.1x | 2.7x |
| Fri, 05 Apr 2024 | US$55.5b | US$40.2b | -US$922,755,851.11 | 41.3x | -60.2x | 1.4x |
| Sun, 03 Mar 2024 | US$18.5b | US$6.7b | -US$393,131,722.70 | 31.9x | -47.2x | 2.8x |
| Tue, 30 Jan 2024 | US$20.2b | US$6.8b | US$107.4m | 41.2x | 188.4x | 3x |
| Thu, 28 Dec 2023 | US$23.6b | US$6.8b | US$98.6m | 46.9x | 239.1x | 3.5x |
| Sat, 25 Nov 2023 | US$19.4b | US$6.8b | US$102.0m | 40.8x | 190.6x | 2.9x |
| Mon, 23 Oct 2023 | US$18.3b | US$6.5b | -US$58,341,462.00 | 36.8x | -313x | 2.8x |
| Wed, 20 Sep 2023 | US$23.3b | US$6.5b | -US$70,792,575.00 | 41.9x | -329.6x | 3.6x |
| Fri, 18 Aug 2023 | US$23.0b | US$6.5b | -US$107,823,991.00 | 42.2x | -213.8x | 3.5x |
| Sun, 16 Jul 2023 | US$25.6b | US$6.4b | US$633.2m | 32.4x | 40.4x | 4x |
| Tue, 13 Jun 2023 | US$26.1b | US$6.6b | US$590.9m | 32.5x | 44.1x | 3.9x |
| Thu, 11 May 2023 | US$25.7b | US$6.5b | US$648.7m | 17.1x | 39.6x | 4x |
| Sat, 08 Apr 2023 | US$26.4b | US$6.3b | US$777.8m | 14.7x | 33.9x | 4.2x |
| Mon, 06 Mar 2023 | US$27.3b | US$6.3b | US$768.8m | 26.8x | 35.5x | 4.3x |
| Wed, 01 Feb 2023 | US$29.9b | US$6.2b | US$716.5m | 29.1x | 41.8x | 4.8x |
| Fri, 30 Dec 2022 | US$28.7b | US$6.2b | US$677.1m | 29.2x | 42.4x | 4.6x |
| Sun, 27 Nov 2022 | US$31.8b | US$6.2b | US$678.1m | 34x | 46.9x | 5.1x |
| Tue, 25 Oct 2022 | US$28.6b | US$6.0b | US$669.4m | 15.6x | 42.7x | 4.8x |
| Thu, 22 Sep 2022 | US$34.1b | US$6.0b | US$656.8m | 19.7x | 52x | 5.6x |
| Sat, 20 Aug 2022 | US$28.5b | US$4.8b | US$109.1m | 19x | 261.3x | 5.9x |
| Mon, 18 Jul 2022 | US$23.9b | US$4.5b | -US$241,070,704.00 | 68.5x | -99x | 5.3x |
| Wed, 15 Jun 2022 | US$25.1b | US$4.5b | -US$245,786,853.00 | 63.8x | -102x | 5.6x |
| Fri, 13 May 2022 | US$21.5b | US$4.4b | -US$306,651,215.00 | 67.6x | -70x | 4.8x |
| Sun, 10 Apr 2022 | US$27.5b | US$4.4b | -US$268,037,623.00 | 77.5x | -102.6x | 6.2x |
| Tue, 08 Mar 2022 | US$26.1b | US$4.3b | -US$289,500,940.00 | 65.8x | -90.2x | 6x |
| Thu, 03 Feb 2022 | US$24.2b | US$4.3b | -US$371,546,460.00 | 58.1x | -65.1x | 5.6x |
| Sat, 01 Jan 2022 | US$28.0b | US$4.3b | -US$330,584,777.00 | 69.5x | -84.6x | 6.5x |
| Mon, 29 Nov 2021 | US$27.4b | US$4.2b | -US$306,192,866.00 | 67.1x | -89.5x | 6.5x |
| Wed, 27 Oct 2021 | US$27.7b | US$4.1b | -US$131,150,663.00 | 61.6x | -211.2x | 6.8x |
| Fri, 24 Sep 2021 | US$22.4b | US$3.4b | US$13.0m | 59.5x | 1723.4x | 6.6x |
| Sun, 22 Aug 2021 | US$20.4b | US$3.4b | -US$10,186,490.67 | 58.2x | -2005.2x | 6x |
| Fri, 09 Jul 2021 | US$21.2b | US$3.4b | -US$10,186,490.67 | 60.2x | -2077.3x | 6.2x |
Price to Earnings Ratio
129.2x
Current Industry PE
- Investors are pessimistic on the American Renewable Electricity industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 28% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does U.S. Renewable Energy compare with similar industries?
| US Market | 3.31% | |
| Utilities | 4.22% | |
| Renewable Energy | 6.62% | |
| Renewable Energy | 6.83% | |
| Independent Power Producers and Energy Traders | 6.53% | |
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 | |
|---|---|---|---|---|---|
| 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 | |
| AMPS Altus Power | US$4.48 | 16.1% +US$99.1m | -4.7% | PS4.6x | |
| AY Atlantica Sustainable Infrastructure | US$21.66 | 3.5% +US$86.0m | -17.0% | PE51.4x |
