U.S. Renewable Energy Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies44
- 7D2.3%
- 3M-19.2%
- 1Y-31.0%
- YTD-26.0%
In the last week, the Renewable Energy industry is up 2.3%, with AES up 6.8%. Meanwhile, Ormat Technologies actually underperformed within the industry, shrinking 5.7% in the last week. In contrast, the industry has lost 31% in the last 12 months. As for the next few years, earnings are expected to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | US$43.3b | US$37.2b | US$1.3b | 21x | 33x | 1.2x |
| Thu, 28 Sep 2023 | US$46.8b | US$37.1b | US$1.3b | 28.7x | 35.3x | 1.3x |
| Sat, 26 Aug 2023 | US$49.6b | US$37.1b | US$1.3b | 32.1x | 37.4x | 1.3x |
| Mon, 24 Jul 2023 | US$55.0b | US$35.0b | -US$1,135,958,754.00 | 34.4x | -48.4x | 1.6x |
| Wed, 21 Jun 2023 | US$49.4b | US$35.2b | -US$1,179,884,941.00 | 29.9x | -41.8x | 1.4x |
| Fri, 19 May 2023 | US$48.7b | US$34.6b | -US$355,311,255.00 | 27.6x | -137.2x | 1.4x |
| Sun, 16 Apr 2023 | US$52.5b | US$32.6b | -US$1,132,878,144.00 | 13.7x | -46.3x | 1.6x |
| Tue, 14 Mar 2023 | US$50.5b | US$32.7b | -US$1,153,142,329.00 | 24.2x | -43.8x | 1.5x |
| Thu, 09 Feb 2023 | US$56.1b | US$31.7b | US$55.5m | 28.2x | 1011x | 1.8x |
| Sat, 07 Jan 2023 | US$55.2b | US$31.7b | US$11.8m | 28.9x | 4673.1x | 1.7x |
| Mon, 05 Dec 2022 | US$59.7b | US$32.1b | -US$4,258,017,647.00 | 30.5x | -14x | 1.9x |
| Wed, 02 Nov 2022 | US$57.9b | US$28.9b | -US$671,002,096.00 | 15.5x | -86.3x | 2x |
| Fri, 30 Sep 2022 | US$54.6b | US$28.8b | -US$700,638,214.00 | 17.6x | -77.9x | 1.9x |
| Sun, 28 Aug 2022 | US$63.0b | US$28.8b | -US$706,877,864.00 | 19x | -89.1x | 2.2x |
| Tue, 26 Jul 2022 | US$54.3b | US$29.2b | US$342.9m | 23.7x | 158.2x | 1.9x |
| Thu, 23 Jun 2022 | US$53.5b | US$29.1b | US$45.3m | 59.7x | 1179.8x | 1.8x |
| Sat, 21 May 2022 | US$55.1b | US$29.1b | US$47.0m | 65.6x | 1172.6x | 1.9x |
| Mon, 18 Apr 2022 | US$59.0b | US$28.9b | -US$1,923,695,758.00 | 79.7x | -30.7x | 2x |
| Wed, 16 Mar 2022 | US$58.6b | US$28.8b | -US$1,947,812,926.00 | 96.7x | -30.1x | 2x |
| Fri, 11 Feb 2022 | US$56.2b | US$27.8b | -US$1,828,825,200.00 | 59x | -30.8x | 2x |
| Sun, 09 Jan 2022 | US$59.0b | US$27.8b | -US$1,754,051,652.00 | 66.6x | -33.6x | 2.1x |
| Tue, 07 Dec 2021 | US$60.7b | US$27.7b | -US$1,762,994,863.00 | 69.8x | -34.4x | 2.2x |
| Thu, 04 Nov 2021 | US$62.3b | US$27.6b | -US$1,782,313,055.00 | 97.8x | -34.9x | 2.3x |
| Sat, 02 Oct 2021 | US$55.5b | US$27.6b | -US$1,780,629,718.00 | 86.6x | -31.2x | 2x |
| Mon, 30 Aug 2021 | US$53.4b | US$27.6b | -US$1,804,835,587.65 | 61.9x | -29.6x | 1.9x |
| Tue, 06 Jul 2021 | US$50.5b | US$26.9b | -US$1,697,974,060.67 | 63.5x | -29.8x | 1.9x |
| Fri, 09 Apr 2021 | US$51.9b | US$26.2b | -US$1,504,692,284.46 | 58.4x | -34.5x | 2x |
| Thu, 31 Dec 2020 | US$50.0b | US$25.4b | US$432.1m | 59x | 115.8x | 2x |
Price to Earnings Ratio
95.8x
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 33.0x which is lower than its 3-year average PE of 426x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 46% per year over the last three years.
- Revenues for these companies have grown 13% 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 Market | -2.42% | |
| Utilities | 0.86% | |
| Renewable Energy | 2.31% | |
| Independent Power Producers and Energy Traders | 2.94% | |
| Renewable Energy | 1.47% | |
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.
- Analysts are expecting annual earnings growth of 9.5% 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 38% over the next 5 years.
- This is better than its past earnings decline of 64% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 9.5% 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 | |
|---|---|---|---|---|---|
| AES AES | US$14.75 | 5.4% +US$502.2m | -43.6% | PS0.8x | |
| VST Vistra | US$32.58 | 2.2% +US$253.6m | 41.8% | PE8.3x | |
| AY Atlantica Sustainable Infrastructure | US$17.76 | 5.9% +US$115.0m | -35.9% | PE136.2x | |
| CWEN.A Clearway Energy | US$20.23 | 2.0% +US$46.8m | -37.4% | PE28.9x | |
| NOVA Sunnova Energy International | US$8.63 | 0.3% +US$11.5m | -53.5% | PS1.5x |