20-quarter listed-company comparison

Utilities - Renewable Stocks

Utilities - Renewable: AXIA Energia SA owns the largest revenue base; Energy Vault Holdings, Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has Utilities - Renewable moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 38% ahead of S&P 500. Earnings across its companies fell 6% on average over the last four reported quarters.

FADING · −2 in 4w~Price up, without the fundamentals confirming1 of 12 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS — · 4/11 >200d (+0) · 1/12 lead (−2) · EPS 4/11↑

Utilities - Renewable, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 12 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Utilities - Renewable outperforming S&P 500?

Utilities - Renewable has outperformed S&P 500 by 25.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 15.1%. 2 of 11 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Enlight Renewable Energy Ltd is the strongest against the sector itself at +39.5%.

-15.1%Sector vs S&P 500 · 13 weeks

+25.7%Sector vs S&P 500 · 52 weeks

2/11Stocks leading S&P 500

1/11Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Utilities - Renewable has outperformed S&P 500 by 25.7% over 52 weeks and 15.1% over 13 weeks. 2 of 11 covered companies beat the S&P 500 on Mansfield relative strength, while 1 of 11 beat the sector itself. AXIA Energia SA leads with revenue of $43,580 million, based on 10 of 12 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$100.1B

AXIA Energia SA

Revenue growing

8/9

positive TTM year-on-year growth

Beating S&P 500

2/11

positive Mansfield relative strength

Comparing 5 of 12

03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

XPLR Infrastructure, LP has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 53.3% evidence confidence.

Enlight Renewable Energy Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1XPLR Infrastructure, LPXIFR	55.5/100Thin evidence · provisional53% evidence	ASLEEP	18.7/35 Revenue — · PAT — · OPM change 76.4 pp 32% evidence	9.3/25 ROCE 0.3% · OPM -6.2% 76% evidence	10.8/20 P/E 18.2× · PEG — 15% evidence	16.7/20 RS sector -0.2% · RS bench 0.7% · 1Y 19.1%6 of 12 weeks ahead 100% evidence
Exact sum: 18.7 + 9.3 + 10.8 + 16.7 = 55.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Enlight Renewable Energy LtdENLT	52.3/100Mixed-positive evidence71% evidence	ASLEEP	11.4/35 Revenue 34.8% · PAT -32.2% · OPM change -82.6 pp 83% evidence	16.6/25 ROCE 1.3% · OPM 55.1% 76% evidence	9.3/20 P/E 158.7× · PEG — 15% evidence	15.0/20 RS sector 39.5% · RS bench 36.3% · 1Y 280.1%8 of 12 weeks ahead 100% evidence
Exact sum: 11.4 + 16.6 + 9.3 + 15 = 52.3 · Decision use: Price leads the evidence: RS versus the benchmark is 36.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Brookfield Renewable Partners L.P.BEP	49.2/100Mixed-negative evidence61% evidence	ASLEEP	15.4/35 Revenue 6.3% · PAT — · OPM change -5.4 pp 62% evidence	9.8/25 ROCE -0.1% · OPM -4.6% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	14.0/20 RS sector -2.7% · RS bench -2.4% · 1Y 32.7%2 of 12 weeks ahead 100% evidence
Exact sum: 15.4 + 9.8 + 10 + 14 = 49.2 · Decision use: Price leads the evidence: RS versus the benchmark is -2.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4AXIA Energia SAAXIA	49.1/100Thin evidence · provisional54% evidence	ASLEEP	13.3/35 Revenue 4.1% · PAT -132.6% · OPM change — 45% evidence	14.6/25 ROCE 3.5% · OPM — 61% evidence	11.1/20 P/E 17.6× · PEG — 15% evidence	10.1/20 RS sector -10.9% · RS bench -10.4% · 1Y 28.5%0 of 12 weeks ahead 100% evidence
Exact sum: 13.3 + 14.6 + 11.1 + 10.1 = 49.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Clearway Energy, Inc.CWEN	46.5/100Mixed-negative evidence64% evidence	BASING	19.3/35 Revenue 5.6% · PAT — · OPM change 5.6 pp 62% evidence	9.8/25 ROCE 0.1% · OPM 5.6% 76% evidence	8.5/20 P/E 982.3× · PEG — 15% evidence	8.9/20 RS sector -19.1% · RS bench -18.7% · 1Y 5.2%0 of 12 weeks ahead 100% evidence
Exact sum: 19.3 + 9.8 + 8.5 + 8.9 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Ormat Technologies, Inc.ORA	45.0/100Mixed-negative evidence81% evidence	ASLEEP	18.1/35 Revenue 31.4% · PAT -10% · OPM change -1.6 pp 83% evidence	16.5/25 ROCE 1.3% · OPM 17.8% 76% evidence	4.6/20 P/E 54.3× · PEG 3.94 65% evidence	5.8/20 RS sector -19.7% · RS bench -19.3% · 1Y 15.5%4 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 16.5 + 4.6 + 5.8 = 45 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
7Brookfield Renewable CorporationBEPC	41.8/100Thin evidence · provisional54% evidence	BASING	13.7/35 Revenue -5.6% · PAT — · OPM change — 45% evidence	11.8/25 ROCE 0.4% · OPM — 61% evidence	10.4/20 P/E 24.4× · PEG — 15% evidence	5.9/20 RS sector -22.6% · RS bench -21.7% · 1Y -1.1%0 of 12 weeks ahead 100% evidence
Exact sum: 13.7 + 11.8 + 10.4 + 5.9 = 41.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Fluence Energy, Inc.FLNC	40.9/100Mixed-negative evidence64% evidence	FADING	21.1/35 Revenue 10.9% · PAT — · OPM change 2 pp 62% evidence	5.4/25 ROCE -4.3% · OPM -8.4% 76% evidence	8.9/20 P/E 174.7× · PEG — 15% evidence	5.5/20 RS sector -18% · RS bench -18.1% · 1Y 70.5%9 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 5.4 + 8.9 + 5.5 = 40.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Energy Vault Holdings, Inc.NRGV	36.1/100Mixed-negative evidence61% evidence	ASLEEP	20.2/35 Revenue 100% · PAT — · OPM change 134.2 pp 62% evidence	3.0/25 ROCE -13.6% · OPM -110.6% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	2.9/20 RS sector -21.2% · RS bench -21.4% · 1Y 124.8%6 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 3 + 10 + 2.9 = 36.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Ellomay Capital Ltd.ELLO	34.1/100Adverse evidence65% evidence	BASING	11.5/35 Revenue 4.9% · PAT -166.7% · OPM change -2.7 pp 83% evidence	7.5/25 ROCE -0.4% · OPM -31.1% 76% evidence	10.0/20 P/E 43.9× · PEG — 15% evidence	5.1/20 RS sector -21.9% · RS bench -21.3% · 1Y 7.5%0 of 12 weeks ahead 70% evidence
Exact sum: 11.5 + 7.5 + 10 + 5.1 = 34.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11SOLV Energy, Inc.MWH	43.1/100Thin evidence · provisional28% evidence	ASLEEP	15.4/35 Revenue — · PAT — · OPM change -3.4 pp 26% evidence	7.7/25 ROCE -1.3% · OPM -1.1% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	10.0/20 RS sector — · RS bench — · 1Y —4 of 12 weeks ahead 0% evidence
Exact sum: 15.4 + 7.7 + 10 + 10 = 43.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12XCF Global, Inc.SAFX	35.0/100Thin evidence · provisional38% evidence	BASING	14.7/35 Revenue — · PAT — · OPM change — 16% evidence	5.8/25 ROCE -13.2% · OPM — 61% evidence	11.5/20 P/E 0.7× · PEG — 15% evidence	3.0/20 RS sector -48.7% · RS bench -45.7% · 1Y -71.3%6 of 12 weeks ahead 70% evidence
Exact sum: 14.7 + 5.8 + 11.5 + 3 = 35 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 12 companies

04 · what price has already done

Market action

Enlight Renewable Energy Ltd has the strongest one-year price move in Utilities - Renewable at +280.1%. It also leads on Mansfield relative strength against the S&P 500 at +36.3%. 2 of 11 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

AXIA Energia SA has the highest Revenue among the 12 Utilities - Renewable companies compared here, at $43,580 million. Brookfield Renewable Partners L.P. is next at $6,341 million. Energy Vault Holdings, Inc. has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: AXIA Energia SA is the scale leader at $43,580 million, 587.3% ahead of Brookfield Renewable Partners L.P.. Energy Vault Holdings, Inc.'s growth is stored at the ≥100% scoring cap; the uncapped TTM change is 361.7% from a $217 million base, with 17 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAXIA Energia SA · $43,580 million

Gap587.3% versus #2 · Brookfield Renewable Partners L.P.

Persistence5/8 recent comparable periods

Coverage10/12 companies · 191 observations

Investor read: AXIA Energia SA is the scale benchmark; Energy Vault Holdings, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: AXIA Energia SA's growth falls below Energy Vault Holdings, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1AXIA Energia SA AXIA$43.6B

2Brookfield Renewable Partners L.P. BEP$6.3B

3Brookfield Renewable Corporation BEPC$3.7B

4Fluence Energy, Inc. FLNC$2.6B

5Clearway Energy, Inc. CWEN$1.5B

Revenue growthfastest growers

1Energy Vault Holdings, Inc. NRGV100%

2Enlight Renewable Energy Ltd ENLT35%

3Ormat Technologies, Inc. ORA31%

4Fluence Energy, Inc. FLNC11%

5Brookfield Renewable Partners L.P. BEP6.3%

Revenue · company comparison

10/12 level · 9/12 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
AXIA Energia SA AXIA	$12.7B	22%	Mar 2026
Brookfield Renewable Partners L.P. BEP	$1.5B	-4.2%	Mar 2026
Brookfield Renewable Corporation BEPC	$883M	-2.7%	Mar 2026
SOLV Energy, Inc. MWH	$677M	66%	Mar 2026
Fluence Energy, Inc. FLNC	$465M	7.6%	Mar 2026
Ormat Technologies, Inc. ORA	$404M	76%	Mar 2026
Clearway Energy, Inc. CWEN	$354M	19%	Mar 2026
XPLR Infrastructure, LP XIFR	$275M	-2.5%	Jun 2026
Enlight Renewable Energy Ltd ENLT	$156M	42%	Mar 2026
Energy Vault Holdings, Inc. NRGV	$22M	144%	Mar 2026
Ellomay Capital Ltd. ELLO	$9M	0.0%	Mar 2026
XCF Global, Inc. SAFX	$0M	—	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

AXIA Energia SA · AXIA

Sep 2021$9.2B

Dec 2021$-521M

Mar 2022—

Jun 2022$8.9B

Sep 2022$8.0B

Dec 2022$9.0B

Mar 2023$9.2B

Jun 2023$9.2B

Sep 2023$8.8B

Dec 2023$9.9B

Mar 2024$8.7B

Jun 2024$8.4B

Sep 2024$11.0B

Dec 2024$12.0B

Mar 2025$10.4B

Jun 2025$10.2B

Sep 2025$10.0B

Dec 2025$10.7B

Mar 2026$12.7B

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 2021$835M

Dec 2021$917M

Mar 2022$993M

Jun 2022$1.0B

Sep 2022$905M

Dec 2022$877M

Mar 2023$1.1B

Jun 2023$901M

Sep 2023$934M

Dec 2023$1.1B

Mar 2024$1.1B

Jun 2024$989M

Sep 2024$1.0B

Dec 2024$987M

Mar 2025$907M

Jun 2025$952M

Sep 2025$931M

Dec 2025$938M

Mar 2026$883M

Jun 2026—

Brookfield Renewable Partners L.P. · BEP

Sep 2021$966M

Dec 2021$1.1B

Mar 2022$1.1B

Jun 2022$1.3B

Sep 2022$1.1B

Dec 2022$1.2B

Mar 2023$1.3B

Jun 2023$1.2B

Sep 2023$1.2B

Dec 2023$1.3B

Mar 2024$1.5B

Jun 2024$1.5B

Sep 2024$1.5B

Dec 2024$1.4B

Mar 2025$1.6B

Jun 2025$1.7B

Sep 2025$1.6B

Dec 2025$1.5B

Mar 2026$1.5B

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021$351M

Dec 2021$318M

Mar 2022$214M

Jun 2022$368M

Sep 2022$340M

Dec 2022$268M

Mar 2023$288M

Jun 2023$406M

Sep 2023$371M

Dec 2023$249M

Mar 2024$263M

Jun 2024$366M

Sep 2024$486M

Dec 2024$256M

Mar 2025$298M

Jun 2025$392M

Sep 2025$429M

Dec 2025$310M

Mar 2026$354M

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 2021$13M

Dec 2021$12M

Mar 2022$12M

Jun 2022$17M

Sep 2022$16M

Dec 2022$8M

Mar 2023$12M

Jun 2023$13M

Sep 2023$15M

Dec 2023$8M

Mar 2024$8M

Jun 2024$11M

Sep 2024$12M

Dec 2024$9M

Mar 2025$9M

Jun 2025$11M

Sep 2025$13M

Dec 2025$10M

Mar 2026$9M

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021—

Dec 2021—

Mar 2022$43M

Jun 2022$1M

Sep 2022$2M

Dec 2022$100M

Mar 2023$11M

Jun 2023$40M

Sep 2023$172M

Dec 2023$118M

Mar 2024$8M

Jun 2024$4M

Sep 2024$1M

Dec 2024$33M

Mar 2025$9M

Jun 2025$9M

Sep 2025$33M

Dec 2025$153M

Mar 2026$22M

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 2021$23M

Dec 2021$34M

Mar 2022$35M

Jun 2022$40M

Sep 2022$56M

Dec 2022$70M

Mar 2023$71M

Jun 2023$53M

Sep 2023$58M

Dec 2023$74M

Mar 2024$90M

Jun 2024$85M

Sep 2024$109M

Dec 2024$93M

Mar 2025$110M

Jun 2025$116M

Sep 2025$139M

Dec 2025$124M

Mar 2026$156M

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021$188M

Dec 2021$175M

Mar 2022$343M

Jun 2022$239M

Sep 2022$442M

Dec 2022$310M

Mar 2023$698M

Jun 2023$536M

Sep 2023$673M

Dec 2023$364M

Mar 2024$623M

Jun 2024$483M

Sep 2024$1.2B

Dec 2024$187M

Mar 2025$432M

Jun 2025$603M

Sep 2025$1.0B

Dec 2025$475M

Mar 2026$465M

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 2021$159M

Dec 2021$191M

Mar 2022$184M

Jun 2022$169M

Sep 2022$176M

Dec 2022$205M

Mar 2023$185M

Jun 2023$195M

Sep 2023$208M

Dec 2023$241M

Mar 2024$224M

Jun 2024$213M

Sep 2024$212M

Dec 2024$231M

Mar 2025$230M

Jun 2025$234M

Sep 2025$250M

Dec 2025$276M

Mar 2026$404M

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024$441M

Mar 2025$408M

Jun 2025—

Sep 2025—

Dec 2025$794M

Mar 2026$677M

Jun 2026—

XCF Global, Inc. · SAFX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025$7M

Sep 2025$10M

Dec 2025$5M

Mar 2026$0M

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 2021$252M

Dec 2021—

Mar 2022$281M

Jun 2022$362M

Sep 2022$302M

Dec 2022$204M

Mar 2023$245M

Jun 2023$293M

Sep 2023$306M

Dec 2023—

Mar 2024$257M

Jun 2024$360M

Sep 2024$319M

Dec 2024—

Mar 2025$282M

Jun 2025$342M

Sep 2025$315M

Dec 2025—

Mar 2026$275M

Jun 2026—

Revenue growth · reported quarter history

AXIA Energia SA · AXIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202219%

Sep 2022-13%

Dec 2022—

Mar 2023—

Jun 20234.4%

Sep 20239.3%

Dec 202310%

Mar 2024-5.3%

Jun 2024-9.2%

Sep 202426%

Dec 202421%

Mar 202519%

Jun 202521%

Sep 2025-9.4%

Dec 2025-11%

Mar 202622%

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202222%

Sep 20228.4%

Dec 2022-4.4%

Mar 20237.4%

Jun 2023-10%

Sep 20233.2%

Dec 202322%

Mar 20245.5%

Jun 20249.8%

Sep 202411%

Dec 2024-7.4%

Mar 2025-19%

Jun 2025-3.7%

Sep 2025-11%

Dec 2025-5.0%

Mar 2026-2.7%

Jun 2026—

Brookfield Renewable Partners L.P. · BEP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202225%

Sep 202214%

Dec 20229.6%

Mar 202317%

Jun 2023-5.4%

Sep 20236.7%

Dec 202311%

Mar 202412%

Jun 202423%

Sep 202425%

Dec 20248.2%

Mar 20255.9%

Jun 202514%

Sep 20258.6%

Dec 20257.5%

Mar 2026-4.2%

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-3.2%

Sep 2022-3.1%

Dec 2022-16%

Mar 202335%

Jun 202310%

Sep 20239.1%

Dec 2023-7.1%

Mar 2024-8.7%

Jun 2024-9.9%

Sep 202431%

Dec 20242.8%

Mar 202513%

Jun 20257.1%

Sep 2025-12%

Dec 202521%

Mar 202619%

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202242%

Sep 202223%

Dec 2022-33%

Mar 20230.0%

Jun 2023-24%

Sep 2023-6.3%

Dec 20230.0%

Mar 2024-33%

Jun 2024-15%

Sep 2024-20%

Dec 202413%

Mar 202513%

Jun 20250.0%

Sep 20258.3%

Dec 202511%

Mar 20260.0%

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023-74%

Jun 20233,900%

Sep 20238,500%

Dec 202318%

Mar 2024-27%

Jun 2024-90%

Sep 2024-99%

Dec 2024-72%

Mar 202513%

Jun 2025125%

Sep 20253,200%

Dec 2025364%

Mar 2026144%

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202274%

Sep 2022143%

Dec 2022106%

Mar 2023103%

Jun 202333%

Sep 20233.6%

Dec 20235.7%

Mar 202427%

Jun 202460%

Sep 202488%

Dec 202426%

Mar 202522%

Jun 202536%

Sep 202528%

Dec 202533%

Mar 202642%

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-14%

Sep 2022135%

Dec 202277%

Mar 2023104%

Jun 2023124%

Sep 202352%

Dec 202317%

Mar 2024-11%

Jun 2024-9.9%

Sep 202482%

Dec 2024-49%

Mar 2025-31%

Jun 202525%

Sep 2025-15%

Dec 2025154%

Mar 20267.6%

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202215%

Sep 202211%

Dec 20227.3%

Mar 20230.5%

Jun 202315%

Sep 202318%

Dec 202318%

Mar 202421%

Jun 20249.2%

Sep 20241.9%

Dec 2024-4.2%

Mar 20252.7%

Jun 20259.9%

Sep 202518%

Dec 202519%

Mar 202676%

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202580%

Mar 202666%

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202243%

Sep 202220%

Dec 2022—

Mar 2023-13%

Jun 2023-19%

Sep 20231.3%

Dec 2023—

Mar 20244.9%

Jun 202423%

Sep 20244.3%

Dec 2024—

Mar 20259.7%

Jun 2025-5.0%

Sep 2025-1.3%

Dec 2025—

Mar 2026-2.5%

Jun 2026—

06 · compare level, then change

Operating Economics & Margin Trend

Enlight Renewable Energy Ltd has the highest OPM among the 12 Utilities - Renewable companies compared here, at 55.1%. Ormat Technologies, Inc. is next at 17.8%. Energy Vault Holdings, Inc. has the highest Margin change at +134.2 percentage points, so level and change sit with different companies. 9 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Enlight Renewable Energy Ltd leads opm at 55.1%; Energy Vault Holdings, Inc. leads margin change at +134.2 percentage points.

LeaderEnlight Renewable Energy Ltd · 55.1%

Gap209.6% versus #2 · Ormat Technologies, Inc.

Persistence3/8 recent comparable periods

Coverage9/12 companies · 150 observations

Investor read: Enlight Renewable Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Enlight Renewable Energy Ltd ENLT55%

2Ormat Technologies, Inc. ORA18%

3Clearway Energy, Inc. CWEN5.6%

4SOLV Energy, Inc. MWH-1.1%

5Brookfield Renewable Partners L.P. BEP-4.6%

Margin changefastest expanders

1Energy Vault Holdings, Inc. NRGV+134.2 pp

2XPLR Infrastructure, LP XIFR+76.4 pp

3Clearway Energy, Inc. CWEN+5.6 pp

4Fluence Energy, Inc. FLNC+2.0 pp

5Ormat Technologies, Inc. ORA−1.6 pp

Operating margin · company comparison

9/12 level · 9/12 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Enlight Renewable Energy Ltd ENLT	55%	−82.6 pp	Mar 2026
Ormat Technologies, Inc. ORA	18%	−1.6 pp	Mar 2026
Clearway Energy, Inc. CWEN	5.6%	+5.6 pp	Mar 2026
SOLV Energy, Inc. MWH	-1.1%	−3.4 pp	Mar 2026
Brookfield Renewable Partners L.P. BEP	-4.6%	−5.4 pp	Mar 2026
XPLR Infrastructure, LP XIFR	-6.2%	+76.4 pp	Jun 2026
Fluence Energy, Inc. FLNC	-8.4%	+2.0 pp	Mar 2026
Ellomay Capital Ltd. ELLO	-31%	−2.7 pp	Mar 2026
Energy Vault Holdings, Inc. NRGV	-111%	+134.2 pp	Mar 2026
XCF Global, Inc. SAFX	-405%	—	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Brookfield Renewable Partners L.P. · BEP

Sep 202118%

Dec 202118%

Mar 202223%

Jun 202235%

Sep 202224%

Dec 202224%

Mar 202329%

Jun 202327%

Sep 202316%

Dec 2023-4.9%

Mar 202420%

Jun 202418%

Sep 20249.3%

Dec 2024-23%

Mar 20250.8%

Jun 202516%

Sep 202512%

Dec 2025-54%

Mar 2026-4.6%

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 202125%

Dec 202119%

Mar 2022-25%

Jun 2022382%

Sep 202231%

Dec 20224.5%

Mar 202315%

Jun 202337%

Sep 202325%

Dec 2023-8.8%

Mar 2024-11%

Jun 202423%

Sep 202437%

Dec 2024-15%

Mar 20250.0%

Jun 202522%

Sep 202526%

Dec 2025-12%

Mar 20265.6%

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 202123%

Dec 2021-2.2%

Mar 2022-3.5%

Jun 202221%

Sep 202223%

Dec 2022-39%

Mar 2023-14%

Jun 202311%

Sep 202330%

Dec 2023-55%

Mar 2024-41%

Jun 2024-1.8%

Sep 20244.6%

Dec 2024-27%

Mar 2025-28%

Jun 2025-9.8%

Sep 20257.2%

Dec 2025-7.0%

Mar 2026-31%

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021—

Dec 2021—

Mar 202249%

Jun 2022—

Sep 2022—

Dec 2022-26%

Mar 2023-288%

Jun 2023-72%

Sep 2023-12%

Dec 2023-21%

Mar 2024-317%

Jun 2024-740%

Sep 2024—

Dec 2024-151%

Mar 2025-245%

Jun 2025-331%

Sep 2025-53%

Dec 2025-5.1%

Mar 2026-111%

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 202116%

Dec 202112%

Mar 202243%

Jun 202234%

Sep 202269%

Dec 202233%

Mar 202355%

Jun 202364%

Sep 202373%

Dec 202358%

Mar 202447%

Jun 202441%

Sep 202460%

Dec 202434%

Mar 2025138%

Jun 202550%

Sep 202551%

Dec 202543%

Mar 202655%

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021-47%

Dec 2021-63%

Mar 2022-18%

Jun 2022-26%

Sep 2022-12%

Dec 2022-16%

Mar 2023-5.2%

Jun 2023-7.2%

Sep 20231.8%

Dec 2023-8.2%

Mar 2024-2.5%

Jun 20240.9%

Sep 20245.5%

Dec 2024-29%

Mar 2025-10%

Jun 20250.7%

Sep 20254.6%

Dec 2025-13%

Mar 2026-8.4%

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 202122%

Dec 202129%

Mar 202225%

Jun 202223%

Sep 202222%

Dec 202215%

Mar 202329%

Jun 202312%

Sep 202318%

Dec 202322%

Mar 202424%

Jun 202417%

Sep 202411%

Dec 202420%

Mar 202519%

Jun 202511%

Sep 202514%

Dec 202512%

Mar 202618%

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20245.6%

Mar 20252.3%

Jun 2025—

Sep 2025—

Dec 20255.7%

Mar 2026-1.1%

Jun 2026—

XCF Global, Inc. · SAFX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-523%

Sep 2025-90%

Dec 2025-405%

Mar 2026—

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 202125%

Dec 2021—

Mar 202212%

Jun 202237%

Sep 202216%

Dec 2022-28%

Mar 2023-14%

Jun 20238.9%

Sep 202311%

Dec 2023—

Mar 2024-8.2%

Jun 202419%

Sep 202415%

Dec 2024—

Mar 2025-83%

Jun 202527%

Sep 20251.6%

Dec 2025—

Mar 2026-6.2%

Jun 2026—

Margin change · reported quarter history

Brookfield Renewable Partners L.P. · BEP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+17.1 pp

Sep 2022+5.6 pp

Dec 2022+6.3 pp

Mar 2023+6.2 pp

Jun 2023−8.0 pp

Sep 2023−8.2 pp

Dec 2023−29.0 pp

Mar 2024−9.3 pp

Jun 2024−9.1 pp

Sep 2024−6.4 pp

Dec 2024−18.4 pp

Mar 2025−19.2 pp

Jun 2025−2.2 pp

Sep 2025+2.4 pp

Dec 2025−30.2 pp

Mar 2026−5.4 pp

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+347.1 pp

Sep 2022+5.5 pp

Dec 2022−14.1 pp

Mar 2023+39.4 pp

Jun 2023−345.4 pp

Sep 2023−5.6 pp

Dec 2023−13.3 pp

Mar 2024−25.6 pp

Jun 2024−13.7 pp

Sep 2024+11.3 pp

Dec 2024−5.7 pp

Mar 2025+11.0 pp

Jun 2025−1.3 pp

Sep 2025−10.5 pp

Dec 2025+2.6 pp

Mar 2026+5.6 pp

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+4.3 pp

Sep 2022−0.1 pp

Dec 2022−37.2 pp

Mar 2023−10.2 pp

Jun 2023−10.1 pp

Sep 2023+6.5 pp

Dec 2023−15.8 pp

Mar 2024−27.7 pp

Jun 2024−12.6 pp

Sep 2024−24.9 pp

Dec 2024+28.2 pp

Mar 2025+13.0 pp

Jun 2025−8.0 pp

Sep 2025+2.6 pp

Dec 2025+20.0 pp

Mar 2026−2.7 pp

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−337.0 pp

Jun 2023+2,177.6 pp

Sep 2023+2,125.0 pp

Dec 2023+5.2 pp

Mar 2024−29.0 pp

Jun 2024−668.2 pp

Sep 2024−2,245.8 pp

Dec 2024−130.1 pp

Mar 2025+72.6 pp

Jun 2025+409.0 pp

Sep 2025+2,205.3 pp

Dec 2025+145.5 pp

Mar 2026+134.2 pp

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.4 pp

Sep 2022+53.1 pp

Dec 2022+20.3 pp

Mar 2023+12.0 pp

Jun 2023+29.3 pp

Sep 2023+3.9 pp

Dec 2023+25.5 pp

Mar 2024−7.6 pp

Jun 2024−22.5 pp

Sep 2024−13.1 pp

Dec 2024−23.8 pp

Mar 2025+90.3 pp

Jun 2025+8.4 pp

Sep 2025−9.5 pp

Dec 2025+8.7 pp

Mar 2026−82.6 pp

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−12.2 pp

Sep 2022+34.8 pp

Dec 2022+46.7 pp

Mar 2023+12.6 pp

Jun 2023+18.3 pp

Sep 2023+13.5 pp

Dec 2023+7.8 pp

Mar 2024+2.7 pp

Jun 2024+8.1 pp

Sep 2024+3.7 pp

Dec 2024−20.6 pp

Mar 2025−7.9 pp

Jun 2025−0.2 pp

Sep 2025−0.9 pp

Dec 2025+15.5 pp

Mar 2026+2.0 pp

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+3.3 pp

Sep 2022−0.2 pp

Dec 2022−13.6 pp

Mar 2023+4.2 pp

Jun 2023−10.4 pp

Sep 2023−4.0 pp

Dec 2023+6.9 pp

Mar 2024−5.2 pp

Jun 2024+4.1 pp

Sep 2024−7.2 pp

Dec 2024−2.4 pp

Mar 2025−4.1 pp

Jun 2025−5.1 pp

Sep 2025+2.8 pp

Dec 2025−7.2 pp

Mar 2026−1.6 pp

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025+0.1 pp

Mar 2026−3.4 pp

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+9.0 pp

Sep 2022−9.2 pp

Dec 2022—

Mar 2023−26.4 pp

Jun 2023−27.8 pp

Sep 2023−5.7 pp

Dec 2023—

Mar 2024+6.1 pp

Jun 2024+9.7 pp

Sep 2024+4.9 pp

Dec 2024—

Mar 2025−74.4 pp

Jun 2025+8.3 pp

Sep 2025−13.8 pp

Dec 2025—

Mar 2026+76.4 pp

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

Brookfield Renewable Partners L.P. has the highest Net profit among the 12 Utilities - Renewable companies compared here, at $525 million. Ormat Technologies, Inc. is next at $99 million. Ormat Technologies, Inc. has the highest Profit growth at -10%, so level and change sit with different companies. 10 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Brookfield Renewable Partners L.P. leads with $525 million of TTM profit, 430.3% above Ormat Technologies, Inc.. Ormat Technologies, Inc. shows -10% growth from a $99 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderBrookfield Renewable Partners L.P. · $525 million

Gap430.3% versus #2 · Ormat Technologies, Inc.

Persistence4/8 recent comparable periods

Coverage10/12 companies · 203 observations

Investor read: Brookfield Renewable Partners L.P. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Brookfield Renewable Partners L.P. BEP$525M

2Ormat Technologies, Inc. ORA$99M

3Enlight Renewable Energy Ltd ENLT$97M

4XCF Global, Inc. SAFX$74M

5Ellomay Capital Ltd. ELLO$-6M

Profit growthfastest growers

1Ormat Technologies, Inc. ORA-10%

2Enlight Renewable Energy Ltd ENLT-32%

3Ellomay Capital Ltd. ELLO-167%

Net profit · company comparison

10/12 level · 3/12 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
AXIA Energia SA AXIA	$2.6B	-147%	Mar 2026
Enlight Renewable Energy Ltd ENLT	$38M	-63%	Mar 2026
Ormat Technologies, Inc. ORA	$36M	2.9%	Mar 2026
Ellomay Capital Ltd. ELLO	$-13M	-317%	Mar 2026
XCF Global, Inc. SAFX	$-15M	—	Mar 2026
SOLV Energy, Inc. MWH	$-27M	250%	Mar 2026
Fluence Energy, Inc. FLNC	$-29M	-65%	Mar 2026
Energy Vault Holdings, Inc. NRGV	$-32M	-253%	Mar 2026
XPLR Infrastructure, LP XIFR	$-48M	-45%	Jun 2026
Clearway Energy, Inc. CWEN	$-68M	122%	Mar 2026
Brookfield Renewable Partners L.P. BEP	$-295M	261%	Mar 2026
Brookfield Renewable Corporation BEPC	$-2.2B	-193%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

AXIA Energia SA · AXIA

Sep 2021$990M

Dec 2021$12.2B

Mar 2022$2.6B

Jun 2022$502M

Sep 2022$0M

Dec 2022$-479M

Mar 2023$-1.1B

Jun 2023$1.6B

Sep 2023$1.5B

Dec 2023$893M

Mar 2024$331M

Jun 2024$540M

Sep 2024$15.8B

Dec 2024$9.3B

Mar 2025$-354M

Jun 2025$-1.3B

Sep 2025$-5.2B

Dec 2025$-4.4B

Mar 2026$2.6B

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 2021$214M

Dec 2021$130M

Mar 2022$-976M

Jun 2022$1.0B

Sep 2022$480M

Dec 2022$953M

Mar 2023$-1.1B

Jun 2023$291M

Sep 2023$1.3B

Dec 2023$-747M

Mar 2024$491M

Jun 2024$-342M

Sep 2024$-674M

Dec 2024$761M

Mar 2025$5M

Jun 2025$-1.4B

Sep 2025$-233M

Dec 2025$-706M

Mar 2026$-2.2B

Jun 2026—

Brookfield Renewable Partners L.P. · BEP

Sep 2021$-154M

Dec 2021$33M

Mar 2022$33M

Jun 2022$122M

Sep 2022$-77M

Dec 2022$60M

Mar 2023$177M

Jun 2023$151M

Sep 2023$24M

Dec 2023$264M

Mar 2024$-70M

Jun 2024$-88M

Sep 2024$-39M

Dec 2024$188M

Mar 2025$-108M

Jun 2025$100M

Sep 2025$42M

Dec 2025$678M

Mar 2026$-295M

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021$25M

Dec 2021$-56M

Mar 2022$-97M

Jun 2022$1.1B

Sep 2022$62M

Dec 2022$-54M

Mar 2023$-40M

Jun 2023$84M

Sep 2023$15M

Dec 2023$-73M

Mar 2024$-46M

Jun 2024$4M

Sep 2024$27M

Dec 2024$-48M

Mar 2025$-104M

Jun 2025$12M

Sep 2025$60M

Dec 2025$-199M

Mar 2026$-68M

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 2021$0M

Dec 2021$-16M

Mar 2022$-2M

Jun 2022$6M

Sep 2022$6M

Dec 2022$6M

Mar 2023$5M

Jun 2023$5M

Sep 2023$9M

Dec 2023$-8M

Mar 2024$-1M

Jun 2024$3M

Sep 2024$11M

Dec 2024$-11M

Mar 2025$6M

Jun 2025$-5M

Sep 2025$26M

Dec 2025$-14M

Mar 2026$-13M

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021$-6M

Dec 2021$15M

Mar 2022$-20M

Jun 2022$-6M

Sep 2022$-29M

Dec 2022$-23M

Mar 2023$-31M

Jun 2023$-26M

Sep 2023$-19M

Dec 2023$-22M

Mar 2024$-21M

Jun 2024$-26M

Sep 2024$-27M

Dec 2024$-62M

Mar 2025$-21M

Jun 2025$-35M

Sep 2025$-27M

Dec 2025$-21M

Mar 2026$-32M

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 2021$1M

Dec 2021$8M

Mar 2022$9M

Jun 2022$-1M

Sep 2022$19M

Dec 2022$13M

Mar 2023$33M

Jun 2023$22M

Sep 2023$26M

Dec 2023$16M

Mar 2024$24M

Jun 2024$9M

Sep 2024$24M

Dec 2024$8M

Mar 2025$102M

Jun 2025$6M

Sep 2025$32M

Dec 2025$21M

Mar 2026$38M

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021$-87M

Dec 2021$-111M

Mar 2022$-61M

Jun 2022$-61M

Sep 2022$-52M

Dec 2022$-37M

Mar 2023$-37M

Jun 2023$-35M

Sep 2023$5M

Dec 2023$-26M

Mar 2024$-13M

Jun 2024$1M

Sep 2024$68M

Dec 2024$-57M

Mar 2025$-42M

Jun 2025$7M

Sep 2025$24M

Dec 2025$-63M

Mar 2026$-29M

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 2021$20M

Dec 2021$27M

Mar 2022$23M

Jun 2022$15M

Sep 2022$20M

Dec 2022$23M

Mar 2023$33M

Jun 2023$25M

Sep 2023$36M

Dec 2023$40M

Mar 2024$40M

Jun 2024$24M

Sep 2024$12M

Dec 2024$39M

Mar 2025$35M

Jun 2025$20M

Sep 2025$18M

Dec 2025$25M

Mar 2026$36M

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024$10M

Mar 2025$-1M

Jun 2025—

Sep 2025—

Dec 2025$35M

Mar 2026$-27M

Jun 2026—

XCF Global, Inc. · SAFX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024$-4M

Jun 2024$-4M

Sep 2024$-3M

Dec 2024$-13M

Mar 2025$-6M

Jun 2025$112M

Sep 2025$-8M

Dec 2025$-15M

Mar 2026$-15M

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 2021$94M

Dec 2021$-87M

Mar 2022$-259M

Jun 2022$538M

Sep 2022$182M

Dec 2022$-28M

Mar 2023$-182M

Jun 2023$56M

Sep 2023$-106M

Dec 2023$-241M

Mar 2024$-31M

Jun 2024$58M

Sep 2024$-64M

Dec 2024$-409M

Mar 2025$-307M

Jun 2025$32M

Sep 2025$-61M

Dec 2025$-81M

Mar 2026$-48M

Jun 2026—

Profit growth · reported quarter history

AXIA Energia SA · AXIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-81%

Sep 2022-100%

Dec 2022-104%

Mar 2023-141%

Jun 2023222%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-67%

Sep 2024973%

Dec 2024947%

Mar 2025-207%

Jun 2025-345%

Sep 2025-133%

Dec 2025-147%

Mar 2026—

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202271%

Sep 2022124%

Dec 2022633%

Mar 2023—

Jun 2023-72%

Sep 2023179%

Dec 2023-178%

Mar 2024—

Jun 2024-218%

Sep 2024-150%

Dec 2024—

Mar 2025-99%

Jun 2025—

Sep 2025—

Dec 2025-193%

Mar 2026—

Jun 2026—

Brookfield Renewable Partners L.P. · BEP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202211%

Sep 2022—

Dec 202282%

Mar 2023436%

Jun 202324%

Sep 2023—

Dec 2023340%

Mar 2024-140%

Jun 2024-158%

Sep 2024-263%

Dec 2024-29%

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025261%

Mar 2026—

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20223,491%

Sep 2022148%

Dec 2022—

Mar 2023—

Jun 2023-93%

Sep 2023-76%

Dec 2023—

Mar 2024—

Jun 2024-95%

Sep 202480%

Dec 2024—

Mar 2025—

Jun 2025200%

Sep 2025122%

Dec 2025—

Mar 2026—

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023-17%

Sep 202350%

Dec 2023-233%

Mar 2024-120%

Jun 2024-40%

Sep 202422%

Dec 2024—

Mar 2025—

Jun 2025-267%

Sep 2025136%

Dec 2025—

Mar 2026-317%

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-135%

Sep 2022—

Dec 2022-253%

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-120%

Sep 20221,800%

Dec 202263%

Mar 2023267%

Jun 2023—

Sep 202337%

Dec 202323%

Mar 2024-27%

Jun 2024-59%

Sep 2024-7.7%

Dec 2024-50%

Mar 2025325%

Jun 2025-33%

Sep 202533%

Dec 2025163%

Mar 2026-63%

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20241,260%

Dec 2024—

Mar 2025—

Jun 2025600%

Sep 2025-65%

Dec 2025—

Mar 2026—

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.0%

Sep 20220.0%

Dec 2022-15%

Mar 202343%

Jun 202367%

Sep 202380%

Dec 202374%

Mar 202421%

Jun 2024-4.0%

Sep 2024-67%

Dec 2024-2.5%

Mar 2025-13%

Jun 2025-17%

Sep 202550%

Dec 2025-36%

Mar 20262.9%

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025250%

Mar 2026—

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202294%

Dec 2022—

Mar 2023—

Jun 2023-90%

Sep 2023-158%

Dec 2023—

Mar 2024—

Jun 20243.6%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-45%

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

08 · compare level, then change

Return On Capital Employed

AXIA Energia SA has the highest ROCE among the 12 Utilities - Renewable companies compared here, at 3.5%. Enlight Renewable Energy Ltd is next at 1.3%. Fluence Energy, Inc. has the highest ROCE change at +1.8 percentage points, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: AXIA Energia SA leads ROCE at 3.5%, 2.2 percentage points above Enlight Renewable Energy Ltd. Fluence Energy, Inc. has the strongest latest improvement at +1.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAXIA Energia SA · 3.5%

Gap169.2% versus #2 · Enlight Renewable Energy Ltd

Persistence4/8 recent comparable periods

Coverage12/12 companies · 202 observations

Investor read: AXIA Energia SA sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1AXIA Energia SA AXIA3.5%

2Enlight Renewable Energy Ltd ENLT1.3%

3Ormat Technologies, Inc. ORA1.3%

4Brookfield Renewable Corporation BEPC0.4%

5XPLR Infrastructure, LP XIFR0.3%

ROCE changefastest improvers

1Fluence Energy, Inc. FLNC+1.8 pp

2Ormat Technologies, Inc. ORA+0.4 pp

3Clearway Energy, Inc. CWEN+0.1 pp

4Ellomay Capital Ltd. ELLO0.0 pp

5Brookfield Renewable Partners L.P. BEP−0.1 pp

Return on capital · company comparison

12/12 level · 12/12 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
AXIA Energia SA AXIA	3.5%	−1.8 pp	Mar 2026
Enlight Renewable Energy Ltd ENLT	1.3%	−1.9 pp	Mar 2026
Ormat Technologies, Inc. ORA	1.3%	+0.4 pp	Mar 2026
Brookfield Renewable Corporation BEPC	0.4%	−0.7 pp	Mar 2026
XPLR Infrastructure, LP XIFR	0.3%	−0.2 pp	Jun 2026
Clearway Energy, Inc. CWEN	0.1%	+0.1 pp	Mar 2026
Brookfield Renewable Partners L.P. BEP	-0.1%	−0.1 pp	Mar 2026
Ellomay Capital Ltd. ELLO	-0.4%	0.0 pp	Mar 2026
SOLV Energy, Inc. MWH	-1.3%	−0.9 pp	Mar 2026
Fluence Energy, Inc. FLNC	-4.3%	+1.8 pp	Mar 2026
XCF Global, Inc. SAFX	-13%	−933.3 pp	Mar 2026
Energy Vault Holdings, Inc. NRGV	-14%	−1.6 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

AXIA Energia SA · AXIA

Sep 202112%

Dec 202112%

Mar 202212%

Jun 202210%

Sep 20224.8%

Dec 20223.4%

Mar 20233.8%

Jun 2023—

Sep 20232.5%

Dec 20233.1%

Mar 20242.7%

Jun 20243.6%

Sep 20246.6%

Dec 20245.3%

Mar 20255.3%

Jun 20254.5%

Sep 2025-1.0%

Dec 20252.4%

Mar 20263.5%

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 20213.2%

Dec 20212.9%

Mar 20223.5%

Jun 20223.8%

Sep 2022—

Dec 2022—

Mar 20233.8%

Jun 20233.2%

Sep 20230.0%

Dec 20230.0%

Mar 2024—

Jun 2024—

Sep 20240.6%

Dec 20241.3%

Mar 20251.1%

Jun 20251.5%

Sep 20250.7%

Dec 20250.1%

Mar 20260.4%

Jun 2026—

Brookfield Renewable Partners L.P. · BEP

Sep 20210.5%

Dec 20210.4%

Mar 20220.6%

Jun 20221.1%

Sep 20220.6%

Dec 20220.5%

Mar 20230.8%

Jun 20230.6%

Sep 20230.4%

Dec 2023-0.1%

Mar 20240.5%

Jun 20240.4%

Sep 20240.2%

Dec 2024-0.5%

Mar 20250.0%

Jun 20250.4%

Sep 20250.3%

Dec 2025-1.0%

Mar 2026-0.1%

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 20210.9%

Dec 20210.6%

Mar 2022-0.5%

Jun 202212%

Sep 20220.9%

Dec 20220.1%

Mar 20230.4%

Jun 20231.2%

Sep 20230.8%

Dec 2023-0.2%

Mar 2024-0.2%

Jun 20240.7%

Sep 20241.4%

Dec 2024-0.3%

Mar 20250.0%

Jun 20250.6%

Sep 20250.8%

Dec 2025-0.3%

Mar 20260.1%

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 20210.8%

Dec 2021-0.1%

Mar 2022-0.1%

Jun 20220.8%

Sep 20220.8%

Dec 2022-0.8%

Mar 2023-0.3%

Jun 20230.3%

Sep 20230.9%

Dec 2023-0.9%

Mar 2024-0.6%

Jun 20240.0%

Sep 20240.1%

Dec 2024-0.4%

Mar 2025-0.4%

Jun 2025-0.2%

Sep 20250.1%

Dec 2025-0.1%

Mar 2026-0.4%

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021-1.9%

Dec 2021-11%

Mar 20226.6%

Jun 2022-7.0%

Sep 2022-12%

Dec 2022-13%

Mar 2023-11%

Jun 2023-9.6%

Sep 2023-7.8%

Dec 2023-9.3%

Mar 2024-10%

Jun 2024-12%

Sep 2024-13%

Dec 2024-28%

Mar 2025-12%

Jun 2025-19%

Sep 2025-12%

Dec 2025-5.6%

Mar 2026-14%

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 20210.2%

Dec 20210.2%

Mar 20220.6%

Jun 20220.6%

Sep 20221.5%

Dec 20220.8%

Mar 20231.2%

Jun 20231.1%

Sep 20231.3%

Dec 20231.2%

Mar 20241.1%

Jun 20240.9%

Sep 20241.6%

Dec 20240.7%

Mar 20253.2%

Jun 20251.2%

Sep 20251.3%

Dec 20250.9%

Mar 20261.3%

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021258%

Dec 2021-28%

Mar 2022-17%

Jun 2022-17%

Sep 2022-18%

Dec 2022-7.1%

Mar 2023-5.5%

Jun 2023-6.0%

Sep 20232.0%

Dec 2023-5.0%

Mar 2024-2.7%

Jun 20240.8%

Sep 202411%

Dec 2024-7.1%

Mar 2025-6.1%

Jun 20250.5%

Sep 20255.8%

Dec 2025-6.7%

Mar 2026-4.3%

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 20211.0%

Dec 20211.5%

Mar 20221.2%

Jun 20221.0%

Sep 20221.0%

Dec 20220.8%

Mar 20231.3%

Jun 20230.5%

Sep 20230.9%

Dec 20231.2%

Mar 20241.1%

Jun 20240.7%

Sep 20240.5%

Dec 20240.9%

Mar 20250.9%

Jun 20250.5%

Sep 20250.7%

Dec 20250.6%

Mar 20261.3%

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.0%

Dec 20246.1%

Mar 2025—

Jun 2025—

Sep 20250.0%

Dec 20255.2%

Mar 2026-1.3%

Jun 2026—

XCF Global, Inc. · SAFX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0%

Dec 20220.0%

Mar 2023—

Jun 2023—

Sep 20230.0%

Dec 20230.0%

Mar 2024—

Jun 2024—

Sep 2024-1.6%

Dec 2024-4.7%

Mar 2025920%

Jun 2025-48%

Sep 2025-5.5%

Dec 2025-11%

Mar 2026-13%

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 20210.4%

Dec 20210.3%

Mar 20220.4%

Jun 20221.5%

Sep 20220.3%

Dec 2022-0.3%

Mar 2023-0.2%

Jun 20230.1%

Sep 20230.2%

Dec 2023-0.2%

Mar 2024-0.1%

Jun 20240.3%

Sep 20240.2%

Dec 2024-2.8%

Mar 2025-1.1%

Jun 20250.5%

Sep 20250.0%

Dec 2025-0.3%

Mar 2026-0.1%

Jun 20260.3%

ROCE change · reported quarter history

AXIA Energia SA · AXIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−7.0 pp

Dec 2022−8.7 pp

Mar 2023−7.8 pp

Jun 2023—

Sep 2023−2.3 pp

Dec 2023−0.3 pp

Mar 2024−1.1 pp

Jun 2024—

Sep 2024+4.1 pp

Dec 2024+2.2 pp

Mar 2025+2.6 pp

Jun 2025+0.9 pp

Sep 2025−7.6 pp

Dec 2025−2.9 pp

Mar 2026−1.8 pp

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023+0.3 pp

Jun 2023−0.6 pp

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+0.6 pp

Dec 2024+1.3 pp

Mar 2025—

Jun 2025—

Sep 2025+0.1 pp

Dec 2025−1.2 pp

Mar 2026−0.7 pp

Jun 2026—

Brookfield Renewable Partners L.P. · BEP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.1 pp

Dec 2022+0.1 pp

Mar 2023+0.2 pp

Jun 2023−0.5 pp

Sep 2023−0.2 pp

Dec 2023−0.6 pp

Mar 2024−0.3 pp

Jun 2024−0.2 pp

Sep 2024−0.2 pp

Dec 2024−0.4 pp

Mar 2025−0.5 pp

Jun 20250.0 pp

Sep 2025+0.1 pp

Dec 2025−0.5 pp

Mar 2026−0.1 pp

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 2022−0.5 pp

Mar 2023+0.9 pp

Jun 2023−11.0 pp

Sep 2023−0.1 pp

Dec 2023−0.3 pp

Mar 2024−0.6 pp

Jun 2024−0.5 pp

Sep 2024+0.6 pp

Dec 2024−0.1 pp

Mar 2025+0.2 pp

Jun 2025−0.1 pp

Sep 2025−0.6 pp

Dec 20250.0 pp

Mar 2026+0.1 pp

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 2022−0.7 pp

Mar 2023−0.2 pp

Jun 2023−0.5 pp

Sep 2023+0.1 pp

Dec 2023−0.1 pp

Mar 2024−0.3 pp

Jun 2024−0.3 pp

Sep 2024−0.8 pp

Dec 2024+0.5 pp

Mar 2025+0.2 pp

Jun 2025−0.2 pp

Sep 20250.0 pp

Dec 2025+0.3 pp

Mar 20260.0 pp

Jun 2026—

Energy Vault Holdings, Inc. · NRGV

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−10.3 pp

Dec 2022−1.7 pp

Mar 2023−17.3 pp

Jun 2023−2.6 pp

Sep 2023+4.4 pp

Dec 2023+3.3 pp

Mar 2024+0.5 pp

Jun 2024−2.8 pp

Sep 2024−5.0 pp

Dec 2024−18.9 pp

Mar 2025−1.8 pp

Jun 2025−6.1 pp

Sep 2025+1.1 pp

Dec 2025+22.6 pp

Mar 2026−1.6 pp

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.3 pp

Dec 2022+0.6 pp

Mar 2023+0.6 pp

Jun 2023+0.5 pp

Sep 2023−0.2 pp

Dec 2023+0.4 pp

Mar 2024−0.1 pp

Jun 2024−0.2 pp

Sep 2024+0.3 pp

Dec 2024−0.5 pp

Mar 2025+2.1 pp

Jun 2025+0.3 pp

Sep 2025−0.3 pp

Dec 2025+0.2 pp

Mar 2026−1.9 pp

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−275.3 pp

Dec 2022+21.0 pp

Mar 2023+11.3 pp

Jun 2023+10.6 pp

Sep 2023+19.8 pp

Dec 2023+2.1 pp

Mar 2024+2.8 pp

Jun 2024+6.8 pp

Sep 2024+8.6 pp

Dec 2024−2.1 pp

Mar 2025−3.4 pp

Jun 2025−0.3 pp

Sep 2025−4.8 pp

Dec 2025+0.4 pp

Mar 2026+1.8 pp

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 2022−0.7 pp

Mar 2023+0.1 pp

Jun 2023−0.5 pp

Sep 2023−0.1 pp

Dec 2023+0.4 pp

Mar 2024−0.2 pp

Jun 2024+0.2 pp

Sep 2024−0.4 pp

Dec 2024−0.3 pp

Mar 2025−0.2 pp

Jun 2025−0.2 pp

Sep 2025+0.2 pp

Dec 2025−0.3 pp

Mar 2026+0.4 pp

Jun 2026—

SOLV Energy, Inc. · MWH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.0 pp

Dec 2025−0.9 pp

Mar 2026—

Jun 2026—

XCF Global, Inc. · SAFX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20230.0 pp

Dec 20230.0 pp

Mar 2024—

Jun 2024—

Sep 2024−1.6 pp

Dec 2024−4.7 pp

Mar 2025—

Jun 2025—

Sep 2025−3.9 pp

Dec 2025−6.4 pp

Mar 2026−933.3 pp

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.1 pp

Dec 2022−0.6 pp

Mar 2023−0.6 pp

Jun 2023−1.4 pp

Sep 2023−0.1 pp

Dec 2023+0.1 pp

Mar 2024+0.1 pp

Jun 2024+0.2 pp

Sep 20240.0 pp

Dec 2024−2.6 pp

Mar 2025−1.0 pp

Jun 2025+0.2 pp

Sep 2025−0.2 pp

Dec 2025+2.5 pp

Mar 2026+1.0 pp

Jun 2026−0.2 pp

09 · compare level, then change

Valuation Against Growth & Quality

Ormat Technologies, Inc. has the lowest PEG among the 12 Utilities - Renewable companies compared here, at 3.94×. XCF Global, Inc. has the lowest P/E at 0.72×, so level and change sit with different companies. 1 of 12 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 6 reported observations across the 20-quarter window.

What the numbers say: Ormat Technologies, Inc. has the lowest comparable PEG at 3.94×. Only 1 of 12 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderOrmat Technologies, Inc. · 3.94×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/12 companies · 10 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Ormat Technologies, Inc. ORA3.9

P/Elowest P/E

1XCF Global, Inc. SAFX0.7

2AXIA Energia SA AXIA17.6

3XPLR Infrastructure, LP XIFR18.2

4Brookfield Renewable Corporation BEPC24.4

5Ellomay Capital Ltd. ELLO43.9

Valuation · company comparison

1/12 level · 9/12 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Clearway Energy, Inc. CWEN	5.9	982.3	Mar 2026
Ormat Technologies, Inc. ORA	3.9	54.3	Mar 2026
AXIA Energia SA AXIA	0.6	17.6	Mar 2026
Brookfield Renewable Corporation BEPC	0.3	24.4	Mar 2026
Enlight Renewable Energy Ltd ENLT	—	158.7	Mar 2026
Fluence Energy, Inc. FLNC	—	174.7	Mar 2026
XPLR Infrastructure, LP XIFR	—	18.2	Jun 2026
Ellomay Capital Ltd. ELLO	—	43.9	Mar 2026
XCF Global, Inc. SAFX	—	0.7	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

AXIA Energia SA · AXIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20241.7

Jun 20240.6

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20230.3

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20245.9

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20233.8

Jun 20231.4

Sep 20230.7

Dec 2023—

Mar 2024—

Jun 20240.8

Sep 20245.1

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20253.9

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

AXIA Energia SA · AXIA

Sep 202113.6

Dec 202116.8

Mar 202214.1

Jun 202218.1

Sep 2022—

Dec 2022—

Mar 202354.8

Jun 2023—

Sep 202355.7

Dec 202332.1

Mar 202433.3

Jun 202417.8

Sep 20248.7

Dec 20247.5

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202522.0

Mar 202617.6

Jun 2026—

Brookfield Renewable Corporation · BEPC

Sep 2021-20.1

Dec 202114.1

Mar 2022—

Jun 202231.1

Sep 2022—

Dec 20223.2

Mar 2023—

Jun 202317.7

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202424.4

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Clearway Energy, Inc. · CWEN

Sep 2021100.9

Dec 202181.9

Mar 2022280.9

Jun 20227.4

Sep 20226.6

Dec 20226.4

Mar 20235.9

Jun 202340.2

Sep 202346.0

Dec 202340.9

Mar 202435.5

Jun 202432.9

Sep 202429.8

Dec 202434.7

Mar 202540.4

Jun 202553.3

Sep 202512.3

Dec 202523.3

Mar 2026982.3

Jun 2026—

Ellomay Capital Ltd. · ELLO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202316.7

Jun 202325.8

Sep 202313.8

Dec 202379.5

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202543.9

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Enlight Renewable Energy Ltd · ENLT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202342.3

Jun 202334.5

Sep 202331.4

Dec 202333.6

Mar 202442.3

Jun 202447.5

Sep 202451.2

Dec 202447.9

Mar 202516.7

Jun 202524.7

Sep 202532.5

Dec 202545.5

Mar 2026158.7

Jun 2026—

Fluence Energy, Inc. · FLNC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024174.7

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Ormat Technologies, Inc. · ORA

Sep 202157.9

Dec 202172.1

Mar 202270.5

Jun 202269.3

Sep 202272.4

Dec 202273.9

Mar 202362.8

Jun 202351.9

Sep 202338.4

Dec 202336.4

Mar 202429.8

Jun 202432.7

Sep 202439.3

Dec 202433.2

Mar 202534.4

Jun 202539.0

Sep 202544.2

Dec 202554.7

Mar 202654.3

Jun 2026—

XCF Global, Inc. · SAFX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20251.7

Sep 20252.5

Dec 20250.5

Mar 20260.7

Jun 2026—

XPLR Infrastructure, LP · XIFR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20269.7

Jun 202618.2

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Utilities - Renewable comparison names 5 specific ways its own evidence can mislead, all listed below. All 12 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Thin comparisons: Valuation have fewer than three usable current readings.

11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 12 Utilities - Renewable companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

12 · questions investors ask, short speakable answers

Utilities - Renewable company comparison FAQs

These 22 answers restate the Utilities - Renewable comparison above in question form. Every one is computed from the same 12 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Utilities - Renewable sector outperforming S&P 500?

Which Utilities - Renewable company is largest by revenue?

AXIA Energia SA leads with revenue of $43,580 million, based on 10 of 12 comparable companies through Mar 2026.

Which Utilities - Renewable company is growing fastest?

Energy Vault Holdings, Inc. has the fastest current revenue growth at 100%, across 9 of 12 comparable companies.

Which Utilities - Renewable company has the strongest 4-Factor Sector Score?

XPLR Infrastructure, LP ranks first at 55.5/100 with 53.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Utilities - Renewable company has the lowest comparable PEG?

Ormat Technologies, Inc. has the lowest comparable PEG at 3.94, among 1 of 12 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Utilities - Renewable comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Utilities - Renewable company is the biggest?

AXIA Energia SA is the largest, with trailing-twelve-month revenue of $43,580 million, ahead of Brookfield Renewable Partners L.P. at $6,341 million. That covers 10 of 12 companies with comparable reporting through Mar 2026.

Which Utilities - Renewable company has the best profit margins?

Enlight Renewable Energy Ltd has the highest operating margin at 55.1%, from 9 of 12 comparable companies. Energy Vault Holdings, Inc. shows the biggest recent improvement, at +134.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Utilities - Renewable company makes the most profit?

Brookfield Renewable Partners L.P. earns the most, at $525 million of trailing-twelve-month net profit, from 10 of 12 comparable companies. Ormat Technologies, Inc. has the fastest profit growth at -10%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Utilities - Renewable company earns the highest return on capital?

AXIA Energia SA leads on return on capital employed at 3.5%, across 12 of 12 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Utilities - Renewable stock is the cheapest?

On PEG — where a LOWER number is cheaper — Ormat Technologies, Inc. screens cheapest at 3.94×. Only 1 of 12 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Utilities - Renewable sector beating the market?

Utilities - Renewable has outperformed S&P 500 by 25.7% over the last 52 weeks and 15.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 11 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Utilities - Renewable stock has the strongest price momentum?

Enlight Renewable Energy Ltd has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Utilities - Renewable company scores highest for research priority?

XPLR Infrastructure, LP scores 55.5 out of 100 with 53.3% evidence confidence, from 18.7 points on growth and earnings, 9.3 on capital efficiency, 10.8 on valuation and 16.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Utilities - Renewable companies does this comparison cover, and over what period?

It compares 12 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Utilities - Renewable sector?

The 12 Utilities - Renewable companies on this page carry $100,106 million of combined market value. AXIA Energia SA is the largest at $29,750 million, about 30% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Utilities - Renewable sector's P/E ratio?

The median price-to-earnings ratio across the 12 Utilities - Renewable companies on this page is 43.9×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

How is the Utilities - Renewable sector performing?

2 of the 11 covered Utilities - Renewable companies are beating S&P 500 on Mansfield relative strength. The sector itself is 25.7% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Utilities - Renewable stocks are listed in the US?

This comparison covers 12 listed Utilities - Renewable companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.