Top Canadian Cleantech Stocks

Interested in the top Canadian cleantech stocks? Here are the five biggest gainers of the year on the TSX and TSXV.

Click here to read the latest top Canadian cleantech stocks article.

With 2021 now in full swing, investment in renewable energy and clean technology looks strong despite setbacks due to the unexpected COVID-19 pandemic.

Analysts expect a few key trends to dominate the global cleantech sector in 2021, such as offshore wind energy, electric vehicles (EVs), EV infrastructure and clean energy commercial long-haul transportation solutions, such as hydrogen and energy storage installations.

Moving into the second half of the year, here’s a look at the top Canadian cleantech stocks on the TSX and TSXV so far in 2021. All companies listed had market caps of at least C$10 million as of July 12, 2021. Numbers and figures were current at that time, with data gathered using TradingView’s stock screener.

1. Thermal Energy International (TSXV:TMG)

Year-to-date gain: 86.36 percent; current share price: C$0.21

Thermal Energy International is a global cleantech company with a fully accredited professional engineering firm and a portfolio of proprietary and proven energy-efficiency and emission-reduction technologies for the industrial and institutional sectors. The company designs, builds and supplies clean technologies that are able to capture up to 80 percent of wasted energy from boiler plant and steam system operations, and cost-effectively recycle the energy back into these processes. Its customers include many Fortune 500 and multinational companies across a wide range of industries.

In mid-March, the company was commissioned to design and implement an extensive US$1.18 million heat-recovery project with a major US dairy group. In the year ended May 31, 2021, order intake for Thermal Energy’s proprietary GEM steam trap technology hit a record high, coming in at more than 25 percent over each of the last two years. Orders for the company’s HeatSponge products also hit a record, clocking in at 28 percent ahead of the previous year and 47 percent more than two years before. The cleantech stock hit C$0.29 on April 9, its highest point so far in 2021.

2. Solarvest BioEnergy (TSXV:SVS)

Year-to-date gain: 76.32 percent; current share price: C$0.34

Solarvest BioEnergy is a research and development company with a proprietary advanced micro-algae technology platform. It has a portfolio of diverse applications based on this platform, including Omega-3 fatty acids for the global nutraceutical market and the biological production of clean energy hydrogen.

Solarvest’s patented process is able to harvest solar energy and induce algae’s natural enzymes to break water down into oxygen and hydrogen to create a clean-burning fuel. In early April, news of Solarvest’s partnership with the Scoular Company helped drive the company’s share price to its highest point so far in 2021 — C$0.56 on April 9. Together, the duo will develop commercial production of Omega-3 fatty acids based on Solarvest’s algae technology platform.

3. Eguana Technologies (TSXV:EGT)

Year-to-date gain: 65.64 percent; current share price: C$0.35

Eguana Technologies offers a complete line of proprietary utility-interactive energy storage systems for residential and commercial fuel cell, photovoltaic and battery applications in Asia, Australia, Canada, Europe and the US. The company provides for residential and small commercial applications.

In late January, Eguana released its 2020 financial statement, showing that revenue increased year-over-year by 132 percent to C$7.9 million. The company went on to raise C$20 million in a private placement completed in late February. Shares reached their highest point in 2021 on February 17 at C$0.61.

4. Spark Power Group (TSXV:SPG)

Year-to-date gain: 51.03 percent; current share price: C$2.18

Spark Power Group provides end-to-end electrical contracting, operations and maintenance services to the industrial, commercial, utility and renewable asset markets in North America. The top Canadian cleantech stock also offers energy sustainability solutions to those same markets.

Spark Power started off the year with the launch of its first EV fleet, and later in the spring announced the continued expansion of its operational footprint in the US with the opening of new branches in Minnesota, North Carolina, New York and Texas. In May, Spark Power launched energy-efficiency services for small- to medium-sized manufacturers in the commercial and industrial space in both Canada and the US. Heading into the summer, the company completed a C$5.6 million private placement and announced a partnership with GP JOULE, a global renewable energy company, on the construction of three new solar power projects in Western Canada.

The highest point for the cleantech stock so far in 2021 was C$2.89, which it reached on January 28.

5. Sparta Capital (TSXV:SAY)

Year-to-date gain: 37.5 percent; current share price: C$0.06

Sparta Capital manufactures and distributes energy-saving technologies and provides green energy services to commercial sectors. It has three business segments: capturing lost waste energy; converting existing waste for other uses and into new consumable forms; and optimizing energy efficiencies.

The top Canadian cleantech stock pivoted toward joining the fight against COVID-19 earlier in the year, helping push its share price to its highest point so far in 2021, reaching C$0.32 on March 1. In late February, Sparta announced that its COVID-19 Safety System had been authorized by Health Canada and could begin to offer “the Canadian trucking industry, as well as individuals in other business sectors, both antibody and antigen rapid tests as they endeavor to maintain a healthy workforce.”

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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Facedrive Inc. is pleased to announce that SRCO Professional Corporation, Chartered Professional Accountants, has been appointed as the Company's new auditor effective November 8 2021.  In accordance with section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations the Company will file today on SEDAR a change of auditor reporting package.  This reporting package will provide information about the ...

Facedrive Inc. (" Facedrive " or the " Company ") (TSXV: FD) (OTCQX: FDVRF) is pleased to announce that SRCO Professional Corporation, Chartered Professional Accountants, has been appointed as the Company's new auditor effective November 8 2021.  In accordance with section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations the Company will file today on SEDAR a change of auditor reporting package.  This reporting package will provide information about the resignation of the Company's predecessor auditor, Deloitte LLP (" Deloitte "), as was described the Company's press release and filings dated Oct. 6, 2021 (available at www.sedar.com ), and the appointment of SRCO as the Company's successor auditor.

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The following issues have been halted by IIROC: Company: Facedrive Inc. TSX-Venture Symbol: FD All Issues: No Reason: Single Stock Circuit Breaker Halt Time : 10:17:18 AM IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees ...

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Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.

Top Stories This Week: Powell Gets Fed Nomination, Using Gold in a Market Correction youtu.be

We're back after a break last week with quite a bit to cover in the gold space.

After running up past the US$1,860 per ounce mark midway through November, the yellow metal has taken a tumble. At the time of this writing on Friday (November 26) afternoon, it was sitting just under US$1,790.

Gold's losses this week have been attributed to elements like a stronger US dollar and better Treasury yields, although Jerome Powell's US Federal Reserve chair renomination has pulled other factors into play — some market watchers believe he may move to taper and raise interest rates faster than anticipated.


If the Fed follows its previously laid out timeline for tapering, it will wrap up in mid-2022; the central bank has said it won't raise rates until after that. It has also emphasized that its roadmap may change if necessary.

Looking at the larger picture for gold, I heard recently from Nick Barisheff of BMG Group, who believes the stock market is due for a major correction.

"The market is due for a major correction. What will cause it and when it will happen is anybody's guess — it could be tomorrow, it could be six months from now" — Nick Barisheff, BMG Group

It's impossible to know when this correction will happen, but Nick emphasized the importance of acting before it's too late. He pointed out that investors are typically slow to get out of the market once a crash actually begins — they wait for a turnaround, and by the time it's clear there won't be one, they've experienced big losses.

In his opinion, the solution is to get out of the stock market early and transfer money into gold.

Here's how Nick explained it:

"Instead of taking your money off the table and going into cash … you go to gold (because cash is devaluing daily). Gold will at least hold its own and probably appreciate … so by sitting it out in gold you can wait until the market finishes correcting and then buy back in" — Nick Barisheff, BMG Group

With gold's future in mind, we asked our Twitter followers this week what price they think the metal will be at the end of 2021. By the time the poll closed, most respondents had voted for the US$1,800 to US$1,900 range.

We'll be asking another question on Twitter next week, so make sure to follow us @INN_Resource or follow me @Charlotte_McL to share your thoughts.

Finally, in the cannabis space, INN's Bryan Mc Govern spoke with Dan Ahrens of AdvisorShares to get his thoughts on 2021 trends and what's ahead in 2022.

Dan was candid, and said if he had to choose one word to describe the cannabis market in 2021, it would be "painful." Like many others, he's been disappointed in the industry's performance — while positivity initially ran high due to excitement about potential federal changes in the US, ultimately progress has been slow.

"Cannabis started with a big run-up in January and February ... and things dragged from there" — Dan Ahrens, AdvisorShares

Still, Dan has hope for 2022 and said it will be a "huge year" for cannabis. He believes US reforms will come sooner rather than later, and in his opinion those widely anticipated changes will bring a wave of M&A activity.

Specifically, he expects to see alcohol, tobacco and other consumer packaged goods companies making deals with cannabis players, not just cannabis entities doing transactions with each other.

"Those big alcohol companies, tobacco companies, other consumer packaged goods product companies — they're waiting. They're waiting on the US" — Dan Ahrens, AdvisorShares

Want more YouTube content? Check out our YouTube playlist At Home With INN, which features interviews with experts in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.

And don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

cannabis plant layered with German flag graphic
Dmytro Tyshchenko / Shutterstock

Catch up on some of the biggest news of the week for the cannabis investment world.

Three political parties have formed a coalition in Germany, leading to a new government, and it has promised cannabis reform in the European nation.

Meanwhile, a popular cannabis retailer confirmed consumers will now find its products available for delivery on the Uber Eats mobile application in Ontario.

Keep reading to find out more cannabis highlights from the past five days.


Coalition of parties promises forward-looking cannabis policy

Germany, a country with comprehensive and elaborate medicinal rules for cannabis, is in a time of transition as a new government is set to begin to take over after 16 years of Angela Merkel.

Olaf Scholz, the proposed next chancellor of Germany, leads a three party coalition that will become the country's governing body. As part of its promises, talk of adult-use cannabis regulation has now gained even more momentum. A report from MJBizDaily quotes a German policy document that shows the coalition's stance:

"We are introducing the controlled distribution of cannabis to adults for consumption purposes in licensed shops. This controls the quality, prevents the transfer of contaminated substances and guarantees the protection of minors."

However, despite the promise and excitement, it remains to be seen how these ideas will be applied since no formal regulations have been drafted or approved yet.

Canadian cannabis retailer partners with popular delivery app

Tokyo Smoke, a cannabis retail operator in Canada owned by Canopy Growth (NASDAQ:CGC,TSX:WEED), announced a collaboration agreement with Uber Canada (NYSE:UBER) whereby cannabis consumers will be able to use the Uber Eats app to order products before they visit stores.

While the app won't let consumers get cannabis delivered to them, this new method opens the doors to more dynamic ways of buying cannabis.

"As a market leader in innovation and a platform used by so many Canadians, we believe this is the ideal next offering that can be done safely and conveniently on the Uber Eats app," Mark Hillard, vice president of operations with Tokyo Smoke, said in a press release.

A report from the Canadian Press indicates Ontario is considering allowing dispensaries to have delivery and pickup options made available to consumers permanently. The province allowed some of these purchasing options at the outset of the COVID-19 pandemic, but then removed them.

Lola Kassim, general manager of Uber Eats Canada, said this new end-to-end experience will provide consumers with responsible access to legal cannabis products.

Cannabis company news

  • Organigram Holdings (NASDAQ:OGI,TSX:OGI) issued financial results for its Q4 2021 period. In its report, the company notes a net loss of C$26 million despite a 22 percent uptick in net revenue to C$24.9 million. Beena Goldenberg, the newly appointed CEO of the firm, is encouraged by the market share position earned by the company, which said it became the fourth biggest producer in Canada during the reporting period.
  • Halo Collective (NEO:HALO,OTCQB:HCANF) confirmed the decision for Akanda, its spinoff company focused on international cannabis opportunities, to begin trading on a US exchange. "The number of shares to be offered and the price range for the proposed offering have not yet been determined," the company told investors in a press release.
  • High Tide (NASDAQ:HITI,TSXV:HITI) announced the acquisition of 80 percent of NuLeaf Naturals, a CBD product wellness developer, for an estimated US$31.24 million. The deal includes a three year option clause for High Tide to complete a total acquisition. "As international markets open up and as export regulations evolve, NuLeaf's cGMP-certified facility positions us to take advantage of the global CBD business opportunity," Raj Grover, president and CEO of High Tide, said.
  • Humble & Fume (CSE:HMBL,OTC Pink:HUMBF) released the financial report for its first 2022 fiscal quarter to shareholders and the market. "As the legal cannabis market in North America continues to mature, Humble remains agile and focused on providing a leading solution for brands to scale quickly and retailers to focus on their customers," Joel Toguri, CEO of Humble, said.

Don't forget to follow us @INN_Cannabis for real-time updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

MARKETS

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