6 Top Cleantech Stocks on the TSX Year-to-Date

The Canadian government released a report in June which outlined its goals of transitioning the country towards a low-carbon future with a significant focus on clean power and renewable fuels.

The Generation Energy Council report outlined four transition pathways to a low-carbon economy which includes clean power, energy efficiency, renewable fuels and cleaner oil and gas.

“The Council’s report is another step toward Canada’s bright energy future, but I am looking to all Canadians to continue to provide ideas, insights and views on how we can reach our destination of a reliable, affordable, inclusive low-carbon economy,” Jim Carr, Canada’s Minister of Natural Resources said in a press release.

The report from Natural Resources Canada is significant because it follows another report from Canadian Centre for Policy Alternatives (CCPA), who said that Canadians are large consumers of energy.

According to the report from CCPA, per capita consumption in Canada is five times the world’s average and 29 percent higher than US.

With the country heading towards a low carbon future and with a focus set firmly on cleantech,y, investors have plenty of opportunities to cash in on the clean technology space.

There are over 40 companies listed on TSX in this space, and here the Investing News Network (INN) is taking a looking back at Q2  2018 and cleantech companies on the TSX who have had the biggest share price increases year-to-date.

The companies listed below all have market caps of less than $500 million, with all numbers and figures in Canadian dollars and currentas of market close on July 4, 2018.

1. Questor Technology (TSX:QST)

Market cap: $119.06 million; year to date gain: 65.56 percent; current share price: $4.47

First on our top gaining cleantech stocks on the TSX year-to-date is Questor Technology.  This Calgary based oilfield service company manufactures and services high efficiency waste gas combustion systems as well as power generation systems.

While the company didn’t have much news during the quarter, it did announce in May that that its gross revenues increased by 163 percent due to higher rental revenues that the company has been generating.

2. Xebec Adsorption (TSX:XBC)

Market cap: $32.87 million; year to date gain: 36.48 percent; current share price: $0.78

Second on our list is Xebec Adsorption. The company engages in design and manufacturing of products which transforms raw gases into sources of clean and renewable energy. The company operates through four key sectors which includes clean technology, oil and gas processing and industrial compressed air and gas treatment.

Notably, the company in June identified key countries where it could emerge as a major player, which includes, Italy, France, the US and Canada. Xebec Adsorption said that potential value in these countries is in the range of CS$2.5 billion to CS$3 billion for equipment sales.  

3. Alaska Hydro (TSX:AKH)

Market cap: $2.21 million; year to date gain: 25 percent; current share price: $0.05

With its headquarters in North Vancouver, British Columbia, Alaska Hydro is engaged in the development of renewable energy projects. Currently, the company is focused on More Creek hydroelectric project in north west BC, a project site that is approximately 130 km north of the town of Stewart.  

Alaska Hydro in July announced that it has entered into a confidentiality with an international electrical investment advisor for discussions related to financing, investment acquisition for the company’s 75MW More Creek hydroelectric project. The company has currently done the pre feasibility study and is seeking to advance the project by getting clearance from Canadian Environmental Assessment Agency and BC Environmental Assessment process.

4. Newalta Corp (TSX:NAL)

Market cap: $109.3 million; year to date gain: 23.76 percent; current share price: $1.25

Fourth on our top gaining cleantech stocks on the TSX year-to-date is  Newalta,a company focused on waste reduction and water management. This Calgary based company provides engineered environmental solutions that enables one to reduce disposal and enhance recycling.

A key highlight for the the company in this quarter was that in June, the company received the approval of the Court of Queen’s Bench of Alberta for its previously announced plan of arrangement with Tervita to form Tervita Corporation. The company in April announced that Terevita and Newalta will amalgamate to form a corporation and thereby creating a leading energy focused waste and environmental services company in Canada.

5. Etrion Corp (TSX:ETX)

Market cap: $90.21 million; year to date gain: 8 percent; current share price: $0.27

Etrion engages in the production of renewable energy with a focus on development, building and operation of utility scale solar power generation plants.

A key highlight of this quarter is the company announcing in June the completion of €40 million bond issue in June which the company will use it refinance its existing €40 million secured bonds that is set to mature in April 2019.

6. Naikun Wind Energy (TSX:NKW)

Market cap: $5.51 million; year to date gain: 6.25 percent; current share price: $0.09

Based in British Columbia, Naikun Wind Energy is fifth on our top gaining cleantech stocks on the TSX year-to-date. The renewable energy company focuses on offshore wind energy projects and is currently engaged with the Haida Energy field project.

While the company didn’t have much news during the quarter, it did announce the results from its Annual General Meeting in December 2017 with Michael O’Connor, president of Naikun stating the company’s intention of advancing the company’s project with Province of BC.

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

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

**This article is updated each quarter. Please scroll to the top for the most recent information**

3 Top Cleantech Stocks on the TSX Year-to-Date

By Bala Yogesh, April 5, 2018

The Canadian government pledged in its 2018 budget that it will extend tax support for clean energy, which will increase the after-tax income for 900 businesses.

The government also said that it hopes that the country will see increased adoption of clean technology in efforts to help Canada reduce the emission of greenhouse gases and air pollutants.

Apart from the focus on clean energy, the government also proposed in the current budget investment of $69.5 million over the five years to revitalize water stations and to improve services for long-range water forecasts.

A Smart Prosperity Institute report suggests that Canada–despite dropping its share in the global cleantech market from 1.6 per cent to 1.4 per cent since 2008–is set to improve its performance in the future. The new policies from the federal and provincial governments in the recent years has placed Canada at number 4 on the global Cleantech Innovation Index. This determines where the entrepreneurial cleantech companies are likely to emerge over the next 10 years.

Robert Hornung, president of the Canadian Wind Energy Association was one of those who praised the government.

“The Canadian Wind Energy Association commends the federal government for extending the ability of investors to utilize Class 43.2 of the Income Tax Act by five years, from 2020 to 2025,” Hornung said in a press release. “This fiscal measure allows investors to accelerate deductions of eligible capital costs associated with clean energy generation.”

According to a recent report by the Smart Prosperity Institute, the cleantech sector is set to touch $2.5 trillion in 2022 on a the global scale and reach touch $3.6 trillion by 2030.

On that note, there are approximately 33 cleantech related companies on the Toronto Stock Exchange. These companies deal with various sub-sectors that ranges from energy efficiency to waste reduction and water management.

With the domestic and the global market up for grabs and with the government focusing on all aspect of the cleantech sector, here the Investing News Network is taking a looking back at Q1 of 2018 and cleantech companies on the TSX who have had share price increase year-to-date. The companies listed below all have market caps of less than $500 million, with all numbers and figures current as of market close on April 5, 2018.

1. Newalta (TSX:NAL)

Market cap: $111.06 million; year to date gain: 11.50 percent; current share price: $1.26

First on our top gaining cleantech stocks on the TSX year-to-date is Newalta. This Calgary based company focuses on waste reduction and water management. The company provides engineered environmental solutions that enables one to reduce disposal and enhance recycling.

The company recently filed a joint circular seeking shareholders approval for business combination with Tervita to create Canada’s largest energy focused waste and environmental services company, which may have helped its rising share price during Q1.

2. Polaris Infrastructure (TSX:PIF)

Market cap: $296 million; year to date gain 7.27 percent; current share price: $18.88

Polaris Infrastructure is a Toronto based company is engaged in the operation, acquisition and development of renewable energy projects in Latin America. The company operates a 72 MW geothermal project in Nicaragua.

3. DIRTT Environmental Solutions (TSX:DRT)

Market cap: $451.54 million; year to date gain: 6.77 percent; current share price: $5.36

Based in Calgary, Alberta, the company uses its proprietary 3D software to design, manufacture and install fully customized interiors. The company recently announced its 2017 financial results where they reported a record annual revenue increase of $293.4 million. The company also delivered its first significant healthcare project in Kuwait, which also may have helped impact its rising share price.

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

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