5 Top Cleantech Stocks on the TSXV Year-to-date

With just a few months left of 2017, cleantech stocks on the TSXV are performing well so far this year.

top cleantech stocks

The Canadian cleantech sector is having a massive year of growth, and companies listed on the TSX Venture Exchange are certainly reaping the benefits.

On the TSX Venture Exchange, there are roughly 58 cleantech-related companies that range from energy efficiency, low impact material and products, renewable energy equipment manufacturing and tech, renewable energy production and distribution, and waste reduction and water management.

With that in mind, here the Investing News Network (INN)  looks at the top TSX cleantech stocks that have seen the largest share price increase year-to-date.  The companies listed below have market caps of less than $500 million but not less then $10 million, with data compiled from Google Finance. Read on to learn more about what these companies have been up to so far in 2017.

1. Xebec Adsorption (TSXV:XBC)

Market cap: $26.33 million; year-to-date gain: 490.91 percent; current share price: $0.65

First on our top cleantech stocks on the TSXV is Xebec Adsorption.

Xebec Adsorption designs, builds, sells and provides service to a range of pressure swing and membrane gas purification systems for natural gas, field gas, biogas, oxygen, helium and the hydrogen markets.  Similarly, Xebec’s range of products include ADX Solutions (compressed air, dehydration and purification), NGX Solutions (natural gas dehydration, purification, CO2 sweetening), BGX Solutions (renewable natural gas), H2Z Solutions (hydrogen, dehydration and purification), N2X Solutions (nitrogen purification and other gases), and FSX Solutions :(compressed air and gas separation and filtration).

With that in mind, it’s been successful year for the company in terms of revenue.  Notably in August, Xebec announced its second quarter results highlighting revenue of $4 million in the second quarter compared to $2.1 million for the same quarter in 2016. Revenue had also increased 63 percent year-to-date.

2. Smartcool Systems (TSXV:SSC)

Market cap: $16.50 million; year-to-date gain: 325 percent; current share price: $0.085

Next is Smartcool Systems, a company that works with customers to make air conditioning refrigeration and heat pump systems energy friendly. Case in point, Smartcool Systems’ technologies include the Ec03 and ESM, both which reduce energy consumption of compressors that save between 15 and 20 percent kWh in air conditioning, refrigeration and heat pump systems.

On that note, it’s been a busy year for Smartcool Systems. Some of the company’s biggest news of the year includes: a sustainable technology and energy partnership with Wastes Group, announced in May; its first funded sale, announced in August; a joint venture partnership with Alternative Power Sources in Jamaica, from late August; a 300 percent increase in Q2 revenue compared to Q1, also announced in late August; and a partnership with Anseco, announced in September.

3. PyroGenesis Canada (TSXV:PYR)

Market cap: $50.68 million; year-to-date gain: 135 percent; current share price: $0.47

Middle of the pack on our top cleantech stocks on the TSXV list is PyroGenesis Canada, who topped the list in the previous quarter.

PyroGenesis Canada, a company who designs, develops, manufactures and commercializes advanced plasma processes. The company provides services in industries such as metallurgical, mining, additive manufacturing–which includes 3D printing–oil and gas, and environmental industries.

In addition to the news listed below, some of PyroGenesis’ big news includes: an increase in revenue of 165 percent in Q2 2017 compared to Q2 in 2016; developments to its plasma-based atomization process; and the start of the advanced second phase lab scale testing program.

4. Nano One Materials (TSXV:NNO)

Market cap: $77.51 million; year-to-date gain: 126.42 percent; current share price: $1.20

Last quarter, Nano One Materials closed out the 5 top cleantech stocks on the TSXV. This quarter, the company has bumped up to the number four position.

The company’s primary focus is on the lithium-ion cathode materials in the energy storage sector, although it is working to develop technologies in other markets such as speciality ceramics, pharmaceutical, semiconductors, aerospace, dental, catalysts and communications. Its products can also be configured in nanostructured materials.

This quarter, some of Nano One Materials’ announcements include: filing for a lithium iron phosphate patent; a $3 million non-brokered private placement, and then an increase to $4 million for the private placement. On September 11, Nano One Materials announced the closing of that non-brokered private placement.

5. Questor Technology (TSXV:QST)

Market cap: $38.89 million; year-to-date gain: 107.04 percent; currents share price: $1.47

Closing out the top cleantech stocks on the TSXV is Questor Technology, a company with a focus on technologies that improve air quality, supports energy efficiency and greenhouse gas emission reductions.

In Q2, Questor announced its financial results, highlighting $3.9 million in revenue compared to $3.2 million for the same quarter the previous year.

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

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


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

The cleantech sector in Canada is booming, and with the Federal Government’s 2017 budget plans to invest roughly $1.4 billion into the industry over the next several years, investment opportunities are also on the rise.

Case in point, there’s a plethora of cleantech stocks on Canadian stock exchanges for investors to choose from–from the Toronto Stock Exchange to the TSX Venture Exchange–and with the year the sector has had, interest in these companies is soaring. In particular, on the TSX Venture Exchange, with shares of one company in particular rising above 200 percent year-to-date.

With that in mind, here the Investing News Network (INN) looks at the five top cleantech stocks on the TSXV year-to-date. The below-listed companies have a market cap of less than $100 million and more than $10 million, with data compiled from Google Finance. Here’s a look at those companies.

1. PyroGenesis Canada (TSXV:PYR)

Market cap: $69.78 million; year-to-date gain: 280 percent; current share price: $0.76

First on our top cleantech stocks on the TSXV list is PyroGenesis Canada, a company who designs, develops, manufactures and commercializes advanced plasma processes. The company provides services to a wide range of industries, including: metallurgical, mining, additive manufacturing–which includes 3D printing–oil and gas, and environmental industries.

In terms of its products, PyroGenesis’ DROSITE product is a slat-free sustainable process for metal recovery, with a focus in the aluminum and zinc sectors.

That said, PyroGenesis has had a lot on its plate so far in 2017. Some highlights of its year so far include: in January, the company announced it had signed an additional military contract totalling $1.2 million; while in March, PyroGenesis announced the completion of a power production system; meanwhile, at the end of April the company stated it had its first order for 3D printing powders. Then in May, Pyro announced a contract for a second phase lab scale testing program, while in June the company stated a successful delivery of its first order of titanium and inconel powders, in addition to a third powder order during ramp-up phase.

Taking all of that into consideration, it should come as no surprise that PyroGenesis Canada tops our cleantech stocks list–and in a big way.

2. UGE International (TSXV:UGE)

Market cap: $26.08 million; year-to-date gain: $94.29 percent; current share price: $0.68

Second on our top cleantech stocks on the TSXV list is UGE International. While the company is a distant second from PyroGenesis, its year-to-date stock price increase is nonetheless impressive.

UGE International has been in the business of providing electricity through renewable energy since 2008. Much like the company above, it’s been a busy first-half of the year for UGE International. In mid-March, the company announced it had signed a contract to develop and build New York City’s first community solar project. Meanwhile in May, UGE stated it will build Canada’s largest solar carport for Sheridan College. Then in June, the company released an announcement stating it had secured its largest contract in its history: building 15 projects in Peterborough.

In otherwords, it’s clear to see why shares of UGE International have been on the upward swing during the first half of the year.

3. Biorem (TSXV:BRM)

Market cap: $16.98 million; year-to-date gain: 87.23 percent; current share price: $0.44

Third on our top cleantech stocks year-to-date on the TSXV is Biroem, a company that designs, manufactures and distributes air emission control systems that are used to eliminate smells, volatile organic compounds and hazardous air pollutants.

In particular, the company’s products include: biofilters, biotrickling filters, multi-stage systems, biogas solutions, organics and anaerobic digestion. On June 20, the company announced a strategic partnership with Tus-Material Group in order to market ultrafiltration membranes. A month prior to that, Biorem released its first quarter financial results, highlighting revenue of $3.1 million–a slight decrease over the same period from the previous year.

Despite revenue loss, the company had a number of orders announced in February. Total sales orders amounted to roughly $2.1 million, suggesting there’s still plenty of reason to be excited about the company.

4. Aurora Solar Technologies (TSXV:ACU)

Market cap: $16.21 million; year-to-date gain: 77.42 percent; current share price: $0.27

Aurora Solar Technologies develops and markets inline measurement, visualization and control systems with a focus on the photovoltaic manufacturing industry.

With that in mind, the company’s two main products include Decima and Veritas. First, Decima measures emitter dopant within a crystalline silicon photovoltaic wafer. Meanwhile, Veritas maps measurements from the Decima product back to the location in the furnace for “perfect” visualization. In other words, the product allows manufacturers to manage and control the performance of each diffusion furnace.

 Similar to the above companies on the list, Aurora Solar Technologies has had a lot on the go so far in 2017, highlights of which include: an order from an industry leader in Asia, undertaking a non-brokered private placement, and then subsequently closing that private placement and, finally, a “record order backlog” for the company as a result of a large volume of orders from China.

5. Nano One Materials (TSXV:NNO)

Market cap: $45.33 million; year-to-date gain: 41.51 percent; current share price: $0.75

Closing out our top cleantech stocks on the TSXV is list is Nano One Materials, a company that looks to produce low cost, high performance battery materials together with advanced nanostructured composites. The company’s primary focus is on the lithium-ion cathode materials in the energy storage sector. Its products can also be configured in nanostructured materials.

On June 26, the company announced its demonstration of the pilot plant together with the first production of lithium ion cathode materials–which has been the bulk of the company’s focus throughout the first half of the year.

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

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

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