Cleantech

Top Canadian Cleantech Stocks

Cleantech Investing
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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.

Investment in renewable energy and clean technology continues to grow. Despite setbacks due to COVID-19, global green recovery efforts have been a boon for the cleantech market.

Analysts see a few key trends dominating the cleantech sector worldwide, such as offshore wind energy, electric vehicles, electric vehicle infrastructure and clean energy commercial long-haul transportation solutions, including hydrogen and energy storage installations.

With 2021 nearly at an end, here’s a look at the top Canadian cleantech stocks on the TSX and TSXV. All companies listed had market caps of at least C$10 million as of December 21, 2021. Numbers and figures were current at that time, with data gathered using TradingView’s stock screener.

1. Graphene Manufacturing Group

Year-to-date gain: 491.07 percent; current share price: C$1.98

Australia-based Graphene Manufacturing Group (TSXV:GMG) has developed a proprietary process for producing graphene and hydrogen by cracking methane (natural gas) instead of mining graphite.

The company's graphene production process has demonstrated cost and environmental improvements in a number of cleantech applications. It is developing value-added products for the energy efficiency and energy storage markets, as well as next-generation batteries through partnerships with Australian universities.

The cleantech stock took off in Q4, reaching a 2021 high of C$6.47 on November 16. Graphene Manufacturing continued flying high for the rest of the month, and on November 30 it filed a global patent application for its G+AI Battery under the Patent Corporation Treaty. According to the company, this is a key step in terms of securing intellectual property and global commercialization rights for the technology.

2. First Hydrogen

Year-to-date gain: 309.64 percent; current share price: C$1.70

First Hydrogen (TSXV:FHYD) has two focus areas: zero-emission vehicles and supercritical carbon dioxide extractor systems. Via agreements with AVL Powertrain UK and Ballard Power Systems, the company is working on a light commercial vehicle powered by hydrogen fuel cell technology; its extractor systems will also run on fuel cells.

Previously known as Pure Extraction, First Hydrogen has had a busy year. Company shares peaked at C$2.35 on June 11, the same day the firm signed definitive agreements to collaborate with AVL Powertrain UK and Ballard Power Systems. The agreements were approved by the TSX Venture Exchange on August 6, and First Hydrogen shares reached their second highest point of the year on August 16, coming in at C$2.05.

3. FuelPositive

Year-to-date gain: 254.55 percent; current share price: C$0.20

FuelPositive (TSXV:NHHH) is a cleantech solutions provider whose main offering is a modular and scalable green ammonia system that can synthesize air, water and sustainable electricity into a non-polluting chemical. This chemical can then be used as a fertilizer, as a fuel for internal combustion engines and as a grid storage solution.

The company's "cradle-to-cradle" approach means it aims to create products that can be fully recycled when they reach the end of their lifespan, similar to what happens to natural materials.

FuelPositive spiked to its highest point in 2021 on February 22, hitting C$0.39. The company recently provided a recap of its activities throughout the year, highlighting that it raised over C$12 million and is on track to launch a number of demonstration pilot projects in the real world during 2022.

4. BluMetric Environmental

Year-to-date gain: 251.35 percent; current share price: C$0.65

Environmental consulting and engineering company BluMetric Environmental (TSXV:BLM) has centered its efforts on water and wastewater treatment, as well as professional environmental services. It has clients in more than 60 countries, offering its expertise in areas such as consultation, design, construction and more.

BluMetric's latest news release came at the end of August, when it shared financial results for the quarter ended on June 30. The company reported revenue of C$8.5 million, up from C$6.9 million in the year-ago period, with increases in all four of the markets it serves. Its share price peaked for the year at C$0.85 on August 30.

5. Acceleware

Year-to-date gain: 137.5 percent; current share price: C$0.57

Acceleware (TSXV:AXE) bills itself as an innovator in cleantech technologies related to oil and gas, and has two business components: radio frequency (RF) enhanced oil recovery and seismic imaging software.

The company wants its RF XL technology to electrify heavy oil and oil sands production, which would lower costs and carbon output compared to current methods. In terms of seismic imaging, Acceleware's software solutions provide accurate and advanced imaging for oil exploration companies.

Acceleware's share price took a major leap on December 10, when it hit C$0.70, this year's top level. Four days later, the company reported a "major milestone" for its commercial RF XL pilot, saying that it has finished its drilling and completions program at the project site in Marwayne, Alberta. It has also initiated facilities installation.

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

MARKETS

Markets
TSX18861.36-217.28
TSXV617.26-9.08
DOW31097.26+321.83
S&P 5003825.33+39.95
NASD11127.85+99.11
ASX6539.90-28.20

COMMODITIES

Commodities
Gold1809.910.00
Silver19.890.00
Copper3.61-0.10
Palladium1965.070.00
Platinum891.260.00
Oil108.46+2.70
Heating Oil3.96+0.13
Natural Gas5.620.00

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