In a world where sustainability matters, the Canadian cleantech stocks on our list are making sales
SmallCapPower | November 28, 2016: There are a lot of environmental buzzwords that are used to describe products, ‘eco-friendly’, ‘renewable’, ‘biodegradable’ and ‘sustainable’. Without a good product behind these words, though, people won’t buy them. However, if the product works and is environmentally friendly, people will buy it and continue to buy more. The Canadian cleantech stocks on our list today all have tested products that offer incredible environmental benefits, and as a result have seen their sales grow, which has helped push up their stock prices over the past year as well.
Electrovaya Inc. (TSE:EFL) – $2.20
Electrical Components & Equipment
Electrovaya Inc. is a Canada-based company, which is engaged in the developing, manufacturing and marketing of power technology products. The Company develops energy storage products, including electrodes, separators, cells, modules and advanced battery systems. Electrovaya also develops Lithium Ion SuperPolymer batteries and battery-related products for the clean electric transportation, utility scale energy storage and smart grid power, consumer and healthcare markets. The Company’s business lines include stationary storage products for telecommunications and new green-energy solutions, such as solar and wind, and motive power products for electric vehicles, including automobiles, forklifts used in materials handling, and other transportation applications, including the maritime sector.
- Market Cap: $189.21(mm)
- Total Revenue (LTM, Default, Millions): $33.33
- YTD Price PCT Change: 206%
- PoP % Chg (1LTM) in Revenue (LTM, CAD): 223%
Polaris Infrastructure Inc. (TSE:PIF) – $16.57
Renewable Fuels
Polaris Infrastructure Inc. (Polaris Infrastructure), formerly Ram Power, Corp., is a renewable energy company. The Company is focused on the development, production and sale of electricity from geothermal energy. It is engaged in the operation, acquisition and development of renewable energy projects in Latin America. The Company is operating an approximately 70-megawatt capacity (net) geothermal electrical energy production facility located in northwest Nicaragua (the San Jacinto project). It is also involved with the exploration and development of a second production facility in the Department of Chinandega in Nicaragua (the Casita Project).
- Market Cap: $259.68(mm)
- Total Revenue (LTM, Default, Millions): $67.49
- YTD Price PCT Change: 106%
- PoP % Chg (1LTM) in Revenue (LTM, CAD): 6%
Earth Alive Clean Technologies Inc. (CSE:EAC) – $0.60
Environmental Services & Equipment
Earth Alive Clean Technologies Inc, located in Montreal, Quebec, is a biotechnology company engaged in the development and manufacturing of microbial technology-based products.
- Market Cap: $56.84(mm)
- Total Revenue (LTM, Default, Millions): $1.20
- YTD Price PCT Change: 74%
- PoP % Chg (1LTM) in Revenue (LTM, CAD): 26%
H2O Innovation Inc. (CVE:HEO) – $1.82
Environmental Services & Equipment
H2O Innovation Inc. is engaged in providing integrated technological water treatment solutions based on membrane filtration technology to municipal, energy and mining end users. The Company is also engaged in delivering drinking water and process water production, and wastewater treatment systems, including related services. It designs water treatment projects for the production of drinking water and industrial process water, the reclamation and reuse of water, and the desalination of sea water and the treatment of wastewater.
- Market Cap: $73.06(mm)
- Total Revenue (LTM, Default, Millions): $58.28
- YTD Price PCT Change: 65%
- PoP % Chg (1LTM) in Revenue (LTM, CAD): 17%
Village Farms International Inc. (TSE:VFF) – $1.40
Fishing & Farming
Village Farms International, Inc. (Village Farms) is a producer, marketer and distributor of greenhouse-grown tomatoes, bell peppers and cucumbers in North America. The Company operates through two segments: Produce business and the Energy business. The Produce business produces, markets and sells the product group, which consists of tomatoes, bell peppers and cucumbers. The Energy business produces power that it sells per a long-term contract to its customer.
- Market Cap: $54.37(mm)
- Total Revenue (LTM, Default, Millions): $202.46
- YTD Price PCT Change: 65%
- PoP % Chg (1LTM) in Revenue (LTM, CAD): 14%
