4 Canadian Renewable Energy Stocks with Sustainable Growth

The Canadian renewable energy stocks we’ve found have seen a stock price increase of at least 60% year to date on higher-than-average volume

SmallCapPower | February 20, 2020: Renewable energy companies focus on providing clean and sustainable sources of power. There are various methods for producing renewable energy, which is generated from solar, wind, geothermal, hydroelectric (from the ocean or waterwheels), or hydrogen plants, among others. Today we have identified four Canadian renewable energy stocks that have seen significant returns year to date on higher-than-average volume.

*Share prices as at February 18, 2020, data obtained from S&P Capital IQ

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Greenlane Renewables Inc. (TSXV:GRN) – $0.72
Renewable Energy

Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Greenlane’s systems produce clean, low-carbon renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation.

  • Market Cap: $63.8M
  • 7-Day Return: +4.3%
  • YTD-Return: +71.4%
  • 90-Day Return: +300.0%
  • 30-Day Average Trading Volume: 944,530
  • 90-Day Average Trading Volume: 537,870

Xebec Adsorption Inc. (TSXV:XBC) – $4.17
Renewable Energy

Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints.

  • Market Cap: $355.4M
  • 7-Day Return: +10.8%
  • YTD-Return: +109.8%
  • 90-Day Return: +110.7%
  • 30-Day Average Trading Volume: 1,043,420
  • 90-Day Average Trading Volume: 723,870

Zinc8 Energy Solutions (CSE:MGXR) – $0.38
Renewable Energy

Zinc8 Energy Solutions engages in the development and commercialization of a zinc-air flow batteries. Its modular energy storage system is designed to deliver backup power in the range of 5 to 100 kW. The Company was formerly known as MGX Renewables and changed its name to Zinc8 Energy Solutions in September 2019.

  • Market Cap: $28.5M
  • 7-Day Return: +22.1%
  • YTD-Return: +232.0%
  • 90-Day Return: +144.1%
  • 30-Day Average Trading Volume: 405,000
  • 90-Day Average Trading Volume: 191,540

Exro Technologies Inc. (CSE:XRO) – $0.53
Renewable Energy

Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro’s patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan.

  • Market Cap: $42.7M
  • 7-Day Return: +3.9%
  • YTD-Return: +58.2%
  • 90-Day Return: +60.6%
  • 30-Day Average Trading Volume: 200,340
  • 90-Day Average Trading Volume: 233,010

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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