The TSXV-listed environmentally friendly stocks on our list should benefit from the building momentum in sustainable investing
SmallCapPower | March 6, 2020: Environmentally Sustainable investing has been on the rise, fuelled by Blackrock’s, the largest asset manager in the world, pledge to double its environmentally friendly ETF offerings by the end of 2021. Environmentally sustainable investing is highlighted by climate change, an issue that many countries are starting to take more seriously. Agreements such as the Paris Accord, which to this date has been ratified by 185 parties, are helping to initiate the change to a greener world. Emphasized by Greta Thunberg, about 72% of Generation Z say they are willing to pay more for products and services offered by companies committed to a positive environmental impact, thus green technology stocks have lucrative market potential. Today we have selected three Canada-listed environmentally friendly stocks that we think have great growth prospects.
*Share prices as at March 4, 2020, data obtained from S&P Capital IQ
good natured Products Inc. (TSXV:GDNP) – $0.145
Bioplastics
good natured Products produces and distributes one of North America’s largest assortment of consumer products and packaging that is composed of the highest possible percentage of renewable, plant-based materials and no BPAs or additional chemical concerns. The Company has over 100 plant-based food packaging applications, 10 grades of bioplastic roll stock sheets and 30 home & business organizational products. On March 3, 2020, good natured announced the acquisition of Shepherd Thermoforming and Packaging, a leader thermoformer with over 35 years’ experience in designing custom packaging, including engineering, mold production, and final product manufacturing for both thin gauge and heavy gauge thermoformed applications.
- Market Cap: $15.2M
- 90-Day Return: -14.7%
- 1-Year Return: +52.6%
- 90-Day Average Trading Volume: 194,730
Xebec Adsorption Inc. (TSXV:XBC) – $3.56
Environmentally Sustainable Services
Xebec Adsorption provides gas generation, purification, and filtration solutions for the industrial, energy, and renewables marketplace in Canada, China, the United States, France, and internationally. The Company designs, engineers, and manufactures various products that transform raw gases into marketable sources of clean energy. Xebec Absorption operates in three main business segments: Systems, Infrastructure, and Support. Under the Systems Segment, the Company designs and builds various systems that deliver renewable gases, including biogas to renewable natural gas systems and hydrogen purification systems. The Infrastructure Segment designs, develops, builds, sells, and services a range of products comprising desiccant, refrigerant, and modular air dryers for industrial applications. In addition, the Company is involved in the setup, ownership, and management of renewable gas projects under the Support Business Segment.
- Market Cap: $306.1M
- 90-Day Return: +48.7%
- 1-Year Return: +180.3%
- 90-Day Average Trading Volume: 884,810
PyroGenesis Canada Inc. (TSXV:PYR) – $0.425
Environmentally Sustainable Services
PyroGenesis Canada focuses on commercializing advanced plasma processes and systems in Canada and internationally. The Company has two main business offerings: DROSRITE and PUREVAP. DROSRITE is a sustainable process for enhancing metal recovery from dross, targeting primarily aluminum and zinc industries and the plasma atomization process. PUREVAP is a process to produce high-purity silicon and solar grade silicon. PyroGenesis also provides plasma torches, including APT for waste treatment, gas heating, research and development, and advanced materials production applications.
- Market Cap: $60.7M
- 90-Day Return: -11.5%
- 1-Year Return: -36.6%
- 90-Day Average Trading Volume: 79,510
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