Ubika Sustainability Index Powers Up, Beats Benchmarks

    Our Ubika Sustainability 20 index of Canadian cleantech stocks has returned 6% in less than two months

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    The Ubika Sustainability 20 Index (US20) returned 6% since our last report dated October 2, 2017, outperforming its two benchmarks, the TSX-V and Dow Jones Sustainability North America 40 indices, which returned 1% and 2%, respectively, over the same period. Notable performers for this report include:

    • PyroGenesis Canada Inc. (TSXV:PYR), which completed the ramp up of its plasma atomization system, signing six non-disclosure agreements with distributors and 3D printer manufacturers.
    • Innergex Renewable Energy Inc. (TSX:INE), which announced the acquisition of Alterra Power Corp. for $1.1 Billion (includes the assumption of Alterra’s debt).
    • Cielo Waste Solutions (CSE:CMC), which completed financings for its first commercial scale “renewable diesel” refinery operation.

    Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.

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