Performance crushed both the TSX Venture and Dow Jones Sustainability North America 40 during the past year
The Ubika Sustainability 20 (US20) index surged 36% year over year, crushing both the TSX Venture index and Dow Jones Sustainability North America 40, which declined 4% and 6%, respectively, over the same time period. Electrovaya Inc. (TSE:EFL) was the top-performing component company during the past 2.5 months, powering 66% higher after its subsidiary, Litarion GmbH, said it had received purchase orders for about US$4.2 million to supply Lithium Ion cells for an energy storage application.
Interested in previous Sustainability 20 reports? Here’s the link >>
The 2-year crash in oil prices, natural gas, and coal has been detrimental to the fossil fuel industry at large. With the fall in prices, some wonder if oil is a better “bang for your buck” form of power generator. However, during the same timeframe, renewable energy has grown immensely. Specifically, wind and solar investments have risen and are forecasted to continue at an accelerating pace. Investors should note the fundamental drivers to this increased demand for renewables.
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