Sustainability Stocks Lose Steam: Ubika Sustainability Report Update

Chris Thompson| Head of Research | Ubika Research | Chris@UbikaResearch.com| 1 (416) 574-0469
Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Alp Erdogan | Analyst | Ubika Research | Alp@UbikaResearch.com | 1 (647) 479-5690
William Xiao | Associate | Ubika Research | william.x@gicpartners.com | 1 (647) 828-4632
Richard Waxman | Associate | Ubika Research | Richard@UbikaResearch | 1 (647) 770-2185

The Ubika Sustainability 20 Index (US20) slipped 6% since our last report but good natured Products Inc. (TSXV:GDNP) continues to outperform

Ubika Sustainability 20 (March 12, 2017 - May 4, 2018)

US20: -6.3% (+8.4% Y/Y)

TSX Venture: -6.7% (-0.2% Y/Y)

DJSI – NA40: -4.1% (+12.5% Y/Y)

Dollar amounts in CAD unless otherwise stated.

Top Volume Gainers (m/m)

All figures use price close as of May 4, 2018

The Ubika Sustainability 20 Index (US20) slipped 6% since our last report dated March 12, 2018, outperforming the TSX-V and underperforming Dow Jones Sustainability North America 40 indices, which declined 7% and 4%, respectively, over the same period. Notable performers for this report include:

  1. Carmanah Technologies (TSX:CMH), which climbed 15% with the release of its Q1 earnings.
  2. Boralex Inc. (TSX:BLX), which rose 5% with the acquisition of Kallista Energy and extension of its debt facilities.
  3. Eguana Technologies (TSXV:EGT), which fell 15% following the release of a customer’s product that contained EGT components.

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