Canadian Technology Stocks and Startups
Cantor Fitzgerald analyst John Safrance says Algonquin Power’s (TSX:AQN) aggressive acquisition strategy is paying off. Last Thursday, after market, Algonquin Power reported its Q1, 2013 numbers. The company reported adjusted earnings of $17.8-million on revenue of $196.7-million, more than tripling last year’s $63.4-million topline. Safrance says the performance of recently acquired wind assets in the [...]
Maybe its time for a name change. They haven’t actually made a car in some time, and now Zenn Motors (TSXV:ZNN) is severing its last tie to manufacturing. The company today announced it will close its service operations and cease to provide parts and service support currently offered for ZENN LSVs, on June 30th. ZENN, [...]
A controversial wind farm proposal in Clearview, Ontario appears to have hit a snag, as yesterday the Ontario Superior Court of Justice ruled that its opponents have the right to launch legal action against it if and when it is approved. The decision was hailed as a victory for opponents of the proposed project. Eric [...]
Shares of Natcore Solar (TSXV:NXT) are up today after the company said it had made advances that take its black silicon solar cells to commercial levels of efficiency. Before today, Natcore says its proprietary cells achieved efficiencies of just 1%. That compared rather unfavorably to the average efficiencies for commercial cells, which came in at [...]
Bioexx Specialty Protein’s (TSX:BXI) once promising canola oil-based protein isolates plant in Saskatoon will soon be no more. Faced with limited resources, the company will shutter its Saskatchewan operations in favour of a European joint-venture. The Toronto-based company has just $2.88-million in cash and cash equivalents, against liabilities of $8.12-million CEO Chris Schnarr explained the [...]
On Thursday, 5N Plus (TSX:VNP) will report its Q4 and fiscal 2012 results. The company is coming off a disappointing Q3 in which it posted revenue of less than half of the previous year. The $120.7 million revenue number compared unfavourably to $242.3 million the company booked in Q3, 2011, but that quarter covered a [...]
Ballard Power (TSX:BLD) today announced that its Chinese partner, Azure Hydrogen Energy Science and Technology, has acquired 10% of Ballard’s telecom backup power subsidiary, Dantherm Power. Azure paid $2-million for the interest, and its chairman, Grand Mao, will join Dantherm’s board. Dantherm Power, which is based in Denmark, acts as a development center for Ballard [...]
Bioteq Environmental (TSX:BQE) today reported its fiscal 2012 results. The Vancouver-based cleantech lost $3.36-million on revenue of $9.4 million, which was up 27% over the $7.4 million topline the company posted in 2011. CEO Jonathan Wilkinson said the year was an important one in setting up future growth. “2012 was a year in which significant [...]
Ballard Power (TSX:BLD) is among the heaviest traders on the TSX today, after a flurry of press releases this month. Yesterday, Ballard reported it will provide fuel cells to buses in Aberdeen, Scotland, making that city’s fleet of ten buses the largest in Europe to be powered by hydrogen fuel cells. The deal came about [...]
For some, yesterday’s news from Ballard Power (TSX:BLD) may have had a nostalgic tinge to it. The Vancouver-based cleantech announced it had signed an agreement with Volkswagen to develop fuel cells in demonstration vehicles. The contract, says Ballard, is valued at between $60-million to $100-million. Turns out Ballard Power, which had turned its attention to [...]
