Canadian Technology Stocks
BufferSo far, so good. Late in 2011, Versant Partners analyst Massimo Fiore made NewAlta (TSX:NAL) his top pick for 2012. Early in the year, the company has already posted a 9% gain, and Fiore says there could be more good news on the way. Fiore thinks NewAlta will reward investors by increasing its dividend later [...]
BufferIs solar in or out of fashion this week? What about wind? Is hydro cool today? Few sectors are as cyclical as renewable energy. One day we’re hearing about feed-in tariffs sparking a frenzy in the Chinese solar industry, the next we are hearing about its imminent demise. Longueuil, Quebec’s Innergex Renewable (TSX:INE) was one [...]
BufferWhile we learned today that the Keystone XL Pipeline, the controversial proposal to transport synthetic crude oil and diluted bitumen from Northern Alberta to various parts of the United States is, at least temporarily, on hold, North American pipeline construction is actually undergoing a period of unprecedented growth. This is fortunate timing for Calgary’s Pure [...]
BufferIn Canada, the cleantech space is littered with carnage. The trail of underperforming Canadian stocks, including Timminco (TSX:TIM), which recently filed for creditor protection and Waterloo’s Arise Technologies (TSX:APV), which was delisted from the TSX, in addition to companies like Nevada Geothermal Power (TSXV:NGP) and Alterra Power (TSX:AXY), which lost much of their value in [...]
BufferAfter the recession of 2008, infrastructure spending seemed one of the better defensive places to be. Aging pipelines, electrical transmission facilities, and roads and bridges that were built to accommodate the baby boom have gotten a long overdue injection of capital. CIBC World Markets analyst Paul Lechem estimates we’re only about part of the way [...]
BufferLongueuil, Quebec’s Innergex Renewable Energy (TSX:INE), which was founded back in 1990 but IPO’d in 2007, already knows better than most that the market can be fickle. After debuting at $11 a share, the cleantech offering almost immediately rose to $14. But the seemingly inevitable losses that saddle many with expansionary ambitions in the space [...]
BufferJust three and a half years ago, it seemed out of the realm of possibility. Toronto based Timminco (TSX:TIM), once the talk of the TSX, today filed for creditor protection. The company issued a statement today that said: “Timminco Ltd., after consideration of the available alternatives, has determined that it is in the best interests [...]
BufferA year ago, the reasoning was air tight. Rare earth metals, that block of two rows of seventeen chemical elements at the bottom of the periodic table are used in iPods, GPS navigation systems and plasma televisions, and the Toyota Prius, which uses twenty-five pounds of the stuff. Modern needs for these ancient elements became [...]
BufferIn the recent history of Canadian tech, 5N Plus (TSX:VNP) is one of the shining successes. A few years ago, the Montreal based company, which produces essential components of thin-film solar modules, became a primary material supplier to US cleantech giant First Solar. When First Solar’s revenue was skyrocketing they were being supplied cadmium telluride [...]
BufferFor the better part of four decades, solar energy has come in and out of fashion, like skinny ties or flambé Crêpes Suzette. But lost in the boom and bust nature of funding for the nascent technology may be the fact that the industry has made consistent incremental improvements. In 2009, First Solar (NASD:FSLR) brought [...]
