Mackie’s Afzaal raises target on Pure Technologies to $8.00

Mackie Research Capital analyst Raveel Afzaal says Pure Technologies represents a rare opportunity for investors to gain exposure to infrastructure renewal theme in the water and wastewater infrastructure market.

Pure Technologies (TSX:PUR) isn’t cheap, but the company has earned its premium and still has more upside, says Mackie Research Capital analyst Raveel Afzaal. In a research update to clients yesterday, Afzaal maintained his BUY recommendation, but raised his one-year target price from $6.50 to $8.00. Afzaal says last Thursday’s Q4 numbers from Pure were [...]

Byron Capital still bullish on Hydrogenics, but wary of valuation

A fuel cell sector that is on fire has lifted Hydrogenics to five-year highs and has Byron Capital analyst Dev Bhangui rejigging his price target and rating.

Byron Capital analyst Dev Bhangui says he remains very bullish on Hydrogenics (TSX:HYG), but a 156% run up in the stock price in the past 150 days puts him in a “defensive mode.” On Friday, Hydrogenics reported its fourth quarter and fiscal 2013 results. In the fourth quarter, the company lost $3.1-million on revenue of [...]

Ballard Power and Hydrogenics bring Canadian content to fuel cell stock rally

The sizzling fuel cell market caught fire when New York-based Plug Power supply fuel cells to power forklifts in Wal-Mart's warehouses.

The fuel cell stock rally may have been initiated by U.S.-based Plug Power, but the movement has a decidedly Canadian bent.

Ballard Power soars after first EBITDA positive quarter ever

Following a five-year non-compete, Vancouver’s Ballard Power is back in the auto business. Last year, the announced a four year deal with Volkswagen to to develop fuel cells in demonstration vehicles. The engineering services Ballard will provide is part of a three-pronged "path to profitability" that includes product sales and IP licensing.

Shares of Ballard Power (TSX:BLD) are racing today after fourth quarter results showed the company was EBITDA positive for the first time in its long history. Ballard posted EBITDA of $200,000 on revenue of $17.3-milion in Q4, a reversal from negative $3.2-million in the same period last year. The company also announced that John Sheridan, [...]

Chinese Man Sues Government Over Air Pollution

chinese smog

Li Guixin, a resident of Shijiazhuang, the largest city in China’s Hebei province, has submitted a legal complaint to the district court, requesting that the Shijiazhuang Municipal Environmental Protection Bureau “perform its duty to control air pollution according to the law”, making him the first citizen to take private legal initiative against the government over [...]

Mackie Research Capital analyst Afzaal increases target price on NewAlta

Mackie Research Capital analyst Raveel Afzaal says NewAlta trades at a discount to its peer group, but could tighten the gap if it can consistently deliver 20% Adjusted EBITDA growth

Mackie Research Capital analyst Raveel Afzaal says NewAlta (TSX:NAL) was able to deliver fiscal 2013 results that were decent despite real weakness in drilling activity in the early part of last year. Last Friday, NewAlta reported its fourth quarter and fiscal 2013 results. For the year, the company generated EBITDA of $156-million on revenue of [...]

Canadian Cleantech Stocks: The Ten Best Performers So Far in 2014

Vancouver's Ballard Power garnered worldwide attention as the hydrogen fuel cell supplier of choice to the auto industry. Today, the company makes much of its revenue by providing fuel cell power for things that don’t move, such as telecom backup power.

Is Canadian cleantech still an overlooked opportunity? Since 2009, the value of the sector has more than tripled, from just over $6-billion to more than $22-billion today. The TSX has become, some might be surprised to learn, the top exchange worldwide for cleantech, and its issuers have raised well over $2-billion since 2012. Our cleantech [...]

Insider Buying at DIRTT Environmental Solutions

Calgary-based DIRTT compares its product to Lego in that its components connect using a repeated interface, but produce a unique result.

A few weeks after its IPO, shares of DIRTT Environmental Solutions (TSX:DRT) have flatlined, but some closest to the company are betting on better days ahead. Several company insiders, including President Scott Jenkins and CFO Derek Payne, have made open market purchases of DIRTT in recent days. Founded in 2005, Calgary-based DIRTT, an acronym for”Doing [...]

2013 Cantech Letter Canadian Cleantech Stock of the Year Finalists

cantech awards rock

Cleantech investors in most any segment of the market know about ups and downs. The mix of public and private participation, general technology risk, and unpredictable investor sentiment have had their go at solar, wind and water alike. But in Canada, cleantech is currently in a decided and lengthy upswing. Since 2009, the value of [...]

Byron Capital praises the new higher margin Ballard Power

Byron Capital analyst Dev Bhangui says the Ballard of today is able to leverage "decades of IP and engineering expertise" to land lucrative services contracts. He points to the company's work with Anglo American Platinum on fuel cell home generators as evidence.

Ballard Power’s (TSX:BLD) new focus on near-term commercial opportunities means the company is finally in position to deliver solid margins, says Byron Capital analyst Dev Bhangui. This morning, Bhangui initiated coverage of Ballard Power with a BUY rating and one-year target price of $2.25. Bhangui says that throughout its history there have been problems with [...]