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2013 Cantech Letter Canadian Cleantech Stock of the Year Finalists

cantech awards rockCleantech 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 the sector has grown from $6.4-billion to approximately $20-billion today. There are now, in fact, more renewable energy and clean technology companies listed on TSX/TSXV than on any other exchange in the world.

Today, we give you the three finalists for Cantech Letter Cleantech Stock of the Year.

This year, for the first time ever, the Cantech Letter Awards will be open to the public. A gala awards dinner, brought to you by Difference Capital and the TSX, will follow the First Annual Cantech Investment Conference, on January 16th, at the Metro Toronto Convention Centre.

Tickets to the Cantech Letter Awards, including a limited number of tables of ten, are still available. Click here, or contact Contact Karen Renaud at Cambridge House to reserve. ( or Direct at (604) 398-5356). For tickets to the Cantech Investment Conference, featuring keynote speaker Commander Chris Hadfield, click here.

The finalists for Cantech Letter Cleantech Stock of the year were chosen by a panel of equity analysts. The finalists are the companies that received the most points in this process (we gave three points for first place, two for second and one for third. In the event of a tie, the company receiving the most first place votes was chosen.) The judges will vote on the consensus picks using the same scoring system.

We told our judges we were looking for the most outstanding candidate and asked them to use their own discretion to weigh factors such as revenue and earnings growth, share price appreciation and gains in market capitalization. Is a stock that gained 100% but moved from $0.15 to $0.30 more worthy than one that gained 75% but added billions in market cap? These are the decisions we left to their discretion as a professional.

Here are the three finalists for 2013 Cantech Letter Cleantech Stock of the Year.


glv logo

Montreal-based water treatment company GLV Inc. enjoyed a steady rise throughout 2013 on the back on continued contract wins. The company recently booked a $28-million contract with the City of Canton, Ohio. GLV will build to build North America’s largest membrane bioreactor filtration system to treat waste water.

Hydrogenics (TSX:HYG)

hydrogenics logo

In a research report earlier this year, Byron Capital analyst Dev Bhangui said that after posting losses for many years, Hydrogenics is positioned extremely well as a hydrogen energy pure play. He says that while numerous technologies have been fighting for space in the renewable energy storage market, hydrogen-based solutions have a clear edge because they are simple, high capacity, flexible and economical.

Pure Technologies (TSX:PUR)

pure technologies logo

Pure Technologies began to move late in the year, buffered by increased contracts wins and a better outlook for its recently introduced technologies. The company’s Smart Ball, a free-swimming leak detection technology that was designed to operate in live large diameter water mains is now being adopted by the oil and gas sector.


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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.
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