We released the latest update of the Hoggan 20-10 Clean Company list today.
The largest clean energy/technology companies traded on Canada’s Toronto Stock Exchange (TSX) outperformed the overall Canadian and United States equity markets during the First Quarter of 2010, according to the latest update of the Hoggan 20-10 Clean Company List released today.
The average value gain of the 20 largest clean energy/technology companies traded on the TSX was 25% compared with the TSX composite whose average gain was 2.5%. In the U.S., the S&P 500 increased 5%, the Dow Jones Industrial Average increased 4% and the NASDAQ composite average increased 5.5%.
The average value gain of the 10 largest clean energy/technology companies traded on the Toronto Stock Exchange Venture (TSXV) market was 4% compared with the TSXV composite average’s 4.8% gain.
The Hoggan 20-10 Clean Company List includes the 20 largest clean energy/technology companies traded on the TSX and the 10 largest clean energy/technology companies traded on the TSXV as measured by market value at close of trading March 31, 2010.
Also released today was the Hoggan B.C. Clean 15 list that tracks the 15 largest clean energy/technology B.C.-based companies trading on either the TSX or the TSXV. The average Q1 value gain of the Hoggan B.C. Clean 15 was 15%.
The lists, first launched in 2009, are updated quarterly by Hoggan & Associates, a Vancouver-based communication firm that specializes in the clean energy/technology sector. (1) (2)
Shafiq Jamal, Hoggan & Associates Executive Vice President, said value gains during Q1 2010 have been achieved by companies that are successfully competing in commercial markets and are effectively communicating their progress to investors.
“The most impressive value gainers have been clean power companies that have won commercial power sales contracts with B.C. Hydro and clean technology innovators on the leading edge of enabling cleaner and more efficient cars, trucks and buses.
“Investors have shown they are not interested in pie-in-the-sky ideas. They are interested in companies that can fill the huge need for commercial alternatives to fossil fuels and energy waste,” said Jamal. “Clean energy/technology companies that want to compete successfully for investor attention must effectively demonstrate that their business plans are leading to commercial products and services that generate revenue and profits.”
“Our Hoggan 20-10 Clean Company and B.C. Clean 15 lists are scoreboards highlighting the success that clean power and clean tech companies are having at attracting investors,” said Jamal.
Click on the links below to download a full PDF version of:
Hoggan & Associates Clean 10 TSVX – 10 largest TSXV-listed clean tech companies by market value
Hoggan & Associates B.C. Clean 15 List – 15 largest TSX/TSVX-listed clean tech companies in BC.
Hoggan & Associates Clean 20 TSX – 20 largest TSX-listed clean tech companies by market value.