Last week, Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) hosted their 8th Cleantech Investor Day – an institutional investor-focused series that was first launched in 2008. In partnership with Sustainable Development Technology Canada (SDTC), and supported by sponsors McMillan LLP and MNP LLP, the half-day event shined a light on Canada’s clean technology sector, a powerful economic opportunity for our country and an industry on the rise in multiple jurisdictions across the world.
The TSX/TSXV Investor Day series is relatively unique in Canada in that it gives both public and private companies, across all sectors, an opportunity to tell their story to a broad range of representatives from the capital markets. This year’s TSX/SDTC Cleantech Investor Day showcased the strength of the Canadian clean technology and renewable energy industry, and welcomed five public companies and six private companies from the sector, representing a broad range of service and product offerings, geographies and stages of development. Here is a list of the companies that presented at the event:
- dPoint Technologies Inc. (privately held)
- Pure Technologies Ltd. (TSX:PUR)
- Pulse Energy Inc. (privately held)
- 5N Plus Inc. (TSX:VNP)
- Enerkem Inc. (privately held)
- Hydrogenics Corporation (TSX:HYG)
- GaN Systems Inc. (privately held)
- OneRoof Energy Group, Inc. (TSXV:ON)
- Endurance Wind Power Inc. (privately held)
- DIRTT Environmental Solutions Ltd. (TSX:DRT)
- Temporal Power Ltd. (privately held)
As a result of a strong speaker list and continued investor interest in the sector, the event had a standing-room only audience of over 120 capital market professionals, including institutional investors, equity research analysts, investment bankers and venture capitalists.
The clean technology and renewable energy sector on TSX and TSXV is vibrant and growing. Taken together, the exchanges are home to over 115 cleantech companies – more than any other exchange in the world. Halfway through 2014, the sector reached its highest ever month-end market value of $27 billion. As at the end of July, there have been eight initial public offerings and new listings in the last 12 months*. TSX- and TSXV-listed companies in the sector raised more than $1.5 billion in growth capital so far this year, marking the sixth consecutive year where capital formation in the sector was above $1 billion. Notably, the S&P/TSX Renewable Energy and Cleantech Index has outperformed the S&P/TSX Composite, the S&P/TSX 60, and several global cleantech benchmarks year-to-date in 2014 and over the last three years.**
If the event’s attendance numbers and the sector’s statistics are an indication, cleantech is alive and well in Canada and the buy-side is energized by the various investment opportunities.
* As at July 31 2014, five companies listed on TSX and three companies listed on TSXV since August 2013.
** As at August 31, 2014; returns based on total returns, per S&P Dow Jones.
“S&P”, as part of the composite mark of S&P/TSX which is used in the name the S&P/TSX Composite Index, the S&P/TSX 60 Index and other S&P/TSX indices, refers to a trade-mark of Standard & Poor’s Financial Services LLC and is used under license by TSX Inc.