10 Best Junior Green Stocks To Invest in 2021

Green stocks are the market buzzword. With the Canadian government policy aiming to increase the participation of companies in green businesses, these junior stocks are likely to soar soon. We explore the performance of 10 junior TSX Venture Exchange (TSXV) green stocks that emerged as category winners in the recent TSXV 2021 Venture 50 contest.

The green stocks from the top 50 list of best performing stocks include:

• Greenlane Renewables Inc. (TSXV:GRN)
• GreenPower Motor Company Inc. (TSXV:GPV)
• Good Natured Products Inc. (TSXV:GDNP)
• Xebec Adsorption Inc. (TSXV:XBC)
• Clear Blue Technologies International Inc. (TSXV:CBLU)
• UGE International Ltd. (TSXV:UGE)
• Nano One Materials Corp. (TSXV:NNO)
• Alvopetro Energy Ltd. (TSXV:ALV)
• Facedrive Inc. (TSXV:FD)
• American Lithium Corp. (TSXV:LI):

1. Greenlane Renewables Inc. (TSX:GRN)

Burnaby-based Greenlane Renewables Inc. is involved in upgrading biogas systems to produce renewable gas from waste sources. Its revenue streams include sale of its renewable energy production systems and after sale services. It operates in North America and Europe, with the latter generating most if its revenues.

The stock, with a market capitalization of C$ 225 million, grew 315 per cent in the last one year.

2. GreenPower Motor Company Inc. (TSXV:GPV)

Vancouver-based GreenPower Motor Company manufactures and distributes all-electric chartered, school and city buses.

The C$ 429-million market cap-player grew 702 per cent in the last one year, as per TSX data.

Its scrip trades at C$ 20.79, after it opened on June 3, 2021. It traded at its 52-week highest of C$ 43.62 on January 6, 2021.

3. Good Natured Products Inc. (TSXV:GDNP)

The bioplastics designing, production, and distribution company offers its products in the US and Canadian markets. Its products are used for applications including food packaging.

The company’s stocks were trading at C$ 1.16 as of June 3, 2021. Its holds a market capitalization of nearly C$ 248 million and offers a 508.02 per cent return on equity.

Source: Pixabay

4. Xebec Adsorption Inc. (TSXV:XBC)

Xebec Adsorption is a manufacturer of equipment required for purification of gases and compressed air.

The stock, which currently trades at C$ 8.55 after the trading session opened on June 3, 2021, has a market capitalization of over C$ 265 million.

The TSXV stock has a debt-to-equity (D/E) ratio of 0.17.

5. Clear Blue Technologies International Inc. (TSXV:CBLU)

Clear Blue Technologies is a Canada-based company that develops solar power solutions and services. It is one of the top 10 companies, as per the 2021 TSXV 50 contest’s ‘clean technology and life sciences’ category.

It has a market capitalization of nearly C$ 25 million, with a D/E ratio of 0.19.

In its first quarter ended March 31, 2021, the company reported an over 1350 per cent increase in its quarterly revenue, and a 22 per cent increase in its gross profit, as compared to the same period last year.

6. UGE International Ltd. (TSXV:UGE)

UGE International is a technology-sector stock with an over C$ 39 million market cap. The player is a turnkey commercial solar company which develops and finances solar power projects across the US, Canada, and Philippines.

The stock grew about 348.3 per cent in the last one year, touching its 52-week highest at C$ 3.24 on Jan 26, 2021.

Its self-financed projects backlog rose to 70.5 megawatts in the first quarter ended March 31, 2021.

7. Nano One Materials Corp. (TSXV:NNO)

TSXV stock Nano One Materials offers technological development of processes used for the production of cathode powers. These are used in lithium-ion batteries, which form a key component in electric vehicles.

The company has a market capitalization of C$ 457 million, and a D/E ratio of 0.02.

Its scrip, which currently trades at C$ 4.80 after the trading session opened on June 3, 2021, grew 229 per cent in the last one year. Its stock touched its 52-week highest at C$ 6.5 on December 30, 2020.

8. Alvopetro Energy Ltd. (TSXV:ALV)

Alvopetro Energy is a green penny stock with a market capitalization of C$ 90.8 million, and a scrip that currently trades at C$ 0.91, on June 3, 2021.

The company is involved in the exploration, acquisition, and development of hydrocarbons in Brazil. Its current price-to-earnings ratio is 12.80, a price-to-book ratio of 1.468, and a D/E ratio of 0.41.

The stock returned nearly 54 per cent returns in the last one year, and touched its 52-week high of 1.11 on March 26, 2021.

9 Facedrive Inc. (TSXV:FD)

One of Canada’s favorite green stocks, Facedrive is a ridesharing company in the technology sector, where customers can choose rides in electric, hybrid and gas-powered vehicles via its application.

The green stock company has a market capitalization of nearly C$ 1.6 billion, while its stock currently trades at C$ 16.45 on the TSXV exchange, as on June 4, 2021.

Facedrive grew nearly 34 per cent in the last one year. However, the stock is slightly down. This could be due to another wave of COVID-19 infections across Canada, which restricted the use of ridesharing services.

10. American Lithium Corp. (TSXV:LI)

American Lithium Corp is a company involved in the exploration, acquisition and development of lithium deposits.

The use of lithium in electric vehicles makes American Lithium Corp, a C$ 312 million market cap-company, a great green stock to explore.

The TSXV company has a D/E ratio of 0.08, and currently trades at C$ 1.81, as on June 3, 2021.

The stock grew nearly 53 per cent in the last one year, touching its 52-week high at C$ 4.21 on February 10, 2021.

Please note: The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.