AUS
NZ
UK
CA
USA
IND
Summary
- A ride-sharing company’s stock soared 596 per cent in 2020 and made it to TMX’s top junior tech companies.
- Stocks of a Vancouver-based clean vehicle manufacturer zoomed 1815 per cent year-to-date. The company is highly ranked on TMX’s junior consumer goods list.
- Both stocks are listed among TMX’s Rising Stars, guided by their last three-month stock performances.
While most stocks witnessed unprecedented lows in 2020, a few delivered remarkable returns. After the COVID-19 outbreak in March, investors started shifting towards sustainable stocks that hold better prospects. The federal government also came up with more initiatives to support these clean product companies. Consequently, these green stocks delivered eye-popping growth year-to-date (YTD). Let us delve into the following clean car stocks:
Facedrive Inc. (TSXV:FD)
The ride-sharing firm is one of the top emerging companies on the Toronto Stock Exchange Venture (TSXV). Stocks of this junior tech company have yielded nearly 596 per cent in 2020. In the last three months, the stock has surged almost 20 per cent. The company has a current market cap of nearly C$ 1.5 billion.
The stock has a price-to-book (P/B) ratio of 88.889 and a debt-to-equity (D/E) ratio of 0.50, as per the TMX portal. Facedrive is ranked among TMX’s Rising Stars and highly placed among junior tech companies.
In the third quarter of 2020, the company reported a revenue of C$ 266,460 against C$ 195,738 in Q3 2020. The company posted a marginal improvement in its net loss in Q3 2020 on a year-over-year basis. It recorded cash and cash equivalents of C$ 7.36 million in Q3 2020, compared to C$ 3.79 million in Q3 2019, according to the company’s financial statement.
GreenPower Motor Company Inc. (TSXV:GPV)
The Vancouver-based electric vehicle (EV) producer’s stock has skyrocketed over 1815 per cent year-to-date (YTD), driven by the ongoing global EV rally and a green push from the government. The stock has risen nearly 118 per cent in the last three months.
Its present market cap stands at approximately C$ 718 million. The EV company also made it to TMX’s Rising Stars that have outperformed the market (TSXV) in the last three months. GreenPower’s stock ranks highly among TMX’s junior consumer goods.
The EV stock has a P/B ratio of 17.38 and a D/B ratio of 0.17. Its current price-to-cashflow (P/CF) ratio is 9.30 as per the TMX portal.
In the third quarter, which ended on September 30, 2020, the EV manufacturer registered revenue of C$ 2.8 million, making a gross profit of 31.2 per cent of revenue. The company reported cash expenditures of C$ 1.7 million before sales in the second quarter. It developed and supplied a total of 21 buses, comprising 20 EV Stars, and one EV school bus during the quarter.
