Article highlights stock gains of Canadian listed geothermal players
Polaris Geothermal, Nevada Geothermal Power and Sierra Geothermal Power make the list of the companies having beat overall stock market indices this year on Canadian Stock Indices.
In a recent article on Clean Energy companies on the Toronto Stock Exchange, Polaris Geothermal, Nevada Geothermal Power and Sierra Geothermal Power make the list of the companies having beat overall stock market indices this year.
According to the article, “Market value increases of between 118% and 535% were achieved by 12 of the 30 largest clean energy/technology companies traded on Canada’s two major stock exchanges over the first nine months of 2009, according to the Hoggan 20-10 Clean Company List released today.
The Hoggan 20-10 Clean Company List includes the 20 largest clean energy/technology companies traded on the Toronto Stock Exchange (TSX) and the 10 largest clean energy/technology companies traded on the Toronto Stock Exchange Venture (TSXV) market as measured by market value at close of trading September 30, 2009.
“The Toronto Stock Exchange has become the global leader for clean energy/technology listings – and the Hoggan 20-10 and B.C. Clean 15 lists are scoreboards highlighting the success these companies are having at attracting investors,” said Shafiq Jamal, Hoggan & Associates Executive Vice President.”
The geothermal companies mentioned were: “Polaris Geothermal Inc. of Toronto, developer of a geothermal electricity project in Nicaragua, whose market value increased 258% to $76 million; and Nevada Geothermal Power Inc., a Vancouver-based developer of geothermal electric power in the Western United States where its first project is scheduled begin commercial generation this month, whose market valued increased 200% to $99 million; as well as Sierra Geothermal Power Corp., explorer and developer of geothermal power, whose market value increased 185% to $23 million.”
Source: James Hoggan & Associates Inc. via Sys-con