Cleantech Investor News; Hoggan 20-10 Clean Company List Beats Overall Equity Indices in Q1 2010

Cleantech Investor News; Hoggan 20-10 Clean Company List Beats Overall Equity Indices in Q1 2010

Winners include power companies with BC Hydro contracts and tech innovators enabling cleaner & more efficient transportation

VANCOUVER, BRITISH COLUMBIA--(Investorideas.com renewable energy/green newswire ) - 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.

Hoggan 20-10 Clean Company List

The biggest market value increases for TSX clean energy/technology companies during Q1 2010 achieved by:

Company Market Value Change
Electrovaya Inc., which is commercializing lithium ion super polymer rechargeable battery technology Market value increased 300% to $232 million
Westport Innovations, supplier of products and technology that enable engines to operate on natural gas and other clean-burning fuels Market value increased 58% to $640 million
Innergex Renewable Energy Inc., developer and operator of hydro and wind generating power facilities Market value increased 46% to $190 million
The biggest market value increases for TSXV-listed clean energy/technology companies during Q1 2010 achieved by:

Company Market Value Change
Finavera Renewables Inc., developer of wind energy projects in Canada and Ireland Market value increased 133% to $31.2 million
Sustainable Energy Technologies Ltd. , developer of solar energy projects and systems that increase total system yields while also addressing emerging safety concerns Market value increased 41% to $62 million
B.C. Clean 15

The biggest market value increases for TSX or TSXV clean energy/technology companies based in British Columbia during Q1 2010 (excluding Finavera Renewables and Westport Innovations which are described above) achieved by:

Company Market Value Change
Ballard Power Systems Inc., developer, manufacturer and seller of proton exchange membrane hydrogen fuel cells Market value increased 36% to $228 million
Sea Breeze Power Corp., developer of wind farm, run-of-river hydro and electricity transmission projects Market value increased 34% to $23 million
The events and achievements that drove the market value increases of these companies are outlined at www.hoggan.com/cleantech

The Hoggan 20-10 Clean Company List and B.C. Clean 15 List are not intended in any way as investment recommendations. Hoggan & Associates recommends that investors conduct their own research and due diligence into the investment merits of these or other companies and/or consult qualified investment advisors.

About Hoggan & Associates Inc.

With more than 25 years in the business, Hoggan and Associates Inc. is a leading Vancouver-based public relations firm, specializing in corporate and investor communications, environmental communications, media relations and crisis communications. Clients Hoggan has worked with include A&W Food Services of Canada, Ballard Power Systems, BC Hydro, Business Objects (now part of SAP Canada), Canadian Tire, Chrysalix, Day4Energy Inc., Electronic Arts Canada, Ethical Funds, General Fusion, Glentel Inc. and MacDonald Dettwiler & Associates Limited (MDA). Hoggan and Associates is also the proud recipient of the public relations industry's highest award for crisis management, the Public Relations Society of America's Silver Anvil award. For more information about Hoggan, including clients and team biographies, please visit our website at www.hoggan.com.

This news release and the complete Hoggan 20-10 Clean Company and Hoggan Clean 15 lists are available at our website at www.hoggan.com.

Footnotes:

(1) Among the companies reviewed for inclusion on the Hoggan Clean 20-10 and B.C. Clean 15 lists, Hoggan has provided communications consulting services to the following: Ballard Power Systems Inc., Day 4 Energy Inc. and Naikun Wind Energy Group Inc.

(2) To qualify for the Hoggan list, companies must have a primary focus on clean energy/clean technology.



For more information, please contact

Hoggan & Associates Inc.
Shafiq Jamal
Executive Vice President & Senior Counsellor
604-742-4269
sjamal@hoggan.com
www.hoggan.com
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