(Challenger 350 promotional image via Bombardier Inc.)
Many markets may have seen a higher start to the year so far, but there is far from a universal sentiment across the sectors, with some companies having a rougher start to 2021 than others.
If a stock goes up, must it inevitably come down, and if so, is the opposite also true? This has been a question long debated among Stockhouse Bullboarders, who were all over the movement of some of the companies with the biggest followings this past week that saw shares drop (or spike) to start the year.
We put the spotlight on three companies in three sectors this week that are leading their Bullboards in discussion with very similar price patterns. If they went up to end the year, did they calm down to start it off, and if they did, will they recover?
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When it comes to a high-flying stock that has been struggling to soar once again, few compare to
Air Canada Inc. (TSX: AC, Forum).
Following an “airworthiness directive” from Transport Canada, Canada’s biggest airline said it will resume commercial operations using Boeing's 737 MAX aircraft as of
February 1st, 2021.
The 737 MAX jets were grounded worldwide roughly 20 months ago, following crashes just months apart that killed almost 350 people.
For more details on this announcement, click video below with Captain Murray Strom, Vice President, Flight Operations at Air Canada.
(Video via Air Canada.)
In similar news, Canadian transport manufacturer Bombardier Inc. (TSX: BBD , Forum) recently delivered a brand-new Challenger 350 business jet (interior pictured at top), which will be available for charter out of the US West Coast.
The new jet will be added to Latitude 33 Aviation’s fleet, which manages one of the largest fleets of light, midsize and super-midsize aircraft in North America. The Challenger 350 business jet is currently the aircraft most preferred by its customers for luxury travel experiences.
Third up in the industrial sector is Gatekeeper Systems Inc. (TSX-V: GSI, Forum), a video and data solutions provider for public transportation and smart cities. GSI reported that its revenue for Q1 2021 was $4.9 million, the highest first quarter revenue in the company’s history and an increase of 48% when compared to the same period in the previous year. Also of note, gross profit was also the highest in its history at $1.7 million, an increase of 21% compared to the same period a year prior.
Speaking on these record-breaking figures, Gatekeeper’s President and Chief Executive Officer, Doug commented that fiscal Q1 was actually another in a long line of record-breaking quarters in all respects.
“It represents our 11th consecutive quarter of year-over-year revenue growth. Mobile video and mobile data have become rapid growth areas as school districts and transit authorities seek technology solutions to improve passenger safety and operational efficiency. The data from our devices is becoming increasingly more important in wide-ranging user applications including accident investigation, evidence management and COVID-19 contact tracing.”
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The tech sector has been abuzz with the future implications around power for the electric vehicle (EV) revolution, with the energy storage systems (ESS) market is projected to grow to almost
$550 Billion by 2035.
This has compelled one of the most popular companies in this space,
Tesla (NASDAQ: TSLA, Forum), to admit that it cannot keep up with the demand for ESS products, opening up a prime spot for
Extreme Vehicle Battery Technologies Corp. (CSE: ACDC, Forum) to move in and offer its own product, which is not only more powerful, but also cheaper than Tesla’s offering, which has gained a solid following among Bullboard posters. ACDC saw a lot of attention around the launch of its first new battery product in its IoniX Pro Series –
the Home Smart Wall, a lithium-ion battery ESS with artificial intelligence (AI) integration allowing real time monitoring, maintenance, and repairs.
While this is destined for personal use, ACDC just unveiled its own line of mega-storage industrial-scale ESS solutions with the launch of the TITAN series, designed to compete with Tesla’s MegaPack in the North American market.
In a news release detailing the specs for investors, EV Battery Tech Chief Executive Officer, Bryson Goodwin reiterated his company’s belief that the market for ESS or battery storage will increase exponentially in the coming years.
“With the imminent launch of our previously announced Home Smart Wall, we wanted to give the world a little sneak peek into the next series of products we intend to launch this year.”
Just like the Smart Wall series, the TITAN series is being rolled out to consumers at a lower price point than similar products sold by its competitors (such as Tesla), yet still boasts equal power and quality. This Week, Extreme Vehicle Battery Tech has kept busy with the launch of the
IoniX Pro Recreational Vehicle Series.
(Solar Alliance Energy Inc. stock chart. Oct 2020 to Jan 2021. Click to enlarge.)
Solar Alliance Energy Inc. (TSX-V: SOLR, Forum) announced this week that it had signed a contract with
Louisville Gas and Electric Company and
Kentucky Utilities Company, part of the
PPL Corporation (NYSE: PPL, Forum) family of companies, to build upon its solar system in Kentucky with
an additional 500-kilowatt (kW) phase.
Shares in SOLR have rallied since it signed a deal to build a solar project in Illinois. In collaboration with
Green Data Center Real Estate, the company will design and construct a $60 million (USD)
56-megawatt facility, which will include battery storage capabilities and generator-based backup power. Under the terms of the agreement, Green Data will be responsible for organising equity and debt for the project, while Solar Alliance has the option to contribute up to 10 per cent of the required equity.
Meanwhile, companies working to produce any solutions to ebb the COVID-19 pandemic spread are still popular among investors in the tech space. For example,
Datametrex AI Ltd. (TSX-V: DM, OTC: DTMXF, Forum) entered into a share exchange agreement with
Concierge Medical Consultants Inc. and its shareholders to acquire 100% of Concierge's issued and outstanding securities. Concierge is an arm’s length private telehealth and medical concierge services company.
Datamertrex will acquire all the issued and outstanding securities of Concierge for an aggregate purchase price of $750,000.
The company’s Chief Executive Officer, Marshall Gunter stated that health care is on the verge of a revolution, one that will be driven by AI technologies.
“Medical services are already strained by the growing demand for healthcare worldwide. By leveraging AI technologies, medical we will be able to provide services more quickly and accurately.”
The Canadian tech company launched the Concierge COVID-19 testing service
earlier this month for the travelling public designed for individuals to be tested from their own homes rather than lining up at medical locations in both Toronto and Vancouver.
CEO Gunter noted that with many countries requiring a pre-departure negative COVID-19 test to travel, Datametrex is now a greater part of the solution to safely and with confidence reopen travel destinations world-wide.
“We have provided companies and governments with thousands of PCR based testing over the last few months and believe that testing is one of the answers to protecting global citizens.”
The same can be said for healthcare companies who are working the fight against COVID, such as
Therma Bright Inc. (TSX-V: THRM, Forum), which remains an intriguing play that continues to gain attention. This week, THRM reported that it had acquired 100 % control of its
COVID-19 rapid saliva antigen test and mentions a proposed name change for said test.
This level of control includes its research and development, such as regulatory, manufacturing and commercialization of its saliva-based rapid antigen test. Therma Bright will retain 100% of all future revenue and profits from the sale of this test going forward.
Following our coverage in last week’s Buzz,
Sernova Corp. (TSX-V: SVA, Forum) continues to keep its name in the top 6 for healthcare companies. The clinical-stage regenerative medicine therapeutics company announced this week that it had received gross proceeds of
$4.3 million after exercising more than 14 million warrants. Sernova intends to use the proceeds to support its clinical diabetes programs including its US Phase I / II diabetes clinical trial, diabetes stem cell-derived technologies and to also accelerate treatments for hypothyroid disease and hemophilia A.
Finally, cannabis industry pioneer Bruce Linton has taken on a new role as Advisory Board Chairman at
Red Light Holland (CSE: TRIP, Forum). He joined TRIP CEO Todd Shapiro on Wall Street Reporter’s
“Next Super Stock” investors livestream to talk about what he sees for the coming global boom in psychedelics.
Red Light Holland produces and sells recreational grade psychedelic Magic Truffles to the current legal adult market in the Netherlands and is planning to expand into markets worldwide, as legislation is rapidly changing on a global scale. In this interview, he explains why he sees Psychedelics as the “New Cannabis”, and how he is helping this company get positioned to capitalize on this generational market opportunity for psychedelics.
This brings us to our investor pulse poll for the week, speaking on investor sentiment, we ask you where you think the stock market will finish 2021, higher or lower from where we began? Click on the image below to cast your vote.
Looking at last week’s poll about vehicle power, most of you are sticking with your gasoline-powered rides, while the future support behind hybrid and electric power remains almost split.
We head into February 2021 with a slightly elevated level of uncertainty next week, but as users on the Bullboards have shown, there are plenty of small cap opportunities to get excited about as well. For previous editions of Buzz on the Bullboards:
click here.
FULL DISCLOSURE: Gatekeeper Systems Inc., Extreme Vehicle Battery Technologies Corp., Datametrex AI Ltd., and Red Light Holland are clients of Stockhouse Publishing.