Here’s why the ClearVue Technologies (ASX:CPV) share price is surging 66% this week

What’s got ClearVue shares on the move this week?
The post Here’s why the ClearVue Technologies (ASX:CPV) share price is surging 66% this week appeared first on The Motley Fool Australia. –

Key Points

The ClearVue share price is up 27% today, and 66% this week
Completed archetype model building scored impressive results on the energy star rating system
Work is currently underway to further progress ClearVue products

The ClearVue Technologies Ltd (ASX: CPV) share price has accelerated this week, registering impressive gains of 66% for investors.

This follows the company’s announcement on Wednesday regarding recent modelling work undertaken to achieve energy neutral buildings.

At the time of writing, the smart building materials company’s shares are up 27.78% to a 6-month high of 46 cents.

What’s driving ClearVue shares higher?

In its release, ClearVue released the findings of a completed archetype model building demonstrating highly energy efficient improvements.

The company highlighted how its product can achieve a net-zero or near-zero energy-use building.

The modelling was completed on a design in Toronto, Canada, and benchmarked against the Toronto Green Standard (TGS) from 2030. This code is recognised as one of the world’s highest standards of building performance.

The modelled building scored 99 out of 100 points in the energy star rating system and was in the top 1% of Canadian office buildings for energy performance.

ClearVue’s patented solar glazing technology cuts heating and cooling costs, by diverting unwanted solar radiation to photovoltaic cells which convert to electricity.

The archetype model is a six storey office building on a 15,000 square metre footprint in Toronto, Canada. The building notably used higher glazing to wall ratios on the facades for higher solar exposure.

ClearVue stated that the current archetype modelling is restricted to the ‘in-use’ phase of the building. Work on the life cycle assessment is currently underway to produce an environmental product declaration for the ClearVue products.

ClearVue executive chair, Victor Rosenberg commented:

The developed Archetype model clearly shows how the ClearVue PV product can play a significant role in the design of Net Zero and Near Zero Energy Buildings of the very near future.

The ClearVue PV glazing through its energy efficiency and energy generation offers a solution for these architects, engineers and developers struggling with how to design buildings to meet these new codes while maintaining expansive views and maximising building daylighting.

About the ClearVue share price

Over the past 12 months, the ClearVue share price has surged more than 50%, reflecting positive investor sentiment.

Based on today’s price, ClearVue commands a market capitalisation of roughly $97.36 million, with approximately 211.66 million shares on issue.

The post Here’s why the ClearVue Technologies (ASX:CPV) share price is surging 66% this week appeared first on The Motley Fool Australia.

Should you invest $1,000 in ClearVue right now?

Before you consider ClearVue, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ClearVue wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

Why Afterpay, BWX, Pendal, and Temple & Webster shares are sinking

Why AnteoTech, BrainChip, City Chic, and ResMed shares are charging higher

Here’s why the Pushpay (ASX:PPH) share price could be significantly undervalued

Shopping for some new ASX ETFs in 2022? Here’s what you need to know

An ASX XI to take on the world

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!