Why the ClearVue (ASX:CPV) share price is soaring 25% this week

The company’s shares are set to finish the week off strongly…
The post Why the ClearVue (ASX:CPV) share price is soaring 25% this week appeared first on The Motley Fool Australia. –

The ClearVue Technologies Ltd (ASX: CPV) share price has shot up this week, posting gains of almost 25% for investors.

This follows the smart building materials company’s announcement on Wednesday that it had received a first order from a Japanese distributor.

At the time of writing, ClearVue shares are up 5.7%, trading at 37 cents.

What’s driving ClearVue shares higher?

In its release, ClearVue advised that Japanese greenhouse leader Tomita had placed an order for its solar photovoltaic (PV) glazing solution.

ClearVue signed an exclusive distribution agreement with Tomita in April for the sale and marketing of its product.

The company said the patented solution would be used in a greenhouse at a tourism eco-project in Japan.

In total, 187 ClearVue glazing panels will be installed, covering an area of around 333sq m. This will be deployed into a roof of a strawberry greenhouse which forms part of the Aqua Ignis Hot Springs project.

The advanced glass technology incorporates a clear lamination layer between glass panels that drives unwanted wavelengths of UV and IR light to solar PV cells. Located around the edge of an integrated glazing window unit, the solar PV cells are used to generate electricity.

The company expects that the PV glazing panels on the greenhouse will generate approximately 8,573kWh of renewable energy per year.

No doubt, investors are excited about the company’s latest developments, sending the ClearVue share price higher.

Management commentary

ClearVue executive chair Victor Rosenberg commented:

The Aqua Ignis project in Sendai is a great starting project for ClearVue distributor Tomita and it will provide invaluable insights into the installation and technical nuances of the ClearVue product before Tomita takes on larger scale greenhouse projects throughout Japan.

Additionally, the high-profile nature of the project will provide invaluable marketing and promotion for both Tomita and ClearVue, demonstrating not only the benefits of the ClearVue product but also its versatility in different application settings.

About the ClearVue share price

The ClearVue share price has surged more than 160% over the past 12 months.

Based on today’s price, ClearVue commands a market capitalisation of roughly $77.7 million, with about 210 million shares on issue.

The post Why the ClearVue (ASX:CPV) share price is soaring 25% 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 nearly 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 August 16th 2021

More reading

These recent ASX IPOs have just reported for the first time. How’d they go?

CV Check (ASX: CV1) share price gains on FY21 earnings
Why is the Coles (ASX:COL) share price down 5% this week?
Australian Finance Group (ASX:AFG) share price gains on FY21 profit boost
Sonic Healthcare (ASX:SHL) share price hits record high at $43.43

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!