وطن نيوز
n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”CANFOR”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Domtar Corp. (UFS) +20.1%“,”type”:”text”,”isParagraph”:true},{“text”:”The forest products boom extends to Domtar Corp., too. Despite mixed results in its first-quarter financials, released Thursday, the pulp and paper company stock rallied as it disclosed takeover talks with Paper Excellence, its Canadian rival, for a deal that could be worth more than $3-billion (USD). Should the transaction be approved, it would create one of the world’s largest pulp and paper companies. “,”type”:”text”,”isParagraph”:true},{“type”:”textBreakPoint”,”insertAt”:”contentMiddleBreakPoint”},{“snippet”:”n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”DOMTAR”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Stelco Holdings Inc. (STLC) +19.2%“,”type”:”text”,”isParagraph”:true},{“text”:”Stelco is another benefactor of the commodities boom. The Hamilton-based steel company revealed its first-quarter earnings last week, reporting a 49 per-cent jump in revenue to $665-million from a year earlier. The added revenue was largely thanks to rising steel prices and increase in shipping volumes in recent months. Unlike other commodities, the rally is driven almost entirely by strong demand in the auto and infrastructure sector, CEO Alan Kestenbaum said.”,”type”:”text”,”isParagraph”:true},{“snippet”:”n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”STELCO”,”internalScroll”:false,”displayStyle”:”small-up”},{“type”:”ad”,”heading”:”ARTICLE CONTINUES BELOW”,”name”:”ArticleSecondBigBox”,”display”:”medium-down”,”pos”:”2″,”interstitial”:true,”sizes”:[[300,250]]},{“text”:”LOSERS “,”type”:”text”,”isParagraph”:true},{“text”:”Ballard Power Systems Inc. (BLDP) -31.3%“,”type”:”text”,”isParagraph”:true},{“type”:”cta”,”buttonText”:”Sign Up Now”,”buttonLink”:”/emails.html?nsrc=article-inline-covid”,”description”:”Never miss the latest news from the Star, including up-to-date coronavirus coverage, with our email newsletters”,”title”:”Get the latest in your inbox”},{“text”:”Stocks in the alternative energy sector have been on the decline lately. Ballard, the B.C.-based hydrogen fuel cell technology firm, isn’t exempt from this trend. Last Monday, the company reported a 26 per cent decrease in revenue compared to the year-ago quarter, largely missing expectations. While analysts expected revenue to grow to $25.7 million, the company reported total revenue of just $17.6 million. “,”type”:”text”,”isParagraph”:true},{“snippet”:”n n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”BALLARD POWER SYSTEMS”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”RIV Capital (RIV) -14.4%“,”type”:”text”,”isParagraph”:true},{“type”:”relatedStories”,”relatedStories”:[]},{“text”:”The investment and acquisition company, specializing in cannabis, has fallen on hard times in recent months. Canopy Growth, the cannabis producer from Smith Falls, Ont., unloaded its ownership of the subsidiary in February in exchange for a chunk of TerrAscend, a Toronto-based vertically integrated cannabis company. The stock is now valued around $1.99 on the TSX.”,”type”:”text”,”isParagraph”:true},{“type”:”slimcut”},{“snippet”:”n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”RIV CAPITAL “,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Maxar Technologies Inc. (MAXR) -20.5%“,”type”:”text”,”isParagraph”:true},{“type”:”textBreakPoint”,”insertAt”:”contentEndBreakPoint”},{“text”:”Maxar Technologies, the Colorado-based space technology company, sold off sharply last Tuesday when the company reported worse-than-expected earnings and revenue. The company revealed first-quarter earnings amounting to -$1.30 per share, well below the expected $1.06 per share. It also announced revenue of $392 million, missing an expectation of $560.3 million.”,”type”:”text”,”isParagraph”:true},{“snippet”:”n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”MAXAR TECHNOLOGY”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Jacob Lorinc is a Toronto-based reporter covering business for the Star. Reach him via email: jlorinc@thestar.ca”,”author”:{“author”:”Jacob 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WINNERS
Canfor Corp. (CFP) +9.2%
Unless you’re a tree, it’s a good time to be in the lumber business. Canfor, one of the world’s largest producers of wood, reported a first-quarter profit of $427.8-million last week, compared with a loss from a year ago. The revenue was boosted by record results in the forest production industry and improved earnings in the company’s pulp and paper operations.
Domtar Corp. (UFS) +20.1%
The forest products boom extends to Domtar Corp., too. Despite mixed results in its first-quarter financials, released Thursday, the pulp and paper company stock rallied as it disclosed takeover talks with Paper Excellence, its Canadian rival, for a deal that could be worth more than $3-billion (USD). Should the transaction be approved, it would create one of the world’s largest pulp and paper companies.
Stelco Holdings Inc. (STLC) +19.2%
Stelco is another benefactor of the commodities boom. The Hamilton-based steel company revealed its first-quarter earnings last week, reporting a 49 per-cent jump in revenue to $665-million from a year earlier. The added revenue was largely thanks to rising steel prices and increase in shipping volumes in recent months. Unlike other commodities, the rally is driven almost entirely by strong demand in the auto and infrastructure sector, CEO Alan Kestenbaum said.
LOSERS
Ballard Power Systems Inc. (BLDP) -31.3%
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Stocks in the alternative energy sector have been on the decline lately. Ballard, the B.C.-based hydrogen fuel cell technology firm, isn’t exempt from this trend. Last Monday, the company reported a 26 per cent decrease in revenue compared to the year-ago quarter, largely missing expectations. While analysts expected revenue to grow to $25.7 million, the company reported total revenue of just $17.6 million.
RIV Capital (RIV) -14.4%
The investment and acquisition company, specializing in cannabis, has fallen on hard times in recent months. Canopy Growth, the cannabis producer from Smith Falls, Ont., unloaded its ownership of the subsidiary in February in exchange for a chunk of TerrAscend, a Toronto-based vertically integrated cannabis company. The stock is now valued around $1.99 on the TSX.
Maxar Technologies Inc. (MAXR) -20.5%
Maxar Technologies, the Colorado-based space technology company, sold off sharply last Tuesday when the company reported worse-than-expected earnings and revenue. The company revealed first-quarter earnings amounting to -$1.30 per share, well below the expected $1.06 per share. It also announced revenue of $392 million, missing an expectation of $560.3 million.
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