The ClearVue (ASX:CPV) share price is up 65% in a month. Here’s why

The ClearVue (ASX:CPV) share price is up 65% in a month. Here's why

The ClearVue Technologies Ltd (ASX: CPV) share price is up 65% in the last month. We take a look at what is sending the ASX share higher.

Mitchell Lawler

Mitchell stumbled upon the concept of investing when in high school, devotedly urging his parents to put some money into a handful of technology companies with increasingly popular products among his demographic – many of which have gone on to great success. It wouldn’t be until 2017, some five years later, that Mitchell became an investor of his own money. Having studied and worked as a mechanical engineer in the building services industry, Mitchell takes a methodical and analytical approach to evaluating businesses. Rather than relying purely on numbers, Mitchell drills beyond a company’s metaphorical mantle to unearth obscure patterns or competitive advantages that would go otherwise unnoticed. His expertise resides within areas such as software, consumer goods, and building services equipment. However, his quest to find quality companies that set the industry standard and flex some degree of an impenetrable position has no limits – small cap to mega cap, cosmetics to healthcare – if it’s an exceptional business it’s on his radar.

Published April 13, 2021 3:43 pm AEST

It's another cracking day for the ClearVue Technologies Ltd (ASX: CPV) share price. This comes as it rallies a further 17% higher to 69 cents a share.

In isolation, today's performance alone is impressive, but the real eyebrow-raising occurs over a longer timeline. Taking a look at the bigger picture, the ClearVue share price is 65% higher now than it was a month ago. Right now you may be asking "what's the fuel setting the photovoltaic company's shares on fire? Let's take a look.

Five stacked building blocks with green arrows, indicating rising inflation or share prices — Image source: Getty Images

Renewables are gaining interest

ClearVue's share price has likely been the beneficiary in what seems to be an insatiable demand for renewable investments this year. To clarify, the company has developed glass that can harness solar energy, effectively turning windows into photovoltaic solar panels.

This means ClearVue could be accounted for in the same group as other recent renewable highflyers. These companies include:

Solar and wind farm operator, Tilt Renewables Ltd (ASX: TLT) up 92% in the last 6 months;
Solar farm operator Genex Power Ltd (ASX: GNX) up 24% in the last 6 months; and
Freshly listed bioenergy producer, Delorean Corporation Ltd (ASX: DEL) up 95% since its ASX debut yesterday.

Much of the excitement stems from the US government's $2 trillion (with a T) infrastructure and green energy plan. This is aimed at addressing climate change. Investors are clamming to get ahead of the curve, as governments begin to pour big money into renewables.

With a product that could see buildings making better use of all that vertical exposure, ClearVue is seeking to capture the spending needed to make a greener way of living.

Other news sending the ClearVue share price skyward

It's more than a prototype — that's what ClearVue has been pushing heavily with recent marketing efforts. The company emphasised this towards the end of March with its listing on the OTCQB, an over-the-counter market for early-stage companies in the US. Around the same time, ClearVue launched a marketing campaign targeting architects, façade engineers, and sustainability engineers.

In addition, ClearVue's latest share price jump comes after the appointment of Japanese greenhouse leader, Tomita Technologies, as a distributor. The agreement will see Tomita as the exclusive distributor in Japan for the next 5 years, with the option to extend. The deal shows promising signs for ClearVue to move ahead with commercialising its technology.

Having already gained 495% in the last year, the ClearVue share price is certainly outperforming the S&P/ASX 200 Index (ASX: XJO). For comparison, the benchmark index has delivered 29.4% over the last 12 months.

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