Sustainability

Raymond James established the first dedicated sustainability investment banking practice in Canada. The practice was created to provide the best advice and support to companies and investors focused on sustainability, leveraging our proven track record of completing transactions across the sustainability landscape.

Who We Are

Investment Banking

Daniel Magder, Managing Director
daniel.magder@raymondjames.ca
+1 (416) 777 7150
Daniel joined Raymond James in 2015 from FTI Consulting, where he was a member of the corporate finance & restructuring group. Daniel has considerable experience in capital markets, mergers & acquisitions and corporate restructurings. Daniel is a Chartered Accountant and holds a Bachelor of Science degree in Accounting from Yeshiva University.

Equity Research

David Quezada, CFA
david.quezada@raymondjames.ca
+1 (604) 659 8257
David joined Raymond James in 2009 as an Equity Research Associate and was promoted to Equity Analyst in 2016. David’s sustainability-related coverage includes clean generation, resource management (emissions) and bio-based chemicals & fuels. He is the first analyst in North America to publish research on companies in the voluntary carbon offset industry and has hosted numerous webinars educating the market on the sector. Prior to joining the firm, David spent time working at Connor, Clark, & Lunn as well as at HSBC in Commercial Banking. David is a Chartered Financial Analyst charterholder and holds a Bachelor's of Business Administration from Simon Fraser University.

Recent Reports:

GRN | Reduced 4Q22 Order Activity Weighs on Results; IRA and LCFS Changes Could Save the Day

PIF | 4Q22 A Bit Light; Affirm SB1 on Accretive Growth Opportunities

INE | Soft 4Q22 Largely Expected; Adjusting Rating to OP2

Michael Glen, CFA
michael.glen@raymondjames.ca
+1 (514) 687 5970
Michael joined Raymond James in 2019 as an Equity Analyst. Michael’s sustainability-related coverage includes mobility, electrification, efficiency and resource management (water). Prior to joining the firm, Michael worked at Macquarie Group covering Canadian equities. Michael is a Chartered Financial Analyst charterholder and holds an MBA from McGill University and a Bachelor of Science from the University of Toronto.

Recent Reports:

BLDP | 4Q: Visibility Continues to be Challenging

LEV | Pivotal Year Ahead; Gross Margin Pressure Disappointing

VNP | 2023 and 2024 Guidance Illustrates Constructive Set-Up

Steven Hansen, CFA, CMA, CPA
steve.hansen@raymondjames.ca
+1 (604) 659 8208
Steve Hansen is a Managing Director and Equity Research Analyst with Raymond James Ltd. Steve’s sustainability-related coverage includes resource management (food & agriculture, waste). Prior to joining the firm in 2005, Steve was employed as a Stock Analyst with Morningstar covering the Paper & Forest Products sector. He holds an MBA from the Richard Ivey School of Business and a Bachelor of Science in Forestry from the University of British Columbia. Steve is a Chartered Financial Analyst charterholder as well as holds the CPA/CMA designation.

Recent Reports:

FDGE | 4Q22 In-Line. Cash Burn Improves, But Revenue Growth Still Elusive. Lowering Target. UP4.

FARM | New Enterprise Contracts Totaling $9.5 Mln Further Validate Power of Integrated Model. SB1

CUB | 3Q22 Weak. Backlog Still Not Converting. Sprinting to Redirect Focus. Lowering Target. MP3

Recent Sustainability Webinars

March 21, 2023 | Investor Webinar: Water technology company, Franklin Electric (FELE)

March 8, 2023 | Accelerating a Net-Zero Future: Company Spotlight on Carbon Streaming Corp.

January 11, 2023 | Technology in Carbon Offset Markets – Part 2

November 29, 2022 | Investor webinar: Following COP27, let's take a global perspective on decarbonization, featuring climate policy expert, Kingsmill Bond