In the past week, the majority of impact sectors delivered a positive with the Mobility sector as the best performer. As always, there are interesting moves across the board. OptiCept Technologies became the winner of the week for the second week in a row. Furthermore, one stock was fueled by an MSEK 70 investment, while another company was labeled, “A Hidden Gem in the Electric Vehicle Market”.

NORDIC | IMPACT Helps you to invest more sustainably in the businesses of tomorrow. We track the development of more than 100 Nordic impact companies within multiple impact sectors from small to large cap.

Mobility stood out – again

In the past week, the Mobility sector stood out as the best-performing sector with a 5% return. The sector only consists of 5 stocks and is thus very volatile. Last week the return was driven by Clean Motion AB, a developer of electric tricycles, with a 24% return. The Energy Production Equipment & Services followed a 2% return mainly driven by Minesto and Hexagon Purus both rising 16%.

The average return of impact stocks the past week was 0.3%. All sectors except for the Mobility and Food & Beverages sectors are still down year-to-date and thus underperforming relative to the majority of global indexes that have risen.

Overview of the performance of each sector the past week

TOP 10 IMPACT STOCKS OF THE WEEK

OptiCept Technologies became the winner of the week for the second week in a row. The company works with biological processes that provide increased extraction from the raw material, extended shelf life reduced waste, and retained taste, aroma, color, the nutritional content of the end product. The stock rose 40% in the past week and is now up +100% following an order from FPS Food Process Solutions with an estimated value of MSEK 60.

Vow Green Metals’ plan is to build, own, and operate biocarbon production plants using pyrolysis technology to turn biomass and biomass waste streams into biocarbon. The stock rose 27% following an MSEK 70 investment from Vardar and Skagerak Energi pushing conviction into a stock that has been in a downward trend since Medio 2021.

Clean Motion is focused on the development of electric tricycles under its own brand Zbee. The vehicles are specially adapted for urban traffic, with the vision of offering sustainable vehicles. The stock rose 24% last week without any news from the company itself, but a research report called the company, “A Hidden Gem in the Electric Vehicle Market”, which fueled the stock to a +100% return the past year.

The average return for the top 10 impact stocks last week was 21.3%, which is lower than usual.

The 10 best-performing stocks in the past week

TOP 10 IMPACT STOCKS OF THE YEAR

The dynamics of the top 10 continue with new companies getting in each week. SaltX Technology is the best performer with a 107% increase year to date followed by Nordic Aqua Partners with a return of 102%. The two stocks are the only stocks to deliver a +100% return year-to-date. Compared to last week, the non-diary producer Veg of Lund moved out, while EcoUp, a company that offers technology for converting construction and demolition waste into reusable geopolymers, moved in.

The current average return of the top 10 stocks year-to-date is 68% higher than last week’s 63.5%.

Top 10 best-performing impact stocks of the year

All sectors year-to-date

Waste Management

The waste management sector, characterized by its essential and non-cyclical nature, should present a stable investment opportunity with long-term potential, driven by increasing environmental awareness, regulatory demands, and the growing need for efficient waste disposal and recycling solutions. Despite this, the majority of the stocks have performed negatively this year. EcoUp has created the largest return year-to-date closely followed by Scandinavian Enviro Systems.

Waste Management – YTD

Energy Production & Storage

The Energy Production and Storage sector offers substantial investment opportunities, as it stands at the forefront of the transition towards renewable energy sources, driven by climate concerns and technological advancements. Year-to-date, 11 stocks have delivered a positive return.

Energy Production & Storage – YTD

Energy Production Equipment & Services

The Energy Production Equipment & Services provides technical equipment and machines to other energy-producing companies such as Ørsted. The sector is to some extent influenced by oil and gas price fluctuations and industry trends. Year to date, Midsummer is the best stock with a 75% gain, while Volue, Green Hydrogen Systems, and Ferroamp are also performing great with 42-67% returns.

Energy Production Equipment & Services – YTD

Power2X & Fuel Cells

The Power-to-X and Fuel Cells sector offers exciting investment opportunities in the evolving landscape of clean and sustainable energy technologies, but investors should also be mindful of the evolving regulatory and competitive landscape in this rapidly advancing field. Cell Impact, Everfuel, Hynion , and NEL are the only stocks to have had a materially positive impact on the sector year-to-date.

Power2X & Fuel Cells – YTD

Food & Beverages

The food and beverages sector is heavily driven by consumer demand and having strong brands is a major advantage. Investors should consider factors such as changing consumer preferences, health and sustainability trends, and global supply chain dynamics to identify promising opportunities. Year to date, Nordic Aqua Partners has delivered a +100% return.

Food & Beverages – YTD

CO2 & Carbon Capture

The CO2 and Carbon Capture sector presents compelling investment opportunities for companies capturing and removing carbon dioxide from the atmosphere. It is a small sector comprising only 6 stocks, with ChromoGenics as the best and Capsol Technologies as the second best-performing year-to-date.

CO2 & Carbon Capture sector YTD

Mobility

The mobility sector includes among others ride-sharing platforms and the development of electric vehicles to lower emissions and costs for consumers while increasing flexibility. Mobility is the smallest sector we track totaling 5 stocks. Clean Motion AB is the best performer in 2024 followed by Havila Kystruten, and Donkey Republic

Mobility YTD