In the past week, the average return was -0.4%. Clean Motion became the best-performing stock of the week after interest from a leading post company in their electric vehicles, Bergen Carbon Solutions signed letter of intent with a battery company, and Orron Energy also did well following a new price target by Pareto Securities. There can be more to catch in all three stocks. Volue is now the best stock year-to-date.

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.

Food and Beverages only sector in green year-to-date

In the past week, the Mobility sector increased over 12% with the CO2 & Carbon Capture and Energy Production & Storage sectors also having a positive weekly performance. Clean Motion heavily contributed to the positive performance in the Mobility sector with a 46% increase. For the CO2 & Carbon Capture, Bergen Carbon Solutions pulled the sector forward with a 29% return. On the other hand, the Food & Beverage had a tough week with a 6% decline mainly caused by Agtira and Atlantic Sapphire falling 15% each.

The average return of impact stocks in the past week was -0.4%. All sectors are still down year-to-date except for the mobility sector; thus, they are 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

Clean Motion (46%) 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. Yesterday the company received interest from a leading European post company potentially buying 300-800 tricycles from Clean Motion. The company currently has a market cap. of MSEK 92, thus an order of 300-800 tricycles will have a major positive influence on the company’s future if a deal goes through.

Bergen Carbon Solutions (29%) focuses on the use and conversion of carbon dioxide into various carbon products. The company’s proprietary product Eco-Nanotechnology converts CO2 molecules into carbon and oxygen. The carbon atoms are then used to build various carbon structures such as carbon nanofibers and carbon nanotubes. The company has risen following a letter of intent together with Morrow Batteries to build a local value chain for battery materials to support the ramp-up of Morrow’s battery cell production (link).

Orrön Energy (26%) is focused on the production of renewable energy sources such as solar energy, wind power, and hydropower. The business’s energy network and associated energy infrastructure are mainly established in the Nordic market. The stock has risen following a price target of SEK 12 set by Pareto Securities, while the current stock price is SEK 9.7.

The average return for the top 10 impact stocks last week was 17%.

The 10 best-performing stocks in the past week

TOP 10 IMPACT STOCKS OF THE YEAR

Volue is now the best-performing stock year-to-date with a 92% return overtaking FIFAX . Thus, no stock has delivered a 100% return. Let’s see if that changes next week. The top 10 list stays quite consistent, however, there have been two changes compared to last week. Cell Impact and Merus Power, while Agilyx and Clean Motion moved in.

The current average return of the top 10 stocks year-to-date is 50%.

The return for the top 10 impact stocks year-to-date

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. Agilyx, Tomra Systems, and Scandinavian Enviro Systems have created the largest return year-to-date.

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, Volue is by far the best performer.

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, Metacon, and Everfuel are the only stocks to have had a 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, 3 stocks have delivered a +40% 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 is the best performer in 2024 closely followed by Donkey Republic.

Mobility YTD