In the past week, the mobility and food & beverage sectors did well. Especially the fishing stocks had a good performance, and if the fishing stocks were grouped in one sector, it would be the best sector in the past week. There might be more to catch going forward with increased production capacity in sight. A hydrogen company also had a large private placement of MNOK 82, and Clean Motion is on its way to acquire more ownership of a joint venture.
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 on top
In the past week, the mobility sector became the best performer followed by food & beverages. Both sectors are quite volatile because they only consist of 5 and 11 stocks. The evidence of that was clear in the past week, where Clean Motion AB did most of the heavy lifting in the mobility sector with a 26% increase, while multiple stocks did well in the food & beverage sector. Opticept Technologies AB, FIFAX ABp, and Proximar Seafood AS all rose between 10-12%.
The average return of impact stocks the past week was -1.6% due to the majority of sectors delivering a negative return. All 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
The Kingfish Company and Proximar Seafood had a good performance after they reported Q4 numbers with increased production in sight. Both companies operate and manage several indoor production facilities. Proximar Seafood focuses on the Atlantic salmon, while Kingfish focuses on Kingfish. FIFAX, another fishing company, also had a good week with the stock increasing 12%, but they did not report any news. On the surface, there currently seems to be good interest in the seafood business. If the fishing stocks were in a stand-alone sector, it would be the best-performing sector in the past week (7.2%) and year-to-date (6.2%).
Clean Motion AB established a joint venture together with Techno Creatives Ventures AB called Electric Vehicle Cloud Technology AB in the summer of 2022. Last week, Techno Creatives Ventures AB sold their share of the joint venture, so Clean Motion AB now acquires the part of the joint venture that they did not already own for MSEK 10.
TGS ASA, a company that provides energy data and intelligence to companies and investors across energy markets, also had a good week following their Q1 2024 numbers. Finally, Hydrogenpro rose after they received MNOK 82.7 from ANDRITZ AG in a private placement.
The return for the top 10 impact stocks last week was 14.2%.
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. Midsummer (78%) is still the best performer although the stock has fallen 24% in the past week of trading. Everfuel is following closely behind with a 70% increase. The current average return of the top 10 stocks year-to-date is 45%.
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. Tomra Systems, Scandinavian Enviro Systems, and Agilyx have delivered 20%+ returns 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, 7 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 stand-out stock, while Green Hydrogen Systems, and Ferroamp are doing great with 30%+ 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. Everfuel is the only stock 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 +50% 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 Capsol Technologies as the 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 Donkey Republic.
Mobility YTD
