In the past week, the average return was -1.7% in a week with turmoil in the global stock markets. Most notably, Metacon, a company with a patented technology for the production of hydrogen gas, received a breakthrough order worth MSEK 225. Furthermore, FIFAX continued to rise and Kyoto Group delisted.
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, CO2 & Carbon Capture was the stand-out sector following an impressive performance by Enersize, the Finnish IT company working with energy optimization in industrial compressed air systems. The Food & Beverages sectors increased 1% and continue to be the only impact sector in green year-to-date. For the second week in a row, FIFAX was the main contributor to the sector’s good performance. FIFAX operates, via its own production facilities to breed and resale fish. The stock is now up 92% in the past month.
The average return of impact stocks in the past week was -1.7%. All sectors are still down year-to-date except for the Food & Beverages sector, 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
Enersize (53%) develops software for various data collection and analysis. The services are used in industrial compressed air systems, with the goal of increasing the energy savings of the company’s customers. Customers are found in a number of different industries such as the automotive industry, steel, and the electronics industry. Long-term investors in Enersize have essentially lost all of their money as the stock is down 98% and 99% for the past 3 and 5 years respectively.
Alternus Energy (49%) owns, develops, and manages solar cell parks. The company collaborates with both local and international development partners who provide pipelines of new projects for the acquisition and construction of new solar parks. Alternus Energy Group operates throughout Europe.
Metacon (46%) is an energy technology company that develops and sells small and large energy systems for the production of hydrogen, electricity, and heat. The company was founded in 2011 and has patented technology for the production of hydrogen gas from biogas or other hydrocarbons. The range consists, for example, of gas stations and larger CHP systems. The stock rose significantly following an order for the supply of a 30 MW industrial electrolysis plant worth EUR 19.8 million (approx. MSEK 226) and marks the start of European manufacturing (Link).
The average return for the top 10 impact stocks last week was 21.4%.
The 10 best-performing stocks in the past week
TOP 10 IMPACT STOCKS OF THE YEAR
FIFAX is now the best-performing stock year-to-date with a 112% return. The top 10 list stays quite consistent, however, FIFAX has moved to the top after a few weeks of strong performance. There have been two changes though. Agilyx and Tomra Systems moved out, and Cell Impact and Merus Power moved in.
The current average return of the top 10 stocks year-to-date is 54%.
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, 10 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 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, 4 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. Donkey Republic is the best performer in 2024 followed by Havila Kystruten.
Mobility YTD
