In the past week, the Nordic impact stocks made a small comeback after a difficult year. The Energy Production and Storage sector performed the best with a 3% increase despite Øsrted’s (ORSTED) billion dollar writedown. We take a look at the Mobility sector and investments worth a closer look. The best stock rose 37% following an order for Indietex.
We have launched a brand new newsletter that dives deep into impact stocks in the Nordics. The newsletter can help you to invest more sustainably in the businesses of tomorrow. We track the development of multiple sectors including energy production, waste management, and carbon capture. We follow over 100 large and small companies such as Vestas, Ørsted and Ekobot
The Energy Production & Storage sector performed best in the past week with a 3% increase. The sector consists of 21 companies where especially Scatec ASA, OX2 AB, and Nilar International AB performed well with increases between 12-24%. On the other hand, Food & Beverages came out as the worst performer, where Agtira AB fell 23% post its rights issue weighing down on the sector.
Top 10 best performing impact stocks of the week
In the past week, ReNewCell AB, a textile recycling company, became the best performing stock rising 37% following an order from Inditex, the owner of Zara, of 2,000 tons of Renewcell’s recovered fiber Circulose. NEL ASA, a NOK 16BN MCap hydrogen company, rose 15% following several insiders bought shares in the company including the CFO, CPO, and a board member. In times with uncertainty. The 10 best stocks rose 20% on average.
The 10 best performing stocks the past week
Mobility stocks stuck in reverse
The mobility sector includes among others ride-sharing platforms and development of electric veichles with the purpose of lowering emissions and costs for consumers, while increasing flexibility. The mobility is the smallest sector we track with totalling 5 stocks. Clean Motion AB, Move About Group AB, Donkey Republic Holding A/S, Havila Kystruten AS, and Green Mobility A/S. It is important to note that the mobility sector is an industry that most often requires scale and large investments to get profitable. The past week the sector delivered a negative return of 1%, while it has delivered a negative return of 61% over the past year.
Year-to-Date retrun for Mobililty stocks
Especially Donkeyrepublic Holding A/S (Nordnet) seem interesting. The company has developed a platform and through this offers bike sharing, where the bikes are accessed digitally for both private individuals and businesses who can use the services in real-time via a mobile app. The Company is expanding across Europe and consists of a fleet of over 13,000 bikes. It also offers a Mobility-as-a-Service (MaaS) and licenses its platform to partners in over 60 cities.
The company relased Q3 KPI numbers two weeks ago with revenue of 40.9 MDKK growing 43% YoY, and EBITDA of 11 MDKK compared to 0.2 in H1 2023 (they did not release EBITDA numbers in the comparable period). It seems that Donkeyrepublic Holding A/S is at a inflection point with a certain scale with a move towards generating profits. For 2023 the company has issued a guidance with revenue of 112-120 MDKK, EBITDA of 9.5-13.5 MDKK, and EBIT of -11 to -6.5 MDKK. The company has a market value of 135 MDKK, and a net debt of 62MDKK end of H1 2023. After H1 2023 the company raised 18,6 MDKK lowering the net debt.
The car sharing company GreenMobility A/S (Nordnet) has not been positively impacted by the rise in interest rates and the general slow down in reatial sales as its growth has slowed. Hence, customers are still looking at car sharing as a luxery to taking public transport rather than as a substitution to owning a car. The stock price has taken a considerably hit after reaching DKK 77 earlier in the year. Focusing its operations on profitable markets, the potential of cash flow generating businesss and a pick up in investors’ interst is on the horizon.
Share price development for Donkeyrepublic Holding A/S and GreenMobility A/S the past year
Overview of each sector year-to-date
The waste management sector, characterized by its essential and non-cyclical nature, often presents 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. Year-to-date, Cambi ASA has significantly outperformed the rest of the sector with a 193% increase.
Overview of the return year-to-date for the stocks in the Waste Management sector
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, only 3 stocks have delivered a postive return.
Overview of the return year-to-date for the stocks in the Energy Production & Storage sector
Energy Production Equipment & Services
The Energy Production Equipment & Services is providing technical equipment and machines among 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, BPC Instruments AB has performed best with an 172% increase.
Overview of the return year-to-date for the stocks in the Energy Production Equipment & Services sector
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. Refuels NV remains only stock year-to-date with a postive return.
Overview of the return year-to-date for the stocks in the Power2X & Fuel Cells sector
Food & Beverages
The food and beverages sector is heavily driven by consumer demand and having strong brands is a major advantage. Investors should focus consider factors such as changing consumer preferences, health and sustainability trends, and global supply chain dynamics to identify promising opportunities. Proximar Seafood AS and Nordic Aqua Partners AS within the fish industry is have delivered returns of 30% and 20% each.
Overview of the return year-to-date for the stocks in the Food & Beverages sector
CO2 & Carbon Capture
The CO2 and Carbon Capture sector presents compelling investment opportunities into companies involved in capturing and removing carbon dioxide from the atmosphere. It is a small sector consisting of only 6 stocks, with Photocat A/S as the best performing year-to-date.
Overview of the return year-to-date for the stocks in the CO2 & Carbon Capture sector
The mobility sector includes among others ride-sharing platforms and development of electric veichles with the purpose of lowering emissions and costs for consumers, while increasing flexibility. The mobility is the smallest sector we track with totalling 5 stocks. None of the companies have delivered a postive return year-to-date.
Overview of the return year-to-date for the stocks in the Mobility sector