The Mobility sector is the one and only this year performing exceptionally well with a 38% return year-to-date. Clean Motion continues with very strong momentum and Otovo entered into an agreement with Volkswagen Group. CirChem also entered a deal with a leading automotive manufacturer generating substantial revenue streams in the coming years. Following the deal, CirChem’s CEO and CFO bought shares in the company

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

Mobility has performed very well year-to-date with a 38% increase and last week was no exception following a 10% increase. Clean Motion and Move About Group were leading within the sector with 29% and 19% share price increases. The energy production and P2X-related stocks related got hit with 3-6% decreases. Looking at the data, it is an overall decline in the sectors rather than driven by a few companies with large declines.

The average return of impact stocks the past week was 1.5%. 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. All sectors are down the last twelve months.

Overview of the performance of each sector the past week

TOP 10 IMPACT STOCKS OF THE WEEK

Otovo (29%) offers various consulting services in the installation of solar energy products. The team consists of engineers, installers, and other technical consultants focused on installing solar cells for private individuals and corporate customers. The stock rose following a partnership with Volkswagen Group’s Electric Vehicle charging company, Elli.

Clean Motion (29%) 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 29% last week without any news from the company itself, but a research report called the company, “A Hidden Gem in the Electric Vehicle Market” that has generated strong momentum in the stock.

CirChem (24%) specializes in the recycling and purification of used solvents. The recycled, purified solvents are either sold back to industry or used to produce other products, such as washer fluid. Last week, the share price increased after announcing a three-year deal with a leading automotive manufacturer that will generate revenues of at least SEKM 4.4 per year totalling at least SEKM 13.2 over the three years. Deliveries are expected to start in Q4 2024. Both the CEO and CFO bought shares this week.

The average return for the top 10 impact stocks last week was 18.1%, 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. Clean Motion is now the best performer with a 147% return after stellar performance in past month followed by SaltX Technology with a 105% return. Together with Nordic Aqua Partners, the three stocks are the only stocks to deliver a +100% return year-to-date. Compared to last week, Cell Impact and EcoUp moved out of the top 10, while Opticept Technologies and Bioextrax moved in.

The current average return of the top 10 stocks year-to-date is 68%, which is the same as last week.

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. Bioextrax and EcoUp have 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, 9 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 65% gain, while Volue, Green Hydrogen Systems, and Ferroamp are also performing great with +40% 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