Nordic impact sectors have started well in 2024. Especially the CO2 and Carbon Capture sector, and companies focusing on energy storage has done well. Two stocks have already delivered close to 40% in returns year-to-date, two sectors in possitive terrain, and all stocks on average down 0.1% year-to-date. As always, we present you the 10 best-performing companies in the past week, the sector development and much more.
We have launched a brand new newsletter that dives deep into impact stocks in the Nordics. The newsletter can help you invest more sustainably in the businesses of tomorrow. We track the development of more than 100 ompanies within multiple impact sectors including energy production, waste management, and carbon capture. We follow over 100 large and small companies
The CO2 & Carbon Capture sector starting out strong
The CO2 & Carbon Capture sector was the best-performing sector in the past week with a 2% return. the Power2X & Fuel Cells sector in second place with a 1% incrase. The good performance was mainly driven by ChromoGenics AB which rose 16%. The company develops window-related products that can deliver energy savings of up to 30-40% and thus helpcut CO2 emissions. Since the beginning of the year, CO2 & Carbon Capture has been the best-performing sector with a 4% return.
Overview of the performance of each sector the past week
Top 10 best performing impact stocks of the week
In the past week, Hynion, a Norwegian developer and operator of hydrogen stations rose 27% following members of the management team acquired shares in the company. Two companies within the energy storage also did very well. SaltX Technology AB, a developer of storage solutions using nanocoated salt, rose by 21%, while Ferroamp AB, a developer of modular systems and technical platforms for energy storage, rose by 18%. None of the companies posted any news.
The 10 best performing stocks the past week
Eventful 2023 for the Nordic impact stocks
The Nordic impact stocks had a difficult 2023 with share price declines across the board. Positive investments were few, but three stocks managed to deliver returns of more than 200%. Thus, 2023 was another dire year for the investors – no matter if they were investing in large caps or small caps. Things are, however, looking brighter for 2024 – both from a macroeconomy perspective and from a stock market perspective with valuations at an extremely low level.
Especially 5 stocks did very well. The best-performing delivered a more than 3x return. You can view the top 5 stocks, see how every stock in each sector performed and much more. Find it here.
Overview of all sectors 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, ReNewCell AB, Vow Green Metals AS, Cinis Fertilizer AB, and CirChem AB have delivered 10%+ returns.
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 7 stocks have delivered a positive 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 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, Ferroamp AB, Ocean Sun AS and Minesto AB has done well with +10% returns to their shareholders.
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. Taurus Energy and Hynion have delivered a positive return year-to-date.
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 on considering factors such as changing consumer preferences, health and sustainability trends, and global supply chain dynamics to identify promising opportunities. Several of the fishing companies has done well year-to-date such as Nordic Aqua Partners, Proximar Seafood AS, and Biofish Holding AS
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 for companies involved in capturing and removing carbon dioxide from the atmosphere. It is a small sector consisting of only 6 stocks, with ChromoGenics AB 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 the development of electric vehicles with the purpose of lowering emissions and costs for consumers while increasing flexibility. Mobility is the smallest sector we track with totalling 5 stocks. GreenMobility is the only company that have delivered a positive return year-to-date.
Overview of the return year-to-date for the stocks in the Mobility sector