The energy production & storage and waste management sectors became the only two sectors with positive returns in the past week. Tomra Systems seems to be continuing its recovery after the 5-year low in October and has entered the top 10 stocks for the year. Ekobot also did well after they announced a distribution agreement in Belgium and Proximar Seafood looks forward to harvesting Atlantic salmon in Japan already in Q3 2024. The average return last week was -1.4%.
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.
Energy Production & Storage stands out
The Energy Production & Storage sector delivered a modest return of 1%. The performance was mainly driven by OX2 AB which develops and sells wind and solar power parks and EAM Solar which acquires, owns, and operates several photovoltaic systems. On the other hand, the energy production equipment and services did not do well with a 4% drawdown even though Ferroamp AB, a developer of various modular systems and technical platforms for energy storage, as well as Windon Energy Group AB, a supplier of solar cell systems and complete systems consisting of solar panels, inverters, and mounting systems, both came in the top 10 best-performing impact stocks for the week. Kyoto Group also did well, which has developed a “Heatcube”, which is a thermal storage solution that stores abundant energy from sources such as solar and wind. Year-to-date, the Nordic impact stocks have, on average, delivered a negative return of 8%.
Overview of the performance of each sector the past week
TOP 10 IMPACT STOCKS OF THE WEEK
Recyctec AB was the best stock with a 57% return following positive Q4 results with a slight increase in revenue. Recyctec AB has developed purification methods that restore glycol to its original state so that it may again be utilized. Ekobot AB, a producer of farm robots, also did well with a 17% increase after they announced a distribution agreement for Belgium. Finally, Proximar Seafood rose 16% today and announced a positive Q4 amid their transition from the construction phase to the operational phase and on track for the first harvest of the atlantic salmon in Japan in Q3 2024. The average return of the top 10 impact stocks last week was 18,5%
The 10 best-performing stocks in the past week
TOP 10 IMPACT STOCKS OF THE YEAR
Enersize continues to be the best-performing impact stock year-to-date with a 73% increase and a large margin to the second best. Recyctec Holding is the second best following last week’s stellar performance. Recyctec Holding and Tomra Systems were the only two companies that entered the top 10 best impact stocks year-to-date versus last week. The current average return of the top 10 stocks year-to-date is 27%.
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, 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. Despite this, the majority of the stocks have performed negatively this year. Agilyx and Recyctec Holding have delivered 10%+ 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, only 4 stocks have delivered a positive return with Norsk Renewables performing very poorly (-73%).
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, Sun4Energy and Volue are doing great with 10%+ returns and are now also part of the top 10 for all Nordic impact stocks.
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. Hynion, Everfuel, and Biokraft International have delivered a positive return 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, Opticept Technologies is the odd one with an almost 50% decrease in stock price.
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 Enersize Oyj as the best-performing year-to-date by a large margin.
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 with totalling 5 stocks. Donkey Republic and Havila Kystruten are the only companies that have delivered a positive return year-to-date.
Mobility YTD
