The CO2 & Carbon Capture sector outperformed all other sectors for yet another week, while the P2X & Fuel Cells sector had a week of extreme volatility. An underwater electricity-producing company and a company recycling old car tires were some of the interesting stocks in the top 10. The latter made the final investment decision on a recycling plant with a total value of 180 MEUR. YTD more stocks have given negative returns than the number of stocks in positive territory.
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.
CO2 & Carbon Capture stands out
The CO2 & Carbon Capture sector had yet another strong week with a 4% increase and has now vastly outperformed the rest of the Nordic impact sectors with a 10% return YTD. Enersize Oyj was for the second week in a row the main driver of the performance in the sector with a 36% increase following a patent approval. On the surface, the P2X & Fuel Cells seemed to have had a quiet week, but under the surface, big changes happened. Taurus Energy rose 98%, while Metacon and Teco 2030 fell 28% and 37%. Before last week, the Food & Beverages sector did well. However, in the past week, there have been noticeable drops across sector participants with Ekobot (-12%), Opticept (-12%), and Agtira (-9%).
This year CO2 & Carbon Capture is the only sector in positive territory, while the Energy Production Equipment & Services and P2X & Fuel Cells have fallen 15%. Year-to-date, the Nordic impact stocks have on average delivered a negative return of 8,5%.
Overview of the performance of each sector the past week
TOP 10 IMPACT STOCKS OF THE WEEK
Taurus Energy AB was the best stock with a 98% return. The company business focus is on research and development for new methods for the production of ethanol and the company is currently in the process of a reverse merger. Enersize Oyj, a Finnish IT company that develops software targeted at industrial compressed air systems to make energy savings, also did well for the second week in a row with a 36% increase following a patent approval. Minesto AB rose 16% after they got granted 3 MSEK by the Swedish Energy Agency and connected their first tidal powerplant to the grid with 1.2 MW of power. Minesto AB is engaged in the development of underwater electricity-producing products. Their products look like an underwater plane. Finally, Scandinavian Enviro Systems AB rose 14%. The company has developed and patented a pyrolysis technology that converts end-of-life tires into oil, steel, and carbon black for industries worldwide. The share price increase came following an investment decision regarding the construction of a recycling plant in Sweden. The signed delivery agreements of recovered materials have a total value of MEUR 180. The average return of the top 10 impact stocks last week was 24%
The 10 best performing stocks the past week
TOP 10 IMPACT STOCKS OF THE YEAR
Enersize continues to be the best-performing impact stock year-to-date with a 109% increase following its great performance for the past few weeks. SaltX Technology, a developer of large-scale energy storage solutions and electrification technology, is the second best although the stock fell 2% last week. The new companies in the top 10 versus last week are Scandinavian Enviro Systems, Sun4Energy Group, Volue, Donkeyrepublic Holding, and Agilyx. The current average return of the top 10 stocks year-to-date is 25%.
Top 10 best performing impact stocks of the year
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. Despite this, the majority of the stocks have performed negatively this year. Year-to-date, Scandinavian Enviro Systems, Quantafuel, EcoRub, and Agilyx have delivered 10%+ returns.
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.
Energy Production & Storage – YTD
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, 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 involved in capturing and removing carbon dioxide from the atmosphere. It is a small sector consisting of only 6 stocks, with Enersize Oyj as the best-performing year-to-date by a large margin.
CO2 & Carbon Capture sector YTD
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.