In the past week, the Nordic impact stocks rose 3.4% on average. Atlantic Sapphire, an indoor fish farming company, rose 342% following approval of MUSD 64 capital raise, while REC Silicon, a supplier of advanced silicone materials, signed a multi-year deal with a next-generation battery materials company. Finally, there were also major changes on a sector level, although it was driven by a few stocks with stellar performance.

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 emerged as last week’s winner

On a sector level, the Food & Beverage sector enjoyed a 33% increase. It is the highest weekly increase for a sector in 2024. However, note that the sector consists of only 10 stocks, and Atlantic Sapphire drove most of the performance following its 342% increase after an MUSD 64 capital raise was approved with MUSD 60 of the right issue guaranteed. CO2 & Carbon Capture also had a great week with a 6% increase with Enersize rising 28%. Additionally, the Energy Production Equipment & Services rose 3%.

The average return of impact stocks in the past week was 3.4%. All sectors continue to be down year-to-date and last twelve months; thus, they are underperforming relative to most of the global indexes that have risen. Keep in mind that many of the impact stocks are small caps, which have generally underperformed relative to large caps year-to-date.

Overview of the performance of each sector the past week

Top 10 impact stocks of the week

Atlantic Sapphire (342%) is a fish farming company. The farmed fish consists mainly of Atlantic salmon, and the raw materials are exported on a global level. The company operates throughout the value chain, from processing, quality control, distribution, and sales via its own fish farming facilities. Earlier this week, the company got approval for a MUSD 64 capital raise, with MUSD 60 of the right issue being guaranteed by an underwriting consortium consisting of existing shareholders and new investors. Even though the stock rose significantly in the past week, the stock is still down around 90% year-to-date.

REC Silicon (73%) is a global supplier of advanced silicone materials. The company supplies polysilicon and silicone gases for the solar and electronics industries. Production is mainly concentrated in North America, where the company has several production facilities. REC is an abbreviation for Renewable Energy Corporation. Yesterday, REC Silicon signed a multi-year supply agreement with Silane Nanotechnologies, a next-generation battery materials company.

Enersize Oyj (28%) is a Finnish IT company that develops software for various data collection and analysis. The services are used in industrial compressed air systems, to increase the energy savings of the company’s customers. Customers are found in several different industries such as the automotive industry, steel, and the electronics industry. In the past week, Enersize got a new order for its software from a Swedish company within the chemistry industry.

The average return for the top 10 impact stocks last week was 53.2%.

The 10 best-performing stocks in the past week

TOP 10 IMPACT STOCKS OF THE YEAR

Volue continues to be the best-performing stock year-to-date with a 96% return. Thus, no stock has delivered a 100% return. It might change next week with Volue being close to a 100% return and stocks outside of the top 10 with massive one-week returns that sometimes occur. The top 10 list usually stays quite consistent and last week there was only one change. Aega moved out, while Agilyx moved out.

The current average return of the top 10 stocks year-to-date is 47%.

The return for the top 10 impact stocks year-to-date

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. Scandinavian Enviro Systems, Tomra Systems, Agilyx, and Bioextrax have +20% 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, 8 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, Volue is by far the best performer.

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. Everfuel is the only stock with a positive impact on the sector’s performance 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, 3 stocks have delivered a +30% 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 only stock with a positive return 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. Donkey Republic is the best performer in 2024 followed by Havila Kystruten AS although Havila has not delivered a positive return.

Mobility YTD