In the past week, 3 sectors delivered a 7% return, while only one sector had a slightly negative return. Thus, it was overall a very positive week. The fish-related stocks had the best performance following a purchase agreement between FIFAX and Kalavapriikki as well as a new price target to Atlantic Sapphire significantly above the current share price. As always, there are always stocks with very high returns to catch.

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Notable differences on a sector level

In the past week, the CO2 & Carbon Capture, Mobility, and Food & Beverages sectors increased by 7% each. In each sector, a few individual stocks generated most of the returns. For the CO2 & Carbon Capture, Bergen Carbon Solutions rose 40%, within the Mobility sector GreenMobility rose 23%, and within the Food & Beverages sector, FIFAX rose 47%. On the other hand, Energy Production Equipment & Services was the only sector with a negative return driven by an overall decline rather than one or two major declines.

The average return of impact stocks in the past week was 1.7%. All sectors are still down year-to-date except for the Food & Beverages sector, and thus underperforming relative to the majority of global indexes that have risen.

Overview of the performance of each sector the past week

TOP 10 IMPACT STOCKS OF THE WEEK

Two of the fish-related stocks were in the top 3. It is a pattern we have seen before, where the fish-related stocks often move along each other caused of regulation, market prices, competition, etc.

FIFAX (47%) raises and sells fish through its own production facilities. Most of the supply consists of rainbow trout. Operations are held around the global market, with the greatest presence in the Nordic region. Customers include wholesalers, retailers, and small and medium-sized operators in the restaurant industry. The stock rose following the news of a purchase agreement between Fifax and Kalavapriikki, where Kalavapriikki has committed to purchase a significant part of Fifax’s estimated production of rainbow trout. creating more certainty going forward.

Bergen Carbon Solutions (40%) focuses on the use and conversion of carbon dioxide into various carbon products. The company’s proprietary product Eco-Nanotechnology converts CO2 molecules into carbon and oxygen. The carbon atoms are then used to build various carbon structures such as carbon nanofibers and carbon nanotubes.

Atlantic Sapphire (32%) is active in fish farming. The farmed fish is mainly Atlantic salmon and the raw material is exported globally. The company operates throughout the value chain, from processing, quality control, distribution, and sales through its own fish farming facilities. The stock rose following a new price target by Arctic of NOK 10 vs. the current share price of NOK 6.14

The average return for the top 10 impact stocks last week was 21.8%.

The 10 best-performing stocks in the past week

TOP 10 IMPACT STOCKS OF THE YEAR

Volue is now the best-performing stock year-to-date with a 93% return. Thus, no stock has delivered a 100% return. The top 10 list stays quite consistent, however, FIFAX has moved to the top after a few weeks of strong performance, while Scandinavian Enviro Systems has also done well although the company had poor performance in June. The current average return of the top 10 stocks year-to-date is 55%.

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. Agilyx, Tomra Systems, and Scandinavian Enviro Systems have created the largest return 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, 10 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. Cell Impact are Everfuel 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, Opticept Technologies AB has delivered a +70% 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. Havila Kystruten is the best performer in 2024 followed by Donkey Republic, and Clean Motion AB.

Mobility YTD