The Nordic impact stocks finally turned upwards after weeks of decline after the U.S. election although every sector continues to be down YTD and LTM. The average return was 2%. Havila Kystruten presented its Q3 results with 62% revenue growth and a significant increase in EBITDA. Cash-strapped Green Hydrogen Systems stood out as the winner with an interesting spike in the traded volume.
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.
The Nordic impact sectors have turned upwards, but are still down over the past year!
Following weeks of declines in almost every impact sector, the Nordic impact sectors finally turned upwards. The mobility and energy production-related sectors performed well in the week, with 3-8% increases. For the Mobility sector, Havila Kystruten stood out with a 36% increase, Alternus Energy Group and Green Hydrogen Systems rose 33% and 64% respectively in the energy production-related sectors. On the flip side, CO2 & Carbon Capture was the only sector with an overall decline of 10%, with Enersize down 29%.
The average return of impact stocks in the past week was 2%. Every sector has delivered negative returns over the last twelve months and year-to-date. However, the Energy Production & Storage and Food & Beverage have done significantly better than the rest of the sectors with drawdowns of only -3% to -9% although investors have still lost money by investing in these sectors.
The impact sectors the past week, year-to-date, and last twelve months
Top 10 impact stocks of the week
Green Hydrogen Systems (64%) is a developer and supplier of standardized and modular electrolyzers. These electrolyzers are mainly for the production of hydrogen and other energy systems based on renewable energy. The company has its main activities in the Nordics. In the past week, the company did not present any news about its ongoing search for capital but saw a significant increase in the traded volume.
Havila Kystruten (34%) is a shipping company. The company is part of the Havila Shipping Group. Havila Coastal Route offers cruises. Today, cruises between Bergen and Kirkenes are mainly offered. The company owns and manages several vessels adapted for the aforementioned transports, where customers are found in several sectors. The company presented its Q3 results with 62% revenue growth MNOK 464 and EBITDA to MNOK 128 from MNOK – 36 in Q3 last year.
Alternus Energy Group owns, develops, and manages solar cell parks. The company collaborates with both local and international development partners who provide pipelines of new projects for the acquisition and construction of new solar parks. Alternus Energy Group operates throughout Europe.
The average return for the top 10 stocks in the past week was 25%.
The 10 best-performing stocks in the past week
TOP 10 IMPACT STOCKS OF THE YEAR
Everfuel continues to be the best-performing stock year-to-date. The company is, however, about to be acquired by Swiss Life Asset Management at NOK 13 a share. Furthermore, Volue has been delisted after an almost 100% return year-to-date, thus it does not appear in the top 10 list. 9 stocks have returned over 20% YTD, and time will tell if some of them deliver a 2x return at the end of the year. Last week, one change was made in the top 10 list as Tomra Systems moved in, while Partnera moved out. The list stays quite consistent at the moment without any major changes being made.
The current average return of the top 10 stocks year-to-date is 38%. Including Volue, the return is 46%. Volue was removed from the top 10 list as it is no longer tradeable, but it did deliver an almost 100% return.
The return for the top 10 impact stocks 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. Only Agilyx and Tomra Systems have delivered +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. However, Year-to-date, only 6 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, BPC Instruments is the only stock with a positive performance. Note that Volue has been delisted.
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, 4 stocks have delivered a +20% 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 only 5 stocks. Donkey Republic is the best performer in 2024 and the only company in the sector with a positive return.
Mobility YTD
