The Nordic impact stocks saw a mixed performance last week. The Energy Production & Storage had a good performance, while the Mobility sector had a challenging week after several weeks of good performance. One energy stock almost doubled following a tender offer to all shareholders in the company at a 94% premium to the stock price. The offer shows that there are still undervalued impact assets to be bought at the Nordic stock exchanges.

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 at the top

In the past week, the Energy Production & Storage rose 4% driven by Kyoto Group rose 92% following a voluntary all-cash offer to all shareholders for outstanding shares at NOK 24 per share corresponding to a premium of 94.3% to the closing price of 13 June 2024. Food & Beverages rose 1% with a good performance by Veg of Lund. On the other hand, the Mobility sector performed very poorly with a decline of 9% following weeks of good performance. The decline was driven by Move About Group falling 31%. Although the sector was down in the past week, it is still up 28% year-to-date as the best-performing sector.

The average return of impact stocks the past week was -0.9%. All sectors except for the Mobility and Food & Beverages sectors are still down year-to-date and thus underperforming relative to the majority of global indexes that have risen. All sectors are down in the last twelve months except for the mobility sector.

Overview of the performance of each sector the past week

TOP 10 IMPACT STOCKS OF THE WEEK

Kyoto Group (92%) develops wind and solar energy technology and associated ancillary services. The product range includes thermal batteries that enable energy management from renewable energy sources. Last week, the shareholders of Kyoto Group got an all-cash offer for all outstanding shares at NOK 24 per share corresponding to a premium of 94.3% to the closing price of 13 June 2024. The stock currently stands at NOK 23.7.

BPC Instruments (19%) sells and develops automated analysis tools used in biotechnological analysis. The product line offered is centered around systems that measure gas volume, gas flow rate, and emissions. In addition, the company is active in sectors such as biodegradability, animal and human nutrition, and wastewater treatment.

Clean Industry Solutions (18%) is a provider of customized carbon-free energy systems for industrial customers worldwide based on a broad portfolio of solar energy technologies and complementary technologies. The company owns 100% of both Industrial Solar and SolarSpring in Germany.

The average return for the top 10 impact stocks last week was 19.3%, which is lower than usual.

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The 10 best-performing stocks in the past week

TOP 10 IMPACT STOCKS OF THE YEAR

The dynamics of the top 10 continue with new companies getting in each week. Clean Motion is now the best performer with a 132% return after a stellar performance in the past month followed by SaltX Technology with a 97% return. Clean Motion is the only stock with a +100% return. Compared to last week, Bioextrax and EcoUp moved out of the top 10, while Kyoto Group and Volue moved in.

The current average return of the top 10 stocks year-to-date is 63.5%.

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. EcoUp and Bioextrax have created the largest return year-to-date closely followed by Agilyx and Scandinavian Enviro Systems.

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, Midsummer is the best stock with a 60% gain, while Green Hydrogen Systems is also performing great with a +54% return.

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, Everfuel and Hynion 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, Nordic Aqua Partners has delivered a +90% 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. Clean Motion AB is the best performer in 2024 followed by Havila Kystruten, and Donkey Republic

Mobility YTD