In the past week, the average return for the Nordic impact stocks was 0.5%. OptiCept Technologies entered into a Memorandum of Understanding with Saab, while Enersize and EcoRub got new orders. Ørsted was also in the news with several new price targets. Finally, 2 new companies entered the top 10 list.
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 Energy Production & Storage sector rose 5% with amongst others a 15% increase in SaltX Technology. Waste Management also rose slightly with 1% with Vow Green Metals as the main driver behind the increase. On the other hand, three sectors had difficulties although it seems to be driven by a few large drawdowns such as Move About Group falling 25% in the mobility sector and Dug Foodtech falling 46% in the Food & Beverages sector.
The average return of impact stocks in the past week was 0.5%. All sectors continue to be down year-to-date; 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
EcoRub (27%) is a greentech company that produces recycled rubber and plastic material for injection molding, extrusion and calendering. The company’s recycled materials are developed and produced with material properties that include materials with the elasticity of rubber to the stiffness of hard plastics. In the past week, EcoRub got an order from Vartex AB at SEK 400,000.
OptiCept Technologies (22%) is a provider of the food and plant industry with technological solutions that are used to increase the sustainability of various raw materials. The company works with biological processes that provide increased extraction from the raw material, extended shelf life reduced waste, and retained taste, aroma, color, the nutritional content of the end product. The stock rose following news of a non-binding Memorandum of Understanding with Saab to investigate a long-term partnership in Thailand.
Enersize Oyj (16%) is a Finnish IT company that develops software for various data collection and analysis. The services are used in industrial compressed air systems, with the goal of increasing the energy savings of the company’s customers. Customers are found in a number of different industries such as the automotive industry, steel, and the electronics industry. In the past week, Enersize got new orders for its software.
Ørsted did not make it into the top 10 list last week. However, the company got several new price targets. Citi increased their price target to DKK 428, RBC to DKK 450, Nykredit to DKK 460, and HSBC to DKK 480. The current share price is DKK 440.
The average return for the top 10 impact stocks last week was 13.6%.
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. Last week there were 2 changes. Aega and SaltX Technology moved in, while Scandinavian Enviro and Bioextrax 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 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, 9 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 and Cell Impact are the only stocks to have had a positive impact on the sector year-to-date with Everfuel being the by far best.
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.
Mobility YTD
