The majority of the impact sectors were in positive territory and the average return was 1.6%. The waste management sector had a strong performance following new partnerships and product innovation by Cortus Energy and OrganoClick. SaltX has previously done very well, and last week they had another week of great performance. Year-to-date, they are now the best-performing impact stock.
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.
Waste management and energy production-related sectors stand out
The majority of the sectors performed well with waste management standing out as the best, while energy production-related sectors did well. Especially Cortus Energy (57%) and OrganoClick (21%) did well in the Waste Management sector. On the other hand, the CO2 & Carbon Capture sector fell as much as 7%, whereas Aker Carbon Capture (-31%) dragged down the sector significantly. The average return the past week was 1.6%. Year-to-date, there are still no sectors with a positive return, although the past week was good.
Overview of the performance of each sector the past week
TOP 10 IMPACT STOCKS OF THE WEEK
Many of the impact stocks are still considered early-stage. Therefore, it is often collaboration and distribution agreements that take their technology and products to the next level that make the impact stocks rise. Last week was no exception. The 3 most notable news were the following:
Cortus Energy, a developer of a technology that gasifies biomass targeted to industrial and transportation applications, rose 57% following a partnership with Nordbex to establish a carbon-negative power generation facility, where Cortus’ WoodRoll gasification technology plays a central role.
SaltX Technology, a developer of energy solutions and electrification of emission-intensive industries such as the lime and cement industry, had yet another strong week with a 35% increase although they just announced the proposed board members ahead of their annual general meeting. The share price increase is probably based on strong momentum from the previous week’s stellar performance.
OrganoClick, a developer of specialized solutions based on fiber-based materials, rose 21% after a coffee lid with an up to 80% lower CO2 footprint was introduced with PulPac. OrganoClick also announced that their brand OrganoTex has been launched in the Belgian A.S. Adventure’s network of stores and online platforms during February.
The return for the top 10 impact stocks last week was 22%.
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. SaltX Technology is now the best performer following another share price increase with Midsummer closely behind. Compared to last week, SaltX Technology moved into the top 10, which is quite remarkable considering it is now the best performer. On the other hand, Scandinavian Enviro Systems moved out. The current average return of the top 10 stocks year-to-date is 41% and still no stock with a +100% return.
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, often presents 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. Tomra Systems, Scandinavian Enviro Systems and Agilyx have delivered 20%+ returns year-to-date. Renewcell (regeneration of textile fibers) is removed from the list as they filed for bankruptcy two weeks ago.
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 4 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, Volue and Ferroamp are doing great with 20%+ returns.
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. Only Hynion and Biokraft International have delivered a positive return 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, two stocks have delivered +40% 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 Enersize Oyj as the best-performing year-to-date by a large margin.
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 with totalling 5 stocks. Donkey Republic is the only company with a positive return year-to-date.
Mobility YTD
