The Power2X & Fuel Cells sector stood out as the best-performing sector in the past week. As we have seen before, many of the stocks rise following new collaboration deals that make their products come to life. Last week was no exception, where especially ABB’s investment and collaboration with SaltX Technology acted as a great validation of the company. New companies have moved into the top 10 yet again. The average return last week was negative at -0.8%.
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.
CO2 & Carbon Capture sector stands out
The Power2X & Fuel Cells sector and the Energy Production & Storage sector did well in the past week up 4% and 2% respectively. The returns were driven by Everfuel (27%) and SaltX Technology AB (57%). Although the two sectors were up last week, they are still down year-to-date with double-digit percentages. None of the sectors have delivered a positive return year-to-date. Year-to-date, the Nordic impact stocks have, on average, delivered a negative return of 15%.
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.
SaltX Technology, a developer of energy solutions and electrification of emission-intensive industries such as the lime and cement industry, became the best stock of the week with a 57% increase following an MSEK 38 directed share issue, where ABB among others participated. Furthermore, SaltX also expanded a collaboration deal with ABB to create a joint solution for the lime and cement industry. Veg of Lund, a developer of plant-based foods, rose 32% following an agreement with a distributor in Hungary for the launch of a potato drink in Hungary. Midsummer, a manufacturer of thin-film solar panels, rose another 30% after they entered collaboration with Sopreme last week, which is one of the world’s largest manufacturers of roofing materials. Finally, Everfuel, a Danish owner and operator of green hydrogen infrastructure trying to connect the entire hydrogen value chain, also had a good run of 28% although it was more of a comeback following a downturn in the share price. The average return of 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. Midsummer is now the best-performer with Nordic Aqua Partners, Enersize and Veg of Lund being closely behind. Compared to last week, Midsummer and Veg of Lund entered the top 10 best-performing stocks of the year, while Agilyx and Proximar Seafood have left the top 10. The current average return of the top 10 stocks year-to-date is 36,7%.
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 10%+ 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 3 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, Green Hydrogen Systems, 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
