The Nordic impact stocks delivered a return of -2.5% in the past week. EAM Solar continues to outperform now at 175% return for the year, and SaltX Technology announced an LOI with Thyssenkrupp to develop fully electric production facilities utilizing SaltX’s electrification technology.

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.

Few stocks drove the sectors in each direction

In the past week, the Food & Beverages sector rose 3% driven by Nordic Aqua Partners and Atlantic Sapphire with 16-19% returns. The Energy Production & Storage rose 1% driven by EAM Solar and SaltX Technology returning 19 and 30% respectively, while most stocks in the sector declined. Notably, four sectors declined in the region of 5-7%. For the performing sectors, a few stocks drove the return upward, while for the underperforming sectors, a few stocks drove the sectors down significantly. For instance, in the PtX sector, where the financially troubled CCUS company Horisont Energi fell 44%.

Overall, the average return for impact stocks over the past week was -2.5% and -3.8% year-to-date. Year-to-date, Energy Production & Storage and Waste Management are the only sectors in positive territory.

The impact sectors the past week, year-to-date, and last twelve months

Top 10 Impact Stocks of the Week

EAM Solar (30%) is an investment company that acquires, owns, and operates a number of photovoltaic systems. The company acquires solar power plants that are mainly already in operation on the European market. The business is conducted on the basis of the subsidiaries, for example, EAM Solar Park Management, which takes care of the day-to-day operations of the business. The stock continues to soar without any news.

Metacon (24%) is an energy technology company that develops and sells small and large energy systems for the production of hydrogen, electricity and heat. The company was founded in 2011 and has patented technology for the production of hydrogen gas from biogas or other hydrocarbons. The range consists, for example, of gas stations and larger CHP systems.

Pryme (24%) is a Dutch company operating in the energy sector. The company specializes in the recycling of plastic waste. The waste is mainly converted to hydrocarbons and can also be used for various industrial processes. The company owns its own production facility in Europe and was previously known as CRC Holding.

SaltX Technology came in at 4th following yet again. This came following news of a signed LOI with ThyssenKrupp with the collaboration of fully electric production facilities utilizing SaltX’s electrification technology and ThyssenKrupp Polysius’ solutions for material preheating and cooling.

The average return for the top 10 stocks in the past week was 19%.

The 10 best-performing stocks in the past week

Top 10 impact stocks of the year

EAM Solar is now the best stock year-to-date with a 175% return. Circle Energy Sweden, aiming to establish waste gasification and incineration plants that produce electricity and heat, is now the second best with a 94% return. In comparison to last week, only one change was made. Partnera moved in, and Havila Kystruten moved out.

The average return for the top 10 stocks in the past week was 58%.

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. Circle Energy Sweden stands out with an almost 2x return.

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, 5 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, there is already quite a spread between Hexicon at 24% and NiuTech AB at -79%.

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. Every stock in the sector has declined except for Refuels NV.

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. The Food & Beverage sector is dominated by fish companies, and currently, we are seeing one in each end with Biofish Holding at 25%, and Atlantic Sapphire at -39% heavily impacted by the announced US import tariffs on Canada.

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 5 stocks, and every stock is within 20% and -25%.

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 4 stocks. Havila Kystruten is the stock with the highest return at 14%.

Mobility YTD