In the past week, the Mobility and Energy Production & Storage sectors did very well. The best-performing stocks were driven by Q1 results, a collaboration agreement with Siemens, the initiation of a pilot project, and the commissioning of a solar park. One new company 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.
P2X and Fuel Cells on top
In the past week, the majority of the sectors had a positive performance yet again. The Mobility and Energy Production & Storage sectors performed best with a 4% increase each. In each sector, there was an overall increase in stocks. However, Move About Group AB stood out with a 12% increase in the mobility sector, while Gigasun AB increased 20% in the Energy Production & Storage sector. CO2 & Carbon Capture fell 5% driven by a 14% decrease in Enersize’s share price.
The average return of impact stocks the past week was 1.4% driven by an overall increase rather than a few companies standing out. All sectors except for the mobility sector are still down year-to-date and thus underperforming relative to the majority of global indexes that have risen.
Overview of the performance of each sector the past week
TOP 10 IMPACT STOCKS OF THE WEEK
Hexagon Purus, a developer of vehicle systems including high-pressure cylinders and battery packs for fuel cell and battery-powered vehicles, rose 42% following their Q1 2024 results with among other things MNOK 407 in revenue corresponding to 67% growth.
CirChem specializes in the recycling and purification of used solvents. The recycled, purified solvents are either sold back to the industry or used to produce other products, such as washer fluid. In the past week, the stock rose 30% following the start of a pilot project that aims to evaluate and verify the quality and logistics of circular solvent recycling. This is CirChem’s first project targeting the paint industry and is in line with the company’s strategy to expand to new markets and sectors.
Metacon is a developer of small and large energy systems for the production of hydrogen, electricity and heat. The stock rose 21% after the company entered into a collaboration for the manufacturing of systems for green hydrogen production together with Siemens.
Soltech Energy Sweden, a comprehensive supplier that develops, sells, and installs solar energy solutions for both companies and private individuals, rose 13% amidst the commissioning of their own solar park with MSEK 150 lifetime value.
The average return for the top 10 impact stocks last week was 20%.
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. Midsummer is the best performer with an 85% increase year to date followed by Nordic Aqua Partners (64%). Compared to last week, the Proximar Seafood moved out while CirChem moved in.
The current average return of the top 10 stocks year-to-date is 46.2% – lower than last week’s 49.3%.
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. Recyctec, Scandinavian Enviro Systems, and CirChem have delivered 30%+ returns year-to-date with Recyctec being the stand-out.
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, 7 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 an 85% gain, while Volue, Green Hydrogen Systems, and Ferroamp are also performing great with +30% returns.
Energy Production Equipment & Services – YTD
Power2X & Fuel Cells
The Power-to-X and Fuel Cells sector offer 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 is the only stock 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 +60% 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 Capsol Technologies as the 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 Donkey Republic, and Havila Kystruten.
Mobility YTD
