The Nordic impact stocks delivered a return of 4.9% and one sector rose 15%. A Norwegian company sold 88% of its solar portfolio to Swiss Life Asset Management at almost twice its current enterprise value. Two other solar stocks also did +100% for the week, while Waste Plastic Upcycling was delisted.

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.

The Energy Production Equipment & Services sector is on fire!

What a week for the Energy Production Equipment & services sector! In the past week, Otovo, Niutech, and SolTech Energy Sweden rose 45-126%, driving the sector’s weekly return to 15%. The Power2X & Fuel Cells sector also did very well with an 11% return driven by Horisont Energi and Metacon at 40-41%. Although both sectors did very well in the past week, they are still down year-to-date. On the other hand, the Energy Production & Storage sector is up by 14% fueled by EAM Solar at 190% year-to-date. The Food & Beverage sector ended down -2% driven with the majority of the stocks in decline rather than a single pulling it down.

Overall, the average return for impact stocks over the past week was 4.9% and -0.9% year-to-date.

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

Top 10 Impact Stocks of the Week

SolTech Energy Sweden (126%) operates in the energy sector. The company is a comprehensive supplier that develops, sells, and installs solar energy solutions for both companies and private individuals. Soltech consolidates the market through the acquisition of companies in the solar, roof, facade, and electricity industries. The stock rose significantly following the release of their Q4 results with net sales of 664 MSEK and a net profit of -218 MSEK – both down to the same period in 2023.

Niutech (118%) acquires and operates installation companies within digital infrastructure. The subsidiaries are operated independently within the business areas of mobile networks, electrical installations, fiber optics, property networks in copper and fiber, and solar energy. The company offers both installation and service to its customers. The customers are municipalities, authorities, property owners, and mobile operators. Niutech also rose following its Q4 results with revenues of 68 MSEK and a net profit of -47 MSEK.

Otovo (24%) is a Norwegian company operating in the energy sector. The company offers various consulting services in the installation of solar energy products. The team consists of engineers, installers, and other technical consultants focused on installing solar cells for private individuals and corporate customers. The company was founded in 2016 and has its main operations around the European market. The stock rose significantly after they signed an agreement to sell 88% of its continental solar portfolio to Swiss Life Asset Management for MEUR 105. The company currently has a market cap. of nearly 35 MEUR.

The average return for the top 10 stocks in the past week was 48% – a very good week for the top 10.

The 10 best-performing stocks in the past week

Top 10 impact stocks of the year

EAM Solar continues to be the best stock year-to-date with a 190% return followed by SolTech Energy Sweden at 151%. In comparison to last week, two changes were made. Partnera and Biofish moved out, and SolTech Energy Sweden and Otovo moved in.

The average return for the top 10 stocks in the past week was 80%, which is very high this early into the year.

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. Vow Green Metals and Circle Energy Sweden stand out with almost 2x returns.

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, and EAM Solar is far ahead of the rest of the sector.

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, SolTech Energy Sweden is doing well with a 151% return.

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.

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 15% and -30%.

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 27%.

Mobility YTD