Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>The WTR Sustainable Index was up down 1.5% W/W versus the S&amp;P 500 Index (down 1.0%), the Russell 2000 Index (down 2.9%), and the Nasdaq Index (down 0.8%).</li><li>Energy Technology (12.7% of the index) was down by 5.0%, while Industrial Climate and Ag Technology (57.1% of the index) was down by 1.0%, ClimateTech Mining was down by 1.9%, and Advanced Transportation Solutions (24.1% of index) was down by 1.2%.</li><li>Top 10 Performers: VVPR, NEOV, KULR, ORGN, EGT, BLDE, WAVE, FAT, AQMS, HCNWF</li></ul>

The WTR Sustainable Index was up down 1.5% W/W versus the S&amp;P 500 Index (down 1.0%), the Russell 2000 Index (down 2.9%), and the Nasdaq Index (down 0.8%).Energy Technology (12.7% of the index) was down by 5.0%, while Industrial Climate and Ag Technology (57.1% of the index) was down by 1.0%, ClimateTech Mining was down by 1.9%, and Advanced Transportation Solutions (24.1% of index) was down by 1.2%.Top 10 Performers: VVPR, NEOV, KULR, ORGN, EGT, BLDE, WAVE, FAT, AQMS, HCNWF

Weekly Sustainable Investing Surveyor - Week Ended April 5, 2024

<ul><li>WTR Sustainable Index: During the week ended February 10, 2023, the WTR Sustainable Index outperformed the broader market, rising 0.2% W/W versus the S&amp;P 500 Index (down 1.1%), the Russell 2000 Index (down 3.4%), and the Nasdaq Composite Index (down 2.4%). Advanced Transportation Solutions (70% of the index) drove the outperformance, rising 1.7% , while Energy Technology (9% of index) was down 5.0% and Industrial Climate and Ag Technology was down 2.2%.</li><li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.5x versus 18.4x for the S&amp;P 500.</li><li>Consensus estimates changes: During the week ended February 10, 2023, there were five <span style="box-sizing: border-box; text-decoration: underline;">increases</span> (three in Energy Technology and two in Industrial Climate and Ag Technology) 2022 revenue estimates. There were <span style="box-sizing: border-box; text-decoration: underline;">decreases</span> in 2022 revenue estimates for two companies each in Advanced Transportation Solutions and Industrial Climate and Ag Technology.</li></ul>

WTR Sustainable Index: During the week ended February 10, 2023, the WTR Sustainable Index outperformed the broader market, rising 0.2% W/W versus the S&amp;P 500 Index (down 1.1%), the Russell 2000 Index (down 3.4%), and the Nasdaq Composite Index (down 2.4%). Advanced Transportation Solutions (70% of the index) drove the outperformance, rising 1.7% , while Energy Technology (9% of index) was down 5.0% and Industrial Climate and Ag Technology was down 2.2%.Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.5x versus 18.4x for the S&amp;P 500.Consensus estimates changes: During the week ended February 10, 2023, there were five increases (three in Energy Technology and two in Industrial Climate and Ag Technology) 2022 revenue estimates. There were decreases in 2022 revenue estimates for two companies each in Advanced Transportation Solutions and Industrial Climate and Ag Technology.

Weekly Sustainable Investing Surveyor: Week Ended February 10, 2023

<ul><li>WTR Sustainable Index: During the week ended January 20, 2023, the WTR Sustainable Index outperformed the broader market, rising 3.3% W/W versus the S&amp;P 500 Index (down 0.7%), the Russell 2000 Index (down 1.0%), and the Nasdaq Composite Index (up 0.6%).</li><li>Advanced Transportation Solutions (63% of the index) drove the outperformance, rising 6.4% , while Energy Technology (11% of index) was down 1.5% and Industrial Climate and Ag Technology was down 1.6%.</li><li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.3x versus 17.9x for the S&amp;P 500.</li></ul>

WTR Sustainable Index: During the week ended January 20, 2023, the WTR Sustainable Index outperformed the broader market, rising 3.3% W/W versus the S&amp;P 500 Index (down 0.7%), the Russell 2000 Index (down 1.0%), and the Nasdaq Composite Index (up 0.6%).Advanced Transportation Solutions (63% of the index) drove the outperformance, rising 6.4% , while Energy Technology (11% of index) was down 1.5% and Industrial Climate and Ag Technology was down 1.6%.Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.3x versus 17.9x for the S&amp;P 500.

Weekly Sustainable Investing Surveyor: Week Ended January 20, 2023

Weekly Sustainable Investing Surveyor: Week Ended November 11, 2022

Weekly Sustainable Investing Surveyor: Week Ended November 4, 2022

United States

Aqua Metals, Inc. operates lead acid battery recycling facilities. The Company offers recycling of lead acid batteries. Aqua Metals produces lead recovered from used lead acid batteries.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Aqua Metals Inc (AQMS US)

Weekly Sustainable Investing Surveyor - Week Ended April 5, 2024

The WTR Sustainable Index was up down 1.5% W/W versus the S&P 500 Index (down 1.0%), the Russell 2000 Index (down 2.9%), and the Nasdaq Index (down...

Water Tower Research

Weekly Sustainable Investing Surveyor: Week Ended February 10, 2023

Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.5x versus 18.4x for the S&P 500.

Water Tower Research

Weekly Sustainable Investing Surveyor: Week Ended January 20, 2023

During the week ended January 20, 2023, the WTR Sustainable Index outperformed the broader market, rising 3.3% W/W versus the S&P 500 Index (down...

Water Tower Research

Weekly Sustainable Investing Surveyor: Week Ended November 11, 2022

SUMMARY Upcoming Events SES AI Corp. (SES) Please join us for a fireside chat on November 18 at 10:00 am EST with CEO Dr. Qichao Hu who will...

Water Tower Research

Weekly Sustainable Investing Surveyor: Week Ended November 4, 2022

SUMMARY Last Week’s Research Aqua Metals, Inc. (AQMS) 3Q22 Results: Revenue Expected to Start From 2023; Strengthened Balance Sheet with $6...

Water Tower Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)