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.

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<ul><li>The WTR Sustainable Index was down by 2.9% W/W versus the S&amp;P 500 Index (up 1.3%), the Russell 2000 Index (down 3.1%), and the Nasdaq Index (up 2.8%).</li><li>Energy Technology (12.2% of the index) was down by 12.1%, while Industrial Climate and Ag Technology (50.4% of the index) was up 0.5%, ClimateTech Mining was down 8.9%, and Advanced Transportation Solutions was down 3.8%.</li><li>Top 10 Performers<span style="font-size: var(--content-font-size);">: PGTK, BLDE, XOS, REE, CECE, LBNK, FL, INVZ, FE, BLNK</span></li></ul>

The WTR Sustainable Index was down by 2.9% W/W versus the S&amp;P 500 Index (up 1.3%), the Russell 2000 Index (down 3.1%), and the Nasdaq Index (up 2.8%).Energy Technology (12.2% of the index) was down by 12.1%, while Industrial Climate and Ag Technology (50.4% of the index) was up 0.5%, ClimateTech Mining was down 8.9%, and Advanced Transportation Solutions was down 3.8%.Top 10 Performers: PGTK, BLDE, XOS, REE, CECE, LBNK, FL, INVZ, FE, BLNK

Weekly Sustainable Investing Surveyor - Week Ended November 10, 2023

<ul><li>WTR Sustainable Index: During the week ended January 27, 2023, the WTR Sustainable Index outperformed the broader market, rising 20.0% W/W versus the S&amp;P 500 Index (up 2.5%), the Russell 2000 Index (up 2.4%), and the Nasdaq Composite Index (up 4.3%).</li><li>Advanced Transportation Solutions (69% of the index) drove the outperformance, rising 30.7% , while Energy Technology (9% of index) was up 1.8% and Industrial Climate and Ag Technology was up 1.9%.</li><li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 26.4x versus 18.3x for the S&amp;P 500.</li></ul>

WTR Sustainable Index: During the week ended January 27, 2023, the WTR Sustainable Index outperformed the broader market, rising 20.0% W/W versus the S&amp;P 500 Index (up 2.5%), the Russell 2000 Index (up 2.4%), and the Nasdaq Composite Index (up 4.3%).Advanced Transportation Solutions (69% of the index) drove the outperformance, rising 30.7% , while Energy Technology (9% of index) was up 1.8% and Industrial Climate and Ag Technology was up 1.9%.Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 26.4x versus 18.3x for the S&amp;P 500.

Weekly Sustainable Investing Surveyor: Week Ended January 27, 2023

Equity Bottom-Up

<ul><li>Last week, the WTR Sustainable Index was up 2.1% W/W versus the S&amp;P 500 Index (up 1.6%), the Russell 2000 Index (up 0.3%), and the Nasdaq Index (up 1.9%).</li><li>Energy Technology (43% of the index) was up 3.3%, while Transportation Solutions (33% of the index) was up 2.0%, Climate Tech and Clean Tech (18% of the index) was up 1.4%, and Climate Tech Mining and Processing (7% of the index) was down 1.1%.</li><li>Top 10 Performers: SAENF, SNRG, ASYS, RAIN, SKYQ, KARX, BLNK, NEOV, LBNKF, MVST</li></ul>

Last week, the WTR Sustainable Index was up 2.1% W/W versus the S&amp;P 500 Index (up 1.6%), the Russell 2000 Index (up 0.3%), and the Nasdaq Index (up 1.9%).Energy Technology (43% of the index) was up 3.3%, while Transportation Solutions (33% of the index) was up 2.0%, Climate Tech and Clean Tech (18% of the index) was up 1.4%, and Climate Tech Mining and Processing (7% of the index) was down 1.1%.Top 10 Performers: SAENF, SNRG, ASYS, RAIN, SKYQ, KARX, BLNK, NEOV, LBNKF, MVST

Sustainable Investing Surveyor Focus on Fuel Tech

United States

Blink Charging Co. operates as an electric vehicle charging stations. The Company develops charging stations for building owners, parking garages, municipalities, sporting venues, and other public areas. Blink Charging serves customers in the United States.

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Blink Charging Co (BLNK US)

Weekly Sustainable Investing Surveyor - Week Ended November 10, 2023

The WTR Sustainable Index was down by 2.9% W/W versus the S&P 500 Index (up 1.3%), the Russell 2000 Index (down 3.1%), and the Nasdaq Index (up 2.8%).

Water Tower Research

Weekly Sustainable Investing Surveyor: Week Ended January 27, 2023

During the week ended January 27, 2023, the WTR Sustainable Index outperformed the broader market, rising 20.0% W/W versus the S&P 500 Index (up 2.5%)

Water Tower Research

Sustainable Investing Surveyor Focus on Fuel Tech

Last week, the WTR Sustainable Index was up 2.1% W/W versus the S&P 500 Index (up 1.6%), the Russell 2000 Index (up 0.3%), and the Nasdaq Index (up...

Water Tower Research

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