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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>Residential electricity price spike shines a light on data center power usage. </li><li>Residential electricity prices rose sharply across much of the US between 2021 and 2025, with a meaningful number of utilities recording compound annual growth rates well above general inflation.</li><li>The Electric Power Monthly report published by the Energy Information Administration shows that US average residential electricity rates increased 6.1% per year during 2021-2025 and has jumped another ~9% so far this year (Figure 1). </li></ul>

Residential electricity price spike shines a light on data center power usage. Residential electricity prices rose sharply across much of the US between 2021 and 2025, with a meaningful number of utilities recording compound annual growth rates well above general inflation.The Electric Power Monthly report published by the Energy Information Administration shows that US average residential electricity rates increased 6.1% per year during 2021-2025 and has jumped another ~9% so far this year (Figure 1). 

States Push Back on Data Center Projects; US Military De-Escalation Calms Oil Markets

Equity Bottom-Up

<ul><li>The WTR Sustainable Index was down 2.0% W/W versus the S&amp;P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).</li><li>Energy Technology (13.8% of the index) was down 3.3%, while Industrial Climate and Ag Technology (48.3% of the index) was down 0.8%, ClimateTech Mining was down 4.1%, and Advanced Transportation Solutions (20.7% of index) was down 1.9%.</li><li>Top 10 Performer<span style="font-size: var(--content-font-size);">s: LEV, GRB, TGEN, HTOO, NGPHF, MVST, AZRE, EGT, MXL, HYSR</span></li></ul>

The WTR Sustainable Index was down 2.0% W/W versus the S&amp;P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).Energy Technology (13.8% of the index) was down 3.3%, while Industrial Climate and Ag Technology (48.3% of the index) was down 0.8%, ClimateTech Mining was down 4.1%, and Advanced Transportation Solutions (20.7% of index) was down 1.9%.Top 10 Performers: LEV, GRB, TGEN, HTOO, NGPHF, MVST, AZRE, EGT, MXL, HYSR

Sustainable Investing Surveyor Focus on California Resources Corporation (CRC)

United States

California Resources Corporation is an independent oil and natural gas company. The Company focuses on maximizing the value of land, mineral and technical resources for decarbonization by developing carbon capture and storage and other emissions reducing projects. California Resources serves customers in the State of California.

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California Resources (CRC US)

States Push Back on Data Center Projects; US Military De-Escalation Calms Oil Markets

Residential electricity prices rose sharply across much of the US between 2021 and 2025, with a meaningful number of utilities recording compound...

Water Tower Research

Sustainable Investing Surveyor Focus on California Resources Corporation (CRC)

The WTR Sustainable Index was down 2.0% W/W versus the S&P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).

Water Tower Research

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