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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>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: PGTK, BLDE, XOS, REE, CECE, LBNK, FL, INVZ, FE, BLNK</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>The WTR Sustainable Index fell by 0.5% W/W versus the S&amp;P 500 Index (down 2.5%), the Russell 2000 Index (down 2.6%), and the Nasdaq Index (down 2.6%).</li><li>Energy Technology (12.9% of the index) was down by 4.8%, while Industrial Climate and Ag Technology (48.9% of the index) was down 1.8%, ClimateTech Mining was down 6.8%, and Advanced Transportation Solutions was up 4.2%.</li><li>Top 10 Performers: NVVE, AZRE, GCEI, NEP, RE, ALTA, FIX, MULN, RIDE, CGRN</li></ul>

The WTR Sustainable Index fell by 0.5% W/W versus the S&amp;P 500 Index (down 2.5%), the Russell 2000 Index (down 2.6%), and the Nasdaq Index (down 2.6%).Energy Technology (12.9% of the index) was down by 4.8%, while Industrial Climate and Ag Technology (48.9% of the index) was down 1.8%, ClimateTech Mining was down 6.8%, and Advanced Transportation Solutions was up 4.2%.Top 10 Performers: NVVE, AZRE, GCEI, NEP, RE, ALTA, FIX, MULN, RIDE, CGRN

Weekly Sustainable Investing Surveyor - Week Ended October 27, 2023

<ul><li>The WTR Sustainable Index fell by 1.1% W/W versus the S&amp;P 500 Index (up 0.4%), the Russell 2000 Index (down 1.5%), and the Nasdaq Index (up 0.1%).</li><li>Energy Technology (13.8% of the index) was up by 1.3%, while Industrial Climate and Ag Technology (48.4% of the index) was down 1.7%, ClimateTech Mining was up 0.5%, and Advanced Transportation Solutions was down 1.7%.</li><li>Revolve Renewable Power is an owner, operator, and developer of renewable energy projects focused on the North American market.</li></ul>

The WTR Sustainable Index fell by 1.1% W/W versus the S&amp;P 500 Index (up 0.4%), the Russell 2000 Index (down 1.5%), and the Nasdaq Index (up 0.1%).Energy Technology (13.8% of the index) was up by 1.3%, while Industrial Climate and Ag Technology (48.4% of the index) was down 1.7%, ClimateTech Mining was up 0.5%, and Advanced Transportation Solutions was down 1.7%.Revolve Renewable Power is an owner, operator, and developer of renewable energy projects focused on the North American market.

Weekly Sustainable Investing Surveyor Week Ended October 13, 2023

<ul style="list-style-type: disc;"><li>Despite the turmoil in the Middle East, the MSCI World Index gained 0.36%, while the S&amp;P 500 rose 0.94%.</li><li>The Russell 2000 underperformed again, losing 1.58%, while the NASDAQ climbed 2.35%. YTD, the Russell 2000 is -2.35%, the S&amp;P 500 is +12.83, and NASDAQ is +28.10%.</li><li>This is surprising, as small caps typically lead off a bear market bottom. However, during this cycle, large tech is leading the way.</li></ul>

Despite the turmoil in the Middle East, the MSCI World Index gained 0.36%, while the S&amp;P 500 rose 0.94%.The Russell 2000 underperformed again, losing 1.58%, while the NASDAQ climbed 2.35%. YTD, the Russell 2000 is -2.35%, the S&amp;P 500 is +12.83, and NASDAQ is +28.10%.This is surprising, as small caps typically lead off a bear market bottom. However, during this cycle, large tech is leading the way.

The Highlights - Cannabis News for the Week Ending October 13, 2023

<ul><li>WTR-CMI last week. The third quarter ended on a down note, with the S&amp;P 500 losing 3.7% and the Russell 2000 dropping 2.7%.</li><li>Our WTR-CMI index slightly underperformed the Russell 2000, declining 3.0% for the week. Coincidently, RYAM led the performance of stocks in our index, appreciating 18% last week, as news spread of one of its main competitors in commodity markets announcing the intention to shut down a major wood pulp production plant in the US</li><li>Lithium (LAC and PLL) and ag- chem stocks (FMC and AVD) were the worst performers in our index last week on lower lithium prices and signs of slowing EV demand, and a weaker farmer outlook for 2024/25 season.</li></ul>

WTR-CMI last week. The third quarter ended on a down note, with the S&amp;P 500 losing 3.7% and the Russell 2000 dropping 2.7%.Our WTR-CMI index slightly underperformed the Russell 2000, declining 3.0% for the week. Coincidently, RYAM led the performance of stocks in our index, appreciating 18% last week, as news spread of one of its main competitors in commodity markets announcing the intention to shut down a major wood pulp production plant in the USLithium (LAC and PLL) and ag- chem stocks (FMC and AVD) were the worst performers in our index last week on lower lithium prices and signs of slowing EV demand, and a weaker farmer outlook for 2024/25 season.

Mat-Chem Notes For the Week Ended September 29, 2023

United States

The Russell 2000 Index is comprised of the smallest 2000 companies in the Russell 3000 Index, representing approximately 8% of the Russell 3000 total market capitalization. The index was developed with a base value of 135.00 as of December 31, 1986.

Russell 2000 Index (RTY INDEX)

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%).

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Weekly Sustainable Investing Surveyor - Week Ended October 27, 2023

The WTR Sustainable Index fell by 0.5% W/W versus the S&P 500 Index (down 2.5%), the Russell 2000 Index (down 2.6%), and the Nasdaq Index (down 2.6%).

Water Tower Research

Weekly Sustainable Investing Surveyor Week Ended October 13, 2023

The WTR Sustainable Index fell by 1.1% W/W versus the S&P 500 Index (up 0.4%), the Russell 2000 Index (down 1.5%), and the Nasdaq Index (up 0.1%).

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The Highlights - Cannabis News for the Week Ending October 13, 2023

The Russell 2000 underperformed again, losing 1.58%, while the NASDAQ climbed 2.35%. YTD, the Russell 2000 is -2.35%, the S&P 500 is +12.83, and...

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Mat-Chem Notes For the Week Ended September 29, 2023

WTR-CMI last week. The third quarter ended on a down note, with the S&P 500 losing 3.7% and the Russell 2000 dropping 2.7%.

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