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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.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Last week, the WTR Sustainable Index was down 0.4% W/W versus the S&amp;P 500 Index (up 0.3%), the Russell 2000 Index (up 1.0%), and the Nasdaq Index (up 1.0%).</li><li>Energy Technology (42% of the index) was up 1.4%, while Transportation Solutions (33% of the index) was down 1.8%, Climate Tech and Clean Tech (18% of the index) was down 0.6%, and Climate Tech Mining and Processing (7% of the index) was down 3.7%.</li><li>Top 10 Performers: WNDW, POLA, STTDF, ALLIF, LOOP, RAIN, IONR, ZTEK, AWLIF, AKCCF</li></ul>

Last week, the WTR Sustainable Index was down 0.4% W/W versus the S&amp;P 500 Index (up 0.3%), the Russell 2000 Index (up 1.0%), and the Nasdaq Index (up 1.0%).Energy Technology (42% of the index) was up 1.4%, while Transportation Solutions (33% of the index) was down 1.8%, Climate Tech and Clean Tech (18% of the index) was down 0.6%, and Climate Tech Mining and Processing (7% of the index) was down 3.7%.Top 10 Performers: WNDW, POLA, STTDF, ALLIF, LOOP, RAIN, IONR, ZTEK, AWLIF, AKCCF

Sustainable Investing Surveyor Focus on Eco Wave Power (WAVE) - September 8, 2025

<ul><li>Last week, the WTR Sustainable Index was up 3.2% W/W versus the S&amp;P 500 Index (up 0.3%), the Russell 2000 Index (up 3.3%), and the Nasdaq Index (down 0.9%).</li><li>Energy Technology (41% of the index) was up 3.8%, while Transportation Solutions (33% of the index) was up 3.7%, Climate Tech and Clean Tech (19% of the index) was up 1.0%, and Climate Tech Mining and Processing (7% of the index) was down 1.5%.</li><li>Top 10 Performers: GRNWF, NKLA, AKCCF, AVLNF, ADN, EVTV, NIO, DUTV, WAST, EFOI</li></ul>

Last week, the WTR Sustainable Index was up 3.2% W/W versus the S&amp;P 500 Index (up 0.3%), the Russell 2000 Index (up 3.3%), and the Nasdaq Index (down 0.9%).Energy Technology (41% of the index) was up 3.8%, while Transportation Solutions (33% of the index) was up 3.7%, Climate Tech and Clean Tech (19% of the index) was up 1.0%, and Climate Tech Mining and Processing (7% of the index) was down 1.5%.Top 10 Performers: GRNWF, NKLA, AKCCF, AVLNF, ADN, EVTV, NIO, DUTV, WAST, EFOI

Sustainable Investing Surveyor Focus on Westport Fuel - August 25, 2025

<ul><li>Last week, the WTR Sustainable Index was up 3.4% W/W versus the S&amp;P 500 Index (up 0.9%), the Russell 2000 Index (up 3.1%), and the Nasdaq Index (up 0.4%).</li><li>Energy Technology (41% of the index) was up 3.1%, while Transportation Solutions (33% of the index) was up 3.9%, Climate Tech and Clean Tech (19% of the index) was up 2.7%, and Climate Tech Mining and Processing (7% of the index) was up 3.3%.</li><li>Top 10 Performers: AMYZF, XPON, GRNWF, GEVO, RIDE, SUUN, BNRG, ARRY, FSI, PPSI</li></ul>

Last week, the WTR Sustainable Index was up 3.4% W/W versus the S&amp;P 500 Index (up 0.9%), the Russell 2000 Index (up 3.1%), and the Nasdaq Index (up 0.4%).Energy Technology (41% of the index) was up 3.1%, while Transportation Solutions (33% of the index) was up 3.9%, Climate Tech and Clean Tech (19% of the index) was up 2.7%, and Climate Tech Mining and Processing (7% of the index) was up 3.3%.Top 10 Performers: AMYZF, XPON, GRNWF, GEVO, RIDE, SUUN, BNRG, ARRY, FSI, PPSI

Sustainable Investing Surveyor Focus on NHHHF - August 18, 2025

<ul><li>Last week, the WTR Sustainable Index was up 1.6% W/W versus the S&amp;P 500 Index (up 2.4%), the Russell 2000 Index (up 2.4%), and the Nasdaq Index (up 3.7%).</li><li>Energy Technology (41% of the index) was up 2.7%, while Transportation Solutions (33% of the index) was up 1.2%, Climate Tech and Clean Tech (19% of the index) was down 2.2%, and Climate Tech Mining and Processing (7% of the index) was up 8.0%.</li><li>Top 10 Performers: CGEH, PEV, CWSFF, LISMF, FCSMF, NRGV, TLOFF, ATLX, ALLIF, ORGN</li></ul>

Last week, the WTR Sustainable Index was up 1.6% W/W versus the S&amp;P 500 Index (up 2.4%), the Russell 2000 Index (up 2.4%), and the Nasdaq Index (up 3.7%).Energy Technology (41% of the index) was up 2.7%, while Transportation Solutions (33% of the index) was up 1.2%, Climate Tech and Clean Tech (19% of the index) was down 2.2%, and Climate Tech Mining and Processing (7% of the index) was up 8.0%.Top 10 Performers: CGEH, PEV, CWSFF, LISMF, FCSMF, NRGV, TLOFF, ATLX, ALLIF, ORGN

Sustainable Investing Surveyor Focus on VGAS - August 11, 2025

<ul><li>This week, we are introducing modifications to our WTR Sustainable Investing Index.</li><li>Please see “About the WTR Index” on this page for the new description.</li><li>Aside from changes to the sector and sub-sector groupings, we now include only stocks with market caps greater than $2.0 million and less than $10 billion, so the new index reflects small- cap and mid-cap companies.</li></ul>

This week, we are introducing modifications to our WTR Sustainable Investing Index.Please see “About the WTR Index” on this page for the new description.Aside from changes to the sector and sub-sector groupings, we now include only stocks with market caps greater than $2.0 million and less than $10 billion, so the new index reflects small- cap and mid-cap companies.

Sustainable Investing Surveyor - Focus on BNRG - Jul 28, 2025

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)

Sustainable Investing Surveyor Focus on Eco Wave Power (WAVE) - September 8, 2025

Last week, the WTR Sustainable Index was down 0.4% W/W versus the S&P 500 Index (up 0.3%), the Russell 2000 Index (up 1.0%), and the Nasdaq Index...

Water Tower Research

Sustainable Investing Surveyor Focus on Westport Fuel - August 25, 2025

Last week, the WTR Sustainable Index was up 3.2% W/W versus the S&P 500 Index (up 0.3%), the Russell 2000 Index (up 3.3%), and the Nasdaq Index...

Water Tower Research

Sustainable Investing Surveyor Focus on NHHHF - August 18, 2025

Last week, the WTR Sustainable Index was up 3.4% W/W versus the S&P 500 Index (up 0.9%), the Russell 2000 Index (up 3.1%), and the Nasdaq Index (up...

Water Tower Research

Sustainable Investing Surveyor Focus on VGAS - August 11, 2025

Last week, the WTR Sustainable Index was up 1.6% W/W versus the S&P 500 Index (up 2.4%), the Russell 2000 Index (up 2.4%), and the Nasdaq Index (up...

Water Tower Research

Sustainable Investing Surveyor - Focus on BNRG - Jul 28, 2025

This week, we are introducing modifications to our WTR Sustainable Investing Index. Please see “About the WTR Index” on this page for the new...

Water Tower Research