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

Equity Bottom-Up

Westport Fuel Systems  / Equity Bottom-Up

<ul><li>Westport is a leading supplier of advanced, affordable, and low-emission transportation technologies for the global transportation and industrial sectors. </li><li>Sceli said the company’s proven technologies support a wide range of clean fuels like compressed natural gas (CNG), renewable natural gas (RNG), hydrogen, and liquefied natural gas (LNG), empowering OEMs and commercial transportation industries to cost effectively meet performance demands, regulatory requirements, and climate targets.</li><li>Westport developed High Pressure Direct Injection (HPDI™) technology, which originated from a university laboratory, and has now become mainstream in the long-haul trucking sector. </li></ul>

Westport is a leading supplier of advanced, affordable, and low-emission transportation technologies for the global transportation and industrial sectors. Sceli said the company’s proven technologies support a wide range of clean fuels like compressed natural gas (CNG), renewable natural gas (RNG), hydrogen, and liquefied natural gas (LNG), empowering OEMs and commercial transportation industries to cost effectively meet performance demands, regulatory requirements, and climate targets.Westport developed High Pressure Direct Injection (HPDI™) technology, which originated from a university laboratory, and has now become mainstream in the long-haul trucking sector. 

Westport Fuel Systems CEO on Strategy for Low-Cost and Low-Emissions Global Trucking

Global Water Resources  / Equity Bottom-Up

<ul><li>The WTR Sustainable Index was up 1.7% W/W versus the S&amp;P 500 Index (up 1.7%), the Russell 2000 Index (up 1.4%) and the Nasdaq Index (up 1.6%).</li><li>Energy Technology (13.7% of the index) was up 1.9%, while Industrial Climate and Ag Technology (47.6% of the index) was up 2.6%, ClimateTech Mining was up 1.4%, and Advanced Transportation Solutions (20.9% of the index) was up 1.6%.</li><li>Top 10 Performers<strong>:</strong><span style="font-size: var(--content-font-size);"> WML, WWR, LTBR, SMR, MGPHF, BE, PSIX, GTEC, LOOP, WPRT</span></li></ul>

The WTR Sustainable Index was up 1.7% W/W versus the S&amp;P 500 Index (up 1.7%), the Russell 2000 Index (up 1.4%) and the Nasdaq Index (up 1.6%).Energy Technology (13.7% of the index) was up 1.9%, while Industrial Climate and Ag Technology (47.6% of the index) was up 2.6%, ClimateTech Mining was up 1.4%, and Advanced Transportation Solutions (20.9% of the index) was up 1.6%.Top 10 Performers: WML, WWR, LTBR, SMR, MGPHF, BE, PSIX, GTEC, LOOP, WPRT

Sustainable Investing Surveyor Focus on Global Water Resources, Inc. (GWRS)

Thematic (Sector/Industry)

<ul><li>The WTR Sustainable Index was down 3.6% W/W versus the S&amp;P 500 Index (up 1.3%), the Russell 2000 Index (down 2.1%), and the Nasdaq Index (up 2.5%).</li><li>Energy Technology (14.6% of the index) was down by 4.6%, while Industrial Climate and Ag Technology (58.5% of the index) was down by 3.4%, ClimateTech Mining was down 8.5%, and Advanced Transportation Solutions (21.0% of index) was down 2.9%.</li><li>Top 10 Performers: RCKTF, NVVE, ROOF, CVW, GMGMF, NAAS, <span style="font-size: var(--content-font-size);">WPRT, OESX, COMM, AMSC</span></li></ul>

The WTR Sustainable Index was down 3.6% W/W versus the S&amp;P 500 Index (up 1.3%), the Russell 2000 Index (down 2.1%), and the Nasdaq Index (up 2.5%).Energy Technology (14.6% of the index) was down by 4.6%, while Industrial Climate and Ag Technology (58.5% of the index) was down by 3.4%, ClimateTech Mining was down 8.5%, and Advanced Transportation Solutions (21.0% of index) was down 2.9%.Top 10 Performers: RCKTF, NVVE, ROOF, CVW, GMGMF, NAAS, WPRT, OESX, COMM, AMSC

Weekly Sustainable Investing Surveyor - Week Ended June 7, 2024

<div><div><div><ul style="list-style-type: disc;"><li><p>WTR Sustainable Index: During the week ended July 14, 2023, the WTR Sustainable Index performed in line with the broader market, rising 2.6% W/W versus the S&amp;P 500 Index (up 2.4%), the Russell 2000 Index (up 3.6%), and the Nasdaq Composite Index (up 3.3%). Advanced Transportation Solutions (75.1% of the index) has contributed to the index’s outperformance, rising 2.5%, while Energy Technology (6.7% of the index) was up 6.1% and Industrial Climate and Ag Technology was up 2.0%.</p></li><li><p>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.8x versus 21.0x for the S&amp;P 500.</p></li><li><p>Consensus estimates changes: During the week ended July 14, 2023, there were three increases (two in Advanced Transportation Solutions and one in Industrial Climate and Ag Technology) 2022 revenue estimates. </p></li></ul></div></div></div>

WTR Sustainable Index: During the week ended July 14, 2023, the WTR Sustainable Index performed in line with the broader market, rising 2.6% W/W versus the S&amp;P 500 Index (up 2.4%), the Russell 2000 Index (up 3.6%), and the Nasdaq Composite Index (up 3.3%). Advanced Transportation Solutions (75.1% of the index) has contributed to the index’s outperformance, rising 2.5%, while Energy Technology (6.7% of the index) was up 6.1% and Industrial Climate and Ag Technology was up 2.0%.Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.8x versus 21.0x for the S&amp;P 500.Consensus estimates changes: During the week ended July 14, 2023, there were three increases (two in Advanced Transportation Solutions and one in Industrial Climate and Ag Technology) 2022 revenue estimates. 

Industry Report Climatetech & Sustainable Investing

<ul>
<li>WTR Sustainable Index: During the week ended June 9, 2023, the WTR Sustainable Index outperformed the broader market, rising 9.7% W/W versus the S&amp;P 500 Index (up 0.4%), the Russell 2000 Index (up 1.9%), and the Nasdaq Composite Index (up 0.1%).</li>
<li>Advanced Transportation Solutions (73.6% of the index) drove the index’s performance, rising 12.8%, while Energy Technology (6.8% of the index) was up 2.1% and Industrial Climate and Ag Technology was up 2.5%.</li>
<li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 25.0x versus 20.0x for the S&amp;P 500.</li>
</ul>


WTR Sustainable Index: During the week ended June 9, 2023, the WTR Sustainable Index outperformed the broader market, rising 9.7% W/W versus the S&amp;P 500 Index (up 0.4%), the Russell 2000 Index (up 1.9%), and the Nasdaq Composite Index (up 0.1%).
Advanced Transportation Solutions (73.6% of the index) drove the index’s performance, rising 12.8%, while Energy Technology (6.8% of the index) was up 2.1% and Industrial Climate and Ag Technology was up 2.5%.
Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 25.0x versus 20.0x for the S&amp;P 500.


Weekly Sustainable Investing Surveyor : Week Ended June 9, 2023

Canada

Westport Fuel Systems Inc. produces natural gas engines and fuel system components for on and off-highway commercial vehicles, as well as passenger automobiles. Westport is commercializing high pressure direct injection (HPDI) combustion technology.

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Westport Fuel Systems (WPRT US)

Westport Fuel Systems CEO on Strategy for Low-Cost and Low-Emissions Global Trucking

Westport is a leading supplier of advanced, affordable, and low-emission transportation technologies for the global transportation and industrial...

Water Tower Research

Sustainable Investing Surveyor Focus on Global Water Resources, Inc. (GWRS)

The WTR Sustainable Index was up 1.7% W/W versus the S&P 500 Index (up 1.7%), the Russell 2000 Index (up 1.4%) and the Nasdaq Index (up 1.6%).

Water Tower Research

Weekly Sustainable Investing Surveyor - Week Ended June 7, 2024

The WTR Sustainable Index was down 3.6% W/W versus the S&P 500 Index (up 1.3%), the Russell 2000 Index (down 2.1%), and the Nasdaq Index (up 2.5%).

Water Tower Research

Industry Report Climatetech & Sustainable Investing

Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.8x versus 21.0x for the S&P 500.

Water Tower Research

Weekly Sustainable Investing Surveyor : Week Ended June 9, 2023

Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 25.0x versus 20.0x for the S&P 500.

Water Tower Research

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