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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<div><ul><li>WTR Sustainable Index: During the week ended April 14, 2023, the WTR Sustainable Index performed in line with the broader market, rising 1.0% W/W versus the S&amp;P 500 Index (up 0.8%), the Russell 2000 Index (up 1.5%), and the Nasdaq Composite Index (up 0.3%).</li><li>Energy Technology (8.0% of the index) drove the index performance, rising 4.7%, while Advanced Transportation Solutions (69.3% of the index) was up 0.1% and Industrial Climate and Ag Technology was up 2.7%.</li><li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 28.5x versus 18.9x for the S&amp;P 500.</li></ul></div>

WTR Sustainable Index: During the week ended April 14, 2023, the WTR Sustainable Index performed in line with the broader market, rising 1.0% W/W versus the S&amp;P 500 Index (up 0.8%), the Russell 2000 Index (up 1.5%), and the Nasdaq Composite Index (up 0.3%).Energy Technology (8.0% of the index) drove the index performance, rising 4.7%, while Advanced Transportation Solutions (69.3% of the index) was up 0.1% and Industrial Climate and Ag Technology was up 2.7%.Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 28.5x versus 18.9x for the S&amp;P 500.

Weekly Sustainable Investing Surveyor : Week Ended April 14, 2023

SPAC Deep Dive, subSPAC

subSPAC

SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Equity Bottom-Up

<ul><li>In the ever-changing landscape of SPACs, a new trend has emerged that has got investors talking: Re-SPACs.</li><li>Last week, electric vehicle startup Arrival announced its intention to Re-SPAC with Kensington Capital Acquisition Corp. V, signifying a growing interest among De-SPAC companies in exploring alternative capital-raising strategies.</li><li>Traditionally, SPACs have been a popular vehicle for ushering businesses into the public markets.</li></ul>

In the ever-changing landscape of SPACs, a new trend has emerged that has got investors talking: Re-SPACs.Last week, electric vehicle startup Arrival announced its intention to Re-SPAC with Kensington Capital Acquisition Corp. V, signifying a growing interest among De-SPAC companies in exploring alternative capital-raising strategies.Traditionally, SPACs have been a popular vehicle for ushering businesses into the public markets.

<ul><li>The WTR Sustainable Index underperformed the broader market, falling 10.3% W/W versus the S&amp;P 500 Index (down 4.5%), the Russell 2000 Index (down 8.1%), and the Nasdaq Composite Index (down 4.7%).</li><li>Advanced Transportation Solutions (67.9% of the index) drove the index underperformance, falling 12.4%, while Industrial Climate and Ag Technology (23.6% of the index) was down 3.4% and Energy Technology was down 10.3%.</li><li>Top 10 Performers: WWR, ABML, EFOI, LPEN, AMYZF, FCSMD, REE, PPSI, JEV.V, TPIC</li></ul>

The WTR Sustainable Index underperformed the broader market, falling 10.3% W/W versus the S&amp;P 500 Index (down 4.5%), the Russell 2000 Index (down 8.1%), and the Nasdaq Composite Index (down 4.7%).Advanced Transportation Solutions (67.9% of the index) drove the index underperformance, falling 12.4%, while Industrial Climate and Ag Technology (23.6% of the index) was down 3.4% and Energy Technology was down 10.3%.Top 10 Performers: WWR, ABML, EFOI, LPEN, AMYZF, FCSMD, REE, PPSI, JEV.V, TPIC

Weekly Sustainable Investing Surveyor: Week Ended March 10, 2023

United States

Arrival manufactures electric commercial vehicles. The Company designs technologies for electric vehicles with scalable microfactories combined with proprietary in-house developed components, materials, and software, as well as enables the production priced to fossil fuel variants and with a substantially lower total cost of ownership. Arrival serves automotive industries worldwide.

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Arrival (ARVL US)

Weekly Sustainable Investing Surveyor : Week Ended April 14, 2023

WTR Sustainable Index: During the week ended April 14, 2023, the WTR Sustainable Index performed in line with the broader market, rising 1.0% W/W...

Water Tower Research

Riding the Re-SPAC Wave

Last week, electric vehicle startup Arrival announced its intention to Re-SPAC with Kensington Capital Acquisition Corp. V, signifying a growing...

subSPAC

Weekly Sustainable Investing Surveyor: Week Ended March 10, 2023

The WTR Sustainable Index underperformed the broader market, falling 10.3% W/W versus the S&P 500 Index (down 4.5%), the Russell 2000 Index (down...

Water Tower Research

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