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

Thematic (Sector/Industry)

<ul>
<li>WTR Sustainable Index: During the week ended April 7, 2023, the WTR Sustainable Index underperformed the broader market, falling 9.0% W/W versus the S&amp;P 500 Index (down 0.1%), the Russell 2000 Index (down 2.7%), and the Nasdaq Composite Index (down 1.1%).</li>
<li>Advanced Transportation Solutions (70.0% of the index) contributed to the index underperformance, falling 10.4%, while Industrial Climate and Ag Technology (22.3% of the index) was down 4.5% and Energy Technology was down 8.9%.</li>
<li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 26.6x versus 18.8x for the S&amp;P 500.</li>
</ul>


WTR Sustainable Index: During the week ended April 7, 2023, the WTR Sustainable Index underperformed the broader market, falling 9.0% W/W versus the S&amp;P 500 Index (down 0.1%), the Russell 2000 Index (down 2.7%), and the Nasdaq Composite Index (down 1.1%).
Advanced Transportation Solutions (70.0% of the index) contributed to the index underperformance, falling 10.4%, while Industrial Climate and Ag Technology (22.3% of the index) was down 4.5% and Energy Technology was down 8.9%.
Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 26.6x versus 18.8x for the S&amp;P 500.


Weekly Sustainable Investing Surveyor : Week Ended April 7, 2023

<ul><li>The WTR Sustainable Index outperformed the broader market, rising 4.0% W/W versus the S&amp;P 500 Index (up 1.4%), the Russell 2000 Index (up 0.5%), and the Nasdaq Composite Index (up 1.7%).</li><li>Advanced Transportation Solutions (70.3% of the index) drove the index performance, rising 5.5%, while Industrial Climate and Ag Technology (22.1% of the index) was up 0.5% and Energy Technology was up 0.7%.</li><li>Top 10 Performers: PSIX, BRDS, PTRA, NGPHF, TGEN, GVP, VIHD, ENG, NIO, EFOI</li></ul>

The WTR Sustainable Index outperformed the broader market, rising 4.0% W/W versus the S&amp;P 500 Index (up 1.4%), the Russell 2000 Index (up 0.5%), and the Nasdaq Composite Index (up 1.7%).Advanced Transportation Solutions (70.3% of the index) drove the index performance, rising 5.5%, while Industrial Climate and Ag Technology (22.1% of the index) was up 0.5% and Energy Technology was up 0.7%.Top 10 Performers: PSIX, BRDS, PTRA, NGPHF, TGEN, GVP, VIHD, ENG, NIO, EFOI

Weekly Sustainable Investing Surveyor: Week Ended March 24, 2023

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2)</li><li>China steps up timetable for senior vaccinations as Covid cases surge</li><li>China’s President Xi Jinping meets with Mongolian President</li></ul>

Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2)China steps up timetable for senior vaccinations as Covid cases surgeChina’s President Xi Jinping meets with Mongolian President

CX Daily: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)

<ul><li>SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong Kong</li><li>Taiwan / Chinese envoy warns U.S. against further escalating tensions over Taiwan</li><li>Flood / Northwest China flash floods leave 16 dead, 36 missing</li></ul>

SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong KongTaiwan / Chinese envoy warns U.S. against further escalating tensions over TaiwanFlood / Northwest China flash floods leave 16 dead, 36 missing

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

Global Automotive Stocks/EV Focus/Event Driven

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

Equity Bottom-Up

Faraday Future Intelligent Ele / Equity Bottom-Up

<ul>
<li>Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.</li>
<li>FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.</li>
<li>Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. </li>
</ul>


Faraday Future (FF) saw a Q2 net loss of $142m &amp; cash fell by 56% QoQ to $121m. As of Aug-9th, cash sunk another 59% to $52m.
FF's recently lined up financing provides $52m, but comes in stages through late October, which could hinder its Q4 new flagship EV launch.
Risk statements regarding the launch of its new EV raise concerns about supplier relationships and marketing capabilities even if its first EV is launched in Q4. 


Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

United States

Faraday Future Intelligent Electric Inc. operates as a mobility ecosystem company. The Company develops mobility ecosystem that integrates clean energy, AI, internet, and usership models. Faraday Future Intelligent Electric serves customers worldwide.

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Faraday Future Intelligent Ele (FFIE US)

Weekly Sustainable Investing Surveyor : Week Ended April 7, 2023

During the week ended April 7, 2023, the WTR Sustainable Index underperformed the broader market, falling 9.0% W/W versus the S&P 500 Index (down...

Water Tower Research

Weekly Sustainable Investing Surveyor: Week Ended March 24, 2023

The WTR Sustainable Index outperformed the broader market, rising 4.0% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (up 0.5%),...

Water Tower Research

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

Faraday's Q2 results show higher cash burn and new warnings about parts supply problems due to late payments and stricter sales terms. New funding...

SC Capital

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Weekly Sustainable Investing Surveyor : Week Ended April 7, 2023

During the week ended April 7, 2023, the WTR Sustainable Index underperformed the broader market, falling 9.0% W/W versus the S&P 500 Index (down...

Water Tower Research

Weekly Sustainable Investing Surveyor: Week Ended March 24, 2023

The WTR Sustainable Index outperformed the broader market, rising 4.0% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (up 0.5%),...

Water Tower Research

CX Daily: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)

Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2). China steps up timetable for senior vaccinations as...

Caixin Global

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

Faraday Future's Weak Q2 Results & Cash Risks Ahead of New EV Launch

Faraday's Q2 results show higher cash burn and new warnings about parts supply problems due to late payments and stricter sales terms. New funding...

SC Capital