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>The WTR Sustainable Index fell by 5.7% W/W versus the S&amp;P 500 Index (down 2.4%), the Russell 2000 Index (down 2.3%), and the Nasdaq Index (down 2.9%).</li><li>Energy Technology (13.5% of the index) was down by 7.9%, while Industrial Climate and Ag Technology (49.5% of the index) was down 3.4%, ClimateTech Mining was down 5.2%, and Advanced Transportation Solutions was down 8.6%.</li><li>Top 10 Performers: NXH, NMG, WWR, NGPHF, ELBM, VIHD, MGPHF, GRB, TGEN, VGAS</li></ul>

The WTR Sustainable Index fell by 5.7% W/W versus the S&amp;P 500 Index (down 2.4%), the Russell 2000 Index (down 2.3%), and the Nasdaq Index (down 2.9%).Energy Technology (13.5% of the index) was down by 7.9%, while Industrial Climate and Ag Technology (49.5% of the index) was down 3.4%, ClimateTech Mining was down 5.2%, and Advanced Transportation Solutions was down 8.6%.Top 10 Performers: NXH, NMG, WWR, NGPHF, ELBM, VIHD, MGPHF, GRB, TGEN, VGAS

Weekly Sustainable Investing Surveyor -  Week Ended October 20, 2023

<div><div><div><div><ul><li>RROYF provides a non-dilutive royalty financing solution (through a combination of short-term loans and the acquisition of revenue-based royalties) to privately held and publicly traded renewable energy and clean energy technology companies.</li><li>RROYF’s objective is to acquire a portfolio of long-term, stable, diversified renewable energy royalty and income streams to provide shareholders with capital appreciation and a growing, sustainable, long-term cash distribution.</li><li>RROYF is a pioneer and the first publicly traded company to provide this royalty financing for the renewable energy and clean technology sector.</li></ul></div></div></div></div>

RROYF provides a non-dilutive royalty financing solution (through a combination of short-term loans and the acquisition of revenue-based royalties) to privately held and publicly traded renewable energy and clean energy technology companies.RROYF’s objective is to acquire a portfolio of long-term, stable, diversified renewable energy royalty and income streams to provide shareholders with capital appreciation and a growing, sustainable, long-term cash distribution.RROYF is a pioneer and the first publicly traded company to provide this royalty financing for the renewable energy and clean technology sector.

Weekly Sustainable Investing Surveyor - Week Ended August 25, 2023

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We still recommend a tactical overweight to defensives (Staples, Utilities, Healthcare, and gold miners) as the SPX tests our 4165-4200 resistance range, and also resistance from the prior 1.5-month uptrend.</li>
<li>As we await Wednesdays FOMC announcement, the DJIA and Nasdaq Composite are testing 1-year resistances at 34,280 and 12,300, the DXY appears to be inflecting higher, and breadth remains weak.</li>
<li>While we still see a reach to 4300-4325 as possible, we believe playing for more upside is akin to picking up pennies in front of a steamroller.</li>
</ul>


We still recommend a tactical overweight to defensives (Staples, Utilities, Healthcare, and gold miners) as the SPX tests our 4165-4200 resistance range, and also resistance from the prior 1.5-month uptrend.
As we await Wednesdays FOMC announcement, the DJIA and Nasdaq Composite are testing 1-year resistances at 34,280 and 12,300, the DXY appears to be inflecting higher, and breadth remains weak.
While we still see a reach to 4300-4325 as possible, we believe playing for more upside is akin to picking up pennies in front of a steamroller.


S&P 500 Testing 4165-4200, DJIA Testing 34,280, Nasdaq Composite Testing 12,300; Stay Defensive

Selected Quarterly & Annual Newsletters from Funds, Fund Newsletters

Fund Newsletters

Selected Quarterly & Annual Newsletters from Funds

<ul><li>Black Bear Value Fund returned -2.4% in September and +0.7% YTD.</li><li>This is the kind of environment where the ability to play offense and invest for the future is advantageous to our partnership.</li><li>Valuations between what we own and the “market” are still very wide.</li></ul>

Black Bear Value Fund returned -2.4% in September and +0.7% YTD.This is the kind of environment where the ability to play offense and invest for the future is advantageous to our partnership.Valuations between what we own and the “market” are still very wide.

United States

Green Brick Partners, Inc. invests in a range of real estate investments. The Company develops residential homes, complexes and residential communities.

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Green Brick Partners (GRBK US)

Weekly Sustainable Investing Surveyor - Week Ended October 20, 2023

The WTR Sustainable Index fell by 5.7% W/W versus the S&P 500 Index (down 2.4%), the Russell 2000 Index (down 2.3%), and the Nasdaq Index (down 2.9%).

Water Tower Research

Weekly Sustainable Investing Surveyor - Week Ended August 25, 2023

RROYF is a pioneer and the first publicly traded company to provide this royalty financing for the renewable energy and clean technology sector.

Water Tower Research

S&P 500 Testing 4165-4200, DJIA Testing 34,280, Nasdaq Composite Testing 12,300; Stay Defensive

$SPX testing our 4165-4200 resistance range, $DJI testing 34,280 1-yr resistance, Nasdaq Comp $COMPQ testing critical 12,300 resistance. All while...

Vermilion Research

Black Bear Value Fund Q3 2022 Letter

Black Bear Value Fund returned -2.4% in September and +0.7% YTD. This is the kind of environment where the ability to play offense and invest for...

Fund Newsletters

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