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 was down 4.5% W/W versus the S&amp;P 500 Index (down 2.1%), the cex (down 4.0%) and the Nasdaq Index (up 5.7%).</li><li>Energy Technology (13.5% of the index) was down 1.6%, while Industrial Climate and Ag Technology (48.3% of the index) was down 3.8%, ClimateTech Mining was down 3.4%, and Advanced Transportation Solutions (20.6% of index) was down 5.5%.</li><li>Top 10 Performers: GRB, BE, WKHS, MULN, LILM, HLGN, FGPHF, AMPS, NEOV, NOVA</li></ul>

The WTR Sustainable Index was down 4.5% W/W versus the S&amp;P 500 Index (down 2.1%), the cex (down 4.0%) and the Nasdaq Index (up 5.7%).Energy Technology (13.5% of the index) was down 1.6%, while Industrial Climate and Ag Technology (48.3% of the index) was down 3.8%, ClimateTech Mining was down 3.4%, and Advanced Transportation Solutions (20.6% of index) was down 5.5%.Top 10 Performers: GRB, BE, WKHS, MULN, LILM, HLGN, FGPHF, AMPS, NEOV, NOVA

Sustainable Investing Surveyor Focus on REX American Resources Corp. (REX)

<ul><li>The WTR Sustainable Index was up 3.6% W/W versus the S&amp;P 500 Index (up 4.7%), the Russell 2000 Index (up 8.6%) and the Nasdaq Index (down 3.7%).</li><li>Energy Technology (13.8% of the index) was down 0.3%, while Industrial Climate and Ag Technology (48.0% of the index) was up 5.3%, ClimateTech Mining was down 3%, and Advanced Transportation Solutions (20.8% of index) was up 3.2%.</li><li>Top 10 Performers: EXROF, FREY, GWTI-US, ZEV, BE, PSIX, NEOV, LICY, SMR-US</li></ul>

The WTR Sustainable Index was up 3.6% W/W versus the S&amp;P 500 Index (up 4.7%), the Russell 2000 Index (up 8.6%) and the Nasdaq Index (down 3.7%).Energy Technology (13.8% of the index) was down 0.3%, while Industrial Climate and Ag Technology (48.0% of the index) was up 5.3%, ClimateTech Mining was down 3%, and Advanced Transportation Solutions (20.8% of index) was up 3.2%.Top 10 Performers: EXROF, FREY, GWTI-US, ZEV, BE, PSIX, NEOV, LICY, SMR-US

Sustainable Investing Surveyor - November 11, 2024

<ul><li>The WTR Sustainable Index was down 3.6% W/W versus the S&amp;P 500 Index (down 2.0%), the Russell 2000 Index (up 1.7%) and the Nasdaq Index (down 4.0%).</li><li>Energy Technology (14.4% of the index) was down 8.1%, while Industrial Climate and Ag Technology (59.6% of the index) was down 1.7%, ClimateTech Mining was down 7.0%, and Advanced Transportation Solutions (20.7% of index) was down 6.0%.</li><li>Top 10 Performers: ARVL, ZAPP, NAAS, VMC, PEGY, QS, LCID, OUST, EVGO, COMM</li></ul>

The WTR Sustainable Index was down 3.6% W/W versus the S&amp;P 500 Index (down 2.0%), the Russell 2000 Index (up 1.7%) and the Nasdaq Index (down 4.0%).Energy Technology (14.4% of the index) was down 8.1%, while Industrial Climate and Ag Technology (59.6% of the index) was down 1.7%, ClimateTech Mining was down 7.0%, and Advanced Transportation Solutions (20.7% of index) was down 6.0%.Top 10 Performers: ARVL, ZAPP, NAAS, VMC, PEGY, QS, LCID, OUST, EVGO, COMM

Sustainable Investing Surveyor - Focus on Westwater Resources, Inc. (WWR)

<ul><li>The WTR Sustainable Index was up 0.3% W/W versus the S&amp;P 500 Index (flat), the Russell 2000 Index (down 1.2%), and the Nasdaq Index (up 1.4%).</li><li>Energy Technology (14.3% of the index) was up by 11.0%, while Industrial Climate and Ag Technology (59.4% of the index) was up by 0.8%, ClimateTech Mining was down 6.0%, and Advanced Transportation Solutions (20.3% of index) was down 6.7%.</li><li>Top 10 Performers: VIEW, PEV, PEGY, LIDR, BRDS, VIHD, ARVL, CPWHF, BE, NXT</li></ul>

The WTR Sustainable Index was up 0.3% W/W versus the S&amp;P 500 Index (flat), the Russell 2000 Index (down 1.2%), and the Nasdaq Index (up 1.4%).Energy Technology (14.3% of the index) was up by 11.0%, while Industrial Climate and Ag Technology (59.4% of the index) was up by 0.8%, ClimateTech Mining was down 6.0%, and Advanced Transportation Solutions (20.3% of index) was down 6.7%.Top 10 Performers: VIEW, PEV, PEGY, LIDR, BRDS, VIHD, ARVL, CPWHF, BE, NXT

Weekly Sustainable Investing Surveyor - Week Ended May 24, 2024

<ul><li>The WTR Sustainable Index was up 1.6% W/W versus the S&amp;P 500 Index (flat), the Russell 2000 Index (up 1.2%), and the Nasdaq Index (up 1.5%).</li><li>Energy Technology (12.3% of the index) was down by 2.4%, while Industrial Climate and Ag Technology (59.3% of the index) was up by 4.4%, ClimateTech Mining was down 1.1%, and Advanced Transportation Solutions (22.3% of index) was down 3.3%</li><li>Top 10 Performers: LIDR, PNPN, PSIX, GCEI, EGT, MULN, IBAT, SLI, BLBD, ZEV</li></ul>

The WTR Sustainable Index was up 1.6% W/W versus the S&amp;P 500 Index (flat), the Russell 2000 Index (up 1.2%), and the Nasdaq Index (up 1.5%).Energy Technology (12.3% of the index) was down by 2.4%, while Industrial Climate and Ag Technology (59.3% of the index) was up by 4.4%, ClimateTech Mining was down 1.1%, and Advanced Transportation Solutions (22.3% of index) was down 3.3%Top 10 Performers: LIDR, PNPN, PSIX, GCEI, EGT, MULN, IBAT, SLI, BLBD, ZEV

Weekly Sustainable Investing Surveyor - Week Ended May 10, 2024

United States

The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ. No security can have more than a 24% weighting. The index was developed with a base value of 125 as of February 1, 1985. Prior to December 21,1998 the Nasdaq 100 was a cap-weighted index.

Nasdaq-100 Stock Index (NDX INDEX)

Sustainable Investing Surveyor Focus on REX American Resources Corp. (REX)

The WTR Sustainable Index was down 4.5% W/W versus the S&P 500 Index (down 2.1%), the Russell 2000 Index (down 4.0%) and the Nasdaq Index (up 5.7%).

Water Tower Research

Sustainable Investing Surveyor - November 11, 2024

The WTR Sustainable Index was up 3.6% W/W versus the S&P 500 Index (up 4.7%), the Russell 2000 Index (up 8.6%) and the Nasdaq Index (down 3.7%).

Water Tower Research

Sustainable Investing Surveyor - Focus on Westwater Resources, Inc. (WWR)

The WTR Sustainable Index was down 3.6% W/W versus the S&P 500 Index (down 2.0%), the Russell 2000 Index (up 1.7%) and the Nasdaq Index (down 4.0%).

Water Tower Research

Weekly Sustainable Investing Surveyor - Week Ended May 24, 2024

The WTR Sustainable Index was up 0.3% W/W versus the S&P 500 Index (flat), the Russell 2000 Index (down 1.2%), and the Nasdaq Index (up 1.4%).

Water Tower Research

Weekly Sustainable Investing Surveyor - Week Ended May 10, 2024

The WTR Sustainable Index was up 1.6% W/W versus the S&P 500 Index (flat), the Russell 2000 Index (up 1.2%), and the Nasdaq Index (up 1.5%).

Water Tower Research