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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>We joined WTR’s Head of Business Development Tim Regan on this week’s Water Tower Hour Podcast to recap what happened in the chemicals and materials technology industries in 2023 and to provide an outlook for 2024.</li><li>Those interested can listen to the podcast on Apple Podcasts, Google Podcasts, Spotify, or on our website.</li><li>WTR-CMI in 2023. With the majority of stocks in our index finishing 2023 in positive territory, the WTR-CMI Index managed to keep pace with the Russell 2000, appreciating 15%.</li></ul>

We joined WTR’s Head of Business Development Tim Regan on this week’s Water Tower Hour Podcast to recap what happened in the chemicals and materials technology industries in 2023 and to provide an outlook for 2024.Those interested can listen to the podcast on Apple Podcasts, Google Podcasts, Spotify, or on our website.WTR-CMI in 2023. With the majority of stocks in our index finishing 2023 in positive territory, the WTR-CMI Index managed to keep pace with the Russell 2000, appreciating 15%.

Water Tower Hour Recap -  2023 Review and 2024 Outlook

<ul><li>The WTR Sustainable Index was up by 1.0% W/W versus the S&amp;P 500 Index (up 1.4%), the Russell 2000 Index (down 0.8%), and the Nasdaq Index (up 1.3%).</li><li>Energy Technology (13.9% of the index) was up by 5.1%, while Industrial Climate and Ag Technology (54.5% of the index) was up 1.1%, ClimateTech Mining was down 5.4%, and Advanced Transportation Solutions was up 0.1%.</li><li>Top 10 Performers: EVTV, PLUG, JEV, NXT, VIEW, PGTK, LCID, NAAS, ANRG, ELBM</li></ul>

The WTR Sustainable Index was up by 1.0% W/W versus the S&amp;P 500 Index (up 1.4%), the Russell 2000 Index (down 0.8%), and the Nasdaq Index (up 1.3%).Energy Technology (13.9% of the index) was up by 5.1%, while Industrial Climate and Ag Technology (54.5% of the index) was up 1.1%, ClimateTech Mining was down 5.4%, and Advanced Transportation Solutions was up 0.1%.Top 10 Performers: EVTV, PLUG, JEV, NXT, VIEW, PGTK, LCID, NAAS, ANRG, ELBM

Weekly Sustainable Investing Surveyor - Week Ended February 2, 2024

<ul><li>Changes to WTR-CMI. Following the completion of Livent’s merger of equals with Allkem, the new company, with the new name Arcadium Lithium plc, is now trading under the symbols ALTM-NYSE and LTM-ASX, and has replaced LTHM in our index.</li><li>WTR-CMI last week. The S&amp;P 500 appreciated 1.2% last week, while the broader Russell 2000 managed to stay relatively flat, losing 0.3% of its value.</li><li>Our WTR-CMI Index declined 1.2%, dragged down by double-digit losses in lithium stocks and the continuing decline in the value of synthetic graphite maker EAF. </li></ul>

Changes to WTR-CMI. Following the completion of Livent’s merger of equals with Allkem, the new company, with the new name Arcadium Lithium plc, is now trading under the symbols ALTM-NYSE and LTM-ASX, and has replaced LTHM in our index.WTR-CMI last week. The S&amp;P 500 appreciated 1.2% last week, while the broader Russell 2000 managed to stay relatively flat, losing 0.3% of its value.Our WTR-CMI Index declined 1.2%, dragged down by double-digit losses in lithium stocks and the continuing decline in the value of synthetic graphite maker EAF. 

Mat-Chem Notes - For the Week Ended January 19, 2024

<ul><li>The WTR Sustainable Index was down by 4.0% W/W versus the S&amp;P 500 Index (up 1.2%), the Russell 2000 Index (down 0.3%), and the Nasdaq Index (up 2.9%).</li><li>Energy Technology (13.0% of the index) was down by 6.0%, while Industrial Climate and Ag Technology (54.6% of the index) was down 0.2%, ClimateTech Mining was down 8.5%, and Advanced Transportation Solutions was down 10.0%.</li><li>Top 10 Performers: FE, CPWHF, GPHOF, WUC, EGT, BRDS, EOSE, BNET, GCEI, VECO</li></ul>

The WTR Sustainable Index was down by 4.0% W/W versus the S&amp;P 500 Index (up 1.2%), the Russell 2000 Index (down 0.3%), and the Nasdaq Index (up 2.9%).Energy Technology (13.0% of the index) was down by 6.0%, while Industrial Climate and Ag Technology (54.6% of the index) was down 0.2%, ClimateTech Mining was down 8.5%, and Advanced Transportation Solutions was down 10.0%.Top 10 Performers: FE, CPWHF, GPHOF, WUC, EGT, BRDS, EOSE, BNET, GCEI, VECO

Weekly Sustainable Investing Surveyor - Week Ended January 19, 2024

<ul><li>The WTR Sustainable Index was down by 3.2% W/W versus the S&amp;P 500 Index (down 1.5%), the Russell 2000 Index (down 3.7%), and the Nasdaq Index (down 3.1%).</li><li>Energy Technology (13.7% of the index) was down by 6.5%, while Industrial Climate and Ag Technology (50.6% of the index) was down 2.1%, ClimateTech Mining was up 10.3%, and Advanced Transportation Solutions was down 6.7%.</li><li>Top 10 Performers: AEVA, WAVE, PEV, PTRA, QS, PGTK, EFLVF, NXH, LIS, TMC</li></ul>

The WTR Sustainable Index was down by 3.2% W/W versus the S&amp;P 500 Index (down 1.5%), the Russell 2000 Index (down 3.7%), and the Nasdaq Index (down 3.1%).Energy Technology (13.7% of the index) was down by 6.5%, while Industrial Climate and Ag Technology (50.6% of the index) was down 2.1%, ClimateTech Mining was up 10.3%, and Advanced Transportation Solutions was down 6.7%.Top 10 Performers: AEVA, WAVE, PEV, PTRA, QS, PGTK, EFLVF, NXH, LIS, TMC

Weekly Sustainable Investing Surveyor  - Week Ended January 5, 2024

United States

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

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Water Tower Hour Recap - 2023 Review and 2024 Outlook

WTR-CMI in 2023. With the majority of stocks in our index finishing 2023 in positive territory, the WTR-CMI Index managed to keep pace with the...

Water Tower Research

Weekly Sustainable Investing Surveyor - Week Ended February 2, 2024

The WTR Sustainable Index was up by 1.0% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (down 0.8%), and the Nasdaq Index (up 1.3%).

Water Tower Research

Mat-Chem Notes - For the Week Ended January 19, 2024

WTR-CMI last week. The S&P 500 appreciated 1.2% last week, while the broader Russell 2000 managed to stay relatively flat, losing 0.3% of its value.

Water Tower Research

Weekly Sustainable Investing Surveyor - Week Ended January 19, 2024

The WTR Sustainable Index was down by 4.0% W/W versus the S&P 500 Index (up 1.2%), the Russell 2000 Index (down 0.3%), and the Nasdaq Index (up 2.9%).

Water Tower Research

Weekly Sustainable Investing Surveyor - Week Ended January 5, 2024

The WTR Sustainable Index was down by 3.2% W/W versus the S&P 500 Index (down 1.5%), the Russell 2000 Index (down 3.7%), and the Nasdaq Index (down...

Water Tower Research