Originally published on 31/8 2024
ESGFIRE returns since 2018: + 1000 %
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Portfolio top picks for August 2024
Clean Motion
Replenish Nutrients
Market comment for August
August 2024 continued the trend of market volatility observed earlier in the year, with significant fluctuations across different regions and sectors. European small caps remained relatively stable, supported by strong economic fundamentals and continued investor confidence. North American markets, however, were more turbulent, influenced by inconsistent economic data and ongoing concerns about interest rate hikes by the Federal Reserve.
The renewable energy sector showed mixed performance. While wind and solar energy companies benefited from favorable policy environments and increased consumer demand, some sectors faced headwinds due to supply chain disruptions and rising material costs. Meanwhile, emerging markets continued to exhibit resilience, driven by advances in technology and significant inflows of foreign capital, particularly in the green tech and sustainable agriculture sectors.
Current ESGFIRE portfolio
Clean Motion
Performance YTD: -19 %
Clean Motion is in the middle of sending out their first deliveries of their solar powered vehicle EVIG to prospective clients. The company has announced that they are focusing on clients which has a potential of 100 + orders initially. The company has also announced that they are part of a procurement which could mean orders of between 300 – 800 vehicles if they win the procurement bid. A private placement was announced during august which will be used to fund the company’s expansion.
Replenish Nutrients
Performance YTD: -41%
In the second quarter of 2024, the Company experienced modest revenues, sales volumes, and margins in its blended fertilizer product line, primarily due to higher-cost inventory carryover and the strategic deferral of some sales to the fall season. Despite these factors, demand for the Company’s regenerative fertilizer products remains strong, with consistent and increasing purchases from both existing and new customers. The fluctuations observed were largely attributed to seasonal demand variations influenced by weather conditions and the natural cycling of nutrient requirements for different crop types.Looking ahead, the Company anticipates higher revenues and improved gross margin percentages in the second half of 2024 compared to the same period in 2023. This positive outlook is expected to contribute to solid overall results for the full year 2024.The granulated fertilizer product produced at the Beiseker facility continues to perform well, maintaining strong pricing and margins, further reinforcing the Company’s confidence in its long-term growth strategy.
Landi Renzo
Performance YTD: -44%
Launched a new line of hydrogen fuel systems, anticipating strong market adoption.
IPO Outlook
Alchemy
Still anticipated to go public by end of 2024 or beginning of 2025. Business outlook is strong with new partnerships.
Evanesce Packaging Solutions
On track for a Q4 2024 IPO, expected to list on Canadian exchanges or NASDAQ.
Ola Media
Finalizing a capital round with plans to go public in Q4 2024, promising substantial returns.
Captico2
Still in restructuring phase.
Conclusion
August was a challenging month for the ESGFIRE portfolio, with strategic advancements and market positioning that underline our commitment to sustainable investments. We continue to leverage our expertise to identify and support high-potential ESG companies.
The portfolio remains 100 % invested at this point.
About us:
ESGFIRE is a Swedish investment company and research firm that focuses on companies with either an environmentally friendly service or product. ESGFIRE has a performance record of over 1000 % returns since 2018. By only investing in environmentally friendly companies, ESGFIRE have outperformed the major indexes for several years. We have a track record of over 1100 % returns since 2018 using our own proven method of identifying high potential ESG companies.
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The stock price development above was calculated by taking the opening price at the first day of the month and the closing price at the last day of the month.
This post is based upon reliable sources, namely regulated press releases from the company, as referred to above. Nevertheless, this post may contain interpretations, estimates, or opinions of the authors, or other non-factual information. If that is the case, this is continuously stated above. Furthermore, any projections, forecasts, or similar are explicitly stated as such. These projections, forecasts, or similar have been conducted based on EV/SALES multiple calculations.
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