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The purpose has been to rank various green investment opportunities and Kepler Cheuvreux has developed an analysis product that, according to Kepler, “has proven to be a valuable way to find good stocks.” The last time, in 2020, the ranking was successful and the Kepler “Green Impact Selection” selection performed 34% better than the STOXX Europe 600 index. This year, the selection process has been extended to 265 stocks, in compared to 190 last year. Share.
In this selection process, 15 actions have been shown to have the best conditions and are called “Green Impact Selection”. These stocks are considered to have a “significant ecological impact” and also very good investment prospects, meaning they are worth buying.
Of the 15 stocks, five are Nordic companies that receive their own specific reviews on Aktiell.
The first among the five is Ericsson, with 35 percent green exposure. The company is described as “having made a significant contribution to reducing CO2 emissions.”
In recent years, Ericsson has carried out development work on the product portfolio with the goal that within 5G it will be ten times more energy efficient than the 4G portfolio by 2022, compared to 2017. Ericsson’s ambition is to become carbon neutral by 2030. The recommendation is Buy, with a price target of 130 kr.
The next company is the Norwegian salmon company Speaks . The company’s products have a much lower carbon dioxide intensity compared to the production of, for example, meat and poultry, Kepler says. Mowi is the largest producer of farmed salmon in the Atlantic, but the market share is only 20 percent.
“The company controls the entire value chain, from cultivation to value-added products, reducing risks in the logistics chain,” Kepler writes. The recommendation is to buy, with a price target of NOK 235.
The third Nordic company is Danish Ørsted, with an ecological exposure of 94 percent. Ørsted is the world’s largest producer of offshore wind, both in terms of development, construction, operation and ownership. The recommendation is Buy, with a price target of 1,500 DKK.
as well Stora Enso is one of the Nordic companies on Kepler’s list. The company has a green exposure of 58 percent and states that “all investments in research and development are aimed at developing renewable and wood-based materials with the intention of replacing oil-based products such as plastic cutlery.” The recommendation is Buy, with a target price of 20 euros.
Finnish Forest Industry Group UPM it has a 56 percent ecological exposure, as assessed by Kepler. The activities with a green impact are the biorefining, biofuels and biochemicals segments, and Kepler Cheuvreux also estimates that the share will increase to 63 percent in 2023. The recommendation is Buy, with a price target of 38 euros.
The other ten stocks in Kepler’s Best Choice are in alphabetical order, A2A, Befesa, cost and freight, Covestro, Danone, Eon, EDP, Saint Gobain, ST Microelectronics, Y Veolia.
Of the stocks on the previous year’s list, only five remain this year. All five are cost and freight, EDP, Saint Gobain, Stora Enso Y Veolia.
Kepler’s selection criteria have been that a company must derive at least 25 percent of sales from green businesses. The stock must also receive a buy recommendation, in addition to being one of Kepler Cheuvreux’s preferred shares.
