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Environmentally Friendly Stocks That Are Outperforming the Market

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Fundamental numbers aren't the only things to consider when picking stocks.

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Today's truly savvy investors know that financial data can only get you so far, and that digging a bit deeper can unearth some real gems. To find stocks that might not normally receive much attention despite solid returns, our firm looks to tools like CSRHub.

Compiling ratings on social, environmental, community, and governance factors for many major companies, CSRHub utilizes data from socially responsible investment (SRI) analysis firms, NGOs, government agencies, and other less common sources of investing information.

For this list, we looked specifically at CSRHub environment ratings, which consider a company's relationship to the environment at large, from environmental policy and reporting to energy use and climate change effectiveness.

To find environmentally friendly stocks, we searched CSRHub for only those publicly traded names based in the US with an environment rating above 70 and a market capitalization above $100 million. This left us with 17 companies. To further narrow our results, we next turned to performance data, screening for those companies that outperformed over the last quarter, with over 20% return.

Only three companies remained, and all also happen to be rallying. Stocks like these that are rallying above their 20-day, 50-day, and 200-day moving averages (MA) are often considered to have strong upward momentum.


Charts powered by Kapitall. Data sourced from Zacks Investment Research.

1. Methode Electronics Inc. (NYSE:MEI): Designs and manufactures electromechanical devices worldwide. Market cap at $966.24 million; most recent closing price at $25.73.
  • CSRHub environment rating: 77
  • CSRHub overall rating: 66
  • Performance over the last quarter: 72.57%
  • 20-day MA: 21.75%
  • 50-day MA: 31.18%
  • 200-day MA: 80.68%
2. Cognex Corporation (NASDAQ:CGNX): Provides machine vision products that capture and analyze visual information to automate tasks, primarily in manufacturing processes. Market cap at $2.77 billion; most recent closing price at $63.60.
  • CSRHub environment rating: 79
  • CSRHub overall rating: 58
  • Performance over the last quarter: 42.54%
  • 20-day MA: 8.18%
  • 50-day MA: 15.29%
  • 200-day MA: 42.33%
3. Modine Manufacturing Company (NYSE:MOD): Engages in the development, manufacture, and marketing of thermal management products, components, and systems for use in on-highway and off-highway original equipment manufacturer vehicular applications, and to various building, industrial, refrigeration, and fuel cell markets. Market cap at $642.13 million; most recent closing price at $13.75.
  • CSRHub environment rating: 72
  • CSRHub overall rating: 62
  • Performance over the last quarter: 32.98%
  • 20-day MA: 0.93%
  • 50-day MA: 6.86%
  • 200-day MA: 37.68%


Charts powered by Kapitall. Data sourced from Zacks Investment Research.

Editor's note: This list was compiled by Emily Smykal, a Kapitall editor.

Kapitall's lists break complex concepts down to their basics, offering education and investing ideas to novices that double as a refresher course for more seasoned investors. Inspired by video game design, Kapitall's revolutionary brokerage platform combines a graphical user interface with tools that make it easy to build portfolios, share ideas and execute trades.

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No positions in stocks mentioned.
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