The fund tracks the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. Investors search for trends, growing industries, and general growth sectors with outlooks for sustained growth. One such sector that could experience rapid growth is the “water” industry. As the world’s population increases, more innovation is required to find, clean, treat, and use water for many different reasons.
- Water is an irreplaceable resource essential to sustaining life, and its value is increasing daily.
- Roper’s products include Neptune smart water meters, which are used to take 72 million readings per month.
- It serves approximately 5 million people across ten states (including Pennsylvania, Ohio, North Carolina, Illinois, and Texas) under brands such as Aqua and Peoples.
- The top heavy allocation certainly adds additional risk to the investment.
You should consider whether you can afford to take the high risk of losing your money. If a brand is a referral partner, we’re paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. The Coca-Cola Company is listed on the NYSE, has a trailing 12-month revenue of around USD$45 billion and employs 82,500 staff.
As we gaze into 2024, Coca-Cola stands out as a compelling investment, but what exactly should investors keep an eye on? The Coca-Cola brand anchors a diverse and dynamic portfolio, a driver of sustained growth. This diversity in products enables Coca-Cola to cater to a wide range of consumer tastes and adapt to shifting market trends.
Global Water Resources Inc. (GWRS)
American States Water Company stock opened the day at $82.30 after a previous close of $82.30. American States Water Company is listed on the NYSE, has a trailing 12-month revenue of around USD$595.9 million and employs 811 staff. Essential Utilities stock opened the day at $36.25 after a previous close of $36.33. Essential Utilities is listed on the NYSE, has a trailing 12-month revenue of around USD$2.3 billion and employs 3,187 staff. The York Water Company stock opened the day at $39.26 after a previous close of $39.42. The York Water Company is listed on the NASDAQ, has a trailing 12-month revenue of around USD$68 million and employs 116 staff.
- Still, the company is delivering steady growth and offers investors a unique opportunity as a rare pure-play water consumption stock.
- AQN.TO’s hydroelectric facilities are located in the United States and Canada and represent a significant portion of its renewable energy portfolio.
- The company has not sought to grow through acquisitions, but operating income jumped in 2022 due to a water rate increase.
- On November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act.
- The company’s products have applications in the water treatment industry, specifically in wastewater purification and clean water production.
In addition to direct stock purchases, some of the larger firms offer dividend reinvestment plans. For the most part, the stocks on this list have been solid utility stocks with reliable dividends and predictable business models. For investors who want a little more edge, however, water company Xylem could be an interesting investment. Regions like Africa, parts of Asia, and even Europe are experiencing varying levels of water scarcity.
Best Water Stocks To Buy
He has work experience in both investing (public and private markets) and investment banking. It makes a wide range of products to handle the transportation and treatment of water, pumping and heating, and measurement for meters and data analytics. However, over the last year, that multiple has come down as interest rates have risen, even as earnings have continued to grow. If you’re looking to invest in water https://forex-reviews.org/ stocks, keep reading to learn about seven of the best ones you can buy today. It is important to note the value of water as a precious resource and the need for sustainable management. Investing in companies that focus on improving access to water or developing innovative water-saving technologies can contribute to addressing water scarcity challenges while generating financial returns for investors.
Valmont makes precision irrigation systems that optimize water efficiency and maximize crop yields. Its ability to get approval from regulators to raise rates and pass on surcharges to customers in order to offset costs of infrastructure upgrades bodes well for the bottom line. “The surcharges have been a source of steady revenue,” says Ruggeri, of Argus. Its price-earnings ratio of 23 is at the bottom of its long-term historical range of 23 to 40, according to Zacks. The company is best known for cleaning and sanitation processes that help its hotel, school, laundry and restaurant customers reduce water usage when washing dishes and doing laundry. But analysts say there’s an opportunity investing in water gear, such as meters, flow instrumentation and pressure-monitoring products.
The company has not sought to grow through acquisitions, but operating income jumped in 2022 due to a water rate increase. American States Water Company has been less acquisitive than other water utilities, although its profits grew steadily from $1.62 per share in 2016 to $2.11 in 2022. The company has kept costs relatively flat even as rates have ticked up. Like other utilities, American States Water Company benefits from a lack of competition. However, its growth has been modest in recent years, and revenue actually fell 1.5% in 2022 to $491.5 million, due to a delay in raising water rates. As of the end of 2022, the company’s regulated utilities had 263,265 water customers and 24,656 electric customers.
Stock Strategies
He has completed the Canadian Securities Course, manages his TFSA, RRSPs and a LIRA at Qtrade, and has compiled a real estate portfolio of his primary residence and 2 rental properties, all before his 30th birthday. Arizona isn’t the only state with a fragmented water utility system; many other states offer the same opportunity for consolidation. American Water Works has acquired over a thousand of these assets, including some 45 deals in 2022 alone. This translates into expected growth of 1.3 million customer connections for 2023, plus any additional acquisitions. It also grows as these underlying communities construct new property.
Current Water Techonlogies (WATR.V)
But for investors who want a safe income stock, York Water could be a great choice. American Water Works is the largest publicly listed water company in the United States. This large-cap stock has operated from its headquarters in New Jersey since 1886. Since going public in 2008 — for a mere $21.50 per share — the stock has soared in share price. Water stocks are companies that find, clean, treat, package, or distribute water.
Ready to invest in the bottled or tap water industry? Learn how to invest in water stocks in just a few steps.
Still, a few companies offer a more indirect way to invest in this commodity. The top 10 holdings made up 69.98% of the total portfolio as of April 30, 2023. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated https://forexbroker-listing.com/ and are subject to change at any time. They may not be representative of the fund’s current or future investments. The top 10 holdings do not include money market instruments or futures contracts, if any. Depository receipts are normally combined with the underlying security.
Investors are hungry for stocks that have an intrinsic ESG value and are also aligned with new climate standards. Water stocks will be the top beneficiaries of the renewable https://forex-review.net/ energy push worldwide. President Biden’s push to achieve net-zero carbon emissions by 2050 and his $2 trillion investment will help the utility sector as a whole.