The world's water supply is under stress. With a growing population and climate change, the demand for water is increasing while the availability of clean water is decreasing. This has led to a rise in water-related investments, and we expect this trend to continue in the coming years. So, here are 5 water supply stocks to watch in 2023.
1. American Water Works Company, Inc. (AWK) is the largest publicly traded U.S. water and wastewater utility company. It serves approximately 15 million people in 46 states and Ontario, Canada. The company has a long history of paying dividends and is a leader in the water industry.
2. Aqua America, Inc. (WTR) is one of the largest U.S. water utilities, serving 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana, Virginia, and Florida. The company has a strong track record of dividend growth and is committed to environmental sustainability.
3. California Water Service Group (CWT) is the largest water utility in California, serving nearly 2.5 million people in more than 500 communities. The company is a leader in water conservation and has a strong commitment to environmental stewardship.
4. Ecolab Inc. (ECL) is a global leader in water, hygiene, and energy technologies and services. The company serves customers in more than 170 countries and has a strong focus on sustainability.
5. Xylem Inc. (XYL) is a global water technology company that provides innovative solutions to the world's water challenges. The company's products and services are used in a variety of applications, including water supply and wastewater treatment. Xylem is committed to helping solve the world's water challenges and is a leader in water sustainability.
These are just a few of the many water supply stocks to watch in the coming years. With the world's water supply under stress, these companies are well-positioned to benefit from the growing demand for water-related products and services.
Disclaimer: This article is not an investment recommendation. Any analysis presented in this article is illustrative in nature, is based on an incomplete set of information, and has limitations to its accuracy. Past performance is no guarantee of future results. Investing involves risk, including the potential loss of principal. There is no guarantee that any investment strategy will be successful. This article is not intended to provide investment, tax, or legal advice. Always consult your investment, tax, or legal advisor before making any investment decisions. The information in this article is not intended to be a complete analysis of every material fact regarding any company, industry, or security. This article was prepared for informational purposes only. Information contained herein has been obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness.
AquaVenture Holdings (WAAS)
AquaVenture Holdings (NYSE: WAAS) is a leading provider of water-as-a-service solutions. The company provides water treatment, wastewater treatment, and desalination solutions to residential, commercial, and industrial customers. AquaVenture has a strong presence in the United States, Canada, Australia, and the Caribbean. In 2023, the company plans to expand its operations into new markets, including Europe and Asia. AquaVenture is a growth-oriented company that is well-positioned to benefit from the global water crisis. The stock is a good long-term investment.
American Water Works (AWK)
American Water Works (AWK) is the largest publicly traded water and wastewater utility company in the United States. The company serves more than 14 million people in 47 states and Ontario, Canada. American Water Works is a leading provider of water and wastewater services to residential, commercial, industrial and governmental customers. The company has more than 6,800 employees and operates more than 85 water and wastewater treatment plants. American Water Works is a member of the S&P 500 Index and the Dow Jones U.S. Utilities Index.
American Water Works is a good stock to watch in 2023 as the company is expected to continue to benefit from the growing demand for water and wastewater services. The company is also investing in new technologies to improve its water and wastewater treatment plants. American Water Works is a good stock to buy for investors who are looking for long-term growth.
Ecolab is a global leader in water, hygiene and infection prevention solutions and services. The company's products and services are used in commercial, institutional and industrial settings, such as restaurants, hospitals and schools. Ecolab has a strong presence in emerging markets, which is expected to drive growth in the coming years. The company is also expanding its product offerings to meet the needs of a changing world. In particular, Ecolab is focused on providing solutions for the challenges of water scarcity and climate change. The company's stock is a good choice for investors looking for exposure to the water supply industry.
Danaher is a global science and technology company that designs, manufactures, and markets products and services to customers in a variety of industries. The company's water business includes a range of products and services for water and wastewater treatment, including filtration, disinfection, and desalination. Danaher's water business has been growing steadily in recent years, and the company is well-positioned to continue this growth in the coming years.
Danaher's stock has been on a tear in recent years, and the company is well-positioned to continue this growth in the coming years. The company's strong financial position, innovative products, and growing water business make it a stock to watch in 2023.
Investors interested in water stocks should keep an eye on Danaher in the coming year. The company is well-positioned to continue its strong growth in the water sector.
Aecom is a global engineering firm that provides professional services in the areas of water, transportation, environmental, and energy. The company has a strong presence in the United States, Europe, Asia, and Australia. Aecom has a market capitalization of $8.4 billion and is headquartered in Los Angeles, California. The company's stock price has been on the rise in recent years, and it is up nearly 60% since 2023. Aecom is a well-positioned water stock to watch in 2023.