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The first Earth Day was held on April 22, 1970, and was created in response to an oil spill during the previous year that dumped more than three million gallons of fuel into the Pacific Ocean and killed over 10,000 sea mammals and birds.
Fast-forward 51 years and Earth Day observances are now focused on the challenges created by global climate change and ongoing efforts to mitigate the seemingly endless assaults on the ecosystem.
Environmentalism and investing do not need to be considered as parallel pursuits. Indeed, a great many public companies are actively involved in environmental preservation. On this Earth Day, let’s hold up a spotlight – solar powered, of course – on five stocks that could bring multiple hues of green to a portfolio.
Data sources: American Water Works and Yahoo! Finance.
For context, last quarter, the company s revenue rose 2.3% year over year, and adjusted EPS increased 6.8%.
As I wrote after American Water released its fourth-quarter and full-year 2020 results: In 2020, the COVID-19 pandemic dampened demand for water from the company s commercial and industrial customers. . However, residential demand for water has risen during the pandemic because more people are at home. The net effect of the crisis on the company s earnings was negligible management estimated it hurt 2020 reported EPS, which was $3.91, by just $0.02.
This same dynamic will probably be at play in 2021. But it should become less pronounced as the year progresses, assuming continued progress on the vaccine rollout and controlling the pandemic.
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Gordon Pape: Three low-risk ways to take advantage of the steady growth in water management industry Published April 19, 2021 Bookmark
Water management is not a very exciting subject. Unless a toxic wastewater pond overflows or a city’s drinking water is contaminated, we don’t hear much about the business of getting potable water into our homes or taking it away.
In fact, it’s a huge business and growing at a steady rate of 6.5 per cent annually, according to a report published last year by London-based Meticulous Research. In it, the British firm estimates that the global market for water and wastewater treatment could be worth US$211.3-billion by 2025.