Aqua and American eye earnings growth
- From: Vol 10, Issue 3 (March 2009)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American Water, Aqua America, Janney Montgomery Scott and RWE
Both Aqua America and American Water seem set to post double-digit earnings growth in 2009. The drop-off in regulated acquisition activity could be a blessing in disguise.
The two largest quoted US water utilities are poised for strong earnings growth in 2009, despite suffering from the effects of the economic slowdown last year. American Water and Aqua America both posted robust sets of full-year results at the end of February, although shares in both companies have sold off since in a generally negative market.
American Water’s ...
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