US water utilities underperform in 2009
- From: Vol 11, Issue 1 (January 2010)
- Category: General
- Region: Americas
- Country:
- Related Companies: (RWE) Rhein Ruhr Partners , American States Water, American Water, Aqua America, Artesian Water, Boenning & Scattergood, Cadiz Inc, California Public Utilities Commission (CPUC), California Water Service Co (Cal Water), Cascal, Connecticut Water, Consolidated Water, Janney Montgomery Scott, Middlesex Water, Pennichuck Water, Pico Holdings, San Jose Water, Southwest Water and York Water
Quoted US water utility stocks put on a somewhat lacklustre show last year, after 2008’s stellar outperformance. Analysts are predicting great things for 2010.
It is the fate of water utility stocks to be among the most resilient sectors when it comes to an economic downturn. That same resilience, however, means that they are always less likely to resurge as dramatically as equipment suppliers when the economy picks up again. While the S&P 500 index increased by 23.5% in 2009, the GWI ...
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