Hot summer boosts US water utility stocks
- From: Vol 12, Issue 1 (January 2011)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American States Water, American Water, Aqua America, Artesian Water, Cadiz Inc, California Water Service, Connecticut Water, Consolidated Water, Global Water Resources Corp., Middlesex Water, Pico Holdings, San Jose Water and York Water
A combination of high volume sales and a favourable regulatory environment helped quoted investor-owned water utilities to outperform in 2010. Concerns over the future stance of the California regulator took the shine off.
Quoted investor-owned water utilities in the US had a great year in 2010, as our weighted portfolio of stocks steamed ahead by 14%, beating both the S&P 500 and the Dow Jones Industrial Average, which rose by 13% and 11% respectively over the same timeframe.
The hot, dry summer ensured that volumetric water sales were buoyant for those utilities ...
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