Water technology pulls ahead
- From: Vol 4, Issue 6 (June 2003)
- Category: Market insight
- Region: Unspecified
- Related Companies: American Water Works, Artesian Resources, Calgon Carbon, Ionics, Millipore, Northumbrian Water, Pennichuck Water, Philadelphia Suburban, RWE/Thames (Water), Southwestern Water Company, Suez, Veolia Environnement (formerly Vivendi Environnement) and York Water
In their regular monthly analysis of water related shares, Clay Landry and Matthew Johnson trace the impact of the weakening dollar on the sector.
May had US-based utilities outperforming European and UK firms. The US market has been kinder to US firms as the weakening dollar has eroded profits from US subsidiaries of European firms like RWE’s
American Water Works. In a small way, this phenomenon mimics the writedowns taken by Suez, among others, in Argentina’s currency devaluation. The same currency trend ...
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