Wall Street prefers technology
- From: Vol 4, Issue 7 (July 2003)
- Category: Market insight
- Region: Americas
- Country: United States
- Related Companies: American States Water, American Water Works, Calgon Carbon, Culligan, General Electric/Osmonics, Ionics, Millipore, Pall Corp, Philadelphia Suburban, RWE, Suez, United Water, US Filter and Veolia
Municipal O&M deals come with political risk and the US utility market is flat. Is the future in technology?
Filtration technology companies Ionics and Millipore led the way last month while utilities lagged behind, mostly underperforming the S&P 500. Ionics and Millipore both finished the month up by nearly 9% after peaking with gains of 15% during the middle of June.
Technology companies outperformed the S&P 500, which gained under 5% during June (see graph). The performance ...
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