Equipment beats utilities in US market
- From: Vol 6, Issue 1 (January 2005)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Aqua America, Aquarion, AquaSource, Artesian Water, Birmingham Utilities, Calgon Carbon, California Water Service Co (Cal Water), Connecticut Water, Consolidated Water, Cuno, Florida Water Services, General Electric (GE), Heater Utilities Inc, Ionics, Janney Montgomery Scott, Kelda, Middlesex Water, Pennichuck Water, Pentair, Siemens, Stanford Washington Research Group, York Water and Zenon Environmental
The US quoted water sector also beat the index in 2004, with equipment stocks in the lead – thanks to GE.
Much like the fresh water they treat and deliver, investor-owned water utilities received increased attention and appreciation in 2004 but still appear to be undervalued; at the same time, manufacturers of water desalination equipment attracted strong investor interest in their growth potential.
Investor-owned water utilities
Taken as a group, the largest publicly traded water utilities outperformed all broad US stock ...
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