Mixed picture for US water utilities in 2006
- From: Vol 8, Issue 1 (January 2007)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American States Water, American Water, Aqua America, Artesian Resources, Birmingham Utilities, California Water Service Co (Cal Water), Connecticut Water Services, Consolidated Water, Middlesex Water, Pennichuck Water, San Jose Water, Southwest Water Company and York Water
The west was the best last year for America’s investor-owned utilities. But the biggest stock, Aqua America, had an off year. The return of American Water will shake things up in 2007.
The shares of publicly-traded US water utilities had a mixed year in 2006, as many investors took their profits from some significant surges in valuations the previous year, bringing about an inevitable correction in many cases.
The West Coast utilities again fared better than their East Coast counterparts, and San José Water was easily the year’s outstanding performer with ...
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