99 articles about "Aqua America"
The GWI Global Water Index had a bad month as a number of big utility stocks saw their prices marked down. Severn Trent and Acea provided the exceptions but subsequent events cast a shadow over both.
Layne Christensen shares plunged by 11% on 15 April after the company announced its fourth-quarter results, despite the numbers being in line with management’s earlier guidance (a net loss of $22.1 million on revenues of $229.7 million).
A record-breaking month for a number of global stock indices belied execution problems in end markets for some former hot stock picks.
Quoted US water utilities continued to benefit from a favourable regulatory environment in 2012. What is the potential for outperformance in 2013?
Colorado-based Joshua Water Technology has raised $2 million of fresh equity from investors including the Impact Opportunities Fund to fund its near-term expansion plans.
IDE Technologies has replaced Kent Turner, the former head of its US arm, with Mark Lambert, who until recently served as vice president of corporate development at forward osmosis specialist HTI.
A mixed bag of second-quarter results had analysts scrambling to update their forecasting models for a number of mid-cap water stocks. Impressive gains at Sabesp and American Water drove the GWI Americas Index to a new high.
* Xylem has further bolstered its analytics business by acquiring Danish company MJK Automation A/S for DKK75 million ($12.3 million), equivalent to around 1.15 times sales. MJK manufactures flow sensors, as well as measurement and control technology for water and wastewater applications.
Declines at Veolia and Suez Environnement crimped the performance of the wider GWI Water Index this month. Meanwhile, a trio of issuers unveiled plans for dilutive secondary offerings.
Contagion-resistant water utility stocks were the best place to be this month, as the GWI Water Index outperformed major stock indices on every continent. Declines elsewhere were a catalyst for increased share buyback activity.