225 articles about "American Water"
The uncertainty which followed June’s Brexit vote supported regulated water stocks in the UK and the US. There are signs that American Water’s rally could be running out of steam.
Another record performance from the GWI Americas Index failed to spill over into the rest of the tradeable universe of water stocks. Stock splits were the order of the day in China.
On 9th June, the California Public Utilities Commission authorised $25.1 million of additional rate revenue for San Jose Water in 2016 as part of its final decision on the company’s general rate case.
The GWI Americas Index beat the market in style this month, rising above 200 for the first time. Meanwhile, Brexit fears could dampen UK prospects going into earnings season.
Global Water Resources, Inc., which owns regulated water utilities in Arizona, raised $8.4 million via a Nasdaq listing at the end of April.
While wet weather helped to restore investors’ faith in Sabesp’s survivability, the return of Ranhill to the stock market was clouded by the Malaysian government corruption scandal.
Everyone is trying to do more with less in the North American outsourced water services market. How will the sector shake out in a post-Flint world?
- Veolia reported strong profit growth (+25.5%) on weak sales growth (+1.4%) for the year ending 31 December 2015 (see table above). The water part of the business performed less well overall, with revenues down 1.7%, largely because of...
- Suez was less upbeat, posting a small decline in net profit after minority interests. Nevertheless, its European water business put in a robust performance, driven by growth in its non-concession services business and...
- Of the Americans, both the major investor-owned utilities (American Water and Aqua America) put in solid performances, with American enjoying an extra fillip as a result of joining the S&P500...
- Hyflux posted a 39% increase in revenue, boosted by its work on the Qurayyat desalination project in Oman and its containerised plant for Yanbu in Saudi Arabia. Going forward, the company said that it is continuing to explore...
A mixed full-year results season was somewhat overshadowed by the US presidential race this month. Hyflux, meanwhile, was up to its old tricks.
The GWI Asian Water Index fell to its lowest point since August 2014 as Chinese economic woes continued to bite. US investor-owned utilities, meanwhile, had a stellar month.