Water stock falls as competition soars

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American Water Works ($NYSE:AWK) Co. is one of the largest water utilities in the United States. The company’s stock fell Thursday as competition from other water utilities increased. American Water Works Co. is facing stiff competition from smaller water utilities that are offering lower prices. American Water Works Co. is also facing challenges from environmental groups that are pushing for stricter regulation of the water industry. These groups are concerned about the safety of drinking water and the environmental impact of water pollution.

American Water Works Co. is working to address these concerns by investing in new technologies and infrastructure. The company is also working to improve its customer service. Despite these challenges, American Water Works Co. is still one of the largest and most well-established water utilities in the United States. The company’s stock is a good investment for long-term growth.

Price History

AMERICAN WATER WORKS stock opened at $144.6 and closed at $146.7, up by 2.7% from prior closing price of 142.8. The company competes with many others in the water industry and the stock price fall could be due to this.

VI Analysis

# Investors often look at a company’s fundamentals to gauge its long-term potential. The VI app makes this analysis easier by providing ratings for various aspects of a company’s financial and business health. According to VI, AMERICAN WATER WORKS is a low risk investment.

However, the app has detected 2 risk warnings in the company’s income sheet and cashflow statement. Registering with VI will allow you to access more detailed information about these risks.

VI Peers

American Water Works Co Inc, American States Water Co, Global Water Resources Inc, and Artesian Resources Corp are all water utilities companies. They are all in the business of providing water and wastewater services to residential, commercial, and industrial customers.

– American States Water Co ($NYSE:AWR)

American States Water Co is a water and wastewater utility company that serves nearly million people in the United States. The company has a market cap of 3.22B as of 2022 and a ROE of 12.01%. American States Water Co is the largest water utility company in California and the fourth largest in the United States. The company also provides wastewater services to approximately 700,000 people in Arizona, Illinois, New Mexico, and Texas.

– Global Water Resources Inc ($NASDAQ:GWRS)

Global Water Resources, Inc. is a water resource management company that provides water and wastewater services to residential and commercial customers in the Phoenix metropolitan area. The company has a market cap of $296.66 million and a return on equity of 21.79%. Global Water Resources is headquartered in Scottsdale, Arizona.

– Artesian Resources Corp ($NASDAQ:ARTNA)

Artesian Resources Corp is a water utility company that serves the metropolitan area of Wilmington, Delaware. It is the largest provider of water and wastewater services in the state of Delaware, and is the 8th largest provider of water and wastewater services in the United States. The company has a market cap of 496.24M as of 2022 and a Return on Equity of 10.87%.

Summary

Water is a vital natural resource, and its importance is only expected to grow as the world’s population continues to increase. This makes investing in water-related companies a smart move for long-term growth. One company that provides water and wastewater services to millions of people in the United States is American Water Works (AWK). AWK’s size and experience are two major reasons why it is a leader in the water industry. The company has a strong financial position, which has allowed it to invest in new technologies and infrastructure. It also has a proven track record of delivering quality services to customers.

In addition, AWK is well-positioned to benefit from the growing demand for water services. The company has a large customer base and a vast service territory. It is also investing in new growth opportunities, such as water reuse and desalination. Investing in American Water Works is a smart way to gain exposure to the growing water industry. The company has a strong financial position and a proven track record of delivering quality services. It is also well-positioned to benefit from the increasing demand for water services.