CASELLA WASTE SYSTEMS Stocks Flashing Technical Strength

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CASELLA WASTE SYSTEMS ($NASDAQ:CWST) Stocks Flashing Technical Strength CASELLA WASTE SYSTEMS, Inc. is engaged in the business of collecting, transporting, transferring, and disposing of solid waste in the United States. The company’s stock is flashing renewed technical strength. The company’s strong fundamentals are also supportive of the bullish case for the stock. Casella Waste Systems has posted positive earnings surprises in each of the last four quarters.

Revenue and earnings growth are both expected to accelerate in the current fiscal year. And with the company’s strong growth prospects, the stock could continue to outperform the market in the months ahead.

Stock Price

The stock opened at $82.20 and closed at $79.70, down 3.3% from its previous close of $82.40. Despite the sell-off, the stock remains in a strong uptrend. The news sentiment surrounding the company is mostly positive. The company has been in the news recently for its strong financial performance. CASELLA WASTE SYSTEMS has also been in the news for its expansion plans. The company recently announced that it is expanding its operations in Virginia. The expansion will include the construction of a new waste-to-energy facility.

This is good news for the company, as it will help it to better serve its customers in the Virginia area. Overall, the news sentiment surrounding CASELLA WASTE SYSTEMS is positive. The company is reporting strong financial results and is expanding its operations. These positive developments should help to support the stock’s uptrend.

VI Analysis

CASELLA WASTE SYSTEMS is a company with strong fundamentals that reflect its long-term potential.

However, the company does have some risk factors that should be considered before investing. Based on the VI Risk Rating, CASELLA WASTE SYSTEMS is a medium risk investment in terms of financial and business aspects. The VI App has detected 1 risk warnings in the income sheet. Register on vi.app to check it out.

VI Peers

The competition among Casella Waste Systems Inc and its competitors is fierce. Each company is vying for a share of the waste management market, and each has its own strengths and weaknesses.

However, it faces competition from smaller, more nimble companies such as Renewi PLC and Waste Connections Inc. Macau Capital Investments Inc is a new entrant to the market, and it is unclear how it will impact the competition.

– Renewi PLC ($LSE:RWI)

Renewi PLC is a British-Dutch multinational waste management company headquartered in London, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was formed in 2016 from the merger of Shanks Group plc and Van Gansewinkel Groep B.V.

Renewi PLC has a market cap of 430.77M as of 2022 and a Return on Equity of 26.36%. The company is involved in the business of waste management and provides services such as waste collection, treatment, and disposal.

– Waste Connections Inc ($NYSE:WCN)

Waste Connections, Inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the United States. The Company’s segments include: Western Canada, which consists of the Company’s operations in the provinces of British Columbia, Alberta, and Saskatchewan; Eastern Canada, which consists of the Company’s operations in the provinces of Ontario and Quebec; Central Canada, which consists of the Company’s operations in Manitoba; and the United States.

Summary

CASELLA WASTE SYSTEMS is a leading provider of waste management services in the United States. The company’s stock has been flashing technical strength in recent months, and right now news sentiment is mostly positive.

However, the stock price moved down the same day. Investors may want to consider buying CASELLA WASTE SYSTEMS stock on weakness. The company’s fundamentals remain strong, and it is well-positioned to capitalize on growth opportunities in the waste management industry.