#4 - Global Water Resources (NASDAQ:GWRS)
Global Water Resources (NASDAQ:GWRS) is a waste resource management company based in Phoenix, Arizona. The company owns, operates, and manages regulated water, wastewater, and recycled water utilities. As of December 2020 the company services approximately 74,000 customers.
Utility stocks fall out of favor with investors during bull markets. But when the economy slows down, and interest rates are rising, the predictable revenue of these companies becomes attractive to investors.
Water stocks, in particular, are drawing attention as the world is beginning to come to grips with the need to update our infrastructure as well as an increasing need for effective water treatment. The latter makes a sound buying case for GWRS stock.
Global Water Resources is a small-cap stock that has only been trading publicly since 2016. However, GWRS stock is up 56% in the last five years. Analysts tracked by MarketBeat give the stock a 42% upside, and the company has increased its dividend for the last four years and currently has a dividend yield of approximately 2%.
About Global Water Resources
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
- Current Price
- $11.69
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
