Best Water Stocks Worth Watching – November 16th

CocaCola, NuScale Power, and IDEXX Laboratories are the three Water stocks to watch today, according to MarketBeat’s stock screener tool. Water stocks are shares of companies whose core businesses involve supplying, treating, transporting, or managing water — for example municipal utilities, water-treatment and infrastructure firms, equipment and chemical suppliers, and technology providers focused on water management. Investors view them as a way to gain exposure to the essential, often recession-resistant demand for clean water and to long-term trends like population growth and water scarcity, while also facing regulatory, capital-intensity, and geographic-concentration risks. These companies had the highest dollar trading volume of any Water stocks within the last several days.

CocaCola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

NuScale Power (SMR)

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

IDEXX Laboratories (IDXX)

IDEXX Laboratories, Inc. develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets in Africa, the Asia Pacific, Canada, Europe, Latin America, and internationally. The company operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy.