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Promising Water Stocks To Add to Your Watchlist - October 24th

NuScale Power logo with Computer and Technology background

Key Points

  • MarketBeat highlights five key companies in the water sector to watch, including NuScale Power, CocaCola, Ecolab, IDEXX Laboratories, and Xylem, focusing on long-term demand due to water scarcity trends.
  • NuScale Power specializes in developing modular nuclear power plants that utilize water for various energy applications, showcasing the innovative intersection of water and energy sectors.
  • Ecolab and IDEXX Laboratories are noted for their significant roles in providing water treatment and quality testing solutions, underscoring the importance of water management across multiple industries.
  • MarketBeat previews top five stocks to own in November.

NuScale Power, CocaCola, Ecolab, IDEXX Laboratories, and Xylem are the five Water stocks to watch today, according to MarketBeat's stock screener tool. "Water stocks" are shares of companies involved in the supply, treatment, distribution, infrastructure, technology and management of water — including utilities, pipes and pumps manufacturers, water-treatment and desalination firms, and water-rights or bottled-water companies. Investors buy them as exposure to the long-term demand and scarcity trends around clean water, often viewing the sector as defensive and tied to infrastructure spending and regulatory frameworks. These companies had the highest dollar trading volume of any Water stocks within the last several days.

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.

Read Our Latest Research Report on SMR

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.

Read Our Latest Research Report on KO

Ecolab (ECL)

Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

Read Our Latest Research Report on ECL

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.

Read Our Latest Research Report on IDXX

Xylem (XYL)

Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.

Read Our Latest Research Report on XYL

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