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Water Stocks Worth Watching - August 6th

CocaCola logo with Consumer Staples background
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Key Points

  • MarketBeat identified five water-related stocks to watch: Coca-Cola (KO), NuScale Power (SMR), IDEXX Laboratories (IDXX), Waters (WAT), and Texas Pacific Land (TPL), based on their recent dollar trading volume.
  • The group offers varied exposure to the water theme, including beverages and water products at Coca-Cola, water-reactor technology and desalination applications at NuScale, water testing at IDEXX, analytical laboratory equipment at Waters, and water services at Texas Pacific Land.
  • Water stocks may benefit from rising demand for clean water, but their performance can be affected by regulation, infrastructure spending, and regional water availability.
  • Five stocks we like better than CocaCola.

CocaCola, NuScale Power, IDEXX Laboratories, Waters, and Texas Pacific Land are the five Water stocks to watch today, according to MarketBeat's stock screener tool. Water stocks are shares of publicly traded companies involved in water supply, treatment, distribution, infrastructure, equipment, or conservation technologies. Stock market investors may view them as a way to gain exposure to growing demand for clean water, though their performance depends on factors such as regulation, infrastructure spending, and regional water availability. 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.

Read Our Latest Research Report on KO

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

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

Waters (WAT)

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.

Read Our Latest Research Report on WAT

Texas Pacific Land (TPL)

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas.

Read Our Latest Research Report on TPL

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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