Water Stocks Gain Attention as Demand Drives Growth
The water sector is gaining attention from investors due to its growing demand driven by population growth and water scarcity. MarketBeat's stock screener tool has identified seven water stocks to watch: Coca-Cola, Waters, Ecolab, NuScale Power, Xylem, Veralto, and IDEXX Laboratories.
Coca-Cola is a beverage company that manufactures and sells various nonalcoholic beverages worldwide, including sparkling soft drinks, sparkling flavors, water, sports, coffee, and tea. It also offers beverage concentrates and syrups to fountain retailers.
Ecolab provides water, hygiene, and infection prevention solutions and services in the United States and internationally, operating through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences.
NuScale Power 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.