Today's MarketStats for water related companies include Freshwater Technologies Inc. (OTCBB:FWTC), PowerShares Global Water Portfolio (NYSE:PIO), American Water (NYSE:AWK), Aqua America (NYSE:WTR), Veolia Environnement (NYSE:VE), and BioShaft Water Technology Inc. (OTCBB:BSHF).
Freshwater Technologies Inc. (OTCBB:FWTC)
PowerShares Global Water Portfolio (AMEX:PIO),
Fund Summary: The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the equity index called the Palisades Global Water index. The fund normally invests at least 90% of total assets in stocks that comprise the Palisades Global Water index and ADRs based on the stocks in the Palisades Global Water index. It normally invests at least 80% of its total assets in securities of companies that generate at least 50% of their revenue from water or water-related activities. The fund is nondiversified.
X-Factor: Year to Date Return (Mkt) -33.18% as of Nov. 19, 2008 (source Yahoo Finance!)
American Water (NYSE:AWK)
Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada. More information can be found by visiting www.amwater.com.
X-Factor: American Water (NYSE:AWK), the largest investor-owned U.S. water and wastewater utility company, announced today that Don Correll, president and CEO, was appointed president of the Board of the National Association of Water Companies (NAWC), a national trade association representing all aspects of the private water service industry. Correll will serve a one-year term, which began on October 21.
Aqua America (NYSE:WTR),
Aqua America, Inc. operates as the holding company for regulated utilities that provide water or wastewater services in the United States. It serves residential, commercial, fire protection, industrial, and other water and wastewater customers in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, New York, Florida, Indiana, Virginia, Maine, Missouri, and South Carolina. The company also provides water and wastewater services through operating and maintenance contracts with municipal authorities and other parties, and septage hauling services, close to its utility companies� service territories. As of December 31, 2007, it served approximately 3 million customers.
X-Factor: WTR was named a "Stock That Cannot Be Stopped" by Motley Fool on November 19, 2008.
Veolia Environnement (NYSE:VE),
Veolia Environnement, together with its subsidiaries, provides environmental management services to public authorities, individuals, and industrial and commercial customers worldwide. It operates in four segments: Water, Environmental Services, Energy Services, and Transportation. The Water segment provides water and wastewater services, including management and operation of drinking water plants, wastewater decontamination and recycling plants, drinking water distribution networks, and wastewater collection networks, as well as offers billing services and call centers. The Environmental Services segment provides environmental and logistical services, which include waste collection; waste treatment; cleaning of public spaces, offices, and factories; maintenance of production equipment; soil decontamination; and management of waste discharge at industrial sites.
X-Factor: VE was named a "5-Star Stock on the Upswing" by Motley Fool on November 17, 2008.
BioShaft Water Technology Inc. (OTCBB:BSHF).
BioShaft is a green innovative wastewater treatment technology based on Bio-Filtration utilizing biomass carriers. These plants are made using the BioShaft Turbo Reactor that is at the heart of the wastewater technology. The plants have many benefits over traditional wastewater treatment, including the virtual elimination of sludge and odors and requires significantly less land. It is patented in the UK and the patent is pending in the United States. To date there are more than 30 waste water treatment plants throughout the world using this technology. www.bioshaft.com
X-Factor: BioShaft recently announced that it has received a Notice of Allowance from the United States Patent and Trademark Office regarding its patent application for the BioShaft Wastewater Treatment plant and process.
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