Water Stocks Sector Snapshot: MWA, PHO, WTR
A look at water stocks following Survey on Americans on Concern about Drought and Water Shortages
Category: Investment, Water, Renewable Energy
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News about Mueller Water Products, Inc.
New York, New York - August 17, 2012 (Investorideas.com newswire, www.water-stocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on water stocks trading for August 17th.
A report from the Civil Society Institute (http://www.CivilSocietyInstitute.org) just released found that “concerns about drought go hand in hand with worries about water shortages and also how to avoid making them worse. Three out of four Americans – including 61 percent of Republicans, 84 percent of Democrats and 80 percent of Independents -- think that "with all the current concern about severe drought and the risk of water shortages, America needs to start focusing more on alternative energy sources, such as wind and solar, that require less water." This view is shared consistently across nearly all drought-stricken states surveyed.”
As concerns mount several of the stocks are trading near or at 52 week highs.
Aqua America Inc. (NYSE:WTR) is trading up at $25.31, up 0.10 or 0.40% as of 11:39AM EDT on over 190,000 shares. The 52 week range for the stock is $20.16 - 26.93.
Mueller Water Products, Inc. (NYSE:MWA) is up 5.01%, trading at $4.19, gaining 0.20 as of 11:43AM EDT on 688,000 shares. The stock broke through its 52 week high today in trading.
Water ETF PowerShares Water Resources (NYSEArca PHO) is trading up at 19.22, gaining 0.02 or 0.11% as of 11:26AM EDT. The 52 week range is 14.01 - 19.59.
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Full report on water shortages survey - http://www.investorideas.com/news/2012/water/08162.asp
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