American States Water Company is a public utility that provides water and electricity services to customers in the United States, primarily focusing on the state of California
The company operates through two main segments: water and electric services, delivering essential resources to residential, commercial, and agricultural clients. In addition to water distribution, the company is involved in the development of infrastructure and projects aimed at enhancing water supply reliability and quality. American States Water Company is committed to sustainable practices and regulatory compliance while ensuring that their customers receive safe and dependable utility services.
Volatility has returned to Wall Street, disrupting the rebound that followed a massive selloff in early August. Additionally, September is known to be one of the worst months for stocks. Here are stocks that may be able to navigate this volatility.
Companies Reporting Before The Bell • Gatos Silver (NYSEGATO) is estimated to report quarterly earnings at $0.09 per share on revenue of $83.00 million.
Analyst Ross Fowler downgraded American States Water from Neutral to Underperform, reducing its price target from $85 to $71. The downgrade reflects the stock's high premium relative to its sector, with expectations for compression in a higher interest rate environment.
BofA Securities analyst initiates coverage on California Water with a Buy rating and $57 price target, highlighting its 17% upside potential and status as the cheapest US water utility amid strong competition and growing capital plans.
Water utilities work to ensure an uninterrupted supply of clean, potable water and reliable sewer services to millions of customers in the US. Thus, they are essential to daily life. Here are some stocks in the space that may be worth considering.
