Cal Water Allocates $186K to Support Fire Departments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
0mins
Source: Globenewswire
- Funding Support: California Water Service has allocated over $186,000 through its seventh annual Firefighter Grant Program to nine fire departments, aimed at enhancing their rescue and emergency service capabilities, thereby improving community safety.
- Equipment Procurement: The grants will fund critical equipment purchases, including video laryngoscopes and gas detection devices, which will not only enhance firefighter safety but also improve the department's ability to protect the public from unseen hazards.
- Community Partnership: CEO Marty Kropelnicki emphasized the company's commitment to supporting fire departments as a trusted water provider, reinforcing its partnership with local communities and enhancing its corporate social responsibility profile.
- Long-term Impact: The funding, which does not affect customer rates, reflects Cal Water's responsible investment in sustainability and community well-being, aiming to bolster the company's trust and brand image among the public.
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Analyst Views on CWT
Wall Street analysts forecast CWT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWT is 53.00 USD with a low forecast of 51.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 43.620
Low
51.00
Averages
53.00
High
55.00
Current: 43.620
Low
51.00
Averages
53.00
High
55.00
About CWT
California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its subsidiaries. Its business is conducted through its operating subsidiaries and provides utility services. Its business consists of the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, and the provision of domestic and municipal fire protection services. It provides wastewater collection and treatment services, including treatment which allows water recycling. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include full water system operation, meter reading, and billing services. Non-regulated operations also include the lease of communication antenna sites, lab services and promotion of other non-regulated services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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