California American Water Invests $4.7M in New Well
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
California American Water is investing $4.7M in a new groundwater well to help enhance water resiliency and reliability for Suburban-Rosemont customers. This project reflects California American Water's ongoing commitment to infrastructure improvements that support long-term system demand and help provide safe, clean, and reliable water service. This Contempo Well Installation Project will add a new groundwater production well designed to meet water demand in the Suburban-Rosemont system as older wells are retired from service. The project will include a new well and pump, along with other essential upgrades and equipment installation to support efficient system performance. Construction is expected to be completed in 2027. Once completed, this project will enhance water supply reliability for families and businesses in the Suburban-Rosemont area.
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Analyst Views on AWK
Wall Street analysts forecast AWK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AWK is 137.83 USD with a low forecast of 122.00 USD and a high forecast of 155.00 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.
6 Analyst Rating
0 Buy
5 Hold
1 Sell
Hold
Current: 127.050
Low
122.00
Averages
137.83
High
155.00
Current: 127.050
Low
122.00
Averages
137.83
High
155.00
About AWK
American Water Works Company, Inc. is a water and wastewater utility company. The Company's primary business involves the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sale for resale customers. It also operates other businesses that provide water and wastewater services to the United States government on military installations, as well as municipalities. The Company operates its business through the Regulated Businesses segment. The Regulated Businesses segment includes subsidiaries that provide water and wastewater services to customers in approximately 14 states. The Company's utilities operate in states such as Pennsylvania, Georgia, Hawaii, Indiana, Iowa, Kentucky, Maryland, Tennessee, Virginia and West Virginia. The Company also serves commercial customers, fire service customers, industrial customers, public authorities, other utilities and community water and wastewater systems.
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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