What are the best water stocks to buy?

To address water sustainability, power plants are exploring alternatives such as using brackish water, greywater, or recycled water for cooling instead of freshwater. Some of the best water stocks to buy according to hedge funds include Ecolab Inc. (NYSE: ), Xylem Inc. (NYSE: ), and American Water Works Company, Inc. (NYSE: ).

Is American Water Works a boring stock?

American Water Works may provide one of the best examples of how boring stocks can quietly crush the market. Founded in 1886, the water utility went public at $21.50 a share in 2008 and was hovering around $120 a share in October 2023. American Water Works is the country's largest water utility stock.

Should you buy water stocks?

The water stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering water stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.