NasdaqGM:GWRSWater Utilities
Global Water Resources (GWRS) Stock Rallies Into A Margin Squeeze
Global Water Resources entered the day with a rich valuation and a reputation as a small, regulated utility that trades more like a growth stock. The market did not hesitate. The share price jumped 16.8% to close at US$8.89 as investors reacted to Q2 earnings that showed revenue of US$17.8m and net income of US$2.7m.
The headline this quarter is not a story about the top line alone. It is the squeeze between earnings expectations and a high P/E, set against modest regulated growth and thinner...