Covanta Holding (CVA), the waste to energy giant, reported less than stellar results after the bell today missing analyst estimates across the board. The company reported an EPS of .18/share which missed analyst views of .23/share, but was a 20% improvement over the year ago quarter. Revenues missed as well at $407 million ($20 million shy of analyst estimates) and were off 2% from the year ago quarter. All in all, not an awful quarter … Read the rest
Tag Archives: waste to energy
WSJ: Waste To Energy – Covanta (CVA)
There’s an article over at the WSJ discussing waste to energy solutions, mentioning a study that shows incinerating a ton of trash emits at least 35% less greenhouse gas and yields 10x as much electricity as burying it and capturing the methane. Covanta (CVA), which is the world’s largest owner of waste to energy plants is highlighted in the article and the company stands to see a big pop in the stock if the … Read the rest
Turning Garbage to Gold – Covanta (CVA)
Barron’s reports that Covanta Holding (CVA) is at the forefront of the waste to energy industry. "With skyrocketing fuel prices, increasing worldwide concern over climate change and overflowing landfills, Covanta is positioned to see strong growth in both domestic and international markets.
This could be a great time to buy the Fairfield, N.J.-based company, which "owns landfills and energy generation plants, the majority of which are waste-to-energy facilities. Covanta incinerates garbage to produce electricity for … Read the rest