3 Water Supply Stocks To Fare Well Amid Coronavirus Outbreak
Zacks Investment Research | Mar 24, 2020 08:52AM ET
The coronavirus outbreak is clearly taking a toll on the broader markets but water supply companies have a pretty decent outlook, given the nature of services they offer. Potable water and wastewater services play a crucial role in daily life and therefore are in high demand, especially under the current circumstances.
Let’s take a closer look at the water supply industry and make a note why it may surge ahead.
Coronavirus Raises Water Usage Frequency
First, cleanliness and personal hygiene have become paramount to avade the flu-like illness; hence the usage of water for such purposes has increased lately. After all, washing hands at regular intervals is the primary way to not be infected and thus stop the virus from spreading.
Second, since most Americans drink water from their taps, the issue of cleanliness and the potential discovery of the novel coronavirus in the country’s water supply systems have now come under the lens. Per a United States Environmental Protection Agency Zacks Investment Research
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