Latest News for Veolia Environnement Stock (OTC:VEOEF)

Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of the historical rival Suez in 2022 drove a turnover increase of nearly 40%.

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Stocks That Hit 52-Week Highs On Wednesday

VEOLIA ENVIRONNEMENT ORD by Veolia Environnement

Veolia Environnement SA

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While mining for gold or cryptocurrencies offer a sexier path to profits, at a basic level, nothing beats the permanent narrative underlying <a href="https://investorplace.com/industries/energy/renewable-energy/water/">water stocks</a>. As great as cryptos are, who the heck knows if decentralized digital assets will be the new monetary standard? And while gold is universally considered as a store of wealth, wealth itself is a human construct.</p>



<p>But water? I don&rsquo;t care how many progressive sociological studies you take &ndash; it&rsquo;s a fundamental reality. We need it. The planet can&rsquo;t survive without it. To be sure, the top water stocks may not be guaranteed to stick around as a going concern. However, the underlying resource is permanently relevant. What&rsquo;s more, outside headwinds such as climate change may simultaneously <a href="https://www.epa.gov/climateimpacts/climate-change-impacts-freshwater-resources#:~:text=Reduced%20Water%20Supplies&amp;text=In%20many%20areas%20of%20the,%2C%20agriculture%2C%20and%20other%20uses.">increase demand for water while also shrinking water supplies</a>.</p>



<p>Yeah, it&rsquo;s a cynical take. But that&rsquo;s the harsh reality, as I stated earlier. You can argue or you can align your portfolio profitability. If you choose the latter, below are compelling ideas for the best water stocks to buy.</p>



<h2>Xylem (XYL)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/xyl-stock-1-300x169.jpg" alt="xylem app"><div>Source: IgorGolovniov / Shutterstock.com</div></div>


<p>A large water technology provider, <strong>Xylem</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/xyl-stock-quote/"><strong>XYL</strong></a>) provides a critical role for public utilities. As well, its services cover residential, commercial, agricultural, and industrial needs. <a href="https://www.google.com/finance/quote/XYL:NYSE?hl=en">Per its public profile</a>, Xylem&rsquo;s offerings are divided into two areas: water infrastructure (i.e. clean water delivery and wastewater management) and applied water, which provide water services to various end users.</p>



<p>Fundamentally, XYL ranks among the top water stocks because of its utilitarian technologies. It provides pumping, treatment and other waste management solutions across various applications. In terms of hard data, Fortune Business Insights notes that the global water and wastewater treatment market size <a href="https://www.fortunebusinessinsights.com/water-and-wastewater-treatment-market-102632#:~:text=The%20global%20water%20and%20wastewater,7.5%25%20during%20the%20forecast%20period.">reached a valuation of $301.77 billion in 2022</a>. By 2030, the sector could hit $536.41 billion, implying a compound annual growth rate (CAGR) of 7.5%.</p>



<p>Financially, XYL is a bit pricey. Right now, shares trade at 46.85X trailing-year earnings, above the sector median 22.92X. However, it&rsquo;s consistently profitable. Also, shares have been flying recently. Analysts really dig XYL as a <a href="https://www.tipranks.com/stocks/xyl/forecast">consensus strong buy</a> with a $122.56 average price target. It&rsquo;s a solid idea with which to kick off this list of best water stocks.</p>



<h2>Veolia Environnement (VEOEF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_3_1600-300x169.jpg" alt="A zoomed in photo of a drop of water hitting a container of water's surface."><div>Source: Sambulov Yevgeniy/ShutterStock.com</div></div>


<p>Adding a little bit of risk to the narrative of top water stocks, adventurous investors may want to consider <strong>Veolia Environnement</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/veoef-stock-quote/"><strong>VEOEF</strong></a>). Based in France, the water management and energy services firm might not be a household name stateside. Also, VEOEF &ndash; as you can see from its funky ticker &ndash; trades over the counter. Still, it posts a roughly 20% return for 2023.</p>



<p>Now, I&rsquo;m not here to focus on statistics that can easily gyrate day to day. Rather, Veolia intrigues because it specializes in desalination systems. Essentially, the process involves taking salt water and converting it to potable (drinkable) water. It&rsquo;s almost like modern day alchemy except that as technologies improve, it may provide a pivotal solution to water shortages.</p>



<p>Plus, the <a href="https://www.grandviewresearch.com/industry-analysis/water-desalination-equipment-market">global water desalination equipment</a> market size clocked in at $15.53 billion in 2022. According to Grand View Research, this sector could expand at a CAGR of 9.4% from 2023 to 2030. At the culmination point, the industry could be worth $31.7 billion.</p>



<p>I like VEOEF as one of the best water stocks because it&rsquo;s well positioned for growth in this exciting sphere. Analysts agree, pegging shares a <a href="https://www.tipranks.com/stocks/veoef/forecast">moderate buy</a> with a $35.52 price target.</p>



<h2>Essential Utilities (WTRG)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_5_1600-300x169.jpg" alt="A photo of water being poured into a glass that's sitting on a table."><div>Source: HQuality/ShutterStock.com</div></div>


<p>Based in Pennsylvania, <strong>Essential Utilities</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/wtrg-stock-quote/"><strong>WTRG</strong></a>) is a utility firm with stakes across multiple states, particularly in the Midwest. <a href="https://www.google.com/finance/quote/WTRG:NYSE?hl=en">Per its public profile</a>, Essential provides drinking water and wastewater treatment infrastructure and services. In the spirit of full disclosure, WTRG ranks among the riskiest water stocks. As of this writing, WTRG is on track to lose about 22% of equity value in 2023.</p>



<p>That said, it&rsquo;s been on a run, moving up over 6% in the trailing month. It&rsquo;s not surprising that the bulls decided to wake up. While WTRG and its ilk are rather boring, they can bank on the narrative of permanent relevance. Looking at the data, <a href="https://www.fortunebusinessinsights.com/u-s-water-and-wastewater-treatment-market-107674">Fortune Business Insights</a> notes that the U.S. water and wastewater treatment market size reached a valuation of $106.18 billion in 2022.</p>



<p>Even better, analysts project that the segment can expand at a CAGR of 6.8% from 2023 to 2030. At the culmination point, the industry could see a value of $106.18 billion. With Essential grabbing a piece of the pie, WTRG could swing higher. Sure enough, that&rsquo;s what analysts believe, rating shares a <a href="https://www.tipranks.com/stocks/wtrg/forecast">unanimous strong buy</a> with a $45 price target.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
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<p>For investors that want to maximize their probabilities of long-term success, water industry stocks could be a no-brainer. Fundamentally, the bullish narrative centers on permanent relevance. Water represents our most precious commodity because it&rsquo;s essential and irreplaceable. As well, there is no alternative to drinking water.</p>



<p>Exacerbating the circumstance surrounding this liquid asset &ndash; and thus cynically accelerating the case for water industry stocks &ndash; is the limited supply and increasing scarcity equation. As myriad thinktanks have pointed out, the <a href="https://www.unwater.org/water-facts/water-scarcity#:~:text=As%20the%20global%20population%20increases,are%20making%20water%20more%20unpredictable.">global population continues to rise</a>. And that necessarily means more consumption of critical resources.</p>



<p>Finally, because of the indelibly relevant nature of the underlying resource, water industry stocks generally benefit from stable and predictable revenue streams. It&rsquo;s not as if people and institutions can just shut off water-related services and get away with it.</p>



<p>On that note, below are compelling water industry stocks to buy.</p>



<h2>IDEX (IEX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_3_1600-300x169.jpg" alt="A zoomed in photo of a drop of water hitting a container of water's surface."><div>Source: Sambulov Yevgeniy/ShutterStock.com</div></div>


<p>A specialist in the development, design, and manufacture of fluidics systems and other critical equipment categories, <strong>IDEX</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/iex-stock-quote/"><strong>IEX</strong></a>) plays a background role in the water ecosystem. That&rsquo;s not to say it&rsquo;s not important &ndash; far from it. <a href="https://www.idexcorp.com">According to its website</a>, IDEX produces pumps, valves, flow meters, and injectors to keep the water and wastewater industry moving. It also serves myriad other sectors, thus imbuing the enterprise with a diverse portfolio.</p>



<p>However, the market doesn&rsquo;t quite appreciate the narrative of IDEX. I&rsquo;d say that it&rsquo;s their loss. While the business isn&rsquo;t exactly traded at a discount, it commands <a href="https://www.gurufocus.com/stock/IEX/summary?search=iex">strong profitability metrics</a>. Unsurprisingly, its margins across the board (gross, operating, net) stand among the leaders in the category. Also, it sports a return on equity (ROE) of 19.62%, beating out 87.46% of its peers. So, for the money, you&rsquo;re getting a stacked enterprise.</p>



<p>While it&rsquo;s not much, Idex carries a <a href="https://www.dividend.com/stocks/industrials/machinery/flow-control-equipment/iex-idex-corp/">forward dividend yield of 1.21%</a>. Analysts also rate shares a <a href="https://www.tipranks.com/stocks/iex/forecast">moderate buy</a> with a $222.33 average price target. The high-side target lands at $242, implying over 14% upside potential.</p>



<h2>Veolia (VEOEF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/water1600-300x169.jpg" alt="a picture of water"><div>Source: Shutterstock</div></div>


<p>You might get a warning when attempting to acquire <strong>Veolia</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/veoef-stock-quote/"><strong>VEOEF</strong></a>) because it&rsquo;s traded over the counter. However, this is not some junk security that could collapse at any moment. Rather, this French transnational company represents a global leader in water, waste and energy management solutions. It offers a wide range of services, including water/wastewater treatment, industrial water management and waste recycling.</p>



<p>Obviously, all these business units command significant relevance. However, what I&rsquo;m really interested in is the company&rsquo;s desalination specialty. Basically, this process involves removing salt from seawater and converting it into potable (drinking) water. Presently, the desalination process is energy intensive due to the <a href="https://energy5.com/the-economics-of-desalination-balancing-costs-and-benefits-in-desert-water-solutions#:~:text=The%20High%20Costs%20of%20Desalination&amp;text=The%20costs%20include%20planning%2C%20design,reverse%20osmosis%20or%20distillation%20technologies.">reverse osmosis or distillation</a> technologies involved. However, advancements in other fields &ndash; perhaps <a href="https://www.sciencedirect.com/science/article/abs/pii/S002954932300362X#:~:text=The%20early%20reactors%20used%20for,of%20the%20cost%20and%20versatility.">small modular reactors</a> &ndash; could make desalination viable.</p>



<p>Interestingly, over the past one-year period, VEOEF gained nearly 8% of equity value. That stands in sharp contrast to Idex. Also, despite trading over the counter, Veolia enjoys a <a href="https://www.tipranks.com/stocks/veoef/forecast">unanimous strong buy</a> rating with an average price target of $38.18. Thus, it&rsquo;s one of the top water industry stocks to consider.</p>



<h2>Essential Utilities (WTRG)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_5_1600-300x169.jpg" alt="A photo of water being poured into a glass that's sitting on a table."><div>Source: HQuality/ShutterStock.com</div></div>


<p>A utility company, <strong>Essential Utilities</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/wtrg-stock-quote/"><strong>WTRG</strong></a>) provides drinking water and wastewater treatment infrastructure and services. <a href="https://www.google.com/finance/quote/WTRG:NYSE?hl=en">Per its public profile</a>, the company features stakes in Illinois, Indiana, New Jersey, North Carolina, Ohio, Pennsylvania, Texas, and Virginia. One of the reasons why utilities generally attract attention is the natural monopoly. Basically, the barriers to entry are too high for would-be competitors.</p>



<p>Still, that&rsquo;s of little comfort to WTRG stakeholders. In the past 52 weeks, shares gave up more than 25% of equity value, an un-utility-like performance. However, it&rsquo;s also possible that WTRG may have hit a bottom. A look at the security&rsquo;s point-and-figure (P&amp;F) chart reveals that it printed a <a href="https://school.stockcharts.com/doku.php?id=chart_analysis:pnf_charts:pnf_alerts">low pole reversal formation</a>. This could signal a resurgence of bullish interest.</p>



<p>Sure enough, while it has some spotty financial stats, Essential prints strong revenue and <a href="https://www.gurufocus.com/stock/WTRG/summary?search=wtrg">consistent profitability</a>. And to reward shareholders, the company offers a <a href="https://www.dividend.com/stocks/utilities/utilities-diversified/other/wtrg-essential-utilities-inc/">forward yield of 3.43%</a>. Finally, analysts rate shares a <a href="https://www.tipranks.com/stocks/wtrg/forecast">unanimous strong buy</a> as well with a $45 average price target. That implies over 25% growth potential, making it one of the water industry stocks to consider.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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3 Water Stocks With the Potential to Make Investors Wealthy

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While crude oil and even gold rank as one of the most important commodities, nothing can beat the fluid that we drink, segueing into <a href="https://investorplace.com/industries/energy/renewable-energy/water/">water stocks</a> to buy. With hydrocarbons and precious metals, industries are always looking for better and/or cheaper alternatives. However, no alternative for water exists, putting the precious commodity in unique standing.</p>



<p>Understanding that the capital markets move on supply demand fluctuations or imbalances, water stocks to buy offer an excellent proposition for your portfolio. First, the <a href="https://www.worldvision.org/clean-water-news-stories/global-water-crisis-facts#:~:text=Yet%2C%20a%20global%20water%20crisis,million%20in%202022%2C%20challenges%20remain.">world&rsquo;s water supply is getting worse</a>. Combined with global population growth, it&rsquo;s entirely possible that armed conflicts will erupt over the resource. Again, there&rsquo;s just no other alternative available.</p>



<p>Second, water-focused enterprises are somewhat oddball investments. As a result, they can potentially offer portfolio diversification. While others chase their technology names, you can quietly build a fortune with these compelling water stocks to buy now.</p>



<h2>Essential Utilities (WTRG)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_4_1600-300x169.jpg" alt="A photo of small bubbles in a container of water."><div>Source: khak/ShutterStock.com</div></div>


<p>An American utility company, <strong>Essential Utilities</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/wtrg-stock-quote/"><strong>WTRG</strong></a>) provides drinking water and wastewater treatment infrastructure and services. It happens to be one of the largest publicly traded utilities of its kind in the U.S., thus making WTRG one of the top water stocks to buy. By the numbers, <a href="https://www.essential.co/news-releases/news-release-details/essential-utilities-reports-financial-results-q3-2023#:~:text=Operating%20as%20the%20Aqua%20and,at%20www.essential.co.">Essential serves approximately five million people across nine states.</a></p>



<p>Despite the natural relevance, WTRG is off to a rough start in the new year. Since the beginning of January, the equity slipped almost 8%. Over the past 52 weeks, below off parity by nearly 24%. Despite the red ink, Essential still trades at a relatively high earnings multiple of 20X. Nevertheless, this figure is <a href="https://www.gurufocus.com/term/pettm/WTRG/PE-Ratio/WTRG">down sharply</a> from the 42X posted in December 2020.</p>



<p>Also, as a positive counterpoint, Essential posts a robust <a href="https://www.gurufocus.com/stock/WTRG/summary?search=wtrg">three-year revenue growth rate of 28.3%</a>, above 91% of its peers. As a show of support, analysts since September last year have co<a href="https://www.tipranks.com/stocks/wtrg/forecast">nsistently rated WTRG a buy</a>. The most recent price target comes in at $42, implying just over 20% upside potential.</p>



<h2>Mueller Water Products (MWA)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/water1600-300x169.jpg" alt="a picture of water"><div>Source: Shutterstock</div></div>


<p>One of the water stocks to buy that doesn&rsquo;t quite get as much attention as similar ideas, <strong>Mueller Water Products</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/mwa-stock-quote/"><strong>MWA</strong></a>) ranks among the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. <a href="https://www.google.com/finance/quote/MWA:NYSE?hl=en">Per its public profile</a>, the company breaks down into two business units, Mueller Co. and Mueller Technologies. Together, they oversee more than a dozen brands and affiliates.</p>



<p>Fundamentally, because Mueller aligns with the broader water infrastructure market, MWA effectively enjoys permanent relevance. That&rsquo;s mainly because of the growing population. Through natural births and immigration, the U.S. could continue to see growth until a <a href="https://www.census.gov/newsroom/press-releases/2023/population-projections.html">negative trend</a> materializes in the second half of the century.</p>



<p>Until then, the nation will slowly but steadily expand, translating to increased resource consumption and material usage. Therefore, MWA trades at a lofty 31.42X earnings multiple for a reason. However, you&rsquo;re also getting solid revenue growth and <a href="https://www.gurufocus.com/stock/MWA/summary?search=mwa">consistent profitability</a>.</p>



<p>Analysts seemingly agree with the thesis, pegging shares a <a href="https://www.tipranks.com/stocks/mwa/forecast">moderate buy</a> with an $18.25 target. That should be good for a 20% lift, making MWA one of the water stocks to buy.</p>



<h2>Veolia (VEOEF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_3_1600-300x169.jpg" alt="A zoomed in photo of a drop of water hitting a container of water's surface."><div>Source: Sambulov Yevgeniy/ShutterStock.com</div></div>


<p>As a rule of thumb, investors should be careful about buying securities over the counter or the pink sheets as it&rsquo;s called colloquially. However, <strong>Veolia</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/veoef-stock-quote/"><strong>VEOEF</strong></a>) deserves special consideration when it comes to water stocks to buy. <a href="https://www.google.com/finance/quote/VEOEF:OTCMKTS?hl=en">A French transnational company</a>, Veolia operates in three main service and utility areas: water management, waste management, and energy services. It features a market capitalization of just under $23 billion so it&rsquo;s no run-of-the-mill OTC stock.</p>



<p>Thanks to its critical businesses, you could make the argument that Veolia enjoys a permanently steep and wide moat. With utilities, not just any enterprise carries the resources necessary to overcome the financial and regulatory hurdles to be competitive. However, my interest in Veolia focuses on its <a href="https://www.veoliawatertechnologies.com/en/applications/desalination">desalination directive</a>. As one of the key players in converting salt water into potable (drinking) water, Veolia could play a major role in water security.</p>



<p>If you haven&rsquo;t heard of Veolia, no one can blame you. However, you should consider doing your research now. At the moment, analysts rate shares a <a href="https://www.tipranks.com/stocks/veoef/forecast">unanimous strong buy</a> with a $38.83 average price target.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/02/get-rich-quick-with-these-3-water-stocks-to-buy-now/">Get Rich Quick With These 3 Water Stocks to Buy Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Get Rich Quick With These 3 Water Stocks to Buy Now

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While the conventional methodology exists for a reason, sometimes, you need maverick stocks to shake things up. These ideas may be odd but they may offer the right balance of novelty and competitive fuel to jump ahead.</p>



<p>It&rsquo;s just like running plays in (American) football. In many, if not most situations, you want to run derivations of the classic I-formation. It gives you the flexibility to run the ball or throw the occasional pass. But now and then, you want to use some misdirection, a bootleg, some razzle dazzle &ndash; anything to keep the opposing defense honest.</p>



<p>That&rsquo;s what maverick stocks do for you. With so many eyeballs trained on the conventional names, the upside potential may be limited. However, throw a play-action pass at the right moment and you can pick more than the first-down marker.</p>



<p>If you&rsquo;re ready to walk the path least traveled, check out these maverick stocks to buy.</p>



<h2>Corsair Gaming (CRSR)</h2>


<div>
<a href="https://investorplace.com/wp-content/uploads/2020/09/crsr-stock.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/crsr-stock-300x169.jpg" alt="corsair keyboard zoomed in on the logo"></a></div>


<p>A computer peripherals and hardware company, <strong>Corsair Gaming</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/crsr-stock-quote/"><strong>CRSR</strong></a>) designs and sells a range of computer products. These include high-speed DRAM modules, power supplies, USB flash drives and processor and case cooling solutions. For the uninitiated, these products may seem like overkill. However, video games have evolved into far more than a niche hobby. Instead, it&rsquo;s very much a viable industry.</p>



<p>Still, it hasn&rsquo;t been an easy ride. According to investment data aggregator Gurufocus, Corsair features a negative three-year revenue growth rate. Admittedly, that sounds terrible. In 2022, revenue slipped to about $1.4 billion following sales of over $1.9 billion in 2021. However, last year, the company managed to <a href="https://www.gurufocus.com/stock/CRSR/financials">improve annual revenue to $1.46 billion</a>.</p>



<p>If you&rsquo;re willing to exercise patience, CRSR could be one of the compelling maverick stocks to buy. With the latest jobs reports showing more people with more money, discretionary pursuits like gaming may blossom. In turn, this dynamic could boost Corsair&rsquo;s market value.</p>



<p>Analysts rate shares a <a href="https://www.tipranks.com/stocks/crsr/forecast">consensus moderate buy</a> with a $15.50. Further, the high-side target lands at a robust $18.</p>



<h2>Roblox (RBLX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/rblx1600-1-300x169.jpg" alt="Roblox sign logo at headquarters. RBLX stock"><div>Source: Michael Vi / Shutterstock.com</div></div>


<p>A video game developer, <strong>Roblox</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rblx-stock-quote/"><strong>RBLX</strong></a>) makes for an intriguing idea among maverick stocks. First, RBLX&rsquo;s soft market performance suggests that it could represent a discount over the long run. Since about March of 2022, Roblox shares have generally gone flat. At the same time, over the past six months, the bulls appear to be cooking up something special.</p>



<p>Second, the company enjoys strong fundamental relevance. According to Precedence Research, the global video game market size reached an <a href="https://www.precedenceresearch.com/video-game-market">estimated valuation of $224.9 billion in 2022</a>. Experts project that by 2032, the segment could hit around $610.6 billion. If so, that would imply a compound annual growth rate (CAGR) of 10.5%.</p>



<p>Additionally, Roblox distinguishes itself from the crowd by encouraging gamers to develop their own digital worlds. Best of all, people can share their creation within the Roblox community. It&rsquo;s been disappointing since its public market debut but RBLX could make a comeback. At least, that&rsquo;s what analysts think with a <a href="https://www.tipranks.com/stocks/rblx/forecast">moderate buy</a> view with a $49.79 price target.</p>



<h2>Veolia (VEOEF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_3_1600-300x169.jpg" alt="A zoomed in photo of a drop of water hitting a container of water's surface."><div>Source: Sambulov Yevgeniy/ShutterStock.com</div></div>


<p>A name that&rsquo;s perfect for maverick stocks because you don&rsquo;t really hear it often, <strong>Veolia</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/veoef-stock-quote/"><strong>VEOEF</strong></a>) nevertheless deserves to be on your radar. A French transnational company, Veolia engages in three main service and utility areas: water management, waste management and energy services. All three obviously command significant relevance. However, the water management component truly intrigues.</p>



<p>Specifically, the company offers a key solution in the fight against water scarcity through desalination. This process involves converting salt water into potable (drinking) water. And while early technologies suffered from economic viability issues, improvements in the area could make the innovation work.</p>



<p>Further, Straits Research points out that the global water desalination market <a href="https://straitsresearch.com/report/water-desalination-market#:~:text=Market%20Overview,period%20(2023%E2%80%932031).">reached a valuation of $19.22 billion in 2022</a>. By 2031, the segment could hit just over $43 billion, representing a CAGR of 9.12%. Adding to the pot, VEOEF <a href="https://www.gurufocus.com/stock/VEOEF/summary?search=veoef">trades at only 13.7X forward earnings</a>, well below the sector median of 23.63X.</p>



<p>Analysts rate shares <a href="https://www.tipranks.com/stocks/veoef/forecast">a unanimous strong buy</a> with a $38.86 price target. That&rsquo;s hardly a surprise given the importance of its mission.</p>



<h2>Marcus (MCS)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/movie-theater-300x169.jpg" alt="An empty movie theater."><div>Source: Shutterstock</div></div>


<p>When it comes to investing in cineplex operators, there appears to be only one name: <strong>AMC Entertainment</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/"><strong>AMC</strong></a>). To be sure, AMC symbolized one of the top maverick stocks during the pandemic. However, since its glory days of 2021, AMC has stumbled badly. Nevertheless, if you still want to participate in this sector, you ought to consider <strong>Marcus</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/mcs-stock-quote/"><strong>MCS</strong></a>).</p>



<p><a href="https://www.google.com/finance/quote/MCS:NYSE?hl=en">Per its public profile</a>, the company operates two principal divisions: Marcus Hotels and Resorts and Marcus Theatres. I&rsquo;m going to focus on the latter category. One key advantage that MCS offers over the competition is location. Generally speaking, Marcus Theatres are located in more Midwestern states like Ohio and Nebraska. Fundamentally, that&rsquo;s a huge potential catalyst because these are the states millennials are moving to.</p>



<p>Further, if working from home continues to become the established norm, it doesn&rsquo;t really make much sense for folks to insist on living in overpriced metropolitan areas. Therefore, Marcus is situated where the money will be. Since September of last year, <a href="https://www.tipranks.com/stocks/mcs/forecast">analysts have been bullish</a> on MCS.</p>



<h2>Petco (WOOF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/woof-stock-1-300x169.jpg" alt="The front of a Petco (WOOF) store in Los Angeles, California."><div>Source: Walter Cicchetti / Shutterstock.com</div></div>


<p>While not exactly one of the maverick stocks from a narrative standpoint, <strong>Petco</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/woof-stock-quote/"><strong>WOOF</strong></a>) can only attract a certain type of bold investor at the moment. That&rsquo;s because the pet retailer and services specialist lost a heavy amount of equity value in the past 52 weeks. Over the past five years, the print is even worse, warranting serious anxieties.</p>



<p>Still, the speculation is that the downside moves it incurred in late January is the bottom. If so, WOOF could see tremendous upside in a recovery run. It&rsquo;s not an inconceivable concept. According to the American Pet Products Association, projected 2023 sales of the U.S. pet market <a href="https://www.americanpetproducts.org/research-insights/industry-trends-and-stats">come in at $143.6 billion</a>. That would be a noticeable improvement over the $136.8 billion in sales generated in 2022.</p>



<p>Even better, if these projected numbers hold up, it would mean that American pet owners continued to spend on their furry friends despite <a href="https://youtu.be/DsZj1aJ0vkc?t=174">onerous pressure from high inflation</a> and high borrowing costs. It&rsquo;s not wonder, then, that analysts still peg WOOF as a <a href="https://www.tipranks.com/stocks/woof/forecast">consensus moderate buy</a> with a $3.82 price target.</p>



<h2>Sturm Ruger (RGR)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/sturm_ruger_rgr_1600-300x169.jpg" alt="An LCP Custom handgun manufactured by Sturm Ruger (RGR)."><div>Source: Susan Law Cain / Shutterstock.com</div></div>


<p>I guess we can&rsquo;t have a discussion about maverick stocks without diving into some controversy. Fundamentally, one of my ideas for investments that don&rsquo;t align with the mainstream crowd is <strong>Sturm Ruger</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rgr-stock-quote/"><strong>RGR</strong></a>). It&rsquo;s a firearms manufacturer so it&rsquo;s not going to get much love. Frankly, I don&rsquo;t really recall a time that the industry ever received outstanding support given the rise in gun violence.</p>



<p>Without getting bogged down into a political discussion, let me just focus on the economics. According to the Pew Research Center in 2017, <a href="https://www.pewresearch.org/social-trends/2017/06/22/the-demographics-of-gun-ownership/">three-in-ten American adults</a> stated that they currently own a gun. Another 11% reported that while they don&rsquo;t own a firearm, they live with someone that does. Moreover, <a href="https://thehill.com/policy/national-security/3960527-americans-bought-almost-60-million-guns-during-the-pandemic/#:~:text=Using%20background%20checks%20and%20other,and%2016.6%20million%20in%202022.">this statistic surely skyrocketed</a> following the Covid-19 pandemic.</p>



<p>Put another way, it will be ideologically difficult to isolate gun owners in America. There are just so many of them. And the industry itself <a href="https://investorplace.com/2024/02/7-stocks-to-buy-if-you-believe-joe-biden-can-win-in-2024/">could enjoy a cynical rally</a> if President Joe Biden wins a second term.</p>



<p>Analysts aren&rsquo;t exactly weighing in on RGR. But back in November, <a href="https://www.tipranks.com/stocks/rgr/forecast">Lake Street</a> pegged shares a &ldquo;buy&rdquo; with a $64 target.</p>



<h2>Funko (FNKO)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/fnko-stock-1-300x169.jpg" alt="A stack of Funko Pop! boxes from Funko ."><div>Source: Lutsenko_Oleksandr / Shutterstock.com</div></div>


<p>Perhaps the quirkiest idea among maverick stocks to buy, <strong>Funko</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fnko-stock-quote/"><strong>FNKO</strong></a>) manufactures licensed and limited pop culture collectibles. It&rsquo;s best known for its licensed vinyl figurines and bobbleheads. Personally, I found the concept ridiculous at first. However, through friends and colleagues, I discovered that there&rsquo;s serious demand for Funko figurines &ndash; especially certain collectable versions.</p>



<p>On the financial front, circumstances present a mixed bag. For example, the company prints a <a href="https://www.gurufocus.com/stock/FNKO/summary">three-year revenue growth rate of 7.1%</a>, beating out 68% of its peers. On the other hand, revenue has been fading in recent quarters. It also suffers from a low cash level relative to debt. Therefore, a lot rides on pop-culture relevance and the brand&rsquo;s popularity with young consumers.</p>



<p>Still, with a booming jobs market, it&rsquo;s possible that Funko could get out of its funk over the past year. Analysts anticipate that <a href="https://www.wallstreetzen.com/stocks/us/nasdaq/fnko/stock-forecast#:~:text=On%20average%2C%20Wall%20Street%20analysts,FNKO%20share%20price%20of%20%247.58.">shares will hit $8.50 over the next 12 months</a>. At the high side, FNKO may shoot up to $10.50.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/02/bold-bets-7-black-sheep-stock-picks-for-the-maverick-investor/">Bold Bets: 7 &#8216;Black Sheep&#8217; Stock Picks for the Maverick Investor</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Bold Bets: 7 'Black Sheep' Stock Picks for the Maverick Investor

Veolia: Undervalued Environmental Services Leader

Veolia targets at least 5% organic revenue growth in 2024, raises dividend

Veolia Environnement S.A. (VEOEY) Q4 2023 Earnings Call Transcript

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While precious resource investments tend to coalesce around gold and silver, the real assets to focus on are <a href="https://investorplace.com/industries/energy/renewable-energy/water/">water stocks.</a> The aforementioned metals are critical to advanced industries, no doubt about it. But we cannot live without water.</p>



<p>Indeed, rising concerns exist that the <a href="https://www.weforum.org/agenda/2018/10/where-the-water-wars-of-the-future-will-be-fought/">conflicts of tomorrow</a> will center on water rights and access. Given the life-or-death nature of such access, any conflicts that do materialize can quickly get out of hand. I mention this harsh backdrop to underscore the importance of proper resource stewardship.</p>



<p>Though we may not run out of water itself, the drinkable variety is <a href="https://www.iflscience.com/will-the-world-run-out-of-water-70692#:~:text=The%20short%20answer%20is%20no,percent%20of%20our%20world's%20surface.">increasingly in short supply.</a> With that, these water stocks should add a relevance boost to your portfolio.</p>



<h2>Xylem (XYL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_3_1600-300x169.jpg" alt="A zoomed in photo of a drop of water hitting a container of water's surface."><div>Source: Sambulov Yevgeniy/ShutterStock.com</div></div><p>A water technology provider, <strong>Xylem</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/xyl-stock-quote/"><strong>XYL</strong></a></span>) features two core business areas: water infrastructure and applied water. The former category mainly focuses on water delivery and wastewater transport and treatment, while the latter targets residential and commercial building services along with industrial and agricultural applications. Since the start of the year, XYL stock gained about 12%.</p>



<p>Currently, analysts rate shares a consensus moderate buy with a $133.64 average price target. That implies only a little over 5% return. However, the most optimistic target calls for $150, which projects growth of 18% over the next 12 months.</p>



<p>Looking ahead, the experts project Xylem&rsquo;s <a href="https://finance.yahoo.com/quote/XYL/analysis">revenue to reach $8.49 billion</a> at the end of this fiscal year. If so, that would represent a 15.4% lift from 2023 sales of $7.36 billion. Further, 2025 sales should land at $8.96 billion.</p>



<p>To be sure, XYL stock is hardly a discount with a forward earnings multiple of nearly 31X. However, it&rsquo;s <a href="https://www.gurufocus.com/stock/XYL/summary">consistently profitable,</a> benefiting from solid margins across the board. Therefore, it&rsquo;s one of the water stocks to put on your watch list.</p>



<h2>Essential Utilities (WTRG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/water-utility-300x169.jpg" alt="the interior of a water utility processing plant"><div>Source: Shutterstock</div></div><p>As the name suggests, <strong>Essential Utilities</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/wtrg-stock-quote/"><strong>WTRG</strong></a>) is a utility firm specializing in water and wastewater treatment infrastructure and services. Since the beginning of January, WTRG stock lost slightly more than 8%. The red ink appears a bit ungenerous, given that the company recently <a href="https://www.nasdaq.com/articles/essential-utilities-wtrg-q4-earnings-beat-estimates">came out with quarterly earnings of 50 cents per share.</a> This figure beat the consensus view of 49 cents per share.</p>



<p>Indeed, the figure also compared favorably to earnings of 44 cents per share in the year-ago period. Nevertheless, analysts at UBS and Wells Fargo are holding firm with reiterated &ldquo;buy&rdquo; ratings. Their price targets stand at $42 and $40, respectively. At the highest, WTRG stock could facilitate a return of nearly 21%.</p>



<p>That seems reasonable based on the financials. Looking ahead, the experts believe Essential&rsquo;s revenue will reach $2.38 billion at the end of this fiscal year. If so, we&rsquo;re talking a 16% growth rate from 2023. Also, in 2025, the company may print sales of $2.54 billion.</p>



<p>As with Xylem, Essential runs a hot multiple compared to other utilities. However, it&rsquo;s consistently profitable, making it a worthwhile idea for water stocks.</p>



<h2>Veolia (VEOEF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_5_1600-300x169.jpg" alt="A photo of water being poured into a glass that's sitting on a table."><div>Source: HQuality/ShutterStock.com</div></div><p>A French translational company, <strong>Veolia</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/veoef-stock-quote/"><strong>VEOEF</strong></a>) is administratively different from the other water stocks on this list. Since it&rsquo;s not listed in a U.S. exchange, it&rsquo;s traded over the counter via broker-dealer networks. As a result, not all brokerages may provide access to VEOEF stock. Still, if you can get your hands on it, it may be worthwhile to do so.</p>



<p>A multi-tiered business, Veolia specializes in water management, waste management and energy services. However, I&rsquo;ve been focused on the company&rsquo;s desalination directive or the process of converting salt water into potable (drinkable) water. With freshwater becoming less abundant, desalination could be a hotly demanded industry in the years ahead.</p>



<p>In addition, other innovations &ndash; such as small modular (nuclear) reactors &ndash; could make desalination more economically viable. If so, you&rsquo;re going to want to keep your eyes on VEOEF stock.</p>



<p>Notably, analysts rate shares a <a href="https://www.tipranks.com/stocks/veoef/forecast">unanimous strong buy</a> (among seven expert voices). Further, the average price target hits $38.88, implying almost 26% upside potential.</p>



<p><em>On the date of publication, Josh Enomoto did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines.</em></a></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/3-water-stock-wonders-to-quench-your-portfolios-thirst-for-profits/">3 Water Stock Wonders to Quench Your Portfolio&#8217;s Thirst for Profits</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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Latest News for Veolia Environnement Stock (OTC:VEOEF)

Wednesday, February 12, 2020