A Waste-to-Energy Stock for Investors

If Hollywood has taught us anything, it’s that in the future you can use garbage to power your time-traveling DeLorean sports car. But we’re still stuck with the realities of today’s technologies when it comes to dealing with waste. In the United States alone, each person generates nearly 4.5 pounds of Municipal Solid Waste (MSW) per day, which works out to about 262.4 million tons, according to the Environmental Protection Agency (EPA). At best, only about 24% of MSW is recycled, and those rates may worsen as China refuses to be our plastic trash dump any longer. We recently wrote about the plight of small, low-lying island nations and their mountains of trash, asking whether waste-to-energy could be a viable solution. So what if we told you about a waste-to-energy (WTE) company that is publicly traded with a $2.2 billion market cap and yield approaching 6%?

About Covanta

Click for company websiteThat company is Covanta out of New Jersey. Yes, a garbage comp

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