Covanta Holding Corporation CVA was a big mover last session with its shares rising just over 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost roughly 8% since Nov 30.
This provider of waste and energy services to municipal entities worldwide has witnessed one positive estimate revision in the past 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Covanta Holding currently has a Zacks Rank #3 (Hold) and its Earnings ESP is positive.
Investors interested in the Energy sector may consider FuelCell Energy Inc. FCEL, which holds a Zacks Rank #2 (Buy).
Is CVA going up? Or down? Predict to see what others think: Up or Down
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