Xylem Inc.XYL has been selected for the prestigious PureWater Colorado Demonstration Project for establishing direct portable reuse (DPR) in the state.
Colorado-based municipal water supplier, Denver Water, renowned environmental engineering company,Carollo Engineers, and WateReuse Colorado have joined forces for this project. Xylem has been picked for offering its non-imitable water technology solutions, including its Leopold granulated activated carbon filter pilot and Wedeco MiPRO advanced oxidation process pilot (AOP) system, for the program.
Water reuse is part of Colorado's existing Water Plan. It is aimed at reducing the amount of water sidetracked from streams and rivers. Hence, the program intends to promote reliable, sustainable and secured drinking water in Colorado. Some portion of water produced under this program will be used to brew beer. This will aid in raising understanding and awareness among community leaders and local population about the value of DPR.
The PureWater Demonstration Project is located in the Denver Water Recycling Plant and its execution starts this April.
Water Reuse Technology Leader: Xylem
Xylem is recognized as a frontrunner in the domain of water-reuse technology. The company offers innovative solutions to reuse applications in the United States and other overseas markets.
In 2017, Xylem inked a multiple-year commitment (2017-2019) with Water Environment Research Foundation, for assisting water-reuse related research of the latter. The company's Wedeco MiPRO AOP is currently used in the Terminal Island Water Reclamation Plant of the Los Angeles Sanitation. Furthermore, Xylem is working with the Singapore Public Utilities Board and the IVL Swedish Environmental Research Institute for making advancements in the field of water-reuse research.
Over the past three months, this Zacks Rank #2 (Buy) stock has rallied 10.5%, as against 6% the loss incurred by the industry .
Apart from water reuse, elevated demand for wastewater transport, dewatering, gas and analytics services are expected to drive Xylem's top-line growth.
Xylem anticipates to generate revenues of $5.1-$5.2 billion in 2018 (estimating year-over-year growth of 8-10%). Organically, top-line results are projected to be up 4-6%.
Also, as per our estimation, the company's revenues are projected to grow 9% for 2018 and 5.2% for 2019, on a year-over-year basis.
Other Stocks to Consider
Some other top-ranked stocks in the same space are listed below:
Kawasaki Heavy Industries Ltd. KWHIY flaunts a Zacks Rank #1 (Strong Buy). The company's earnings per share (EPS) are projected to be up 21.6% in the next three to five years. You can see the complete list of today's Zacks #1 Rank stocks here .
Dover Corporation DOV carries a Zacks Rank of 2. The company's EPS is estimated to rise 13% over the next three to five years.
EnPro Industries NPO is another Zacks #2 Ranked company. Its EPS is predicted to grow 22.3% during the same time frame.
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