(Reuters) - U.S. waste management and energy company Covanta Inc
Covanta's stock has tumbled 15 percent since management lowered it guidance for the year in its October 23 third-quarter earnings report, the article said, noting "this looks like a buying opportunity."
In two to three years, Barron's said, the shares could reach the mid $20s, up at least 40 percent from a recent $17.35.
Covanta operates 45 facilities that convert garbage into energy, making money from the waste it collects and the electricity and steam it produces, the article said.
U.S. regulations have prevented new construction of waste-to-energy facilities since the 1990s, the article said.
(Reporting by Scott DiSavino; Editing by Steve Orlofsky)
- Nature & Environment