10 Best Environmental Stocks To Invest In Right Now

5. Waste Connections, Inc. (NYSE:WCN)

Number of Hedge Fund Investors: 48

Waste Connections, Inc. (NYSE:WCN) is a leading provider of waste management, recycling, and environmental services across North America. The company focuses on sustainable waste disposal practices, recycling initiatives, and landfill gas-to-energy projects to reduce environmental impact. Waste Connections, Inc. (NYSE:WCN) partners with municipalities, commercial businesses, and industrial clients to provide tailored waste management solutions.

Waste Connections, Inc. (NYSE:WCN) is focusing on expanding its presence in key markets. In 2024, the company is on track for a record year of private company acquisitions, with over $700 million in annualized private company revenue signed or closed by October 30. These acquisitions include solid waste franchises, new markets, oil and natural gas waste facilities, and tuck-in operations within or adjacent to its existing footprint. Notably, the acquisition of Royal Waste Services, a leading waste management company in New York City, has positioned Waste Connections, Inc. (NYSE:WCN) as the largest and only fully integrated player in the city. This strategic move is expected to provide significant opportunities for growth and operating efficiencies, particularly with the city’s transition to a franchise model, in which the company has signed exclusive contracts with municipalities and businesses to obtain rights to be the primary waste collection provider.

Waste Connections, Inc. (NYSE:WCN) is committed to sustainable practices and has made significant progress toward achieving its long-term aspirational ESG (Environmental, Social, and Governance) targets. The company has reduced emissions intensity by 40% and absolute emissions by 13% over multiple years.