10 Best Environmental Stocks To Invest In Right Now

3. Waste Management, Inc. (NYSE:WM)

Number of Hedge Fund Investors: 54

Waste Management, Inc. (NYSE:WM) is one of the largest providers of waste collection, disposal, and recycling services, serving over 20 million customers across the United States and Canada. The company is a leader in sustainable waste practices, including waste-to-energy initiatives, methane gas recovery, and advanced recycling technologies. Waste Management, Inc. (NYSE:WM) actively reduces greenhouse gas emissions and minimizes landfill dependency.

Waste Management, Inc. (NYSE:WM) is actively investing in sustainability initiatives and renewable energy projects to drive growth and reduce its environmental footprint. The company has committed to spend approximately $3 billion on sustainability-related investments, including the development of renewable natural gas (RNG) projects, recycling facilities, and other initiatives. These investments are expected to generate significant earnings growth and free cash flow, with the company anticipating $800 million in EBITDA from these initiatives by 2027.

Waste Management, Inc. (NYSE:WM) is also leveraging technology and automation to optimize its operations, improve efficiency, and reduce costs. The company has implemented various technologies, including automated routing systems, scheduling and planning tools, and advanced mapping systems, to streamline its collection and disposal operations. Additionally, Waste Management, Inc. (NYSE:WM) has automated over 800 routes in its residential fleet to reduce labor dependence and improve performance. These investments in technology are expected to drive margin expansion and operating efficiency, with the company targeting a significant reduction in operating expenses as a percentage of revenue.

Waste Management, Inc. (NYSE:WM) is also pursuing strategic acquisitions to expand its service offerings and increase its market share. On November 4, the company completed the acquisition of Stericycle, a leading provider of medical waste management services. This acquisition is expected to add a complementary business line and drive growth through synergies and expanded service offerings.