10 Best Waste Management Stocks to Buy According to Analysts

3. Quest Resource Holding Corporation (NASDAQ:QRHC)

Market cap as of November 22, 2024: $145.14 Million

Number of Hedge Fund Holders: 6

Stock Upside Potential: 95.04% 

Quest Resource Holding Corporation (NASDAQ:QRHC) is a waste and recycling services company that provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables. The company provides waste and recycling solutions to some of the biggest companies, including Fortune 1000 firms from which it generates most of its revenues.

Likewise, Quest Resource Holding Corporation (NASDAQ:QRHC) has been securing big contracts and winning new clients, strengthening its revenue base. Strong demand from current clients and the onboarding of new clients contributed about $16 million to the company’s Q3 2024 revenue. However, isolated client attrition and less-than-expected conditions at some clients in industrial end markets partially offset growth.

Overall, revenue was up 3.3% year over year and amounted to $72.8 million. Strong demand for waste management and recycling solutions was the catalyst behind this growth. Even though the company’s net loss widened to $0.16 a share compared to $0.10 a share delivered in the same quarter last year, the company is focused on ramping up new business and increasing efficiencies.