12 Most Promising Green Stocks According to Hedge Funds

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7. 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 emphasizes sustainable waste disposal practices, recycling initiatives, and landfill gas-to-energy projects to minimize its environmental footprint. Waste Connections, Inc. (NYSE:WCN) collaborates with municipalities, commercial businesses, and industrial clients to offer customized waste management solutions.

Waste Connections, Inc. (NYSE:WCN) is concentrating on expanding its presence in key markets. The company is poised 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 encompass solid waste franchises, new market entries, oil and natural gas waste facilities, and tuck-in operations within or near its existing service areas. A notable acquisition is Royal Waste Services, a prominent waste management company in New York City, which has positioned Waste Connections, Inc. (NYSE:WCN) as the largest and only fully integrated waste provider in the city. This strategic acquisition is expected to unlock significant growth and operational efficiencies, especially with the city’s shift to a franchise model, where the company has secured exclusive contracts with municipalities and businesses to be the primary waste collection provider.

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

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