5 High Growth Utility Stocks to Buy

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1. Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Latest YoY Quarterly Revenue Growth: 99.00%

Number of Hedge Fund Holders: 8

Cayman Islands-based Consolidated Water Co. Ltd. (NASDAQ:CWCO) designs, builds, and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and water treatment and reuse facilities in the United States.

On November 9, Consolidated Water Co. Ltd. (NASDAQ:CWCO) released its financial results for Q3 2023 which surpassed consensus estimates for top and bottom line figures. It generated a revenue of $50 million and a net income of $8.6 million which translates to an EPS of $0.54. The revenue and EPS figures exceeded consensus estimates by $12.15 million and $0.13 respectively.

As of Q3 2023, 8 of the 910 hedge funds tracked by Insider Monkey were long Consolidated Water Co. Ltd. (NASDAQ:CWCO) and held shares worth $5.0 million. Israel Englander’s Millennium Management was the largest shareholder with ownership of 0.094 million shares valued at $2.7 million.

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