Why Mueller Water Products Inc. (MWA) Went Up on Wednesday

We recently compiled a list of the 10 Companies Jump on Better Earnings, Outlook. In this article, we are going to take a look at where Mueller Water Products Inc. (NYSE:MWA) stands against the other stocks.

The stock market extended its winning streak on Wednesday, closing firmer as investors seemed to have already priced in the news of tit-for-tat tariffs and uncertainties surrounding the Artificial Intelligence industry.

The Dow Jones gained another 0.71 percent, the S&P 500 grew 0.39 percent, and the tech-heavy Nasdaq increased by 0.19 percent.

Ten companies traded in line with the broader market sentiment, mostly on the back of record achievements in their latest earnings performance and optimistic outlook guidance.

To come up with Wednesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A plumber crouched in a crawlspace, working on a pipe repair project for residential construction.

Mueller Water Products Inc. (NYSE:MWA)

Mueller Water Products Inc. soared by 16.58 percent on Wednesday, ending the day at $26.93 apiece after achieving a more than 146 percent increase in net income for the first quarter of fiscal year 2025.

In a statement on Wednesday, Mueller Water said net income during the quarter jumped by 146.9 percent to $35.3 million from the $14.3 million registered in the same period a year earlier.

Net sales improved by 18.7 percent to $304.3 million from $256.4 million year-on-year, primarily due to increased volumes at Water Flow Solutions and Water Management Solutions and higher pricing across most product lines.

For the fiscal year 2025, Mueller said it was increasing its guidance on net sales to between $1.37 billion and $1.39 billion, or a projected increase of between 4.2 percent and 5.7 percent compared with the year prior.

Overall MWA ranks 1st on our list of Wednesday’s top gainers. While we acknowledge the potential of MWA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MWA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.