Long Position on AQUA @ $38.00 on 8/20/2021 (Momentum)

Evoqua Water Technologies Corp. (AQUA) provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services for industrial, commercial, and municipal water treatment markets. It operates in two segments, Integrated Solutions and Services, and Applied Product Technologies. bullish cup and handle, $AQUA

The Integrated Solutions and Services segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.

This segment also provides odor and corrosion control services for municipalities. It serves healthcare, pharmaceutical, light manufacturing, microelectronics, food and beverage, and power and chemical processing industries.

The Applied Product Technologies segment offers advanced filtration and separation products, such as VAF self-cleaning filters, Ionpure technologies, and Vortisand systems; wastewater treatment technologies, including the BioMag systems, clarification systems, and odor control and sludge management solutions; disinfection solutions from chlorine to ultraviolet light and ozone technologies; electrocatalytic and materials, which include electro chlorination, cathodic protection, and anode products; and aquatics technologies and solutions. This segment serves recreational and commercial pool market.

The company has operations in the United States, Canada, the United Kingdom, the Netherlands, Germany, Australia, China, Singapore, Korea, and India.

On August 3rd, Evoqua Water Technologies reported 3rd Quarter June 2021 earnings of $0.14 per share on revenue of $369.7 million. The consensus earnings estimate was $0.17 per share on revenue of $364.9 million. Revenue grew 6.3% on a year-over-year basis. Since then shares have formed a bullish "cup and handle" and are expected to move higher from their current level.

 

Entry Point: $38.00

Stop Loss: $36.00

Trading Range: $18.60 to $38.5543

Target Price: $41.50

Position closed on 9/23/2021 at price of $40.00 with a 5.26% gain in 34 days.

Back to Portfolio