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Initiation
Janney starts Global Water Resources with a Buy » 08:28
09/19/22
09/19
08:28
09/19/22
08:28
GWRS

Global Water Resources

$12.98 /

-0.4 (-2.99%)

As previously reported,…

As previously reported, Janney Montgomery Scott analyst Michael Gaugler initiated coverage of Global Water Resources, which provides water and wastewater services in the metropolitan Phoenix, Arizona region, with a Buy rating and $17 fair value estimate. The region continues to experience exceptionally strong customer growth and Gaugler notes that water supply issues are not a concern given the long range planning and strategies employed to ensure operational sustainability, adding that he recommends the shares for investors looking for growth and income.

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GWRS Global Water Resources
$12.98 /

-0.4 (-2.99%)

GWRS Global Water Resources
$12.98 /

-0.4 (-2.99%)

09/19/22 Janney Montgomery Scott
Global Water Resources initiated with a Buy at Janney Montgomery Scott
  • 28
    Jul
Initiation
Global Water Resources initiated with a Buy at Janney Montgomery Scott » 07:17
09/19/22
09/19
07:17
09/19/22
07:17
GWRS

Global Water Resources

$12.98 /

-0.4 (-2.99%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst Michael Gaugler initiated coverage of Global Water Resources with a Buy rating and $17 price target.

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GWRS Global Water Resources
$12.98 /

-0.4 (-2.99%)

  • 28
    Jul
Over a month ago
Hot Stocks
Global Water Resources director Levine acquires 541,000 common shares » 15:37
08/03/22
08/03
15:37
08/03/22
15:37
GWRS

Global Water Resources

$14.19 /

+0.87 (+6.53%)

In a regulatory filing,…

In a regulatory filing, Global Water Resources director Jonathan Levin disclosed the purchase of 541,000 common shares of the company on August 1 at a price of $13.50 per share.

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GWRS Global Water Resources
$14.19 /

+0.87 (+6.53%)

  • 28
    Jul
Hot Stocks
Global Water Resources director Cohn acquires 111,000 common shares » 20:34
08/02/22
08/02
20:34
08/02/22
20:34
GWRS

Global Water Resources

$13.95 /

+0.645 (+4.85%)

In a regulatory filing,…

In a regulatory filing, Global Water Resources director Andrew Cohn disclosed the acquisition of 111,000 common shares of the company on August 1 at a price of $13.50 per share.

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GWRS Global Water Resources
$13.95 /

+0.645 (+4.85%)

  • 28
    Jul
Syndicate
Global Water Resources 1M share Spot Secondary priced at $13.50 » 08:32
07/28/22
07/28
08:32
07/28/22
08:32
GWRS

Global Water Resources

$13.92 /

+0.12 (+0.87%)

The deal priced below…

The deal priced below last close price of $13.88. Roth Capital is acting as sole book running manager for the offering.

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GWRS Global Water Resources
$13.92 /

+0.12 (+0.87%)

Syndicate
Global Water Resources announces common stock offering, no amount given » 16:26
07/27/22
07/27
16:26
07/27/22
16:26
GWRS

Global Water Resources

$13.92 /

+0.12 (+0.87%)

Global Water Resources…

Global Water Resources announced that it has commenced an underwritten public offering of shares of its common stock. The company anticipates using the net proceeds from the offering to fund acquisitions and for working capital and other general corporate purposes. Roth Capital Partners is acting as sole manager for the offering.

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GWRS Global Water Resources
$13.92 /

+0.12 (+0.87%)

Hot Stocks
Global Water Resources receives ACC approval for rate increase » 08:40
07/13/22
07/13
08:40
07/13/22
08:40
GWRS

Global Water Resources

$13.58 /

+0.33 (+2.49%)

Global Water Resources…

Global Water Resources has received approval from the Arizona Corporation Commission, ACC, to establish new water and wastewater rates for 96% of its active service connections, effective August 1, 2022. The new rates are expected to result in a collective revenue increase of approximately $2.2M on an annualized basis, based on 2019 test year service connections, and will be implemented in three stages, on August 1, 2022, January 1, 2023, and January 1, 2024. "As with our previous rate increase, the additional revenue we expect to generate from the higher rates approved yesterday is anticipated to provide the financial resources we need to meet the current and future needs of our customers," stated Global Water president and CEO, Ron Fleming. "We believe this will enable us to sustain the high quality of our water and wastewater infrastructure, as well as improve services for the communities we have the privilege to serve." The ACC also approved the consolidation of rates and corporate entities for several Global Water utilities in Pinal County, including Red Rock, Santa Cruz, Palo Verde, Picacho Water, and Picacho Utilities. In addition, the ACC approved, among other things, acquisition premiums related to Global Water's acquisition of Red Rock and Turner Ranches utilities.

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GWRS Global Water Resources
$13.58 /

+0.33 (+2.49%)

Over a quarter ago
Hot Stocks
Global Water Resources to acquire Farmers Water Company, terms not disclosed » 08:34
04/18/22
04/18
08:34
04/18/22
08:34
GWRS

Global Water Resources

$15.52 /

-0.24 (-1.52%)

Global Water Resources…

Global Water Resources has signed a definitive agreement to acquire Farmers Water Co., a subsidiary of Farmers Investment Co., located in Pima County, Arizona. The acquisition, if completed, would add approximately 3,300 active water service connections and an approximate 21.5 square miles of Certificate of Convenience and Necessity service area in Sahuarita and surrounding unincorporated Pima County. The primarily residential connections are in close proximity to the service areas of Global Water's recently acquired Las Quintas Serenas, Francesca, Mirabell, and Red Rock water companies. All of these areas fall within the Arizona Sun Corridor, a megaregion that is expected to double in population by 2040. Global Water plans to retain all Farmers Water employees and maintain a local customer service center. Upon closing, Farmers Water will represent Global Water's seventh acquisition in Pima County and its second in the Town of Sahuarita, including the adjacent Las Quintas Serenas water utility it acquired in November 2021. The transaction is expected to close in the first quarter of 2023 and is subject to customary closing conditions and approvals. Global Water plans to implement its technology platform which would include upgrading Farmers Water's connections from manually-read meters to smart meters, a technology it has successfully deployed several times including in its largest service area. Smart meters support greater operational efficiencies as well as real-time information for customers about their water usage, including leak and high usage alerts. This information can help preserve scarce water resources while lowering monthly water bills.

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GWRS Global Water Resources
$15.52 /

-0.24 (-1.52%)

Hot Stocks
Global Water Resources director buys $116.5K in common stock » 18:51
03/22/22
03/22
18:51
03/22/22
18:51
GWRS

Global Water Resources

$15.91 /

-0.09 (-0.56%)

In a regulatory filing,…

In a regulatory filing, Global Water Resources disclosed that its director Andrew Cohn bought 7.3K shares of common stock March 21, 2022 in a total transaction size of $116.5K.

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GWRS Global Water Resources
$15.91 /

-0.09 (-0.56%)

Hot Stocks
Global Water Resources completes acquisition of two water utilities » 08:42
01/24/22
01/24
08:42
01/24/22
08:42
GWRS

Global Water Resources

$14.97 /

-0.2 (-1.32%)

Global Water Resources…

Global Water Resources has completed its previously announced acquisition of two small water utility companies, Twin Hawks Utility and Rincon Water Company. Twin Hawks is located in Pinal County and Rincon is in Pima County. The acquisitions add approximately 93 water connections. "We welcome Twin Hawks and Rincon to our expanding portfolio of water utilities in Arizona," stated Global Water Resources president and CEO, Ron Fleming. "For both facilities, we have begun to implement our industry-leading approach to utility consolidation and operations, which promotes compliance, safety, and better water usage for the benefit of all stakeholders."

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GWRS Global Water Resources
$14.97 /

-0.2 (-1.32%)

GWRS Global Water Resources
$14.97 /

-0.2 (-1.32%)

02/25/21 Roth Capital
Global Water Resources price target raised to $19 from $12.50 at Roth Capital

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