Consolidated Water Wins $39.8M California Water Purification Contract
CWCO is trading near its 52-week low of $27.23 (12% above the low).
Summary
PERC Water, a U.S. subsidiary of Consolidated Water, won a $39.8 million design-build agreement from the City of Pismo Beach for the Central Coast Blue Advanced Water Purification Facility. The project includes ultrafiltration, three-stage reverse osmosis, and UV advanced oxidation, with annual capacity of 750 acre-feet. Construction is expected to begin in spring 2027 and take about 24 months. This is a meaningful contract for a company with a market cap near $490 million, adding to its U.S. water treatment backlog. The award follows a competitive two-step procurement process and strengthens the company's position in California's municipal water reuse market.
At the time of this announcement, CWCO was trading at $30.58 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $489.7M. The 52-week trading range was $27.23 to $39.12. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.