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Investors Could Clean Up With Covanta

The waste-to-energy operator should benefit from global sustainability initiatives.

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Global adoption of environmental sustainability initiatives is one of the major growth drivers for  Covanta (CVA), the world’s largest pure-play operator of waste-to-energy, or WtE, facilities.

Covanta emerged from bankruptcy protection in 2004 with the help of billionaire investor Sam Zell, who remains the company’s chairman of the board and largest shareholder with a nearly 10% stake.

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Barbara Noverini does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.