Stock Strategist

Investors Could Clean Up With Covanta

Barbara Noverini, CFA

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.

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