Covanta (NYSE:CVA) stands out in the field of energy producers. Instead of relying on fossil fuels or even the typical renewables, Covanta produces energy through the incineration of municipal waste. Covanta's two primary revenue streams are waste disposal and energy production from that disposed waste. This means that the company is paid to burn the fuel from which it produces energy! Covanta operates 44 facilities in the United States which produce 5% of the country's waste energy from 20 million tons of solid waste. Along with Covanta's 14 other energy generating facilities (biomass and hydroelectric), the company generates 10 million megawatt hours of electricity annually.
Covanta's generators produce energy by burning solid waste. The heat generation in...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|