Here's Why Consolidated Water (CWCO) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Consolidated Water (CWCO) - CWCO currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Performance Metrics - Over the past week, CWCO shares increased by 0.45%, while the Zacks Utility - Water Supply industry rose by 3.33% [5] - In the last quarter, CWCO shares rose by 15.45%, and over the past year, they increased by 32.21%, significantly outperforming the S&P 500, which rose by 6.67% and 15.74% respectively [6] - The average 20-day trading volume for CWCO is 103,793 shares, indicating a bullish sign if the stock continues to rise on above-average volume [7] Earnings Outlook - In the past two months, one earnings estimate for CWCO has increased, raising the consensus estimate from $1.05 to $1.13 for the full year [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, CWCO is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]