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An announcement from California Water Service ( (CWT) ) is now available.
On May 14, 2025, California Water Service Group announced an equity distribution agreement with several financial institutions to sell up to $350 million in common stock through an at-the-market equity program. This initiative allows the company to raise capital for general corporate purposes, including working capital and investments, by selling shares at prevailing market prices or through negotiated transactions. The agreement also includes provisions for forward sale agreements, where the company may settle in cash or shares, impacting its financial strategy and stakeholder interests.
The most recent analyst rating on (CWT) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on California Water Service stock, see the CWT Stock Forecast page.
Spark’s Take on CWT Stock
According to Spark, TipRanks’ AI Analyst, CWT is a Neutral.
California Water Service shows solid financial performance with strong revenue growth and profitability margins. The company’s technical indicators present a mixed outlook, while its valuation is reasonable with a stable dividend yield. The recent earnings call highlights non-GAAP growth and capital investments but also notes challenges with GAAP performance and regulatory negotiations. Overall, the stock presents a balanced risk-reward profile, with room for improvement in cash flow and regulatory settlements.
To see Spark’s full report on CWT stock, click here.
More about California Water Service
California Water Service Group operates in the utilities industry, primarily focusing on providing water and wastewater services. The company serves various communities across California, Washington, New Mexico, and Hawaii, aiming to deliver reliable and high-quality water services to its customers.
Average Trading Volume: 392,413
Technical Sentiment Signal: Sell
Current Market Cap: $2.72B
Find detailed analytics on CWT stock on TipRanks’ Stock Analysis page.