Why Shares of Covanta Holding Are Up Again Today
Shares of Covanta Holding (NYSE: CVA), a leading waste-to-energy and environmental solutions company, are up 14% today, as of 2:50 p.m. EST. The jump comes one trading day after another double-digit increase on Friday.
The company reported a profitable third quarter last week, and followed that up with a release announcing a new CEO and plans for a strategic review "to unlock shareholder value."
The company reported a return to profitability in its third quarter for the first time in 2020. Covanta reported improvements in business conditions that have been impacted by the COVID-19 pandemic, but investors today are digesting the details of the new direction the company outlined in its earnings call.
Source Fool.com
