Camden, New Jersey-based American Water Works Company, Inc. (AWK) provides water and wastewater services in the United States. With a market cap of $27.6 billion, the company offers water and wastewater services on military installations and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities.
Companies worth $10 billion or more are typically referred to as "large-cap stocks." AWK fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the water utility industry. AWK benefits from operating approximately 80 surface water treatment plants, 520 groundwater treatment plants, 190 wastewater treatment plants, 54,500 miles of transmission, distribution, and collection mains and pipes.
