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With a market cap of $65 billion, Republic Services, Inc. (RSG), based in Phoenix, Arizona, is the second-largest provider of non-hazardous solid waste collection, disposal, recycling, and energy services in the U.S. The company is involved in landfill gas-to-energy and renewable energy projects.
Shares of Republic Services have notably outperformed the broader market over the past year. RSG has surged 41.6% over this time frame, while the broader S&P 500 Index ($SPX) is up 27.5%. In 2024, the stock is up 25.4%, compared to SPX’s 17.8% return on a YTD basis.