The utility sector is now the third-best-performing sector year to date and the top-performing S&P 500 sector of the second quarter after a solid rally in the past month.
Consolidated Water's (CWCO) first-quarter 2024 earnings are likely to have continued to benefit from a diversified revenue stream, PERC's contracts and the improvement of tourist activity.
Utility and consumer staples stocks like California Water Service Group (CWT), National Grid plc (NGG), Pinnacle West Capital Corporation (PNW), Colgate-Palmolive Company (CL) and PepsiCo, Inc. (PEP) are a safe bet during times of uncertainty.