2 Pollution Control Companies Poised for Significant Growth
Investors looking for an industry that is poised for significant growth over the coming decade may want to consider companies in the pollution control business. Companies in this area should be able to capture outsized gains as global economies that have been beaten up show signs of recovery in the coming years. This recovery should produce additional industrial demand and consequently increase the need for services that help protect the world we all live in. Two companies that seem to be especially promising are CECO Environmental Corp. (NASDAQ:CECE) and Midwest Energy Emissions (OTC:MEEC).
CECO Environmental Corp. provides clean air solutions for various industries worldwide. It offers a range of air quality products and services that include engineered equipment as well as air quality improvement systems. The company operates through 12 subsidiaries, which produce synergies that allow the overall company to meet any industrial air quality needs of its customers.
Shares have appreciated by more than 55 percent during the past year as investors continue to believe that the company is well-positioned for tremendous growth for years to come. The recent quarter was one of the best in CECO Environmental Corp.’s history. For the quarter ended June 30, the company generated $44.4 million in total revenue, an increase of approximately 30 percent compared to the prior quarter. This also resulted in a net income of $3.05 million, compared to just $2.2 million for the first quarter of this year.