Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and internationally. It owns and operates infrastructure for the conversion of waste to energy (WtE), as well as engages in related waste transport and disposal, and other renewable energy generation businesses. The company disposes waste and generates electricity and/or steam; sells ferrous and non-ferrous metal recovered during the WtE process; and offers waste management solutions, such as site clean-up, wastewater treatment, pharmaceutical and healthcare solutions, reverse distribution, transportation and logistics, recycling, and depackaging. As of December 31, 2020, it owned and operated 41 WtE operations, 13 transfer stations, 20 material processing facilities, 4 landfills, 2 wood waste energy projects, 1 regional metals recycling facility, and 1 ash processing facility. The company was formerly known as Danielson Holding Corporation and changed its name to Covanta Holding Corporation in September 2005. Covanta Holding Corporation was founded in 1986 and is headquartered in Morristown, New Jersey.
IPO Year: n/a
Exchange: NYSE
Website: covanta.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2021 | $18.00 → $20.25 | Buy → Neutral | UBS |
| 7/15/2021 | $17.00 → $20.25 | Buy → Hold | Stifel |
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4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
4 - COVANTA HOLDING CORP (0000225648) (Issuer)
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UBS downgraded Covanta Holding from Buy to Neutral and set a new price target of $20.25 from $18.00 previously
Stifel downgraded Covanta Holding from Buy to Hold and set a new price target of $20.25 from $17.00 previously
Raymond James resumed coverage of Covanta with a rating of Hold
Barclays reiterated coverage of Covanta with a rating of Overweight and set a new price target of $16.00 from $12.00 previously
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8-K - COVANTA HOLDING CORP (0000225648) (Filer)
8-K - COVANTA HOLDING CORP (0000225648) (Filer)
10-Q - COVANTA HOLDING CORP (0000225648) (Filer)
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NEW YORK, Feb. 18, 2022 /PRNewswire/ -- A number of companies around the world are creating innovative ideas to combat climate change. On, a Swiss sports brand, has launched a sustainability initiative that uses carbon emissions to create a durable material for running shoes. Other companies like LG Innotek are reducing their carbon footprint by depositing zero waste into landfills. As investors look for companies that keep environmental, social, and governance (ESG) principles at the forefront of their businesses, companies are working to ensure their products, services, and processes are geared toward reducing emissions and helping create a "circular economy," where products have more than
MORRISTOWN, N.J., Oct. 28, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three and nine months ended September 30, 2021. Three Months Ended September 30, 2021 2020 (Unaudited, $ in millions) Revenue $539 $491 Net income $30 $5 Adjusted EBITDA $169 $128 Net cash provided by operating activities $90 $36 Free Cash Flow $60 $2 Reconciliations of non-GAAP measures can be found in the exhibits to this press release. Key Highlights Adjusted EB
NEW YORK, Oct. 15, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) (the "Company" or "Covanta") announced today that the Requisite Consents (as defined below) have been received from the holders ("Holders") of (i) Niagara Area Development Corporation's Series 2018A Bonds (CUSIP No. 653542 AC4) and Series 2018B Bonds (CUSIP No. 653542 AD2) (collectively, the "NY Bonds"), (ii) National Finance Authority's Series 2020A Bonds (CUSIP No. 63607Y AH3) and Series 2020B Bonds (CUSIP No. 63607Y AJ9) (collectively, the "NH 2020 Bonds"), (iii) National Finance Authority's Series 2018A Bonds (CUSIP No. 63607Y AA8), Series 2018B Bonds (CUSIP No. 63607Y AB6), Series 2018C Bonds (CUSIP No. 63607
MORRISTOWN, N.J., Oct. 12, 2021 /PRNewswire/ -- Covanta Holding Corporation ("Covanta") (NYSE:CVA), a world leader in sustainable waste and energy solutions, announced that at a special meeting of its stockholders held today, its stockholders voted to approve the previously announced acquisition of Covanta by EQT Infrastructure ("EQT") for $20.25 per share in cash, pursuant to the Agreement and Plan of Merger dated July 14, 2021 (the "Merger Agreement"). A total of 92,719,309 shares of the Company's common stock were voted in favor of the proposal to adopt the Merger Agreement
NEW YORK, Oct. 5, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) (the "Company" or "Covanta") announced that Covert Mergeco, Inc, a Delaware corporation ("Merger Sub"), an affiliate of certain investment funds affiliated with EQT Infrastructure, has commenced solicitations of consents (each, a "Consent Solicitation") from holders ("Holders") of (i) Niagara Area Development Corporation's Series 2018A Bonds (CUSIP No. 653542 AC4) and Series 2018B Bonds (CUSIP No. 653542 AD2) (collectively, the "NY Bonds"), (ii) National Finance Authority's Series 2020A Bonds (CUSIP No. 63607Y AH3) and Series 2020B Bonds (CUSIP No. 63607Y AJ9) (collectively, the "NH 2020 Bonds"), (iii) National Fin
MORRISTOWN, N.J., Sept. 23, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on October 15, 2021 to stockholders of record as of the close of business on October 7, 2021. About Covanta Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Waste-to-Energy ("WtE") facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricit
NEW YORK, Sept. 8, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) (the "Company" or "Covanta") announced today that the requisite consents have been received from the holders ("Holders") of the Company's outstanding (i) 6.000% Senior Notes due 2027 (the "2027 Notes") and (ii) 5.000% Senior Notes due 2030 (the "2030 Notes" and, together with the 2027 Notes, the "Notes" and each a "Series of Notes") to amend the terms of the Indenture (as defined below) with respect to each Series of Notes. As previously announced, on August 27, 2021, Covert Mergeco, Inc, a Delaware
NEW YORK, Aug. 27, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) (the "Company" or "Covanta") announced that Covert Mergeco, Inc, a Delaware corporation ("Merger Sub"), an affiliate of certain investment funds affiliated with EQT Infrastructure, has commenced solicitations of consents (each, a "Consent Solicitation") from holders ("Holders") of the Company's 6.000% Senior Notes due 2027 (the "2027 Notes") and 5.000% Senior Notes due 2030 (the "2030 Notes" and, together with the 2027 Notes, the "Notes" and each a "Series of Notes") to certain amendments (the "Proposed Amendments") to the Indenture, dated as of January 18, 2007, by and between the Company and Wells Fargo Bank, Na
MORRISTOWN, N.J., July 28, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three and six months ended June 30, 2021. Three Months EndedJune 30, 2021 2020 (Unaudited, $ in millions) Revenue $506 $454 Net loss $(19) $(13) Adjusted EBITDA $110 $96 Net cash provided by operating activities $105 $94 Free Cash Flow $62 $62 Reconciliations of non-GAAP measures can be found in the exhibits to this press release. Key Highlights Adjusted EBITDA up
STOCKHOLM, July 14, 2021 /PRNewswire/ -- EQT is pleased to announce that EQT Infrastructure has agreed to acquire Covanta Holding Corporation ("Covanta" or the "Company") (NYSE:CVA), an owner and operator of Waste-to-Energy ("WtE") facilities in North America. Under the terms of the agreement, which was unanimously approved by Covanta's Board of Directors, shareholders will receive USD 20.25 in cash per share of Covanta's common stock in a transaction valued at USD 5.3 billion, including the assumption of Covanta's net debt obligations. The purchase price represents a 37 percent premium to Covanta's unaffected share price of USD 14.86 on June 8th, the day prior to initial media speculation o
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MORRISTOWN, N.J., Oct. 28, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three and nine months ended September 30, 2021. Three Months Ended September 30, 2021 2020 (Unaudited, $ in millions) Revenue $539 $491 Net income $30 $5 Adjusted EBITDA $169 $128 Net cash provided by operating activities $90 $36 Free Cash Flow $60 $2 Reconciliations of non-GAAP measures can be found in the exhibits to this press release. Key Highlights Adjusted EB
MORRISTOWN, N.J., Sept. 23, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on October 15, 2021 to stockholders of record as of the close of business on October 7, 2021. About Covanta Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Waste-to-Energy ("WtE") facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricit
MORRISTOWN, N.J., July 28, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three and six months ended June 30, 2021. Three Months EndedJune 30, 2021 2020 (Unaudited, $ in millions) Revenue $506 $454 Net loss $(19) $(13) Adjusted EBITDA $110 $96 Net cash provided by operating activities $105 $94 Free Cash Flow $62 $62 Reconciliations of non-GAAP measures can be found in the exhibits to this press release. Key Highlights Adjusted EBITDA up
MORRISTOWN, N.J., May 13, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on July 2, 2021 to stockholders of record as of the close of business on June 24, 2021. About CovantaCovanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Waste-to-Energy ("WtE") facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricity to
MORRISTOWN, N.J., April 29, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE:CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three months ended March 31, 2021. Three Months Ended March 31, 2021 2020 (Unaudited, $ in millions) Revenue $498 $468 Net income (loss) $2 $(32) Adjusted EBITDA $106 $97 Net cash provided by operating activities $52 $61 Free Cash Flow $19 $18 Reconciliations of non-GAAP measures can be found in the exhibits to this press release. Key Highlights Strong first quart
MORRISTOWN, N.J., March 4, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on April 9th, 2021 to stockholders of record as of the close of business on March 25th, 2021. About CovantaCovanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Waste-to-Energy ("WtE") facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle 600,000 tons of metal. Through a vast network of treatment and recycling facil
MORRISTOWN, N.J., Feb. 18, 2021 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the year ended December 31, 2020. Year Ended December 31, 2020 2019 (Unaudited, $ in millions) Revenue $1,904 $1,870 Net (loss) income $(28) $10 Adjusted EBITDA $424 $428 Net cash provided by operating activities $254 $226 Free Cash Flow $95 $140 Reconciliations of non-GAAP measures can be found in the exhibits to this press release. Key Highlights Strategic review progressing, with initial implementation steps to be
MORRISTOWN, N.J., Dec. 3, 2020 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on January 8th, 2021 to stockholders of record as of the close of business on December 31st, 2020. About CovantaCovanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Waste-to-Energy ("WtE") facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle 500,000 tons of metal. Through a vast network of treatment and recycli
LONDON, Dec. 1, 2020 /PRNewswire/ -- Covanta Holding Corporation (NYSE: CVA) ("Covanta"), Green Investment Group Limited ("GIG") and Biffa plc (LSE: BIFF) ("Biffa") today announced financial close and the commencement of construction on the Protos Energy Recovery Facility ("Protos ERF") in Cheshire, England. Covanta and GIG will each own 37.5 percent of the state-of-the-art Energy-from-Waste ("EfW") facility, with Biffa, the primary waste supplier for the facility, owning the remaining 25 percent of the project. "Today's announcement marks our fourth Energy-from-Waste project in the UK with GIG and our second with Biffa, all within the last two years, and demonstrates our sustained prog