Before the big drop in its stock price in March 2020, Essential Utilities’ (NYSE: WTRG) share price was in a strong uptrend with no signs of weaknesses and no concerns for investors. The recovery from the drop has been slower than the overall market, however, still being almost 20% off of its highs. The water sector plays the biggest part in Essential Utilities’ business model; despite its importance as an essential service, the effects the pandemic has imposed on the sector have been quite significant. Looking forward, there is still hope that the company can continue to recover past its pre-pandemic high.
