Covanta Holding Corporation


CVA

Price

20.12


Change

-0.01


High

20.23


Low

20.12


Avg Volume

906,155


PE Ratio

NA


52 Week High

20.25


52 Week Low

7.29



Profile

Covanta Holding Corporation is a public company headquartered in Morristown, New Jersey. It provides energy-from-waste and industrial waste management services. Most of its revenue comes from operating power plants that burn trash as fuel. Covanta charges a fee for waste disposal, sells electricity produced in the process, and recovers metal for recycling. Ogden Corporation, which later became the parent corporation of Covanta, was founded in 1939. Ogden was originally a holding company for investments in utility businesses. In 1952, Ogden acquired W.A. Case & Son Manufacturing Company, shifting its focus to manufacturing. Over time, it expanded into other industries, like entertainment and food, through acquisitions. In 1955, Ogden acquired a metal scrap recycling company called Luria Brothers. Luria's former CEO Ralph E. Ablon became the CEO of Ogden in 1962.


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