WM (NYSE: WM) shares began Wednesday on the wrong foot, as North America's leading environmental solutions provider and largest recycler announced the company will celebrate the official grand openings for four recycling and renewable natural gas (RNG) projects across the U.S. The facilities are part of WM's plans to invest about $3 billion in its sustainability growth strategy from 2022-2026, expected to result in 39 new or upgraded recycling facilities and 20 new WM-owned RNG facilities.
To quote CEO Jim Fish, "We are meeting our customers' needs today and investing in communities for the long term through our planned growth in recycling and renewable energy infrastructure. As demand for recycling and renewable energy rises, WM is leading the industry in leveraging technology and automation to deliver solutions to our customers and help drive a more sustainable future."
During Earth Month, WM will have grand opening events for newly upgraded recycling facilities near Baltimore and in Central Texas, as well as new RNG facilities in the Chicago and Philadelphia areas, totaling more than $323 million in executed investments. Among these upgrades is the Mesquite Creek Recycling Facility in New Braunfels, Texas — one of the fastest-growing markets in America.
WM shares dished off $2.65, or 1.1%, to begin trading Wednesday at $231,25.
