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CDZI

Cadiz Inc.

https://www.cadizinc.com

Industry

Regulated Water

Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It is also involved in the cultivation of lemons, and spring and fall plantings of vegetables and grains. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California.

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Cadiz, Inc. and RIC Energy have partnered to build California's largest green hydrogen facility at Cadiz Ranch, using 100% solar power to produce 50 tons of green hydrogen per day. This facility will support zero-emission vehicles and electricity generation.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 12:41 pm

Cadiz's ATEC Water Systems has secured $1.6 million in new contracts for filtration systems targeting arsenic, iron, and manganese, with deliveries scheduled for 2025.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 12:36 pm

Cadiz Inc. has appointed Cathryn Rivera as the new Chief Operating Officer, effective September 16, 2024. Rivera will lead the execution of Cadiz's innovative groundwater banking project and the expansion of its water treatment technologies.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:32 pm

Cadiz shares are trading higher after the company announced it secured water purchase agreements for 85% capacity of its Northern Pipeline.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 4:22 pm

Cadiz has secured water purchase agreements for 85% of the capacity of its Northern Pipeline, totaling 21,275 acre-feet per year. These agreements are under 'take-or-pay' contracts for 40-50 years, ensuring a steady revenue stream.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:46 pm

As of July 23, 2024, two utilities stocks, National Fuel Gas Co. (NYSE:NFG) and Cadiz Inc (NASDAQ:CDZI), are considered overbought based on their RSI values. NFG has an RSI of 70.48 and CDZI has an RSI of 71.99, indicating potential short-term price declines.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 11:31 am

Cadiz, Inc.'s subsidiary ATEC Water Systems has secured three new sales contracts for iron and manganese filtration systems, expected to add $1.5 million in revenue in 2024. The contracts will serve communities in Wisconsin, Nevada, and Washington.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:32 pm

Cadiz Inc. has announced a new 50-year water delivery partnership with the Santa Margarita Water District. This agreement will enable the delivery of water from the Cadiz Water Supply and Storage Project through the company's Northern Pipeline.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 10:05 am

Cadiz, Inc. (NASDAQ:CDZI) has signed a Letter of Intent to provide 75,000 acre-feet of water supply to the City of Hesperia, supporting sustainable growth and groundwater recharge in the Mojave River Basin.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 12:36 pm

Cadiz Inc.'s subsidiary, ATEC Water Systems, has been awarded a $5.2 million contract, leading to an increase in ATEC's FY24 revenue forecast from $12 million to $15 million.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:02 pm

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