David Rose

Wedbush analyst David Rose said that there is a "sense" that water stocks are "approaching the bottom in earnings." However, he cautioned that there are still headwinds. In total, there is a "need to replenish this backlog soon in order to drive growth into next year....

Shares of Pentair plc. (NYSE: PNR) spiked higher by more than 5 percent Tuesday after Nelson Peltz's Trian Fund Management was reported to have accumulated a 7.24 percent stake and is pushing the company to explore several strategic options such as acquiring rivals to consolidate the space...