Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

Select Water Solutions / Equity Bottom-Up

<ul><li>Continued expansion of Select’s Water Infrastructure platform supports margin accretive growth through 2026 and beyond.</li><li>Near term, management expects double-digit percentage revenue and gross profit gains in the segment in 4Q25.</li><li>Water Infrastructure is Select’s highest-margin segment</li></ul>

Continued expansion of Select’s Water Infrastructure platform supports margin accretive growth through 2026 and beyond.Near term, management expects double-digit percentage revenue and gross profit gains in the segment in 4Q25.Water Infrastructure is Select’s highest-margin segment

Select Water Solutions, Inc.: Infrastructure Segment Underpins Growth Expectations - 28 October 2025