We just covered Bill Gates Portfolio 2026: Top 10 Stocks to Buy. Waste Management (NYSE:WM) is ranked No. 2 (see Bill Gates Portfolio 2026: Top 5 Stocks to Buy).
Waste Management (NYSE:WM) is a defensive, non-discretionary business with high customer retention and stable revenue. Waste Management (NYSE:WM) operates more than 250 solid waste landfills across North America and has a long-standing moat, as obtaining new permits for landfills in the U.S. is extremely difficult. Its scale and long-term contracts allow Waste Management (NYSE:WM) to maintain pricing power and resilient cash flow even during economic volatility.
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Waste Management’s (NYSE:WM) transition to renewable energy is a major growth catalyst. The company is investing billions in 20 new renewable natural gas (RNG) plants, which are expected to generate additional annual EBITDA of between $450 million and $500 million. This expansion positions Waste Management (NYSE:WM) not only as a waste hauler but also as a player in the green energy transition, benefiting from ESG mandates and carbon credit markets.
While we recognize WM’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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