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Enviri to Sell Clean Earth, Spin Off New Enviri

Story Highlights
  • Enviri will sell Clean Earth and spin off Harsco Environmental and Rail into New Enviri by June 1, 2026.
  • Shareholders receive $15 per share and New Enviri stock, as trading transitions to the NVRI ticker in early June.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Enviri to Sell Clean Earth, Spin Off New Enviri

Meet Samuel – Your Personal Investing Prophet

An announcement from Enviri ( (NVRI) ) is now available.

On May 20, 2026, Enviri Corporation detailed plans to sell its Clean Earth segment to Veolia Environnement and to spin off its Harsco Environmental and Rail segments into a separate, publicly traded entity called Enviri II Corporation, or New Enviri, with both transactions targeted for completion before market open on June 1, 2026, subject to closing conditions. Enviri stockholders approved the Clean Earth sale on May 4, 2026, will receive a $15.00 per-share cash payout after debt repayment and costs, and will be issued one share of New Enviri stock for every three Enviri shares, as the company executes a holding-company restructuring, transitions its NYSE listing to the spun-off business under the existing NVRI ticker, and reshapes its capital structure and business focus.

Trading in Enviri common stock is expected to continue under NVRI until June 1, 2026, while when-issued trading in New Enviri shares under NVRI WI is slated to begin on May 27, 2026, ahead of regular-way trading under the NVRI ticker on June 2, 2026. These moves realign Enviri’s portfolio by separating its environmental and rail operations from Clean Earth, providing shareholders with immediate cash consideration and direct ownership in the new standalone company, while potentially clarifying the market valuation and strategic direction of the distinct businesses.

The most recent analyst rating on (NVRI) stock is a Hold with a $19.50 price target. To see the full list of analyst forecasts on Enviri stock, see the NVRI Stock Forecast page.

Spark’s Take on NVRI Stock

According to Spark, TipRanks’ AI Analyst, NVRI is a Neutral.

The score is constrained primarily by weak financial performance—persistent losses, negative/volatile free cash flow, and very high leverage—despite positive operating cash flow. Technicals are moderately constructive with price above key moving averages and neutral momentum. The latest earnings update and corporate action around the Clean Earth sale are supportive, but Rail execution/cash risks remain material, and valuation is challenged by negative earnings.

To see Spark’s full report on NVRI stock, click here.

More about Enviri

Enviri is a Philadelphia-based provider of environmental services and related innovative solutions, focused on recycling and reuse of waste streams to help a diverse global customer base address complex environmental challenges and meet sustainability goals. The company operates more than 150 locations across over 30 countries, positioning it as a significant player in the international waste management and environmental solutions market.

Average Trading Volume: 1,270,323

Technical Sentiment Signal: Buy

Current Market Cap: $1.6B

Find detailed analytics on NVRI stock on TipRanks’ Stock Analysis page.

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