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The latest announcement is out from Perma-Fix ( (PESI) ).
On May 14, 2026, Perma-Fix Environmental Services, Inc. entered an underwriting agreement with Craig-Hallum Capital Group LLC for a firm commitment public offering of 2,285,714 common shares at $8.75 each, with a 30-day over-allotment of 342,857 shares that was fully exercised on May 15, 2026. The offering, expected to close around May 18, 2026, is anticipated to generate approximately $21.1 million in net proceeds after fees.
Perma-Fix plans to direct the capital toward upgrades tied to Direct-Feed Low-Activity Waste and grouting at its Perma-Fix Northwest Richland facility, continued R&D and commercialization of its patent-pending Perma-FAS PFAS destruction technology, ongoing capital expenditures and maintenance, and general corporate and working capital needs. The transaction underscores the company’s efforts to expand treatment capacity and advance its PFAS technology platform, which could strengthen its position in nuclear services and hazardous waste remediation markets.
The most recent analyst rating on (PESI) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Perma-Fix stock, see the PESI Stock Forecast page.
Spark’s Take on PESI Stock
According to Spark, TipRanks’ AI Analyst, PESI is a Neutral.
The score is held down primarily by poor financial performance (deep losses and negative operating/free cash flow) and bearish technicals (price below key moving averages with negative MACD). The latest earnings call provides a partial offset with a credible Q2 ramp narrative (backlog growth and capacity/permit progress), but near-term losses, cash decline, and execution risk keep the overall score low.
To see Spark’s full report on PESI stock, click here.
More about Perma-Fix
Perma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. It treats radioactive and mixed waste for hospitals, research institutions, U.S. federal agencies including the Department of Energy and Department of War, and the commercial nuclear industry, operating four nuclear waste treatment facilities and providing on-site environmental and decontamination services nationwide.
The company’s nuclear services group offers project management, waste management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection and industrial hygiene capabilities. This integrated platform positions Perma-Fix as a specialized contractor in complex nuclear remediation and infrastructure projects across the U.S.
Average Trading Volume: 192,182
Technical Sentiment Signal: Sell
Current Market Cap: $180.8M
See more insights into PESI stock on TipRanks’ Stock Analysis page.