As previously reported, Craig-Hallum analyst Aaron Spychalla initiated coverage of Perma-fix Environmental with a Buy rating and $18 price target. Perma-Fix has been a leader in the hazardous and nuclear waste treatment and services space for 30-plus years and typically generated $70M-$100M+ in revenue with modest profitability. The firm thinks this is poised to change with numerous transformative opportunities across both sides of its business expected to materialize in the second half of 2024 and 2025 and set to drive substantial growth and sustainable profitability in the coming years. Craig-Hallum sees a significant stock opportunity as this occurs, with the potential for a $50-plus stock should it be more successful in garnering new wins.
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Read More on PESI:
- Perma-fix prices 2.05M shares at $9.75 in registered direct offering
- Perma-Fix Announces Pricing of Approximately $20 Million Registered Direct Offering
- Perma-fix Environmental reports Q1 EPS (26c) vs. (3c) last year
- Perma-Fix Environmental Services Commends EPA on Regulatory and Enforcement Measures for PFAS
- Perma-fix commends EPA on regulatory, enforcement measures for PFAS
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