Analysts Offer Insights on Industrial Goods Companies: Perma-Fix (NASDAQ: PESI), Plug Power (NASDAQ: PLUG) and Canadian National Railway (NYSE: CNI)We hosted Canadian National’s EVP & CFO Ghislain Houle, IR Stacy Alderson, & for virtual Australian investor meetings. Mr. Houle expects ‘25 revenue ton mile (RTM) growth at the low end of its low-single digit target (we are +0.6%, from +0.3%), with 4QTD and year-to-date RTMs flattish (+0.2% yr-yr). Near-term strength is led by record Canadian grain shipments (Oct. was the highest in CN’s history), improving intermodal flows (following 4Q24 labor disruptions) and recovery in frac sand and refined products after disruptions. Nevertheless, given a soft volume exit rate, it expects muted volumes in ‘26 amid weak industrial production and tariff headwinds, particularly in higher-yielding Forest Prod.