Brief-Perma-Fix And Enforcer One Announce Joint Distribution Agreement To Deliver End-To-End Pfas Foam Transition Solutions

What Happened?

Shares of environmental waste treatment and services provider Perma-Fix jumped 7.4% in the afternoon session after it responded to positive developments in the nuclear energy sector, highlighted by a new government initiative to support advanced reactor technology. The Department of Energy announced it selected the Tennessee Valley Authority and Holtec International to support the deployment of small modular reactors (SMRs). This initiative aimed to advance the development of new nuclear energy technologies to provide clean, reliable power. While Perma-Fix was not directly part of the announcement, the news likely created positive sentiment for the broader nuclear industry, benefiting companies involved in nuclear services and waste management. Separately, Perma-Fix's President and CEO, Mark Duff, was a confirmed speaker at an upcoming Nuclear & Waste Management Forum.

Is now the time to buy Perma-Fix? Access our full analysis report here.

What Is The Market Telling Us

Perma-Fix’s shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 13 days ago when the stock dropped 6.3% on the news that markets faded the Nvidia rally in the morning session, as investors remained uncertain about future rate cuts. 

While the trading day began with significant enthusiasm, pushing the Dow Jones Industrial Average up more than 700 points and the Nasdaq Composite up 2.6%, momentum quickly evaporated as the session wore on. The primary catalyst for this sharp reversal was a stronger-than-expected jobs report, which reduced the implied odds of a December interest rate cut to less than 40%.This macroeconomic anxiety overshadowed stellar corporate performance. Nvidia initially surged 5% on blockbuster earnings and CEO Jensen Huang's bullish outlook on "off the charts" demand for Blackwell chips. However, the stock eventually turned negative, acting as a heavy weight that dragged the broader indices into the red. The sell-off partly reflects a deepening caution regarding high-flying tech valuations in a "higher-for-longer" rate environment. 

Consequently, investors appeared to rotate capital away from volatile growth sectors and toward defensive staples, evidenced by Walmart's 6% gain following its own earnings beat. Ultimately, the market could not sustain the morning's euphoria, as traders prioritized rate realities over AI potential.

Perma-Fix is up 24.2% since the beginning of the year, but at $13.36 per share, it is still trading 13.3% below its 52-week high of $15.41 from November 2025. Investors who bought $1,000 worth of Perma-Fix’s shares 5 years ago would now be looking at an investment worth $2,090.

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how BrightView and the rest of the environmental and facilities services stocks fared in Q3.

Many environmental and facility services are non-discretionary (sports stadiums need to be cleaned after events), recurring, and performed through longer-term contracts. This makes for more predictable and stickier revenue streams. Additionally, there has been an increasing focus on emissions and water conservation over the last decade, driving innovation in the sector and demand for new services. Despite these tailwinds, environmental and facility services companies are still at the whim of economic cycles. Interest rates, for example, can greatly impact commercial construction projects that drive incremental demand for these services.

The 12 environmental and facilities services stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was 1.7% below.

Luckily, environmental and facilities services stocks have performed well with share prices up 10% on average since the latest earnings results.

BrightView

An official field consultant for Major League Baseball, BrightView offers landscaping design, development, and maintenance.

BrightView reported revenues of $702.8 million, down 3.6% year on year. This print fell short of analysts’ expectations by 2.8%. Overall, it was a softer quarter for the company with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

“Our fourth quarter and full-year results reflect the continued momentum behind our One BrightView strategy and the strengthened foundation of our business,” said Dale Asplund, BrightView President and Chief Executive Officer.

BrightView scored the highest full-year guidance raise but had the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is up 5.4% since reporting and currently trades at $12.50.

Read our full report on BrightView here, it’s free for active Edge members.

Best Q3: Perma-Fix

Tackling hazardous waste challenges since 1990, Perma-Fix provides environmental waste treatment services.

Perma-Fix reported revenues of $17.45 million, up 3.8% year on year, outperforming analysts’ expectations by 7.1%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 4.6% since reporting. It currently trades at $12.28.

Is now the time to buy Perma-Fix? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Clean Harbors

Established in 1980, Clean Harbors provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups.

Clean Harbors reported revenues of $1.55 billion, up 1.3% year on year, falling short of analysts’ expectations by 1.6%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.

As expected, the stock is down 9.5% since the results and currently trades at $222.73.

Read our full analysis of Clean Harbors’s results here.

Waste Connections

Operating a network of municipal solid waste landfills in the U.S. and Canada, Waste Connections is North America's third-largest waste management company providing collection, disposal, and recycling services.

Waste Connections reported revenues of $2.46 billion, up 5.1% year on year. This result beat analysts’ expectations by 0.5%. It was a very strong quarter as it also put up an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ adjusted operating income estimates.

The stock is up 1.6% since reporting and currently trades at $176.50.

Read our full, actionable report on Waste Connections here, it’s free for active Edge members.

Quest Resource

Recycling corporate waste to help companies be more sustainable, Quest Resource is a provider of waste and recycling services.

Quest Resource reported revenues of $63.34 million, down 13% year on year. This print topped analysts’ expectations by 5.9%. Overall, it was a strong quarter as it also logged an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

Quest Resource had the slowest revenue growth among its peers. The stock is up 35.5% since reporting and currently trades at $1.89.

Read our full, actionable report on Quest Resource here, it’s free for active Edge members.