News about PESI

White Brook Capital's Q3 2026 investor letter highlights Perma-Fix Environmental Services (NASDAQ:PESI), which traded at $12.47 on October 21, 2026, with a market capitalization of $264.59 million and a year-to-date return of about -1.7%. The firm attributes the year's slowdown mainly to government delays, including a new treatment plant that took longer to test, paperwork holding up shipments and revised disposal instructions that left unbillable waste on site, although regular shipments resumed from July and continued through September. Perma-Fix was named one of three companies eligible for a long-term tank waste program worth up to $4.4 billion, and the firm expects it to win the lion's share given its proximity to the cleanup site. The letter says the stock embeds fear that the company may need to raise capital again before generating cash flow, and values Perma-Fix at about 2.6 times management's illustrative roughly $100 million Hanford annual revenue run rate for 2028 on about $255 million enterprise value.