Perma-Fix: 2024 Could Be A Transformative Year

Aaron Warwick
1.89K Followers

Summary

  • Perma-Fix's stock experienced volatility throughout 2023 but ended the year as a double.
  • The company recently received a EUR 50M contract in Italy, which could be the first of several opportunities in Europe for Perma-Fix.
  • The treatment of secondary waste from the Hanford cleanup site presents an enormous and possibly transformative opportunity for the company.

Man in yellow protective suit and gas mask, warehouse full of yellow metal barrels

tiero/iStock via Getty Images

Shares of Perma-Fix (NASDAQ:PESI) started the year off strong in 2023, lifting from a low of under $4.00/share to as high as nearly $12.00/share by the end of 1Q23. The stock quickly gave back some of the gains, dropping

This article was written by

1.89K Followers
I try to be ahead of the curve, looking for opportunities where the market has not yet figured out or appreciated a company's fundamental business or upcoming catalysts. I have an accounting degree from Creighton University and a Masters in Philanthropy and Nonprofit Development from the University of Northern Iowa. I invest for retirement and as a hobby. I primarily engage in fundamental analysis and look for large discrepancies in what I believe a company is worth and their current share price.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PESI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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