Perma-Fix: Hanford Inflection To Drive A 4x To 8x Increase In Share Price

Driven by work at Hanford that has either already been secured or is on the verge of being secured, Perma-Fix Environmental Services, Inc. is on the cusp of a massive inflection in performance. Beginning in 2H of 2026, vitrification waste streams will drive a significant inflection in PESI's performance, and reach $89m-$99m of annual revenue. By comparison, current LTM revenue is just $59m. A recent Tri-Cities Journal of Business report suggests PESI has recently won the entirety of the 200W grouting contract, estimated to be worth up to $216m of annual revenue. A recent DOE presentation indicates that PESI has been selected as the offsite treatment provider for newly proposed grouting work at 200E, with annual revenues estimated at $75m. My fair value estimate for PESI shares is $62.10 to $111.31, representing 348% to 703% upside to the current price. Perma-Fix Environmental Services ( Ticker: PESI ) is my favorite long idea right now, and the setup might be the most asymmetric I have ever come across.