PESI - Perma-Fix Has Multiple Opportunities To Succeed

2024-04-09 07:31:31 ET

Summary

• Perma-Fix has developed a revolutionary treatment process to eliminate PFAS compounds, presenting a significant opportunity for the company.
• The company plans to construct three PFAS treatment plants in the US, targeting various potential markets.
• PESI's PFAS solution could compete with the incineration process and the separation process, expanding its total addressable market.
• Perma-Fix seems primed to grow its European business, which is a greenfield opportunity.
• The Hanford vitrification plant is still on track to become operational in early 2025, meaning PESI should begin a lucrative secondary waste contract soon after.

About three months ago, I wrote an update article on Perma-Fix (PESI), a company I have been following and writing about on Seeking Alpha for some time. Since then, the stock is up well over 40%. While every optimistic future opportunity I shared for the company is still on the table-and I will update on each of those below-a new, larger opportunity has since presented itself. One that the company, according to a recent press release , believes "marks potentially the single largest achievement in the history of the Company " (emphasis mine).

As you can see from the press release, as well as from the prepared remarks and Q&A on the recent 4Q23 earnings call , PESI's management team believes they have developed a revolutionary, proprietary treatment process whereby they "virtually eliminate PFAS compounds (minimum of 99.9999% destruction) and reduce the environmental liability associated with these materials." According to the company, "the process is effective and can be applied to a variety of potential markets, including liquids, solids, soils, biosolids, and sludges." In other words, PESI's treatment process should work on virtually all environmentally polluted areas....

For further details see: