I think Clean Harbor sets up as a nice IRA stock. The name was given to me in a dark bar a few weeks ago. I kept the idea in my back pocket. Really to lose a year's worth of gains on nothing but good news? The market has clearly not separated wheat from chafe here:
Clean Harbors price target raised to $131 from $128 at Baird 05/05
CLH
Baird analyst David Manthey raised the firm's price target on Clean Harbors to $131 from $128 and keeps an Outperform rating on the shares. The analyst views the selloff as a buying opportunity, noting its historically conservative guidance practice implies back-half results could come in above the midpoint.
Clean Harbors sees Q2 adjusted EBITDA up 25%-30% 05/04
CLH
Sees FY22 adjusted EBITDA $800M-$830M. Sees FY22 free cash flow $250M-$290M.
Clean Harbors reports Q1 adjusted EPS 83c, consensus 73c 05/04
CLH
Reports Q1 revenue $1.17B, consensus $1.07B. "We opened 2022 with a strong first-quarter on robust demand for our services and sustainable products," said Alan McKim, chairman, president and CEO. "Our record revenue and Adjusted EBITDA in the quarter reflected a continuation of the momentum that supported our business throughout 2021, including demand for our hazardous waste disposal capabilities, industrial services and re-refined products, as well as our October 2021 acquisition of HydroChemPSC ("HPC"). We executed effectively, navigating supply and inflation challenges through a combination of intelligent pricing programs and cost-control initiatives. Most importantly, we achieved a Total Recordable Incident Rate (TRIR) of 0.97 - underscoring the team's unwavering commitment to safety."
I think most of you are in this name I went on and on. Guy in the bar etc... It was $91 when i got involved.
Clean Harbors price target raised to $145 from $127 at Stifel

