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Why Clean Harbors Stock Triumphed on Tuesday
The Motley Fool· 2025-12-02 22:41
Core Viewpoint - Clean Harbors has secured new contracts worth $110 million from the U.S. military, contributing to a nearly 5% increase in its stock price, indicating positive market sentiment towards the company [1][2]. Group 1: Contract Details - The contracts awarded to Clean Harbors cover a three-year period and involve the deployment of regenerative carbon filtration and resin units at Joint Base Pearl Harbor-Hickam in Hawaii [3]. - These filtration units are essential for the base's clean water supply, filtering over 4 million gallons of water daily to eliminate harmful per- and polyfluoroalkyl substances (PFAS) [4]. Group 2: Company Position and Financials - Clean Harbors is uniquely positioned as the only company capable of providing comprehensive end-to-end PFAS solutions at a commercial scale, including safe thermal destruction [6]. - Although the $110 million contract is not substantial relative to Clean Harbors' annual revenue, which is nearing $6 billion, it represents a positive development that could lead to further lucrative contracts with U.S. federal government agencies [6].