Enviri Corporation Reveals $3.04 Billion Sale of Clean Earth to Veolia and Taxable Spin-Off of Harsco Environmental and Rail Divisions to Shareholders as "New Enviri"
Transaction Overview: Enviri Corporation has entered into an agreement with Veolia Environnement SA for Veolia to acquire Clean Earth for $3.04 billion, with Enviri shareholders set to receive cash consideration of $14.50 - $16.50 per share and retain ownership of Harsco Environmental and Rail through a spin-off of a new entity, New Enviri.
Financial Positioning: New Enviri will have a conservative capital structure with approximately 2.0x net leverage at closing, aiming for enhanced operational and financial flexibility, and will execute a taxable spin-off to minimize cash tax expenses.
Leadership Changes: Russell Hochman has been appointed as the CEO of New Enviri, bringing extensive experience from his previous roles within Enviri, while Nick Grasberger will remain with Enviri to ensure a smooth transition.
Future Outlook: The transaction is expected to close in mid-2026, pending shareholder and regulatory approvals, with management expressing confidence in New Enviri's potential for value creation and operational success.
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Brightline Capital Management Fully Exits Enviri Stake
- Complete Exit: On February 13, 2026, Brightline Capital Management disclosed it sold its entire stake of 1.4 million shares in Enviri for approximately $17.77 million, resulting in a total position valuation decrease to zero, indicating a cautious outlook on the company's future performance.
- Asset Reallocation: This transaction eliminated Enviri's 7.3% share of Brightline's AUM, reflecting a strategic shift towards concentrating capital in higher-potential investments like Viasat and Constellium to optimize the portfolio.
- Complex Performance Metrics: Despite Enviri's stock price rising 110.2% over the past year, its Q3 revenue was flat at $575 million, with a GAAP loss from continuing operations of $20 million and adjusted EBITDA dropping from $85 million to $74 million, highlighting insufficient operational momentum.
- Guidance Downgrade: Management lowered full-year EBITDA guidance to between $268 million and $278 million, with negative free cash flow expected at $20 million to $30 million, prompting Brightline to lock in gains and mitigate further risks amid declining margins and revised outlook.
Brightline Capital Management Exits Enviri Stake
- Share Sale Details: Brightline Capital Management exited its entire stake in Enviri by selling 1.4 million shares in Q4 2026, resulting in a $17.77 million decline in position value, indicating concerns about the company's future prospects.
- Financial Performance Analysis: Enviri reported $575 million in revenue for Q3, essentially flat year-over-year, while posting a GAAP loss of $20 million from continuing operations and adjusted EBITDA of $74 million, down from $85 million a year earlier, reflecting weakened profitability.
- Market Reaction and Strategic Shift: Despite a 110% increase in Enviri's stock price over the past year, Brightline's exit suggests a strategic pivot towards larger, more promising assets due to declining margins and negative cash flow.
- Investment Advisory Warning: Following Brightline's exit, analysts noted that Enviri was not included in the current list of top 10 recommended stocks, cautioning investors to be wary of investing in companies with uncertain outlooks.
Two Industrial Stocks at Risk of Significant Decline This Quarter
Enviri Corp Overview: Enviri Corp announced a $3.04 billion sale to Veolia and a spin-off of its new business, resulting in a 51% stock gain over the past month, with an RSI of 81.9 indicating overbought conditions.
Costamare Inc Overview: Costamare Inc reported positive quarterly results, leading to a 27% stock increase in the last month, and has an RSI of 81.6, also suggesting overbought status.
Market Performance: Enviri's shares closed at $18.30 after a slight decline, while Costamare's shares rose to $15.82, reflecting positive momentum in their stock prices.
Investment Caution: Both stocks are highlighted as potential warnings for momentum-focused investors due to their high RSI values, indicating they may be overbought.
Halper Sadeh LLC Urges EXAS, NVRI, MRUS Shareholders to Reach Out for Rights Consultation
Investigation of Companies: Halper Sadeh LLC is investigating Exact Sciences Corporation, Enviri Corporation, and Merus N.V. for potential violations of federal securities laws and breaches of fiduciary duties related to their respective sales.
Exact Sciences Sale: Exact Sciences is being sold to Abbott for $105.00 per share in cash, prompting an investigation into the transaction's fairness for shareholders.
Enviri Corporation Sale: Enviri's sale of Clean Earth to Veolia Environnement SA is expected to provide shareholders with cash consideration between $14.50 and $16.50 per share, which is also under scrutiny.
Legal Support for Shareholders: Halper Sadeh LLC offers free consultations to shareholders regarding their legal rights and options, emphasizing that they operate on a contingent fee basis, meaning no upfront legal fees are required.
Stocks Surge as Semiconductor Companies Recover
US Stock Market Performance: The S&P 500, Dow Jones, and Nasdaq 100 indexes closed higher on Friday, driven by a rally in semiconductor stocks and optimism for a potential Fed rate cut, following dovish comments from New York Fed President John Williams.
Economic Indicators: The US manufacturing PMI fell slightly, while consumer sentiment improved, with inflation expectations revised lower, indicating mixed economic signals ahead of upcoming consumer price reports.
Interest Rates and Bonds: The 10-year T-note yield dropped to a three-week low, supported by dovish Fed comments, although some Fed officials expressed caution about further rate cuts, suggesting a complex outlook for monetary policy.
Corporate Earnings and Stock Movements: Q3 earnings reports showed strong performance, with 82% of S&P 500 companies exceeding forecasts, while notable stock movements included gains in home builders and chip makers, contrasted by declines in defense stocks amid geopolitical developments.
Nasdaq Surges by More Than 100 Points as US Consumer Confidence Increases in November
U.S. Stock Market Performance: U.S. stocks saw significant gains, with the Dow Jones up over 500 points, while the S&P 500 and NASDAQ also experienced increases. Health care shares led the sectors with a 2.4% rise.
Notable Stock Movements: Iveda Solutions and Nuvve Holding Corp saw substantial increases of 28% and 42%, respectively, due to strategic partnerships and collaborations, while Elastic N.V. and authID Inc faced declines of 15% and 22% following their earnings announcements.
Commodity Trends: Oil prices fell by 2.3% to $57.65, while gold saw a slight increase of 0.1%. Silver prices dropped by 2%, while copper experienced a minor rise.
Economic Indicators: The University of Michigan's consumer sentiment index rose to 51.0, and the S&P Global composite PMI increased to 54.8, indicating positive economic sentiment, despite a decline in the manufacturing PMI to 51.9.
Brightline Capital Management Fully Exits Enviri Stake
- Complete Exit: On February 13, 2026, Brightline Capital Management disclosed it sold its entire stake of 1.4 million shares in Enviri for approximately $17.77 million, resulting in a total position valuation decrease to zero, indicating a cautious outlook on the company's future performance.
- Asset Reallocation: This transaction eliminated Enviri's 7.3% share of Brightline's AUM, reflecting a strategic shift towards concentrating capital in higher-potential investments like Viasat and Constellium to optimize the portfolio.
- Complex Performance Metrics: Despite Enviri's stock price rising 110.2% over the past year, its Q3 revenue was flat at $575 million, with a GAAP loss from continuing operations of $20 million and adjusted EBITDA dropping from $85 million to $74 million, highlighting insufficient operational momentum.
- Guidance Downgrade: Management lowered full-year EBITDA guidance to between $268 million and $278 million, with negative free cash flow expected at $20 million to $30 million, prompting Brightline to lock in gains and mitigate further risks amid declining margins and revised outlook.
Brightline Capital Management Exits Enviri Stake
- Share Sale Details: Brightline Capital Management exited its entire stake in Enviri by selling 1.4 million shares in Q4 2026, resulting in a $17.77 million decline in position value, indicating concerns about the company's future prospects.
- Financial Performance Analysis: Enviri reported $575 million in revenue for Q3, essentially flat year-over-year, while posting a GAAP loss of $20 million from continuing operations and adjusted EBITDA of $74 million, down from $85 million a year earlier, reflecting weakened profitability.
- Market Reaction and Strategic Shift: Despite a 110% increase in Enviri's stock price over the past year, Brightline's exit suggests a strategic pivot towards larger, more promising assets due to declining margins and negative cash flow.
- Investment Advisory Warning: Following Brightline's exit, analysts noted that Enviri was not included in the current list of top 10 recommended stocks, cautioning investors to be wary of investing in companies with uncertain outlooks.
Two Industrial Stocks at Risk of Significant Decline This Quarter
Enviri Corp Overview: Enviri Corp announced a $3.04 billion sale to Veolia and a spin-off of its new business, resulting in a 51% stock gain over the past month, with an RSI of 81.9 indicating overbought conditions.
Costamare Inc Overview: Costamare Inc reported positive quarterly results, leading to a 27% stock increase in the last month, and has an RSI of 81.6, also suggesting overbought status.
Market Performance: Enviri's shares closed at $18.30 after a slight decline, while Costamare's shares rose to $15.82, reflecting positive momentum in their stock prices.
Investment Caution: Both stocks are highlighted as potential warnings for momentum-focused investors due to their high RSI values, indicating they may be overbought.
Halper Sadeh LLC Urges EXAS, NVRI, MRUS Shareholders to Reach Out for Rights Consultation
Investigation of Companies: Halper Sadeh LLC is investigating Exact Sciences Corporation, Enviri Corporation, and Merus N.V. for potential violations of federal securities laws and breaches of fiduciary duties related to their respective sales.
Exact Sciences Sale: Exact Sciences is being sold to Abbott for $105.00 per share in cash, prompting an investigation into the transaction's fairness for shareholders.
Enviri Corporation Sale: Enviri's sale of Clean Earth to Veolia Environnement SA is expected to provide shareholders with cash consideration between $14.50 and $16.50 per share, which is also under scrutiny.
Legal Support for Shareholders: Halper Sadeh LLC offers free consultations to shareholders regarding their legal rights and options, emphasizing that they operate on a contingent fee basis, meaning no upfront legal fees are required.
Stocks Surge as Semiconductor Companies Recover
US Stock Market Performance: The S&P 500, Dow Jones, and Nasdaq 100 indexes closed higher on Friday, driven by a rally in semiconductor stocks and optimism for a potential Fed rate cut, following dovish comments from New York Fed President John Williams.
Economic Indicators: The US manufacturing PMI fell slightly, while consumer sentiment improved, with inflation expectations revised lower, indicating mixed economic signals ahead of upcoming consumer price reports.
Interest Rates and Bonds: The 10-year T-note yield dropped to a three-week low, supported by dovish Fed comments, although some Fed officials expressed caution about further rate cuts, suggesting a complex outlook for monetary policy.
Corporate Earnings and Stock Movements: Q3 earnings reports showed strong performance, with 82% of S&P 500 companies exceeding forecasts, while notable stock movements included gains in home builders and chip makers, contrasted by declines in defense stocks amid geopolitical developments.
Nasdaq Surges by More Than 100 Points as US Consumer Confidence Increases in November
U.S. Stock Market Performance: U.S. stocks saw significant gains, with the Dow Jones up over 500 points, while the S&P 500 and NASDAQ also experienced increases. Health care shares led the sectors with a 2.4% rise.
Notable Stock Movements: Iveda Solutions and Nuvve Holding Corp saw substantial increases of 28% and 42%, respectively, due to strategic partnerships and collaborations, while Elastic N.V. and authID Inc faced declines of 15% and 22% following their earnings announcements.
Commodity Trends: Oil prices fell by 2.3% to $57.65, while gold saw a slight increase of 0.1%. Silver prices dropped by 2%, while copper experienced a minor rise.
Economic Indicators: The University of Michigan's consumer sentiment index rose to 51.0, and the S&P Global composite PMI increased to 54.8, indicating positive economic sentiment, despite a decline in the manufacturing PMI to 51.9.
