Enviri Corporation is a waste management company with a market cap below the $1 billion investable threshold, mixed earnings history, a very low quality score of 1.6/10, and a high put/call ratio of 2.67, making it unsuitable for the core investment universe at this time.
Thesis pillars
- Sub 1b Market Cap Investability↑Improving
- Weak Quality And No Moat→Stable
- Elevated Put Call Bearish Positioning↑Improving
- +1 more pillar — see the Why tab for full reasoning
Enviri Corporation (NVRI) Stock Analysis
Range Bound setup
Industrials · Waste Management
Sell if holding. Engine safety override at $22.72: Quality below floor (1.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: Below-average business quality.
Enviri Corporation is a global provider of environmental services (Harsco Environmental, serving the metals industry, and Clean Earth, providing specialty waste treatment) and rail maintenance equipment (Harsco Rail), though on November 20, 2025 it agreed to sell the Clean Earth... Read more
Sell if holding. Engine safety override at $22.72: Quality below floor (1.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: Below-average business quality. Chart setup: RSI 45 mid-range, Bollinger mid-band. Score 4.7/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 17d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Enviri Corporation
About Enviri Corporation
Enviri Corporation agreed on November 20, 2025 to sell its Clean Earth specialty-waste segment to Veolia Environnement for more than $3 billion while distributing its Harsco Environmental and Harsco Rail segments into a new standalone public company, New Enviri, with the transactions expected to close by August 20, 2026 (extendable to November 20, 2026). Harsco Environmental's long-term service contracts carried $3.0 billion in estimated future revenues as of December 31, 2025, while Harsco Rail held a $208.7 million order backlog, including $101.5 million tied to the Network Rail, Deutsche Bahn and SBB contracts.
Harsco Environmental generates revenue primarily from long-term, on-site contracts with the largest steel producers, including ArcelorMittal, Gerdau, JSW Steel, Ternium and SSAB, recovering metal from slag waste and converting residual material into road-surfacing, agricultural and cement additive ecoproducts that made up about 7 percent of segment revenue in 2025. Clean Earth processes hazardous waste, contaminated soil and dredged material for industrial, healthcare and government customers across 19 RCRA Part B permitted facilities, while Harsco Rail manufactures track maintenance equipment, aftermarket parts and contracting services for more than 125 railways, with 43 percent of Rail's 2025 revenue generated outside North America.
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Enviri's top five customers in Harsco Environmental accounted for approximately 37 percent of that segment's 2025 revenue, or 17 percent of consolidated revenue, while the top five Clean Earth customers represented 12 percent of consolidated revenue, concentrations the 10-K says expose results to customer bankruptcy or contract disputes that could span multiple regions under a single agreement. Harsco Rail has also recognized estimated forward loss provisions on its long-term fixed-price contracts of $30.3 million in 2025, $32.7 million in 2024 and $32.8 million in 2023, driven partly by the bankruptcy of a key European vendor and rising engineering and labor costs.
See also: Industrials · Waste Management
From Enviri Corporation's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-24Recent Developments — Enviri Corporation
Latest news
- NEWS Universal Technical Institute And Peloton Interactive Set to Join S&P SmallCap 600 Effective On May 27, 2026; Universal — benzinga May 21, 2026 neutral
- NEWS Enviri Expects Closing Of Clean Earth Sale And Spin-Off Of Harsco Environmental And Rail On June 1, 2026; Shareholders T — benzinga May 20, 2026 positive
- NEWS BMO Capital Maintains Market Perform on Enviri, Raises Price Target to $19.5 — benzinga May 12, 2026 positive
- NEWS Enviri Q1 Adj. EPS $0.10 Beats $(0.29) Estimate, Sales $550.000M Beat $546.250M Estimate — benzinga May 11, 2026 positive
- NEWS Earnings Scheduled For May 11, 2026 — benzinga May 11, 2026 neutral
Generated 2026-07-25T15:12:18Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomertop five customers (Harsco Environmental segment)17%10-K Item 1A: 'For the year ended December 31, 2025, the Company's top five customers in HE accounted for approximately 37% of revenues in that Segment and 17% of the Company's consolidated revenues.'
- LOWCustomertop five customers (Clean Earth segment)12%10-K Item 1A: 'For the year ended December 31, 2025, the Company's top five customers in CE accounted for approximately 27% of the revenues in that Segment and 12% of the Company's consolidated revenues.'
Material Events(8-K, last 90d)
- 2026-06-01Item 5.01HIGHEnviri completed its Separation and Merger transactions with Veolia on June 1, 2026: Enviri merged into Enviri LLC, which sold the Clean Earth business to Veolia for over $3 billion, while distributing Harsco Environmental and Harsco Rail into new standalone public company New Enviri, a change-of-control restructuring.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Unprofitable operations — net margin -7.5%. Quality floor flags this regardless of sector context.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $22.72: Quality below floor (1.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: Below-average business quality. Chart setup: RSI 45 mid-range, Bollinger mid-band. Prior stop was $21.01. Score 4.7/10, moderate confidence.
Take-profit target: $23.09 (-21.0% upside). Prior stop was $21.01. Stop-loss: $21.01.
Target reached (-21.0% upside); Quality below floor (1.7 < 4.0).
Enviri Corporation trades at a P/E of N/A (forward 4506.0). TrendMatrix value score: 5.3/10. Verdict: Sell.
9 analysts cover NVRI with a consensus score of 4.0/5. Average price target: $21.
What does Enviri Corporation do?Enviri Corporation is a global provider of environmental services (Harsco Environmental, serving the metals industry,...
Enviri Corporation is a global provider of environmental services (Harsco Environmental, serving the metals industry, and Clean Earth, providing specialty waste treatment) and rail maintenance equipment (Harsco Rail), though on November 20, 2025 it agreed to sell the Clean Earth segment to Veolia for over $3 billion while spinning off Harsco Environmental and Harsco Rail into a new standalone company, New Enviri. In 2025, the top five customers in Harsco Environmental accounted for 17% of consolidated revenue and the top five Clean Earth customers accounted for 12%, with Harsco Environmental's