Long Cast Advisers, in its Q2 2026 investor letter, highlighted Perma-Fix Environmental Services as a top contributor, noting that the company's strong backlog growth overshadows continued weak profitability. The firm pointed to expanding processing at the Hanford site and the potential for significantly more waste volumes if a decision is made to grout up to 9 million gallons of low-level tank waste by 2030. Perma-Fix recently preannounced second-quarter earnings indicating the weak profitability but robust backlog expansion. The stock closed at $18.08 per share on August 7, 2026, with a market capitalization of $383.36 million, and has gained 50% over the past 52 weeks.
Perma-Fix Environmental Svcs IncStrong backlog growth and potential for more waste volumes at Hanford site despite weak profitability.
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