10 Best Waste Management Stocks to Buy According to Analysts

2. Enviri Corporation (NYSE:NVRI)

Market cap as of November 22, 2024: $572.17 Million

Number of Hedge Fund Holders: 23

Stock Upside Potential: 124.09%

Enviri Corporation (NYSE:NVRI) provides environmental solutions for industrial and specialty waste streams. Its Clean Earth segment provides specialty waste processing, treatment, recycling, and beneficial reuse solutions for waste needs, such as hazardous, non-hazardous, and contaminated soils and dredged materials.

The waste management company delivered mixed second-quarter results on October 31, 2024, with revenues coming in at $574 million, supported by 1% organic growth. The company also achieved $37 million in operating income and $85 million in adjusted earnings, up 3% year over year. Nevertheless, it also posted a diluted net loss of $0.01 a share, hurt by the impact of the Reed Minerals sale.

On the other hand, its clean air segment emerged as a bright spot in achieving record quarterly profits and margins driven by increased pricing and efficiency improvements. Enviri Corporation (NYSE:NVRI) has achieved enhanced financial flexibility by exceeding its asset sales target with the sale of Reed Minerals. Management is projecting enhanced cash flow increases that can increase shareholder value over time.