Enviri (NVRI) Shares Surge 7.58% as Investor Confidence Rebounds Post-Q3 Losses

The share price rose to its highest level so far this month today, with an intraday gain of 7.58%.

Enviri (NVRI) has seen a rebound in investor confidence after a recent two-day rally lifted the stock 10.99% since November 10. The surge follows a sharp decline in the third quarter, during which the company reported a $22.31 million net loss and cut its full-year earnings guidance. The revised 2025 Adjusted EBITDA forecast of $268–$278 million reflects persistent operational challenges, particularly in its Harsco Rail and Harsco Environmental segments. Management attributed the underperformance to supply chain bottlenecks, weak demand for rail equipment, and rising input costs, though it emphasized ongoing efforts to address inefficiencies.

Analysts highlight the strategic review of the Clean Earth hazardous waste division as a key catalyst for future value. While the unit posted strong Q3 results, including a 17% margin and $30 million in free cash flow, uncertainty remains about the timeline for a potential divestiture. A 15-year contract with Jindal Stainless, a major steel producer, has provided some optimism for the Harsco Environmental segment, which generates most of Enviri’s revenue. However, the company’s financial flexibility is constrained by $82.5 million in first-half interest expenses and projected 2025 free cash flow deficits of $20–$30 million. Investors will closely watch whether the Clean Earth sale materializes by year-end to stabilize the balance sheet and fund strategic initiatives.