Clean Harbors, Inc. (CLH) - Stock Analysis
Last updated: Jun 7, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Stronger-than-expected Q4 results, an accretive $130M Depot Connect acquisition announced 2026-02-19, and solid cash generation have driven a short-term breakout (~8% over a month, above the 21-day SMA); upcoming investor commentary (e.g., 3/3 conference) can reinforce the move for further near-term gains.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Profitability ⢠Cash Flow ⢠Leverage CLH posted solid full-year profitability and cash generation, but higher leverage, weaker recent-quarter cash flow, and an expensive valuation leave the stock looking fundamentally sound yet financially stretched.
Price Behavior
Key Price Behavior Insights: ⢠Base building ⢠Resistance cap ⢠Support watch Support Level: $280 / $276 Resistance Level: $287-$291 CLH has been range-bound over the last month, rebounding from near $276 but still facing resistance around $287-$291 after a sharp pullback from $308.40, with $280/$276 as the key support to watch.
Sentiment & News
Key News Insights: ⢠Earnings Momentum ⢠Portfolio Expansion ⢠Leadership Transition Clean Harbors is seeing improving earnings momentum with stronger Q1 results and a raised outlook, while acquisitions and investor outreach support longer-term growth despite a mixed stock reaction.
AI Summary
Clean Harbors has shifted from a defensive waste-services name to a âprove-itâ compounder, where the stock's upside now depends on turning solid earnings and Terra Nova into durable free cash flow despite higher leverage and a recent cash-conversion stumble, making executionânot just industry defensivenessâthe key investment test.
Description
Clean Harbors, Inc. is a North American provider of environmental and industrial services organized into Environmental Services and Safety-Kleen Sustainability Solutions segments. The Environmental Services business handles the collection, transport, treatment and disposal of hazardous and non-hazardous wastes and delivers industrial maintenance, field services and laboratory chemical management. The Safety-Kleen unit supplies parts-washing and cleaning products, manages containerized waste pickup, vacuum and used-oil services, and produces and distributes lubricants and contract-blended fluids; the company was incorporated in 1980 and is based in Norwell, Massachusetts.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Feb 19 | Feb 26 | CLH | Clean Harbors, Inc. | Stronger-than-expected Q4 results, an accretive $130M Depot Connect acquisition announced 2026-02-19, and solid cash generation have driven a short-term breakout (~8% over a month, above the 21-day SMA); upcoming investor commentary (e.g., 3/3 conference) can reinforce the move for further near-term gains. | Closed | +4.0% |