The past six months have been transformative for Enviri Corp. (NVRI) stock, largely due to the spin-off of its Harsco Environmental and Harsco Rail businesses and the sale of its Clean Earth segment. On June 1, 2026, Enviri completed the sale of its Clean Earth business to Veolia Environnement S.A. for $3.04 billion, immediately preceded by the spin-off of Harsco Environmental and Harsco Rail as a standalone public company, also named Enviri Corporation (NVRI). Shareholders of the former Enviri received one share of the new Enviri common stock for every three shares held, along with $15.00 per share in cash from the Clean Earth divestiture, a strategic move to create a more focused industrial environmental services and rail infrastructure company. For Q1 2026 (May 11, 2026), Enviri reported revenues of $550 million, a GAAP consolidated loss from continuing operations of $8 million, and adjusted EBITDA of $65 million, with Harsco Environmental revenues increasing by 6% due to FX translation and higher services demand. For Q2 2026 (August 11, 2026), the company reported a GAAP diluted loss per share from continuing operations of $10.70 and an adjusted diluted loss per share of $0.63, with revenues from continuing operations totaling $187 million ($324 million excluding ETO contract exit adjustments), a 2% increase year-over-year. Harsco Environmental showed strong performance with a 3% revenue increase, while Harsco Rail's revenues were essentially unchanged year-over-year when excluding contract exit impacts. On August 10, 2026, Enviri announced the conclusion of engineered-to-order (ETO) contracts with Deutsche Bahn and Network Rail, a strategic decision to eliminate future execution risk and cash outflows related to these loss-making contracts, which included a non-cash impairment and an incremental liability. Enviri Corp's CFO bought 2,946 shares on August 18, 2026. As of October 9, 2026, Enviri has a consensus 'Hold' rating from brokerages, with an average 1-year price objective of $24.50, and some analysts, like BMO Capital Markets, have adjusted their targets to $24.00. In the last year, Enviri's shares have seen a 52-week high of $24.20 and a 52-week low of $15.00, with the stock price increasing by 56.39% over the last 12 months but decreasing by 14.44% in the past month.
