Perma-Fix Investor Deck Maps Hanford Revenue Ramp to $70.9M Run Rate by 2028
PESI has more than doubled off its 52-week low of $8.58 on light trading volume (0.4× avg).
Summary
Perma-Fix's updated investor deck quantifies the Hanford revenue opportunity: a projected $70.9M annual run rate by 2028 from 200 East grouting and DFLAW waste, with 200 West upside of $30M-$120M. No task orders have been issued yet, but the permit expansion to support this is already in motion.
Key Events · Earnings and Guidance · PESI
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Hanford Revenue Build Quantified
Management projects a 2028 run rate of $70.9M from 200 East grouting ($26.6M initial, $62.4M with AMPS upgrade) plus DFLAW EMF ($7.1M) and dry waste ($1.4M).
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200 West Upside Scenarios
Illustrative 2029-2030 revenue ranges from $30.0M at 25% volume share to $120.0M at 100% share, based on management assumptions with no task orders issued to date.
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Permit Expansion Underway
PFNW permit modification submitted to Washington State Ecology to expand grouting capacity to over 10M gallons/year, targeting Q2 2027; in-building storage expansion to 800,000 gallons expected Q3 2027.
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No Task Orders Yet
The $4.4B H2C Master IDIQ Subcontract awarded August 2026 has task orders eligible 2027-2041, but none have been issued — all revenue projections remain management estimates.
Analysis · PESI · Energy & Transportation
The September 2026 investor presentation puts hard numbers on the Hanford opportunity for the first time. Management projects a 2028 revenue run rate of $70.9 million from the 200 East grouting and DFLAW waste streams alone — a figure that would more than double the company's current ~$52 million annualized revenue base. The presentation also quantifies the 200 West upside at $30 million to $120 million annually depending on volume share, and confirms the PFNW permit modification to expand grouting capacity to over 10 million gallons per year is already submitted with a Q2 2027 target. These are management assumptions, not contracted task orders — no task orders have been issued under the $4.4 billion H2C Master IDIQ — but the specificity of the revenue build gives investors a concrete framework for sizing the opportunity that was previously only described qualitatively.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1609 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PESI was trading at $17.74 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $367.9M. The 52-week trading range was $8.58 to $21.32. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.