Dec. 23 at 1:22 PM
$PESI don't see them EPS profitable for at least a couple more quarters as Hanford ramps slowly. Expect another possible test of the
$9-
$10 per share range. Nothin happens "in size" until the back half of 2026/early 2027. It also probably takes any potential PFAS-related work that long to gain more traction as well. The 2026 election will dominate most of next year, and incremental federal spending decisions will take a back seat.
$9-
$10 per share on the lower end and mid teens$ on the upper end for 2026 looks like the best-guess price range . Agnostic on the covering analyst estimate of
$0.33 per share for 2026. Just as likely to be lowered again as raised. 2026 likely to be another "transitional" year, waiting for a better pay-off in 2027. 50:50 that the company does another equity placement during 2026.
