Why Is CLEAN HBRS INC (CLH) Stock Up Today?

Clean Harbors Inc. (CLH) surged 9.79% to $333.66 in early trading on July 29, 2026, driven by the release of its second-quarter 2026 earnings results and a wave of positive analyst activity. The company filed a Form 8-K disclosing its financial results and related filings, while multiple analysts raised price targets and reaffirmed buy ratings. The stock opened at $303.97 and reached a session high of $335.94 shortly after 9:40 AM ET.

What Happened

Clean Harbors announced preliminary second-quarter 2026 results through a Form 8-K filed with the SEC. The filing includes details on the company’s operations and financial condition, with full financial statements and exhibits provided under Item 9.01. The results exceeded expectations, with earnings per share of $3.22 surpassing the $2.77 estimate and revenue of $1.735 billion exceeding the $1.641 billion forecast.

In response to the strong results, B of A Securities initiated coverage with a Buy rating and a $360 price target. Truist Securities and Citigroup also raised their price targets to $350 and $349 respectively, while maintaining Buy ratings. Additionally, Clean Harbors announced the appointment of Robert Willett as Chairman of the Board, effective immediately. These developments have generated significant investor interest and contributed to the stock’s sharp rise.

What The Data Shows

The stock’s intraday session showed strong momentum, with volume reaching 0.1 million shares, equal to the 3-month daily average. The price climbed from a morning low of $303.66 to a high of $335.94 within the first two hours of trading. Clean Harbors has a market cap of $15.9 billion, a P/E ratio of 41.1, and a 52-week range of $201.34 to $316.98. Recent insider transactions include a $136,000 buy and a $226,000 sell, while a member of Congress, April McClain Delaney, has made multiple trades in the stock over the past 90 days.

What To Watch

Clean Harbors has no further scheduled earnings in the near term. Investors should monitor the breadth of analyst coverage and any follow-up commentary from the firm’s recent initiations and upgrades.