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

Clean Harbors (CLH) stock is moving higher in early trading on Wednesday following the release of second-quarter 2026 results that exceeded expectations and prompted analyst upgrades. The company reported earnings per share of $3.22, beating the estimated $2.77, and revenue of $1.735 billion, surpassing the forecast of $1.641 billion. The strong performance led to a raised 2026 adjusted EBITDA outlook to $1.35 billion to $1.41 billion, with a long-term goal of $200 million in data center revenue by 2028.

What Happened

Clean Harbors announced its Q2 2026 financial results on July 29, 2026, with the company disclosing the details in a Form 8-K filing. The results included record EBITDA and free cash flow, as well as the announcement of a $600 million contract and a pending ES&H deal. The company also highlighted its data center growth strategy as a key area of focus. In response to the strong performance, analysts from Oppenheimer, BofA, and Needham raised their price targets for Clean Harbors stock. Oppenheimer cited a guidance beat, BofA pointed to strong margins, and Needham noted the impressive Q2 results as the basis for their upgrades.

What The Data Shows

Clean Harbors stock opened at $330.00, a 1.1% gap up from the prior close of $326.34. The session has seen a high of $330.00 and a low of $324.10, with the last price at $325.07. Trading volume has been light so far, at 0.0M shares, which is 0.0x the 3-month daily average. The stock is currently trading within its 52-week range of $201.34 to $335.94. The company has a market cap of $16.0B, a P/E ratio of 44.1, and a net margin of 6.5%. Recent insider transactions include a sale by director Lauren on May 26 and a purchase by director Polito on May 11. Congressional trades include several small buys and sells by April McClain Delaney in early May and February.

What To Watch

Clean Harbors has no scheduled earnings date in the near term. Investors should monitor the breadth of analyst coverage and any further upgrades or downgrades in the coming days.