Announcement • May 17
Charah Solutions, Inc. announced delayed 10-Q filing On 05/16/2023, Charah Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jan 23
Charah Solutions Announces Receipt of Market Capitalization Notification Letter from NYSE Charah Solutions, Inc. ("Charah Solutions" or the "Company") received written notice from the New York Stock Exchange ("NYSE") that its total market capitalization is less than $50 million over a 30 trading-day period and its stockholders' equity is less than $50 million, which are the minimum for continued listing on the NYSE. Charah Solutions intends to respond to the NYSE within 45 days of January 13, 2022 with a business plan that is designed to demonstrate compliance with this listing standard within 18 months of receipt of this notice. The NYSE notification does not affect Charah Solutions' ongoing business operations or its Securities and Exchange Commission reporting requirements. The Company remains subject to the conditions set in the Exchange's letter dated December 28, 2022, for noncompliance with the $1.00 over a 30 trading-day average price standard. Following receipt of the Exchange's December 28, 2022 letter, the Company completed a one-for-ten reverse stock split effective on December 29, 2022. Announcement • Dec 31
Charah Solutions, Inc. Announces Receipt of Notification Letter from NYSE Charah Solutions, Inc. received written notice from the New York Stock Exchange ("NYSE") that the average closing price of its common stock over the prior consecutive 30 trading-day period was below $1.00 per share, which is the minimum average share price for continued listing on the NYSE. Charah Solutions intends to respond to the NYSE within ten business days of receipt of the notice with its intent to cure the deficiency. Pursuant to the NYSE's rules, Charah Solutions has a six-month period following receipt of the deficiency letter to bring its closing share price and average closing share price back above $1.00. During the cure period, Charah Solutions' shares of common stock will continue to trade on the NYSE, subject to compliance with other continued listing requirements. The NYSE notification does not affect Charah Solutions' ongoing business operations or its Securities and Exchange Commission reporting requirements. Charah Solutions is considering all available options to regain compliance with the NYSE's continued listing standards, including the consummation of the previously announced reverse stock split. As announced on December 28, 2022, Charah Solutions effected a one-for-ten (1:10) reverse stock split of its common stock, par value $0.01 per share, effective at 5:00 p.m. Eastern Time on December 29, 2022. The reverse stock split, which was authorized by its Board of Directors, was approved by Charah Solutions' stockholders on November 23, 2022. Upon market open on December 30, 2022, Charah Solutions' common stock will continue trading under the symbol "CHRA" on a split-adjusted basis with a new CUSIP number: 15957P 303. Announcement • Nov 16
Charah Solutions, Inc. announced delayed 10-Q filing On 11/15/2022, Charah Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Nov 01
Charah Solutions, Inc. to Report Q3, 2022 Results on Nov 14, 2022 Charah Solutions, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 14, 2022 Announcement • Oct 19
Charah Solutions Appoints Jonathan Batarseh as Chief Financial Officer Charah Solutions, Inc. announced the appointment of Jonathan Batarseh as Chief Financial Officer and Treasurer, effective October 17, 2022. Mr. Batarseh, who will report to Chief Executive Officer and President Scott Sewell, is responsible for overseeing accounting, financial planning and analysis, tax, treasury, investor relations, information technology, fleet, and procurement initiatives. Mr. Batarseh is a licensed Certified Public Accountant with more than 20 years of corporate finance and accounting experience in the engineering and construction industries. He joins Charah Solutions from Brown & Root Industrial Services, a joint venture between KBR and Bernhard Capital Partners, where he was CFO, responsible for overseeing all financial management and reporting, treasury, and information technology and services. Prior, Mr. Batarseh served as Vice President, Tax at KBR and in senior financial leadership roles in various industrial service companies including The Shaw Group and Atkins. He began his career with 10 years at KPMG serving clients in the manufacturing and industrial sectors. Mr. Batarseh received his Bachelor of Science degree in accounting from Louisiana State University and is a member of the Society of Louisiana CPAs and the Tax Executives Institute. Announcement • Sep 17
Charah Solutions, Inc. Announces Resignation of Kenneth Young as Member of the Board of Directors On September 13, 2022, Kenneth Young voluntarily resigned as a member of the Board of Directors (the “Board”) of Charah Solutions, Inc. (the “Company”). Mr. Young’s resignation was to pursue other opportunities and did not result from any disagreements with the Company’s management or the Board. Mr. Young was a Class I director of the Company and also served on the Company’s Compensation Committee. Mr. Young has served as a director since August 2021. Announcement • Aug 18
Charah Solutions, Inc. Lowers Earnings Guidance for the Year 2022 Charah Solutions, Inc. lowered earnings guidance for the year 2022. The company expects revenue for the year to be within a range of $310 million to $340 million, reduced from a range of $325 million to $365 million. Net loss attributable to Charah Solutions is now expected to be between $10 million and $30 million, previously between $8 million and $12 million. Announcement • Aug 17
Charah Solutions, Inc. announced delayed 10-Q filing On 08/16/2022, Charah Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Aug 06
Charah Solutions, Inc. to Report Q2, 2022 Results on Aug 15, 2022 Charah Solutions, Inc. announced that they will report Q2, 2022 results After-Market on Aug 15, 2022 Buying Opportunity • Jun 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €4.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 39% over the last 3 years. Earnings per share has declined by 4.3%. Revenue is forecast to grow by 15% in a year. Earnings is forecast to grow by 39% in the next year. Reported Earnings • May 12
First quarter 2022 earnings released: US$0.43 loss per share (vs US$0.12 loss in 1Q 2021) First quarter 2022 results: US$0.43 loss per share (down from US$0.12 loss in 1Q 2021). Revenue: US$66.1m (up 27% from 1Q 2021). Net loss: US$14.3m (loss widened 308% from 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year. Announcement • May 12
Charah Solutions, Inc. Reaffirms Earnings Guidance for the Year 2022 Charah Solutions, Inc. reaffirmed earnings guidance for the year 2022. For the year, the company reaffirmed the guidance ranges previously given on its Fourth Quarter and Full Year 2021 earnings call. This includes revenue of $325 million to $365 million; net loss attributable to the company of $8 million to $12 million. Announcement • May 06
Charah Solutions, Inc. to Report Q1, 2022 Results on May 10, 2022 Charah Solutions, Inc. announced that they will report Q1, 2022 results After-Market on May 10, 2022 Announcement • May 02
Charah Solutions, Inc., Annual General Meeting, Jun 08, 2022 Charah Solutions, Inc., Annual General Meeting, Jun 08, 2022, at 10:00 US Eastern Standard Time. Agenda: To Election of the two Class I directors nominated by the Board of Directors; to Ratification of the appointment of Deloitte & Touche LLP to serve as the Company's independent registered public accounting firm for fiscal 2022 and to consider other matters. Announcement • Apr 08
Charah Solutions, Inc. (NYSE:CHRA) completed the acquisition of Cheswick Generating Station and Related Facilities from GenOn Holdings, LLC. Charah Solutions, Inc. (NYSE:CHRA) entered into an agreement to acquire Cheswick Generating Station and Related Facilities from GenOn Holdings, LLC in December 2021. The transaction is expected to close in early April 2022.
Charah Solutions, Inc. (NYSE:CHRA) completed the acquisition of Cheswick Generating Station and Related Facilities from GenOn Holdings, LLC on April 6, 2022. Announcement • Apr 06
Charah Solutions, Inc. (NYSE:CHRA) completed the acquisition of 627 MW Avon Lake Generating Station of GenOn Holdings, Inc. Charah Solutions, Inc. (NYSE:CHRA) entered into an agreement to acquire 627 MW Avon Lake Generating Station of GenOn Holdings, Inc in May 2021. GenOn will continue to maintain responsibility for the plant and operate the plant in the normal course of business through closing. The transaction is expected to close in early April 2022 after the plant ceases generation operation. Avison Young acted as a real estate advisory, development, and broker to Charah Solutions. As part of this agreement, Charah Solutions, through its subsidiary Avon Lake Environmental Redevelopment Group, LLC has acquired the 40-acre area located on Lake Erie, which consists of multiple parcels of land adjacent to the retired generating plant, including the generating station, submerged lands lease in Lake Erie, substation/switch gear and transformers, administrative offices and structures, coal rail and storage yard parcels south of Lake Road as well as the interconnection agreement.
Charah Solutions, Inc. (NYSE:CHRA) completed the acquisition of 627 MW Avon Lake Generating Station of GenOn Holdings, Inc on April 4, 2022. Announcement • Apr 03
Charah Solutions, Inc. Provides Earnings Guidance for the Year 2022 Charah Solutions, Inc. provided earnings guidance for the year 2022. For the year, the company expects revenue of $325 million to $365 million and net loss attributable to the company $8 million to $12 million. Reported Earnings • Apr 02
Full year 2021 earnings released: US$0.46 loss per share (vs US$2.32 loss in FY 2020) Full year 2021 results: US$0.46 loss per share (up from US$2.32 loss in FY 2020). Revenue: US$293.2m (up 26% from FY 2020). Net loss: US$14.6m (loss narrowed 79% from FY 2020). Over the next year, revenue is forecast to grow 15%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jan 22
Charah Solutions, Inc. (NYSE:CHRA) entered into an agreement to acquire Cheswick Generating Station and Related Facilities from GenOn Holdings, LLC. Charah Solutions, Inc. (NYSE:CHRA) entered into an agreement to acquire Cheswick Generating Station and Related Facilities from GenOn Holdings, LLC in December 2021. The transaction is expected to close in early April 2022. Reported Earnings • Nov 12
Third quarter 2021 earnings released: US$0.12 loss per share (vs US$0.17 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: US$84.2m (down 29% from 3Q 2020). Net loss: US$3.77m (loss narrowed 28% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2021 earnings released: US$0.14 loss per share (vs US$0.15 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: US$63.5m (down 52% from 2Q 2020). Net loss: US$4.17m (loss narrowed 8.7% from 2Q 2020). Announcement • Jul 20
Charah Solutions, Inc. (NYSE:CHRA) entered into an agreement to acquire 627 MW Avon Lake Generating Station of GenOn Holdings, Inc. Charah Solutions, Inc. (NYSE:CHRA) entered into an agreement to acquire 627 MW Avon Lake Generating Station of GenOn Holdings, Inc in May 2021. GenOn will continue to maintain responsibility for the plant and operate the plant in the normal course of business through closing. The transaction is expected to close in early April 2022 after the plant ceases generation operation. Avison Young acted as a real estate advisory, development, and broker to Charah Solutions. Reported Earnings • May 16
First quarter 2021 earnings released: US$0.12 loss per share (vs US$0.59 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$52.1m (up 1.6% from 1Q 2020). Net loss: US$3.50m (loss narrowed 80% from 1Q 2020). Announcement • May 14
Charah Solutions, Inc. Provides Earnings Guidance for the Full Year 2021 Charah Solutions, Inc. provided earnings guidance for the full year 2021. For the period, the company's Revenue is $260 - $300 million. Net loss attributable to the company negative $5 - $0 million. Reported Earnings • Mar 27
Full year 2020 earnings released: US$2.32 loss per share (vs US$1.67 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$232.4m (down 5.0% from FY 2019). Net loss: US$69.3m (loss widened 41% from FY 2019). Announcement • Feb 24
Charah Solutions, Inc. Wins 5-Year Ash Marketing Contract by NV Energy for Beneficial Use of Production Fly Ash Charah Solutions, Inc. announced that it has been awarded a 5-year ash marketing contract by NV Energy for the utilization of fly ash from the North Valmy Generating Station located near Valmy, NV. North Valmy Generating Station is a 522-megawatt coal-fueled, steam electric generating station with two operating units. The plant and complex are jointly owned (50/50) by NV Energy and Idaho Power. As part of this agreement, Charah Solutions will be responsible for the sales and marketing of production fly ash from this facility for beneficial use through 2025. The fly ash will be shipped to regional markets to supply the growing demand in the ready mix concrete market. The specification grade fly ash will replace Portland cement in the production of ready mix concrete and concrete products. With the increasing focus on CO2 emissions and reduction of greenhouse gases, more states, regulatory authorities and concrete producers are realizing the environmental benefit of substituting fly ash for Portland cement. Utilizing recycled fly ash as a substitute for energy-intensive Portland cement results in a reduction in CO2 emissions. Recycled fly ash also results in cost savings versus Portland cement for ready mix producers.
The fly ash will be distributed through Charah Solutions' MultiSource® materials network, a unique distribution system of more than 40 nationwide locations which provides a continuous and reliable supply of supplementary cementitious materials (SCMs) for cement and concrete producers as well as other customers who beneficially reuse the products. Is New 90 Day High Low • Feb 21
New 90-day high: €3.82 The company is up 55% from its price of €2.46 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.13 per share. Announcement • Feb 12
Charah Solutions, Inc. (NYSE:CHRA) acquired Gibbons Creek Steam Electric Station and Reservoir of Texas Municipal Power Agency in Grimes County, Texas Charah Solutions, Inc. (NYSE:CHRA) agreed to acquire Gibbons Creek Steam Electric Station and Reservoir of Texas Municipal Power Agency in Grimes County, Texas in January, 2021. The transaction was approved by the TMPA board and four member cities in a series of board meetings and city council meetings held throughout January.
Charah Solutions, Inc. (NYSE:CHRA) completed the acquisition of Gibbons Creek Steam Electric Station and Reservoir of Texas Municipal Power Agency in Grimes County, Texas on February 11, 2021. Announcement • Jan 28
Charah Solutions, Inc.(NYSE:CHRA) dropped from Russell 2000 Dynamic Index Charah Solutions, Inc.(NYSE:CHRA) dropped from Russell 2000 Dynamic Index Is New 90 Day High Low • Jan 06
New 90-day low: €2.22 The company is down 15% from its price of €2.62 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.32 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 1.1%, compared to a 1.6% growth forecast for the Commercial Services industry in Germany. Reported Earnings • Nov 11
Third quarter 2020 earnings released: US$0.17 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$118.7m (down 2.0% from 3Q 2019). Net loss: US$5.24m (loss widened 58% from 3Q 2019). Announcement • Jul 04
Charah Solutions, Inc.(NYSE:CHRA) dropped from Russell 2000 Dynamic Index Charah Solutions, Inc.(NYSE:CHRA) dropped from Russell 2000 Dynamic Index Announcement • Jul 03
Charah Solutions, Inc.(NYSE:CHRA) dropped from Russell Small Cap Completeness Index Charah Solutions, Inc.(NYSE:CHRA) dropped from Russell Small Cap Completeness Index