Welcome to our dedicated page for CHRA news (Ticker: CHRA), a resource for investors and traders seeking the latest updates and insights on CHRA stock.
Charah Solutions, Inc., based in Louisville, Kentucky, stands as a prominent provider of environmental and maintenance services tailored for the power generation industry. With operations spanning coal-fired and nuclear power generation sites nationwide, Charah Solutions boasts over 35 years of experience in tackling the industry's most complex environmental challenges.
As an industry leader in quality, safety, and compliance, Charah Solutions is committed to sustainability and reducing greenhouse gas emissions, striving for a cleaner energy future. The Company offers a comprehensive suite of services that include managing and recycling ash byproducts produced from coal combustion, ash pond management and closure, landfill construction, structural fill projects, power plant remediation, and site redevelopment.
Recently, Charah Solutions has expanded its portfolio through the acquisition by funds managed by SER Capital Partners. This strategic move aligns with both companies' commitment to sustainable investments and innovative environmental solutions. The acquisition, completed on July 13, 2023, positions Charah Solutions for a new chapter of growth and success, supported by SER's extensive utility industry experience and strategic resources.
Under the leadership of President and CEO Jonathan Batarseh, Charah Solutions continues to build on its reputation as the partner of choice for solving environmental challenges. The Company’s dedicated team of nearly 600 employees works tirelessly to serve its many customers, ensuring sustainable management and recycling practices.
In addition to environmental services, Charah Solutions remains financially robust, adhering to the terms of its 8.50% Senior Notes due August 31, 2026, and maintaining a solid financial foundation under the guidance of newly appointed CFO Tony Tomljanovic, effective June 3, 2024. With over 30 years of financial expertise, Tomljanovic is expected to steer the company towards optimized operational efficiency and sustainable growth.
With a steadfast commitment to innovation and sustainability, Charah Solutions is poised to continue delivering advanced environmental solutions, contributing to a sustainable future for the power generation industry and beyond.
Charah Solutions, Inc. (NYSE:CHRA) commends the Infrastructure Investment and Jobs Act signed by President Biden, promoting the use of recycled fly ash in Green Concrete, a more sustainable alternative to Portland cement. This initiative addresses the U.S. infrastructure needs while reducing landfill waste and CO2 emissions. Charah Solutions emphasizes its commitment to environmental sustainability, having recycled 2.58 million tons of coal combustion residuals in 2020. The legislation allocates $110 billion for infrastructure repairs, marking a significant investment in America's roads and bridges.
Charah Solutions (NYSE:CHRA) announced that CFO Roger Shannon will present at the Southwest IDEAS Investor Conference on November 18, 2021, at 9:30 am CT in Dallas, TX. The live webcast can be accessed through both the conference's site and Charah's investor relations page. This event is part of a series designed to connect companies with investment professionals, emphasizing investor-sponsored presentations.
Charah provides critical environmental services in the power generation sector, focusing on coal combustion byproduct management and sustainability initiatives.
Charah Solutions, Inc. (CHRA) reported a year-to-date record of $805 million in new business awards, surpassing 2020's $715 million. Despite a net loss of $3.8 million for Q3 and $13.7 million year-to-date, the company anticipates being in the upper half of guidance ranges for 2021, driven by increased revenues of $84.2 million in Q3, up 33.3% YoY. Significant debt refinancing enhances financial flexibility. New credit agreements include a $30 million revolving credit facility, emphasizing ESG metrics for favorable terms.
Charah Solutions (NYSE: CHRA) has secured a five-year contract with Associated Electric Cooperative Inc. for the recycling of approximately 150,000 tons of byproducts annually from the Thomas Hill Energy Center, a 1,153-megawatt coal-fired facility. The deal, which runs through 2026, focuses on sustainable management of fly ash, bottom ash, and boiler slag. By utilizing Charah's MultiSource materials network, these byproducts will be beneficially used in the concrete industry, enhancing sustainability while reducing landfill waste and carbon emissions.
Charah Solutions (NYSE:CHRA) will host a conference call on November 11, 2021, at 8:30 a.m. ET to discuss its Q3 2021 financial results. Interested participants can register via a provided link using conference ID 7580579. A webcast will be available on the company's website post-call, along with an audio replay for a week. Charah Solutions specializes in environmental services, aiding in the management and recycling of ash byproducts from coal combustion. The company aims to reduce greenhouse gas emissions as part of its commitment to a cleaner energy future.
Charah Solutions (NYSE:CHRA) has announced a five-year contract with Associated Electric Cooperative Inc. for the sustainable recycling of approximately 150,000 tons of fly ash, bottom ash, and boiler slag annually from the Thomas Hill Energy Center. This partnership aims to provide high-quality materials for the concrete industry, enhancing sustainability and reducing carbon footprint. The byproducts will be distributed through Charah's MultiSource materials network, primarily within a 200-mile radius of the plant, running through 2026.
Charah Solutions (NYSE:CHRA) has been awarded contracts for three ash pond projects by a long-term Southeastern utility partner. The contracts involve site clearing, road construction, ash stabilization, excavation, and relocation of coal combustion residuals from ash ponds. Work commenced in fall 2021 and includes the construction of haul roads and stabilization of ash basins. Charah Solutions aims to leverage its extensive experience in environmental services to meet regulatory and technical requirements, potentially paving the way for further projects in the future.
Charah Solutions (NYSE:CHRA) announced on September 15, 2021, that it received seven safety awards from the North Carolina Department of Labor for its outstanding employee safety record in 2020. This marks the ninth consecutive year that the company has been recognized for its safety performance. Key achievements include Gold-level Certificates of Safety Achievement for all sites, a Total Recordable Incident Rate (TRIR) of 0.36, and no lost time injuries. The awards highlight Charah's commitment to maintaining high safety standards in the power generation industry.
FAQ
What is the market cap of CHRA (CHRA)?
What services does Charah Solutions, Inc. provide?
Where is Charah Solutions, Inc. headquartered?
What recent acquisitions have Charah Solutions completed?
Who is the current CEO of Charah Solutions, Inc.?
What are the financial obligations of Charah Solutions, Inc.?
What is the focus of SER Capital Partners?
Who is the new CFO of Charah Solutions, Inc.?
How does Charah Solutions contribute to sustainability?
How many employees does Charah Solutions, Inc. have?
What is Charah Solutions, Inc.'s approach to environmental challenges?
