Morningstar Rating

Stock Research and Analysis

by Barbara Noverini

Bulls Say

As environmental regulation makes compliance more cumbersome and expensive, the appetite for outsourcing hazardous waste management will likely grow.
Clean Harbors is geographically positioned to benefit from project spending in areas rich with natural resources, such as the Marcellus and Bakken shale plays.
Clean Harbors should benefit in the near term as North American industrial production recovers and hazardous waste volumes increase. Read more 

Bears Say

Loss of a major project contract always remains a risk in any of the company's three services segments.
Mobile workforce deployment is costly, fraught with safety risks, and ultimately drains profits from Clean Harbors' core disposal business.
The company primarily serves customers in cyclically sensitive sectors, such as energy, manufacturing, and industrials. Read more 


Alan McKim has been CEO, chairman, and president since the company's inception in 1980. Under his watch, the company grew from its legacy hazardous waste disposal business into a multibillion-dollar firm offering a variety of specialized disposal and   Read more 


Clean Harbors' disposal assets include incinerators, landfills, and transfer stations, which together represent one of the largest integrated hazardous waste disposal networks   Read more 

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