Charah Solutions Inc. (NYSE:CHRA) is a Louisville, Kentucky-based provider of environmental services to the power generation industry, assisting utilities and independent power producers in the sustainable management and recycling of ash byproducts generated from the combustion of coal in the production of electricity.
Although the company is now celebrating its 35th anniversary, it currently finds itself in the proverbial right place at the right time. Last month, the U.S. Environmental Protection Agency announced it would begin placing a more aggressive oversight on toxic coal ash, including its first-ever enforcement of the Disposal of Coal Combustion Residuals from Electric Utilities (Final Rule) for coal ash and groundwater management from coal-fired power plants that was enacted in April 2015.
