MaireTecnimont’s NEXTCHEM and newcleo Form Joint Venture for Advanced Nuclear Technology

An announcement from MaireTecnimont SpA ( (IT:MAIRE) ) is now available.

MaireTecnimont’s subsidiary, NEXTCHEM, and newcleo SA have formed a joint venture, Nextcleo S.p.A., to advance the development of next-generation nuclear plants using newcleo’s advanced modular reactor technology. This partnership aims to integrate nuclear energy into the grid and chemical districts, supporting decarbonization efforts. The agreement positions TECNIMONT as a preferred supplier and leverages both companies’ expertise to create innovative solutions in nuclear technology. The collaboration is expected to have significant implications for the nuclear energy sector, with plans for a prototype in Italy by 2026 and a commercial reactor in France by 2031.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

More about MaireTecnimont SpA

MaireTecnimont S.p.A. is a company operating in the engineering and construction industry, focusing on the chemical, petrochemical, and energy sectors. Its subsidiary, NEXTCHEM, specializes in developing technologies aimed at decarbonizing the chemical industry through low-carbon emissions and synthetic fuels.

Average Trading Volume: 1,018,926

Technical Sentiment Signal: Buy

Current Market Cap: €3.64B

Find detailed analytics on MAIRE stock on TipRanks’ Stock Analysis page.