PyroGenesis Delivers Record 4.5 MW Plasma Torch to Major U.S. Aeronautics and Defense Client

PyroGenesis Canada ( (TSE:PYR) ) just unveiled an update.

PyroGenesis has successfully delivered a 4.5 MW plasma torch system, including peripherals, to a U.S. aeronautics and defense customer that acts as a key prime contractor and innovation hub for the U.S. government and related industries. The roughly $4.13 million contract has reached a major milestone with delivery of the torch to the client’s facility, triggering $1 million in invoicing, with installation, startup, and testing to commence once remaining components and power supply arrive in the coming weeks. Management highlighted that this 4.5 MW unit, a significant step up from the company’s earlier 900 kW and 2.5 MW platforms, marks a notable advance in its technical capabilities and supports its strategic positioning in high-demand aerospace and defense applications. The achievement also sets the stage for a planned four-fold scale-up to a 20 MW plasma torch for the same client, which PyroGenesis says is expected to be the largest commercially produced plasma torch to date, reinforcing the company’s role as a leading provider of high-power plasma solutions in heavy industry and defense markets.

The most recent analyst rating on (TSE:PYR) stock is a Sell with a C$0.25 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.

Spark’s Take on TSE:PYR Stock

According to Spark, TipRanks’ AI Analyst, TSE:PYR is a Neutral.

PyroGenesis Canada faces significant financial challenges, which heavily impact its overall score. The earnings call provides some positive insights with a strong backlog and strategic initiatives, but these are offset by declining revenues and profitability. Technical analysis shows mixed signals, and the valuation is unattractive due to negative earnings. These factors collectively result in a low overall stock score.

To see Spark’s full report on TSE:PYR stock, click here.

More about PyroGenesis Canada

PyroGenesis Inc. is a Montreal-based engineering company specializing in ultra-high temperature plasma technologies and advanced process solutions for heavy industry and defense. Leveraging 35 years of plasma technology leadership, the company develops systems for energy, propulsion, process heating, emissions control, waste destruction, and materials development, serving global customers in aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government sectors. Its operations are ISO 9001:2015 and AS9100D certified, and its shares are listed on the TSX, OTCQX, and Frankfurt exchanges.

Average Trading Volume: 275,941

Technical Sentiment Signal: Sell

Current Market Cap: C$49.6M

See more data about PYR stock on TipRanks’ Stock Analysis page.