PyroGenesis Reports Strong Financial Growth and Strategic Advances in 2024

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PyroGenesis Reports Strong Financial Growth and Strategic Advances in 2024

PyroGenesis Canada ( (TSE:PYR) ) has issued an announcement.

PyroGenesis reported a 40% increase in quarterly revenue and a 27% rise in full-year revenue for 2024, alongside a significant improvement in net income and EBITDA. The company enters 2025 with a strong order backlog and key projects in the energy transition sector, positioning itself as a crucial player in industrial energy grid infrastructure expansion. Recent contracts, including a significant deal with Norsk Hydro ASA, underscore PyroGenesis’ growing influence and potential for continued growth in the aluminum and renewable energy sectors.

More about PyroGenesis Canada

PyroGenesis Inc. is a high-tech company based in Montreal that specializes in designing, developing, manufacturing, and commercializing all-electric plasma processes and sustainable solutions. The company focuses on supporting heavy industries in their energy transition, emission reduction, commodity security, and waste remediation efforts.

YTD Price Performance: -13.11%

Average Trading Volume: 62,576

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$98.94M

See more insights into PYR stock on TipRanks’ Stock Analysis page.

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