PyroGenesis Teams with U.S. Defense Contractor on Syrian Chemical Weapons Destruction Bids

An announcement from PyroGenesis Canada ( (TSE:PYR) ) is now available.

PyroGenesis has signed an agreement with the national security and defense division of a major U.S. multinational engineering and infrastructure group to jointly pursue contracts for the destruction of remaining chemical weapons stockpiles in and around Syria. Under the partnership, the companies plan to bid on 2026 tenders under which PyroGenesis would supply its DARPA-funded PACWADS plasma systems, along with engineering, training and after-sales support, to eliminate warfare agents such as sarin, mustard gas, soman and VX at multiple sites. The initiative positions PyroGenesis to expand its defense-sector footprint by applying its mobile, high-efficiency chemical weapons destruction technology to a high-profile disarmament effort aligned with international treaty obligations and ongoing efforts to prevent weapons of mass destruction from reaching hostile actors.

The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.32 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., listed on the TSX, OTCQX and Frankfurt exchanges, is a Montreal-based engineering company specializing in ultra-high temperature plasma processes for heavy industry and defense markets. The company develops and supplies plasma-based systems, including its PACWADS (Plasma Arc Chemical Warfare Agent Destruction System), designed to safely destroy hazardous chemical and biological agents in challenging, often conflict-zone environments.

Average Trading Volume: 259,210

Technical Sentiment Signal: Sell

Current Market Cap: C$59.63M

For detailed information about PYR stock, go to TipRanks’ Stock Analysis page.