TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Pyrum Innovations AG ( (DE:PYR) ).
Pyrum Innovations AG is set to break ground on its largest recycling plant in Perl-Besch, which will significantly increase its capacity to recycle over 22,000 tonnes of tyres annually. The strategically located plant is expected to commence operations in 2027, with financing supported by BASF and a major European bank. This expansion is anticipated to enhance Pyrum’s market position and support its project pipeline rollout.
The most recent analyst rating on (DE:PYR) stock is a Buy with a NOK58.00 price target. To see the full list of analyst forecasts on Pyrum Innovations AG stock, see the DE:PYR Stock Forecast page.
More about Pyrum Innovations AG
Pyrum Innovations AG is a pioneer in the recycling industry, focusing on end-of-life tyres. Since 2008, the company has developed a thermolysis technology that allows for the recycling of tyres and plastics with minimal emissions, producing high-quality products like thermolysis oil and recovered Carbon Black. These products are utilized by major partners such as BASF, Continental, and Schwalbe, aligning with sustainable business practices and climate goals.
Average Trading Volume: 717
Current Market Cap: NOK1.21B
See more insights into PYR stock on TipRanks’ Stock Analysis page.