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Recupero Etico Sostenibile S.p.A ( (IT:RES) ) has provided an announcement.
RES S.p.A. has secured approval for a 24.6 million euro development contract to expand its plastic recycling hub in Pettoranello del Molise. This project, supported by MIMIT and Invitalia, aims to double the capacity of the existing facility and is expected to generate significant revenue and employment opportunities. The investment will enhance RES’s position in the Circular Economy sector and contribute to the economic development of the Molise region.
The most recent analyst rating on (IT:RES) stock is a Buy with a EUR11.50 price target. To see the full list of analyst forecasts on Recupero Etico Sostenibile S.p.A stock, see the IT:RES Stock Forecast page.
More about Recupero Etico Sostenibile S.p.A
RES S.p.A. (Recupero Etico Sostenibile) is a company operating for over 30 years in the Circular Economy and environmental sustainability sector. It is involved in the entire waste management process, focusing on regeneration, recycling, and reuse of waste as raw materials. The company is based in the province of Isernia, Italy, and is listed on the Euronext Growth Milan market.
Average Trading Volume: 4,395
Technical Sentiment Signal: Buy
See more insights into RES stock on TipRanks’ Stock Analysis page.