RES S.p.A. Plans Share Capital Increase and Expansion Initiatives

Recupero Etico Sostenibile S.p.A ( (IT:RES) ) just unveiled an update.

The Board of Directors of RES S.p.A. has resolved to convene an extraordinary shareholders’ meeting to discuss a potential increase in share capital up to 20 million euros and statutory amendments to support development programs, including expanding recycled raw materials production and entering foreign markets. Additionally, the ordinary meeting will deliberate on establishing a reserve for a future free capital increase to fund a new production unit in Pozzilli, enhancing the company’s operational capabilities and market positioning.

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

Recupero Etico Sostenibile S.p.A. (RES) operates in the Circular Economy and environmental sustainability sector, focusing on waste management processes such as selection, treatment, transformation, regeneration, recycling, and reuse of waste. Founded in 1989, the company is headquartered in the province of Isernia and is listed on the Euronext Growth Milan market. RES is known for its technological research aimed at improving environmental performance and worker safety.

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Technical Sentiment Signal: Hold

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