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Recupero Etico Sostenibile S.p.A ( (IT:RES) ) has shared an update.
RES S.p.A. has signed a contract with Invitalia for financial incentives to support a project aimed at recovering automotive materials, involving a total investment of 2.5 million euros. The project will create a new production unit for treating disused vehicle frames and employ 22 new resources, aligning with the European Green Deal and Circular Economy Action Plan. This initiative will enhance RES’s role in the circular economy, strengthen its position in the automotive sector, and maximize material recoverability while reducing environmental impact.
The most recent analyst rating on (IT:RES) stock is a Buy with a EUR12.10 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 – Recupero Etico Sostenibile S.p.A. is a company specializing in the Circular Economy and environmental sustainability, focusing on the entire waste management process from selection to transformation for recycling and reuse. Founded in 1989 in Isernia, Italy, RES operates through plant hubs in Pozzilli and Tufo Colonoco, ensuring cost efficiency and operational flexibility, contributing to local economic development.
Average Trading Volume: 5,646
Technical Sentiment Signal: Strong Buy
For a thorough assessment of RES stock, go to TipRanks’ Stock Analysis page.