ElvalHalcor gets two EU project labels: NBG targets ElvalHalcor stock at EUR 5.10

Published on 10/15/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EU officials recognized two recycling projects on October 15, 2026. ElvalHalcor stock costs EUR 3.41 on October 15, 2026 against a EUR 5.10 target.

European projects and investor dates

Two ElvalHalcor recycling projects received strategic EU status on October 15, 2026.
The company booked EUR 2.20 billion of first-half revenue in 2026, up 18.00 percent.
ElvalHalcor stock traded at EUR 3.41 at 1:19 p.m. CEST on October 15, 2026.

ElvalHalcor, GRS281003004, Illustration mit AI erstellt.

ElvalHalcor (ISIN GRS281003004) received strategic European Union status for two recycling projects on October 15, 2026, a development tied to its EUR 250.0 million capital increase. According to Euro2day, the projects are a new aluminum recycling center and the ETEOCLES copper scrap project. The recognition gives the investment program a concrete European industrial policy link.

Why the project status matters

The aluminum center is already part of ElvalHalcor's 2026-2030 investment plan, which is partly financed by the capital increase. The company processes aluminum and copper through 15 production plants and ships products to 90 countries, according to its ElvalHalcor investor-relations page.

The latest reported operating picture is also substantial. First-half 2026 revenue reached EUR 2.20 billion, up 18.00 percent, while adjusted EBITDA reached EUR 143.30 million, according to the company figures summarized by xrimatistirio.com. Aluminum sales volume was 227,000 tons and copper sales volume was 91,000 tons in the first half of 2026.

What does the EUR 5.10 target imply?

OT reported on September 30, 2026 that NBG Securities raised its ElvalHalcor target to EUR 5.10 from EUR 3.20 and kept an Outperform rating. The research linked the revision to the capital increase and the 2026-2030 investment plan. The same analysis projected adjusted EBITDA of EUR 425.00 million to EUR 475.00 million over the longer term.

Three dated steps in the plan

On July 21, 2026, the company completed a EUR 250.0 million capital increase at EUR 4.20 per share. On September 24, 2026, a draft merger to absorb aluminum recycler Anoxal was filed, with completion expected in the fourth quarter of 2026. On October 15, 2026, the aluminum recycling center and ETEOCLES received strategic EU project status.

Next dates for investors

ElvalHalcor's investor-relations calendar lists the next trading update for November 18, 2026 and the related analysts briefing for November 19, 2026. Those dates will provide the next scheduled view of sales, margins and investment execution.

Stock price and scheduled updates

The company had a market capitalization of EUR 1.3 billion as of October 15, 2026, while its 52-week range was EUR 2.83 to EUR 5.85 as of October 13, 2026. ElvalHalcor stock was trading at EUR 3.41 at Lang & Schwarz on October 15, 2026 at 1:19 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of ElvalHalcor stock.