PureCycle TechnologiesPCT
Market Cap: $792M
About: PureCycle Technologies Inc holds a license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.
Employees: 146
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
90% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 40
66% more call options, than puts
Call options by funds: $29.3M | Put options by funds: $17.6M
16% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 25
8.18% more ownership
Funds ownership: 62.25% [Q1] → 70.43% (+8.18%) [Q2]
8% more capital invested
Capital invested by funds: $633M [Q1] → $683M (+$49.9M) [Q2]
2% more funds holding
Funds holding: 178 [Q1] → 182 (+4) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Stifel Michael Hoffman 62% 1-year accuracy 21 / 34 met price target | 67%upside $8 | Buy Maintained | 12 Aug 2024 |
Craig-Hallum Eric Stine 29% 1-year accuracy 7 / 24 met price target | 25%upside $6 | Hold Maintained | 9 Aug 2024 |
Stifel Michael Hoffman 62% 1-year accuracy 21 / 34 met price target | 46%upside $7 | Buy Reiterated | 3 Jul 2024 |
TD Cowen Thomas Boyes 0% 1-year accuracy 0 / 5 met price target | 56%upside $7.50 | Buy Maintained | 25 Jun 2024 |