PureCycle Technologies (PCT)

• Market cap: $2.02B
• 1 day: 0.60%
• 5 days: -8.83%
• 1 month: 5.04%
• 3 months: 105.82%
• 6 months: 111.03%
• Year to date: 211.20%
• 1 year: 177.20%
• 5 years: -64.30%
• 10 years: -64.30%
• Sector: Materials
• Industry: Plastic Materials, Synthetic Resins & Nonvulcan Elastomers

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 Q3 regulatory filings by fund managers ($100M+ AUM)

95% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 22

73% more capital invested

Capital invested by funds: $688M [Q2] → $1.19B (+$504M) [Q3]

60% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 8 (+3) [Q3]

33% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 52

22% more call options, than puts

Call options by funds: $52.3M | Put options by funds: $42.7M

11% more funds holding

Funds holding: 184 [Q2] → 205 (+21) [Q3]

5.09% more ownership

Funds ownership: 70.97% [Q2] → 76.06% (+5.09%) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 20% upside
• Avg. target: $14.33 23% upside
• High target: $15 29% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Cantor Fitzgerald Andres Sheppard 68% 1-year accuracy 105 / 154 met price target	20% upside $14	Overweight Reiterated	19 Nov 2024
Stifel Michael Hoffman 76% 1-year accuracy 19 / 25 met price target	29% upside $15	Buy Maintained	12 Nov 2024
Cantor Fitzgerald Andres Sheppard 68% 1-year accuracy 105 / 154 met price target	20% upside $14	Overweight Initiated	18 Oct 2024