PureCycle Technologies
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
115% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 20
74% more capital invested
Capital invested by funds: $688M [Q2] → $1.19B (+$506M) [Q3]
60% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 8 (+3) [Q3]
37% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 52
22% more call options, than puts
Call options by funds: $52.3M | Put options by funds: $42.7M
13% more funds holding
Funds holding: 184 [Q2] → 207 (+23) [Q3]
5.23% more ownership
Funds ownership: 70.97% [Q2] → 76.2% (+5.23%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14
29%
upside
Avg. target
$14.67
35%
upside
High target
$15
38%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
TD Cowen Thomas Boyes 29% 1-year accuracy 2 / 7 met price target | 38%upside $15 | Buy Maintained | 20 Nov 2024 |
Cantor Fitzgerald Andres Sheppard 85% 1-year accuracy 128 / 151 met price target | 29%upside $14 | Overweight Reiterated | 19 Nov 2024 |
Stifel Michael Hoffman 52% 1-year accuracy 13 / 25 met price target | 38%upside $15 | Buy Maintained | 12 Nov 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
PureCycle Technologies, Inc. (PCT) Q3 2024 Earnings Conference Call Transcript
PureCycle Technologies, Inc. (NASDAQ:PCT ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Christian Bruey - Director of Communications. Dustin Olson - CEO Jaime Vasquez - CFO Conference Call Participants Hassan Ahmed - Alembic Global Advisors Eric Stine - Craig-Hallum Capital Group Thomas Boyes - TD Cowen Andres Sheppard-Slinger - Cantor Fitzgerald Brian Butler - Stifel Gerard Sweeney - ROTH Capital Operator Good day, and thank you for standing by.
Neutral
Accesswire
1 month ago
PureCycle Provides Third Quarter 2024 Corporate Update
ORLANDO, FL / ACCESSWIRE / November 7, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced a corporate update for the third quarter ending September 30, 2024. Management Commentary PureCycle CEO Dustin Olson commented, "The third quarter represented meaningful progress for the Company on multiple fronts.
Negative
MarketBeat
1 month ago
3 Stocks With High Short Interest Still Near Their 52-Week Highs
Every stock has bulls and bears. When trying to understand the bearish sentiment around a stock, looking at short interest can be particularly useful.
Negative
Benzinga
1 month ago
Top 2 Materials Stocks That May Collapse This Month
As of Oct. 30, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Positive
MarketBeat
1 month ago
PureCycle: Up 250% in 2024 - Is This Materials Stock Still a Buy?
PureCycle Technologies NYSE: PCT is a small-cap materials stock that has gone on a true tear this year. The stock is up over 250%, a head-turning number that has caught the attention of many investors.
Neutral
Accesswire
1 month ago
PureCycle Schedules Third Quarter 2024 Corporate Update
ORLANDO, FL / ACCESSWIRE / October 24, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, November 7, 2024, to provide an update on recent corporate developments. A press release discussing such developments and other activity from the third quarter will be provided prior to the conference call.
Positive
Benzinga
2 months ago
This Rapport Therapeutics Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Neutral
Accesswire
3 months ago
PureCycle Processes One Million Pounds in a Week at Ironton Facility
IRONTON, OH / ACCESSWIRE / September 16, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, announced that the Company's flagship facility in Ironton, Ohio processed more than one million pounds of feedstock over a consecutive seven-day span. PureCycle CEO Dustin Olson said, "We have now hit all three of the near-term goals that we discussed during our second quarter investor update in early August.
Positive
The Motley Fool
3 months ago
Why PureCycle Technologies Rocketed Nearly 40% Today
PureCycle is a pre-revenue plastics recycling company on the verge of commercialization. The cash-strapped company received a cash infusion from its private equity partners and announced progress at its Ironton facility.
Neutral
Accesswire
3 months ago
PureCycle Announces Financing Transaction and Ironton Production Update
Ironton Facility Reaches Feed Rate of 10,000 Pounds Per Hour; Processes Over 200,000 Pounds in One Day IRONTON, OH / ACCESSWIRE / September 11, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, entered into a series of transactions with Sylebra Capital Management and Samlyn Capital, LLC to raise gross proceeds of $90 million. PureCycle anticipates that the transactions will close on September 13, 2024.
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