PureCycle Gains From First-Mover Advantage And Unique Recycling Technology, Analyst Highlights Expansionary Moves [Yahoo! Finance]
PureCycle Technologies, Inc. - Common stock (PCT)
Company Research
Source: Yahoo! Finance
Cantor Fitzgerald analyst Andres Sheppard initiates coverage on PureCycle Technologies, Inc. (NASDAQ: PCT ) with an Overweight rating and a price forecast of $14. According to the analyst, the company enjoys a differentiated technology and first-mover advantage, along with a large total addressable market (TAM) and the ability to scale up. It also benefits from a globally patented purification polypropylene recycling technology developed in partnership with Procter & Gamble Company This FDA-approved technology employs a unique process that effectively removes odor and color from plastic waste, the analyst notes. The analyst highlights that PureCycle plans to sell its UPR resin to a diverse array of customers across various industries, including consumer goods manufacturers and food and beverage producers. Sheppard sees that the company's first production line will reach near full capacity by 2025, with revenue reporting expected to begin in the second half of 2024. The anal
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PCT
News
- PureCycle Technologies, Inc. (NASDAQ: PCT) had its price target raised by analysts at TD Cowen from $10.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- PureCycle Technologies, Inc. (NASDAQ: PCT) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $14.00 price target on the stock.MarketBeat
- PureCycle Technologies, Inc. (NASDAQ: PCT) had its price target raised by analysts at Stifel Nicolaus from $8.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- PureCycle Technologies Inc (PCT) Q3 2024 Earnings Call Highlights: Record Production Growth and ... [Yahoo! Finance]Yahoo! Finance
- PureCycle Technologies, Inc. (PCT): Among the Best Recycling Stocks to Buy According to Hedge Funds [Yahoo! Finance]Yahoo! Finance
PCT
Earnings
- 5/7/24 - Miss
PCT
Sec Filings
- 11/20/24 - Form S-3
- 11/15/24 - Form 10-Q
- 11/13/24 - Form NT
- PCT's page on the SEC website