PureCycle Technologies Is Still Going (Concern) [Seeking Alpha]
PureCycle Technologies, Inc. - Common stock (PCT)
Company Research
Source: Seeking Alpha
Summary PureCycle Technologies has struggled to scale its polypropylene recycling plant, failing to generate material sales despite initial promises at its SPAC. The company faces significant challenges with its co-product 2 (CP2), impacting its ability to get to nameplate production. PCT's shift to selling compounded products, blending recycled material with virgin or post-industrial plastic, indicates a deviation from its original ultrapure resin goal. Despite its high burn rates, PCT remains afloat due to substantial financial support from Dan Gibson's firms, Sylebra Capital & Pure Plastic. I believe PCT stock will be volatile, but trend down in the next 12 months. In 2026, the firm faces serious bankruptcy risk. Floresco Productions/OJO Images via Getty Images PCT Still Exists Despite Lack Of Sales I wrote my first bearish articles on PureCycle Technologies, Inc. ( NASDAQ: PCT ) in May 2021. I believed the company couldn't scale its polypropylene recycling technol
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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