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PCT

PureCycle Technologies, Inc.

Industry

Industrial - Pollution & Treatment Controls

PureCycle Technologies, Inc. produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. The company was founded in 2015 and is headquartered in Orlando, Florida.

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PureCycle Technologies (NASDAQ:PCT) reported a Q1 2024 GAAP EPS loss of $(0.52), missing the analyst consensus estimate of $(0.17) by 205.88%.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:34 pm

PureCycle Technologies reported holding $32.6 million in cash and equivalents as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:16 pm

Insiders have recently made notable purchases in shares of Walgreens Boots Alliance, Citi Trends, and PureCycle Technologies. These purchases indicate insider confidence in the companies' prospects. Walgreens EVP and Global CFO acquired 6,000 shares, while Citi Trends saw a purchase by Pleasant Lake Partners LLC, and PureCycle Technologies had shares bought by Fernando Musa. These transactions occur amidst various company-specific news, including a price target adjustment for Walgreens by Morgan Stanley, disappointing financial results for Citi Trends, and a corporate update from PureCycle Technologies.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 11:55 am

PureCycle announced a scheduled operational pause at its flagship purification facility in Ironton, Ohio, starting April 1, 2024, expected to last 2-4 weeks. The company plans to update on the pause's outcome in May.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:48 pm

Smith & Wesson Brands, Inc. (SWBI) reported better-than-expected Q3 financial results, leading to a 25.8% surge in its shares. Other companies like Willdan Group, Gulf Island Fabrication, and Grifols also saw significant gains following positive financial reports or announcements. Notably, Carvana Co. received an upgrade from RBC Capital, contributing to a 12.2% increase in its stock price.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 3:08 pm

Numerous companies are scheduled to report their earnings on March 6, 2024, covering a wide range of industries from technology to retail. Notable mentions include JD.com with expected earnings of $0.63 per share on a revenue of $42.16 billion, and Abercrombie & Fitch forecasting $2.83 per share on $1.43 billion revenue. Other companies like Foot Locker, Thor Industries, and Campbell Soup are also set to report their earnings, alongside firms expected to report losses such as WAVE Life Sciences and EVgo.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 10:00 am

PureCycle Technologies (NASDAQ:PCT) is anticipated to report a quarterly EPS of $-0.23 on 2024-03-06. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a 16.94% share price drop. Shares are currently at $6.04, up 7.66% over the last year. Investors are keen on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:01 pm

As of Feb. 21, 2024, PureCycle Technologies, Inc. (PCT) and IperionX Limited (IPX) in the materials sector are considered overbought with RSI values of 70.28 and 72.51, respectively. PCT recently reported a production update, leading to a 32% stock increase over five days, while IPX is advancing in titanium production, with its stock up 38% over the past month.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:26 pm

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' criticizing Wolfspeed, Inc. (WOLF) and PureCycle Technologies, Inc. (PCT) for their financial performance, while recommending AvalonBay Communities, Inc. (AVB), Otter Tail Corporation (OTTR), Liberty Energy Inc. (LBRT), and Palantir Technologies Inc. (PLTR). He advised against Herbalife Ltd. (HLF). Notably, Wolfspeed and PureCycle reported financial losses, whereas AvalonBay, Otter Tail, Liberty Energy, and Palantir received positive mentions for their financial results or dividends.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 2:27 pm

PureCycle Technologies' stock is on the rise following their announcement of significant production achievements at their Ironton facility. The company reported producing 183,000 pounds of pellets in the last two weeks, matching their Q4 2023 output. This production included six different days with outputs ranging from 10,000 to 72,000 pounds, all from post-consumer recycled material.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:54 pm

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