Streetbeat News

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.

Open

7.42

Mkt cap

1.4B

Volume

2.1M

High

7.91

P/E Ratio

-4.40

52-wk high

15.58

Low

7.38

Div yield

N/A

52-wk low

4.50

Two materials sector stocks, ASP Isotopes Inc (ASPI) and Purecycle Technologies Inc (PCT), are currently overbought with high RSI values, indicating potential short-term price declines. ASPI recently entered a term sheet with TerraPower, while PCT discontinued a joint venture with SKGC.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 11:35 am

PureCycle and SKGC have decided to discontinue their joint venture, which was aimed at building and operating a recycled polypropylene purification plant at SKGC's Ulsan site.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:36 pm

Several mid-cap stocks experienced significant gains last week. ImmunityBio, Stride, and iRhythm Technologies were among the top performers due to positive clinical trial progress, strong earnings, and FDA clearance, respectively. Other notable gainers included Trump Media & Technology Group and Celestica.

Portfolio Pulse from Lekha Gupta

October 27, 2024 | 2:00 pm

Cantor Fitzgerald analyst Andres Sheppard initiates coverage on PureCycle Technologies (NASDAQ:PCT) with an Overweight rating and a $14 price target, citing its unique recycling technology and expansion plans. The company benefits from a partnership with Procter & Gamble and plans to expand its facilities, with significant growth expected by 2027.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2024 | 6:36 pm

PureCycle Technologies shares rose after Cantor Fitzgerald initiated coverage with an Overweight rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:53 pm

Several Wall Street analysts have initiated coverage on various stocks with positive ratings. Notably, PureCycle Technologies, ChoiceOne Financial Services, Rapport Therapeutics, Neonode, and Global Self Storage received Buy or Overweight ratings with significant price targets above their current trading prices.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 2:51 pm

Cantor Fitzgerald has initiated coverage on PureCycle Technologies with an Overweight rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 12:14 pm

Sylebra Capital has increased its stake in PureCycle Technologies by purchasing 6.76 million shares at an average price of $3.33 per share, totaling approximately $22.53 million.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:58 pm

PureCycle Technologies shares rose after announcing a $90 million capital raise through transactions with Sylebra Capital Management and Samlyn Capital.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:46 pm

The Nasdaq Composite surged over 200 points, driven by a rise in information technology shares. PureCycle Technologies, BriaCell Therapeutics, and Liquidia Corporation saw significant stock price increases due to positive company announcements. Conversely, Telesis Bio, Rentokil Initial, and Torrid Holdings experienced sharp declines following negative news. U.S. crude oil inventories rose slightly less than expected.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 6:30 pm

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