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

11.15

Mkt cap

1.8B

Volume

High

11.21

P/E Ratio

-11.74

52-wk high

15.58

Low

10.88

Div yield

N/A

52-wk low

2.38

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

U.S. stocks mostly fell with the S&P 500 down 0.5%. Notable stock movements include PureCycle Technologies up 32% after a financing update, BriaCell Therapeutics up 109% on positive clinical data, and Telesis Bio down 58% after announcing a delisting. Rentokil Initial shares fell 21% after revising guidance.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 4:13 pm

PureCycle Technologies shares rose following the announcement of a $90 million capital raise through transactions with Sylebra Capital Management and Samlyn Capital.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 2:38 pm

Several stocks saw significant gains on Wednesday despite a general market downturn. Petco Health and Wellness (WOOF) rose 8.4% despite reporting larger-than-expected losses. PureCycle Technologies (PCT) jumped 20% following a financing announcement. Sigma Lithium (SGML), Lithium Americas (LAAC), and Albemarle (ALB) gained due to a rise in lithium prices. Hyliion Holdings (HYLN) rose after securing a Navy contract. Dave & Buster’s (PLAY) increased after better-than-expected earnings. AppLovin (APP) gained following a price target increase by B of A Securities.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 2:19 pm

PureCycle Technologies has raised $90 million through transactions with Sylebra Capital Management and Samlyn Capital. The funds will support the company's expansion in the recycled polypropylene market. The Ironton facility has achieved a significant processing milestone.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:04 pm

Top Wall Street analysts have updated their outlooks on several US-listed companies, including Hyatt Hotels, CleanSpark, Triumph Group, PureCycle Technologies, CarGurus, Hillenbrand, Eli Lilly, Plug Power, The Trade Desk, and Robinhood Markets. Notable changes include Deutsche Bank's significant price target increase for Eli Lilly and JP Morgan's raised target for CarGurus.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 1:46 pm

Stifel analyst Michael Hoffman maintains a Buy rating on PureCycle Technologies (NASDAQ:PCT) and raises the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:33 pm

Craig-Hallum analyst Eric Stine maintains a Hold rating on PureCycle Technologies (NASDAQ:PCT) and raises the price target from $4 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:21 pm

PureCycle has reached an agreement to sell $22.5 million in Southern Ohio Port Authority Revenue Bonds, generating $18 million in cash proceeds. The company ended Q2 FY2024 with $10.9 million in unrestricted cash.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:58 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.