PureCycle Technologies
About: PureCycle Technologies Inc holds a license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.
Employees: 146
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
93% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 40
54% more call options, than puts
Call options by funds: $29.3M | Put options by funds: $19M
25% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 24
8.31% more ownership
Funds ownership: 62.66% [Q1] → 70.97% (+8.31%) [Q2]
8% more capital invested
Capital invested by funds: $637M [Q1] → $688M (+$50.9M) [Q2]
3% more funds holding
Funds holding: 178 [Q1] → 184 (+6) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Cantor Fitzgerald Andres Sheppard 64% 1-year accuracy 66 / 103 met price target | 9%upside $14 | Overweight Initiated | 18 Oct 2024 |
Stifel Michael Hoffman 63% 1-year accuracy 17 / 27 met price target | 38%downside $8 | Buy Maintained | 12 Aug 2024 |
Craig-Hallum Eric Stine 42% 1-year accuracy 8 / 19 met price target | 53%downside $6 | Hold Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 5 articles about PCT published over the past 30 days