Purecycle Technologies Inc

PCT

$6.76

Closing

▲44.14%

1D

▲66.91%

YTD

PCT

BBG00YRJF230

Market cap

$854.50M

52 week high

$8.00

52 week low

$2.39

Volume

1,921,340

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Market cap

$854.50M

Analysts' Rating

BUY

Price Target (Mean)

9.20

Total Analysts

4

P/E

Operating Margin

0.00%

Beta

1.57

Revenue Growth

0.00%

52 week high

$8.00

52 week low

$2.39

Div. Yield

%

EPS Growth

-44.23

Company Profile

PureCycle Technologies, Inc. is commercializing a patented purification recycling technology (the Technology), originally developed by The Procter & Gamble Company, for restoring waste polypropylene into resin with near-virgin characteristics, called ultra-pure recycled (UPR) resin. Its process includes two steps: Feed Pre-Processing (Feed PreP) and the use of the Technology for purification. The Feed PreP step will collect, sort, and prepare polypropylene waste (feedstock) for purification. The purification step is a purification recycling process that uses a combination of solvent, temperature, and pressure to return the feedstock to near-virgin condition through a novel configuration of commercially available equipment and unit operations. The purification process puts the plastic through a physical extraction process using critical fluids that both extract and filter out contaminants and purify the color, opacity, and odor of the plastic without changing the bonds of the polymer.