Purecycle Technologies Inc

PCTTU

$11.20

Closing

▲24.86%

1D

▲141.38%

YTD

PCTTU

BBG00ZNTNBQ5

Market cap

$1.45B

52 week high

$11.25

52 week low

$2.80

Volume

4,215

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Market cap

$1.45B

Analysts' Rating

BUY

Price Target (Mean)

9.20

Total Analysts

4

P/E

Operating Margin

0.00%

Beta

1.04

Revenue Growth

0.00%

52 week high

$11.25

52 week low

$2.80

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.