Latest news with #PureCycleTechnologies
Bloomberg
14-07-2025
- Business
- Bloomberg
Ex-Coatue Trader's Long Bets on Tech Fuel 16.7% First-Half Gain
Sylebra Capital — the stock-picking hedge fund founded by former Coatue Management partner Daniel Gibson — gained 16.7% in the first half of this year, erasing a 7.8% first-quarter loss, according to people familiar with the matter. That was fueled by some of the firm's biggest holdings — renewable plastics company PureCycle Technologies Inc. and Aeva Technologies Inc., a maker of special sensors — which surged 98% and 440%, respectively, during the second quarter. Sylebra's long book gained 58% in the period, while its short portfolio slumped 30%, the people said, asking not to be identified discussing confidential details.
Business Insider
24-06-2025
- Automotive
- Business Insider
Cantor Fitzgerald Sticks to Its Buy Rating for PureCycle Technologies (PCT)
In a report released today, Andres Sheppard from Cantor Fitzgerald maintained a Buy rating on PureCycle Technologies (PCT – Research Report), with a price target of $16.00. The company's shares closed today at $13.11. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Sheppard is a 4-star analyst with an average return of 11.8% and a 50.00% success rate. Sheppard covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Lucid Group, and Rivian Automotive. In addition to Cantor Fitzgerald, PureCycle Technologies also received a Buy from Alembic Global's Hassan Ahmed in a report issued on June 17. However, on June 18, Craig-Hallum maintained a Hold rating on PureCycle Technologies (NASDAQ: PCT). Based on PureCycle Technologies' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.58 million and a net profit of $8.83 million. In comparison, last year the company earned a revenue of $11.94 million and had a GAAP net loss of $85.61 million
Yahoo
18-06-2025
- Business
- Yahoo
PureCycle (PCT) Jumps After $300M Fresh Funds
PureCycle Technologies, Inc. (NASDAQ:PCT) is one of the . PureCycle Technologies jumped by 18.96 percent on Tuesday to end at $14.12 apiece after raising $300 million in fresh funds through the issuance of convertible preferred stock. In a statement on Tuesday, PureCycle Technologies, Inc. (NASDAQ:PCT) said it entered into a transaction with a series of new and existing investors, including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors, and Sylebra Capital Management. An aerial view of a plastic waste recycling plant, showcasing the company's efforts towards a cleaner environment. Proceeds from the offer will be used to bring one billion pounds of installed capacity online before 2030 across the United States, Europe, and Asia. 'Following significant production progress at the Ironton Facility, momentum in our commercialization efforts, and confidence in financing efforts, the time for growth is now. Over the last several years, we have continued to invest time and resources in progressing our global growth plans, and this capital will allow us to execute on those plans,' said PureCycle CEO Dustin Olson. 'This is an impressive group of investment organizations, and we are thankful for their continued support,' he added. While we acknowledge the potential of PCT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
08-05-2025
- Business
- Business Insider
PureCycle Technologies (PCT) Receives a Buy from Alembic Global
In a report released today, Hassan Ahmed from Alembic Global reiterated a Buy rating on PureCycle Technologies (PCT – Research Report), with a price target of $18.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Ahmed is a 4-star analyst with an average return of 3.0% and a 45.25% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Celanese, TRONOX, and Air Products and Chemicals. In addition to Alembic Global, PureCycle Technologies also received a Buy from Cantor Fitzgerald's Andres Sheppard in a report issued on May 5. However, yesterday, Craig-Hallum maintained a Hold rating on PureCycle Technologies (NASDAQ: PCT). PCT market cap is currently $1.18B and has a P/E ratio of -3.75. Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCT in relation to earlier this year.
Fibre2Fashion
29-04-2025
- Business
- Fibre2Fashion
PureCycle advances BOPP film trials with recycled resin in Germany
PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced progress on the use of PureFive resin in industrial biaxially oriented polypropylene (BOPP) film trials. The latest trials were conducted by Brückner Maschinenbau GmbH, the world's leading supplier of production lines for manufacturing a wide range of stretched films, based in Siegsdorf, Germany. PureCycle Technologies announced successful BOPP film trials using 15â€'50 per cent PureFive resin at Brí¼ckner's facility in Germany. The recycled resin performed comparably to virgin polypropylene, showing promise for flexible packaging. CEO Dustin Olson said the results support PureCycle's goal of offering a single-pellet, drop-in solution for sustainable BOPP film production. The positive Brückner trials were conducted with blends ranging from 15% to 50% PureFive resin from PureCycle's commercial facility in Ironton, Ohio. The film was successfully extruded at Brückner's German facility and performed similarly to virgin polypropylene (PP) on multiple tests. Initial stretch tests appear promising, with additional stretch testing scheduled for later this month. PureCycle CEO Dustin Olson said, "Flexible packaging is one of the largest segments for polypropylene, and there is not a traditionally recycled material that can consistently meet the high purity demands required to make film. The early results are encouraging from the trials with Brückner, and it gives me confidence we can meet the stringent processing requirements." Olson added, "Brückner is known as a trusted BOPP equipment manufacturer and resource for BOPP film producers, so it was critical for us to have these trials handled by their experts in Germany. We look forward to additional trials later this month." BOPP film has a wide range of end-use applications, including food packaging for snacks, candy and baked goods. It is also used for labeling and adhesive tape. BOPP film is popular in these applications due to its features of transparency and moisture/chemical resistance. Olson continued, "To help expand our portfolio of products, PureCycle is committed to providing a single-pellet solution for BOPP film that can serve as a drop-in replacement for existing virgin film production." Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
