PureCycle Stock PCT Up 15%

By Patricia Miller

Feb 17, 2025

2 min read

PureCycle Technologies secures $33 million in funding and partnerships, boosting its innovative recycling technology and offering new opportunities for investors.

Colorful collection of recycled plastic waste arranged in a recycling symbol on a vibrant blue background.

#What You Need To Know

Purecycle Technologies Inc. (NASDAQ: PCT) shares are up 15% in pre-market trading. On Friday, TD Cowen reaffirmed its Buy rating on PureCycle Technologies and raised the price target from $10.00 to $15.00.

The company recently secured a financing agreement valued at $33 million from key investors aimed at advancing its patented recycling technology. Investors include Pleiad Investment Advisors Limited, Sylebra Capital, and Samlyn Capital, LLC. Sylebra Capital acquired 619,925 shares, thereby increasing its total PCT holdings to over 34 million shares.

The funds raised will assist PureCycle in furthering its dissolution recycling process, which is critical for sustainable solutions in the plastics industry. The CEO of PureCycle emphasized the progress made during trials and the pursuit of commercial success.

Meanwhile, the company has collaborated with Churchill Container to launch a line of souvenir cups made from recycled materials, contributing to its commitment to enhanced recycling practices and sustainability. This initiative underscores PureCycle's role in driving innovation in recyclable consumer products.

The Nasdaq, New York Stock Exchange and U.S. bond markets are closed today for President's Day.

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#Why This Is Important for Retail Investors

  1. Increased interest in sustainable investing aligns with consumer demand for environmentally friendly products and solutions, making companies like PureCycle attractive to investors.

  2. The recent significant investment from reputable firms highlights investor confidence in PureCycle's technology and growth potential, which could lead to increased stock value.

  3. Advances in recycling technology and corporate partnerships suggest potential for innovation and market leadership in a rapidly evolving industry, presenting opportunities for future profits.

  4. The upcoming Q4 corporate call could provide critical insights into PureCycle’s progress and financial health, offering retail investors valuable information for decision-making.

#Relevant ETFs

Some investors prefer to invest in stocks via an exchange-traded fund for ease and reduced risk. Some relevant ETFs include the following:

  • iShares Global Clean Energy ETF

  • Invesco Zacks Clean Technology ETF

  • First Trust NASDAQ Clean Edge Green Energy Index Fund

  • SPDR S&P Kensho Clean Power ETF

  • VanEck Vectors Low Carbon Energy ETF

  • ARK Innovation ETF

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Important Notice And Disclaimer

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Patricia Miller does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Patricia Miller has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.