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PureCycle Technologies ( (PCT) ) just unveiled an announcement.
On December 29, 2025, PureCycle Technologies entered into a Construction Progress Agreement with the Development Authority of Augusta, Georgia to revise and supplement construction milestones and obligations for its second-generation polypropylene recycling facility in Augusta. Under the new terms, PureCycle will pay a total of $500,000 to the authority in two $250,000 installments starting by January 9, 2026, and has waived its option to lease an additional 50 acres under a previously contemplated Phase II expansion, concluding that the existing Phase I site is sufficient for higher-capacity second-generation purification lines capable of producing 300 million pounds of recycled polypropylene pellets. The agreement also sets a revised construction timeline, including a requirement to start construction by March 2028, and introduces penalties and termination rights for the local development authority if PureCycle fails to meet specified pre-construction and construction milestones, tightening project execution obligations and potentially affecting the company’s development schedule and local economic commitments.
The most recent analyst rating on (PCT) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on PureCycle Technologies stock, see the PCT Stock Forecast page.
Spark’s Take on PCT Stock
According to Spark, TipRanks’ AI Analyst, PCT is a Neutral.
Overall score is held back primarily by very weak financial performance (large losses, high leverage, and significant cash burn). The earnings call provides a meaningful positive offset due to operational progress and capacity/demand ramp plans, while technicals remain soft and valuation support is limited given ongoing losses and no dividend.
To see Spark’s full report on PCT stock, click here.
More about PureCycle Technologies
PureCycle Technologies operates in the plastics recycling industry, focusing on polypropylene recycling. The company is developing advanced purification facilities, including a second-generation polypropylene recycling plant in Augusta, Georgia, aimed at producing high volumes of recycled polypropylene pellets for use in sustainable plastic applications.
Average Trading Volume: 4,013,611
Technical Sentiment Signal: Buy
Current Market Cap: $1.81B
For an in-depth examination of PCT stock, go to TipRanks’ Overview page.