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
The latest announcement is out from PureCycle Technologies ( (PCT) ).
On June 16, 2025, PureCycle Technologies entered into subscription agreements to raise $300 million through the sale of Series B Convertible Perpetual Preferred Stock. This capital will support the company’s ambitious growth plan to achieve one billion pounds of installed capacity by 2030 across the U.S., Europe, and Asia. Additionally, PureCycle announced a partnership with IRPC to build a polypropylene recycling facility in Thailand, leveraging IRPC’s existing infrastructure to reduce costs. This expansion aligns with PureCycle’s strategy to enhance its global presence and operational capabilities, with significant implications for its market positioning and stakeholder interests.
The most recent analyst rating on (PCT) stock is a Hold with a $6.00 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 Underperform.
PureCycle Technologies is facing significant financial challenges, including zero revenue and negative cash flows, which heavily weigh down its stock score. The company’s bearish technical indicators and poor valuation further contribute to a low score. However, recent operational improvements and partnerships offer a glimmer of hope, reflected in slightly higher scores for earnings call and corporate events. Overall, the stock remains a high-risk investment with potential upside if operational improvements lead to financial stability.
To see Spark’s full report on PCT stock, click here.
More about PureCycle Technologies
PureCycle Technologies, Inc. is a U.S.-based company specializing in plastic recycling, utilizing a patented dissolution recycling technology licensed from The Procter & Gamble Company. This technology transforms polypropylene plastic waste into a renewable resource, producing PureFive™ resin that can be recycled and reused multiple times.
Average Trading Volume: 2,954,824
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.13B
Learn more about PCT stock on TipRanks’ Stock Analysis page.