PureCycle Technologies Secures $300 Million in Stock Offering

PureCycle Technologies ( (PCT) ) has shared an update.

On June 16, 2025, PureCycle Technologies entered into subscription agreements with investors to sell 300,000 shares of its Series B Convertible Perpetual Preferred Stock at $1,000 per share, raising approximately $300 million. The offering, which closed on June 20, 2025, is expected to enhance the company’s financial position, allowing it to further its market presence and operational capabilities in the recycling industry.

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. operates in the recycling industry, focusing on converting waste plastic into reusable materials. The company is known for its innovative approach to recycling, particularly its proprietary technology for purifying waste polypropylene into virgin-like resin.

Average Trading Volume: 3,422,953

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.34B

For a thorough assessment of PCT stock, go to TipRanks’ Stock Analysis page.