Northland lowered the firm’s price target on PureCycle Technologies (PCT) to $14 from $16 and keeps an Outperform rating on the shares. Q4 results and the accompanying update were “negative” as the commercial ramp continues to get delayed, causing the firm to “significantly” cut 2026 estimates, with its revenue forecast going to $27M from $93M. Management “seems optimistic” that the commercial ramp will be tangible in 2026, but investors “need proof,” the analyst added.
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