Latest news with #PureCycle
Yahoo
7 hours ago
- Business
- Yahoo
Why PureCycle Technologies Stock Was on Fire This Week
$300 million should hit the company's coffers soon. It raised this amount via an issue of convertible preferred shares. Speaking of raises, one analyst upped his price target on the stock. 10 stocks we like better than PureCycle Technologies › For the second week in a row, next-generation plastic recycling specialist PureCycle Technologies (NASDAQ: PCT) was quite the hit on the stock exchange. Thanks to a successful round of capital raising and a bullish analyst note on its prospects, the company's shares were trading nearly 21% higher week to date early Friday morning, according to data compiled by S&P Global Market Intelligence. PureCycle has managed to raise $300 million in fresh capital commitments from a mix of former and new investors. It did so via a flotation of convertible preferred shares. With these funds coming to its coffers, the company also announced that it aims to bring 1 billion pounds of installed recycling capacity onstream by 2030. That $300 million will help it expand its current operations in Augusta, Georgia, and build new facilities overseas in Asia (specifically Thailand) and Europe (Belgium). In its press release on the matter, PureCycle quoted CEO Dustin Olson: "Over the last several years, we have continued to invest time and resources in progressing our global growth plans and this capital will allow us to execute on those plans." Meanwhile, also over the past few days, an analyst covering PureCycle stock felt compelled to publish a bullish note on the company (this occurred on Monday, so it didn't address the convertible preferred stock issue). In his new PureCycle note, Cantor Fitzgerald's Andrew Sheppard reiterated his overweight (i.e., buy) recommendation on the stock and his $12-per-share price target. According to reports, he cited the company's early-mover advantage in its niche, its exclusive technology, and what he considers its large addressable market as key factors in his rating. Before you buy stock in PureCycle Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and PureCycle Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why PureCycle Technologies Stock Was on Fire This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Solar stocks, Eli Lilly & Verve, PureCycle: Trending Tickers
Enphase (ENPH), SolarEdge (SEDG), First Solar (FSLR), Sunrun (RUN), Plug Power (PLUG), and Array Technologies (ARRY) plunge after the Senate revealed its revisions to President Trump's tax bill, which included cuts to solar and wind energy tax credits. Eli Lilly (LLY) is set to acquire Verve Therapeutics (VERV), sending Verve's stock skyrocketing. PureCycle Technologies (PCT) stock surges on the company's plans to grow its plastic recycling capacity to 1 billion pounds by 2030. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Now time for some of today's trending tickers. We're watching solar stocks, Eli Lilly and Verve therapeutics, and PureCycle. Let's start with solar stocks. They are dropping again. This is after the Senate unveiled its revisions to Trump's tax bill. The adjusted copy of the bill ending solar and wind energy tax credits facing those incentives out four years earlier than originally intended from 2032 to 2028. This comes at a time when solar energy is seeing less demand, especially with California slashing credits for excess power. And what's interesting is, you know, there was also a pretty strict phase out in the house version of the bill, but there had been some hopes and intensive lobbying happening on the part of those in the industry that there would be more favorable conditions in this Senate version. Lo and behold, Josh, those favorable conditions are not to be found. Yeah. Now lawmakers could still make changes. I mean, the Senate's trying to, you know, pass and send this bill back to the house by by July 4th. We'll see what what happens. But reports do note the odds appear to be fading that lawmakers intend to make changes to preserve credits for residential solar companies. I do see Guggenheim analysts cited saying hoping for a fix continues to be naive, they said. Uh the Senate bill though would rescue a tax credit for nuclear power. So that's news. Yes. At least for now. It gets a later phase out. I mean, we're looking at Plug Power on there as well, hydrogen producer. And the Senate version of the bill gets rid of an incentive that provides um that provides for hydrogen production specifically. I mean, the concern with many of these companies, Plug Power included, is that they will not be able to continue, perhaps even as a going concern, might not be able to continue in business um for some of these companies if they don't have these incentives. Plug Power has come out with some um there has been some talk about Plug Power in that category, but certainly it's going to be a big hit to these companies if it goes through. Also we're expecting a run down 40% there. Uh we are also watching Verve Therapeutics shares. They're soaring after the announcement that Eli Lilly will be buying that gene editing company for up to $1.3 billion. So that was the news. Lily making moves, Bloomberg reminding us, they've been on the hunt. In January, they agreed to pay as much as $2.5 billion for a cancer drug being tested by Scorpion therapeutics. In May, they announced the plan to buy Site One therapeutics for as much as $1 billion. Lily had been collaborating with Verve on its experimental gene editing program for reducing lipoprotein A with this now, of course, Lily would have full control. Yeah. And a couple things to mention here. Why is Lily being so acquisitive? I mean, they got Zepbound, which is a blockbuster. Well, like any big drug company, eventually it's going to lose patent protection for in the case of Zepbound, doesn't happen for a decade. But they're trying to look ahead at these experimental therapies. Secondly, as you mentioned, the specific product that Verve is working on is a cholesterol drug effectively, you know, aiming at improving cardiac health by targeting cholesterol. Um our friend Evan Seegerman over at BMO said that there's already a lot of cholesterol treatments out there. So he was more skeptical about the deal, but other analysts say that this does fit well into the Lily portfolio. So there's a little bit of debate here about whether it's a good deal for Lily, but the shares are down a little bit today. All right. We should get Evan on explaining that thesis. We should. Finally, PureCycle Technologies is reporting that it plans to grow its plastic recycling capacity to 8 billion pounds before 2030. The company designing new solutions to recycling plastics also announcing its executed binding agreements for a $300 million capital raise. The company's projecting Eda of $600 million by that 2030 deadline. This has been an interesting stock. Yeah. Uh it despacked back in 2021. Um and it's also more than doubled over this past year, although it's down from the highs where it was. The cycling tech, surely. Yes, exactly. Yeah. The CEO saying time for growth is now, apparently noting production progress, the Ironton facility, talked about momentum in commercialization efforts, confidence in financing efforts. A couple other things to mention about this one. Uh when it did first despack and it spiked, after that it was accused by investors of misleading them about its technology. The CEO ended up being subpoenad by the SEC in 2021. It was there was a lot of short interest at the time, and I just checked, 30% of the flow of this company is still shorted. So there still appears to be a lot of. And not a ton of coverage on the street. Three buys, two sells. There you go.
Globe and Mail
a day ago
- Business
- Globe and Mail
Why PureCycle Technologies Was Racing Higher This Week
Experimental plastics recycling company PureCycle Technologies (NASDAQ: PCT) got a boost this week from a bullish note published by an analyst. By late Thursday evening, according to data compiled by S&P Global Market Intelligence, the company's shares were trading more than 18% higher week to date. A bull reiterates his buy recommendation The PureCycle bull is Cantor Fitzgerald's Andres Sheppard, who on Wednesday morning reiterated his overweight -- buy, in other words -- recommendation on the company's stock. He also maintained his $12-per-share price target. In Sheppard's view, according to reports, PureCycle is a fine long-term play as it leverages patented, exclusive technology for plastics recycling. It also boasts a first-mover advantage and sits in front of a large total addressable market. PureCycle is also actively demonstrating its offerings to the world in a series of customer trials, of which there are more than 30 at present, according to the analyst. A further slate of over 50 trials is pending. Finally, it recently booked its first revenue, moving it out of the experimental and into the commercial stage of its life. The ability to scale The Cantor Fitzgerald pundit also sounded a bullish note about PureCycle's future, pointing out that a facility currently in development in Georgia should add meaningful scale to its operations. That plant is expected to become operational in 2027. Given its unique angle on plastics recycling, PureCycle is certainly an intriguing investment. It's certainly worth a look, as we live in a world awash in plastic and good recycling solutions are welcome. I'd say this is a stock to keep an eye on. Should you invest $1,000 in PureCycle Technologies right now? Before you buy stock in PureCycle Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PureCycle Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor 's total average return is998% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
a day ago
- Business
- Yahoo
PureCycle to raise $300m to expand plastic recycling capacity
US-based plastic recycling company PureCycle Technologies has signed binding agreements to raise $300m in capital to support its global growth strategy. The company is planning to establish one billion pounds of installed capacity by 2030 across the US, Europe, and Asia. The capital raise involves a collaboration with new and existing investors, including Duquesne Family Office and Wasserstein Debt Opportunities. PureCycle has initiated a partnership with IRPC Public Company, a petrochemical firm in Southeast Asia, to construct a polypropylene recycling facility in Thailand. This facility will feature a 130-million-pound line located in IRPC's eco-industrial zone in Rayong. Construction is set to commence in the second half of 2025, with operations expected to begin in mid-2027. IRPC is noted for being the first fully integrated petrochemical operator in Southeast Asia, providing a robust infrastructure that includes utilities and a deep-sea port. PureCycle plans to utilise this existing infrastructure to minimise construction costs. The collaboration is expected to enhance the company's growth trajectory alongside its European partners. In addition to the Thailand facility, PureCycle will also establish a 130 million pound line in Antwerp, Belgium. The company intends to integrate insights from its Ironton facility into the design of its Augusta facility, which will be upgraded to accommodate a larger Gen 2 line. The anticipated capacity for the Augusta facility is more than 300 million pounds per year, with final design details expected in early 2026. Both Thailand and Antwerp are strategically chosen for their mature feedstock opportunities and strong infrastructure synergies. PureCycle is currently navigating the permitting process in Europe, with final approvals expected in 2026. The Antwerp facility is projected to be operational by 2028, while construction on the Gen 2 facility in Augusta is slated to begin in mid-2026. The Augusta PreP facility is expected to be operational by mid-2026, with the first purification line anticipated to commence operations in 2029. PureCycle CEO Dustin Olson said: 'Following significant production progress at the Ironton Facility, momentum in our commercialization efforts and confidence in financing efforts, the time for growth is now. 'Over the last several years, we have continued to invest time and resources in progressing our global growth plans and this capital will allow us to execute on those plans. We're excited to share these attractive investment projects with investors. 'This is an impressive group of investment organisations and we are thankful for their continued support.' In April 2025 PureCycle partnered with Landbell Group to increase polypropylene plastic recycling in Europe. "PureCycle to raise $300m to expand plastic recycling capacity" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Fibre2Fashion
29-04-2025
- Business
- Fibre2Fashion
PureCycle advances BOPP film trials with recycled resin in Germany
PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced progress on the use of PureFive resin in industrial biaxially oriented polypropylene (BOPP) film trials. The latest trials were conducted by Brückner Maschinenbau GmbH, the world's leading supplier of production lines for manufacturing a wide range of stretched films, based in Siegsdorf, Germany. PureCycle Technologies announced successful BOPP film trials using 15â€'50 per cent PureFive resin at Brí¼ckner's facility in Germany. The recycled resin performed comparably to virgin polypropylene, showing promise for flexible packaging. CEO Dustin Olson said the results support PureCycle's goal of offering a single-pellet, drop-in solution for sustainable BOPP film production. The positive Brückner trials were conducted with blends ranging from 15% to 50% PureFive resin from PureCycle's commercial facility in Ironton, Ohio. The film was successfully extruded at Brückner's German facility and performed similarly to virgin polypropylene (PP) on multiple tests. Initial stretch tests appear promising, with additional stretch testing scheduled for later this month. PureCycle CEO Dustin Olson said, "Flexible packaging is one of the largest segments for polypropylene, and there is not a traditionally recycled material that can consistently meet the high purity demands required to make film. The early results are encouraging from the trials with Brückner, and it gives me confidence we can meet the stringent processing requirements." Olson added, "Brückner is known as a trusted BOPP equipment manufacturer and resource for BOPP film producers, so it was critical for us to have these trials handled by their experts in Germany. We look forward to additional trials later this month." BOPP film has a wide range of end-use applications, including food packaging for snacks, candy and baked goods. It is also used for labeling and adhesive tape. BOPP film is popular in these applications due to its features of transparency and moisture/chemical resistance. Olson continued, "To help expand our portfolio of products, PureCycle is committed to providing a single-pellet solution for BOPP film that can serve as a drop-in replacement for existing virgin film production." Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
