PureCycle Is Struggling To Get Ironton To Scale [Seeking Alpha]
PureCycle Technologies, Inc. - Common stock (PCT)
Company Research
Source: Seeking Alpha
Recent hurdles include power outages, mechanical failures, and coproducts stuck in the purification process, hindering production at scale. PCT is unlikely to meet its production goals by the end of March, raising concerns about its future viability. I Was Right About PureCycle Technologies Broadly speaking, my analysis of PureCycle Technologies, Inc. ( NASDAQ: PCT ) stock in 2 articles in 2021 was proven accurate. The main thesis was the company couldn't achieve scale in recycling polypropylene. I stated, "I don't think PureCycle Technologies will be able to scale its recycling technology without major hiccups." This was proven accurate. The financial estimates in the original SPAC presentation were way too optimistic. Since those articles, the company still hasn't generated sales. The stock is down 77% since my first article and down 82% from my 2nd one in which I called it a short. Summary Of Recent Hurdles I'm going to summarize and comment on the recent problems
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PCT
News
- PureCycle Schedules First Quarter 2024 Corporate UpdateAccesswire
- Scheduled Operational Pause at Ironton Purification Facility to Begin in AprilAccesswire
- PureCycle Resin Used by Churchill Container to Produce Souvenir Cups [Yahoo! Finance]Yahoo! Finance
- PureCycle Resin Used by Churchill Container to Produce Souvenir CupsAccesswire
- PureCycle Technologies Inc Reports Progress and Challenges in Q4 2023 [Yahoo! Finance]Yahoo! Finance
PCT
Earnings
- 8/8/23 - Miss
PCT
Sec Filings
- 4/8/24 - Form 4
- 4/2/24 - Form 4/A
- 3/28/24 - Form 8-K
- PCT's page on the SEC website