PureCycle Technologies Shares Rise 28% After Higher Production at Ohio Facility [MarketWatch]
PureCycle Technologies, Inc. - Common stock (PCT)
Company Research
Source: MarketWatch
Shares were up 28% to $3.07 in recent trading. The stock hit its 52-week low of $2.38 on Friday, and is down 60% in the past 12 months. Advertisement The technology recycling company restarted operations at the facility in late December. In the last two weeks, PureCycle produced 183,000 pounds of pellets. That is nearly the same amount produced during the fourth quarter of 2023. All the pellets made since coming back online have been produced from post-consumer recycled material. During an outage in November, the company implemented several improvements to simplify the removal of co-product one from the system. Co-product one is a waxy, low-molecular weight polypropylene material that is pulled out of the extraction column. Co-product one removal was originally a challenging operation and a plant limitation, but since the November upgrades, it is operating reliably, consistently and is no longer a constraint to production. PureCycle plans to continue optimizing the operatio
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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