PureCycle Technologies (NASDAQ:PCT) Announces Earnings Results

PureCycle Technologies (NASDAQ:PCT) issued its quarterly earnings data on Thursday. The company reported $999.00 EPS for the quarter, beating the consensus estimate of ($0.25) by $999.25, reports.

Here are the key takeaways from PureCycle Technologies’ conference call:

• Operational ramp momentum: Denver added a third shift and processed 14 million pounds in Q4 (44% increase vs Q3) while Ironton set quarterly and daily production records (7.5M lbs); a planned April–May turnaround is expected to further improve reliability and push toward nameplate capacity in 2026.
• Commercial traction: the company recorded $2.7 million in Q4 revenue (fourth consecutive quarter of sequential growth), is actively shipping to 11 customers, and reports a pipeline of over 170 active projects with branded margins in line with guidance.
• Regulatory timing risk: slower approvals in New Jersey could delay conversion of an estimated 15–30 million pounds of near‑term demand, pushing some of the expected ramp into 2026 despite customer and CPG lobbying on PureCycle’s behalf.
• Global expansion progress: Rayong (Thailand) has nine feedstock LOIs and a BOI application (potential ~$100M tax benefit), Antwerp permitting is on schedule with a €40M EIF grant, and Thailand groundbreaking is targeted for H2 2026 with completion in 2027.
• Long‑term cost opportunity from Gen‑2: initial engineering indicates scalable designs (toward ~500M lbs) with estimated greenfield capex ≈ $1.50/lb and brownfield ≈ $1.00/lb, and a path to cash costs below virgin PP, which could materially improve future returns.

PureCycle Technologies Trading Down 8.5%

Shares of PCT stock traded down $0.75 on Thursday, hitting $8.12. 6,361,462 shares of the stock traded hands, compared to its average volume of 3,057,073. The company has a debt-to-equity ratio of 5.21, a quick ratio of 2.15 and a current ratio of 2.24. PureCycle Technologies has a twelve month low of $5.40 and a twelve month high of $17.37. The firm’s 50-day moving average price is $9.71 and its two-hundred day moving average price is $11.10. The stock has a market capitalization of $1.46 billion, a PE ratio of -5.56 and a beta of 2.05.

Analyst Ratings Changes

A number of equities analysts have weighed in on PCT shares. TD Cowen restated a “hold” rating and set a $9.00 price objective (down from $16.00) on shares of PureCycle Technologies in a research report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of PureCycle Technologies in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.67.

Hedge Funds Weigh In On PureCycle Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in shares of PureCycle Technologies by 6,571.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,602 shares of the company’s stock worth $34,000 after buying an additional 2,563 shares during the last quarter. Advisory Services Network LLC acquired a new position in PureCycle Technologies in the third quarter valued at approximately $35,000. CIBC Asset Management Inc purchased a new position in PureCycle Technologies in the fourth quarter worth approximately $90,000. SummitTX Capital L.P. acquired a new stake in PureCycle Technologies during the fourth quarter worth $90,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in PureCycle Technologies in the fourth quarter valued at $91,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.