Stock Track | PureCycle Technologies Soars 5% Pre-Market on Optimistic Q4 Update and Path to Commercialization

Stock Track

27 Feb

PureCycle Technologies Inc. (PCT) saw its stock surge over 5% in pre-market trading on Thursday, following the company's Q4 2024 and full-year update that highlighted significant operational improvements and progress towards full commercialization of its plastic recycling technology.

The key highlights driving PCT's pre-market rally include:

Continued enhancements at its Ironton, Ohio recycling facility, achieving record feed rates over 12,500 pounds per hour and onstream time of nearly 70% in December.
Successful product trials and first major sale to companies like Drake Extrusion, Churchill Container, Procter & Gamble, and a leading automotive manufacturer, showcasing the quality of PCT's PureFive™ recycled resin.
The Denver, PA sorting facility coming online to provide high-quality polypropylene bales as feedstock for Ironton.
A $33 million equity raise completed in early February 2025 to support commercialization efforts.

With these positive developments, PCT appears to be making steady progress towards full-scale commercial operations, underpinning investor optimism and the pre-market stock surge.

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(PCT) saw its stock surge over 5% in pre-market trading on Thursday, following the company's Q4 2024 and full-year update that highlighted significant operational improvements and progress towards full commercialization of its plastic recycling technology.</p>\n\n<p>The key highlights driving PCT's pre-market rally include:\n<ul>\n<li>Continued enhancements at its Ironton, Ohio recycling facility, achieving record feed rates over 12,500 pounds per hour and onstream time of nearly 70% in December.</li>\n<li>Successful product trials and first major sale to companies like Drake Extrusion, Churchill Container, Procter & Gamble, and a leading automotive manufacturer, showcasing the quality of PCT's PureFive™ recycled resin.</li>\n<li>The Denver, PA sorting facility coming online to provide high-quality polypropylene bales as feedstock for Ironton.</li>\n<li>A $33 million equity raise completed in early February 2025 to support commercialization efforts.</li>\n</ul>\n</p>\n\n<p>With these positive developments, PCT appears to be making steady progress towards full-scale commercial operations, underpinning investor optimism and the pre-market stock surge.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PCT","symbol_name":"PureCycle Technologies Inc.","start_time":0,"source_url":"","article_id":"1154801391","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154801391","pubTimestamp":1740661990,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PureCycle Technologies Inc.  saw its stock surge over 5% in pre-market trading on Thursday, following the company's Q4 2024 and full-year update that highlighted significant operational improvements and progress towards full commercialization of its plastic recycling technology.The key highlights driving PCT's pre-market rally include:. 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(PCT) saw its stock surge over 5% in pre-market trading on Thursday, following the company's Q4 2024 and full-year update that highlighted significant operational improvements and progress towards full commercialization of its plastic recycling technology.\nThe key highlights driving PCT's pre-market rally include:\n\nContinued enhancements at its Ironton, Ohio recycling facility, achieving record feed rates over 12,500 pounds per hour and onstream time of nearly 70% in December.\nSuccessful product trials and first major sale to companies like Drake Extrusion, Churchill Container, Procter & Gamble, and a leading automotive manufacturer, showcasing the quality of PCT's PureFive™ recycled resin.\nThe Denver, PA sorting facility coming online to provide high-quality polypropylene bales as feedstock for Ironton.\nA $33 million equity raise completed in early February 2025 to support commercialization efforts.\n\nWith these positive developments, PCT appears to be making steady progress towards full-scale commercial operations, underpinning investor optimism and the pre-market stock surge.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1}}}