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

Stock Track

Feb 27, 2025

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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":0,"need_auth":false,"code":"91000000","status":"200"}}}