Latest news with #PureCycle

Yahoo
09-07-2025
- Business
- Yahoo
Pure Cycle Announces Financial Results For the Three and Nine Months Ended May 31, 2025
DENVER, CO / / July 9, 2025 / Pure Cycle Corporation (NASDAQ Capital Market:PCYO) announced its financial results for the three and nine months ended May 31, 2025. Pure Cycle reported $2.3M of net income for the three months ended May 31, 2025, which marks our twenty-fourth consecutive fiscal quarter with positive net income. Pure Cycle is continuing to develop its Sky Ranch Master Planned Community, despite volatility in the market. We believe our segment pricing (entry level) lots and the low inventory of entry level housing in the Denver market continues to help Sky Ranch navigate a changing market better than other surrounding and significantly higher priced communities. We have completed the development of Phase 2A, and we are finishing our landscaping and warranty work on Phase 2B as our national homebuilder partners have begun construction in Phase 2B with nearly 75% of homes either sold or under construction. We are actively developing Phase 2C, with final paving underway, and we anticipate delivering finished lots by the end of fiscal 2025. Additionally, we have begun the utility work in Phase 2D and expect to complete these lots in the first half of fiscal 2026. Finally, we have started platting our next subphase, Phase 2E. We expect to have lots in Phase 2E ready for our national homebuilder partners by the end of calendar 2026 but plan to pace construction to match builder absorptions. Pure Cycle continues to drive income from its resource rich asset base and in the three and nine months ended May 31, 2025, we reported an increase in our royalty revenues from our oil and gas mineral interest at Sky Ranch, where an additional six wells were completed in 2024 that began producing during this fiscal year. Our capital management and balance sheet strategy remains focused on growth and shareholder returns. We are prioritizing investment in our ongoing development projects while utilizing available liquidity to continue our share repurchase program and reserving sufficient capital for strategic development initiatives and land acquisitions. Q3 and YTD 2025 Highlights Revenues for the three and nine months ended May 31, 2025 of $5.1 million and $14.9 million, which drove pre-tax income of $3.0 million and $9.3 million; Net income for the three and nine months ended May 31, 2025 of $2.3 million and $7.0 million; Royalty income for the three and nine months ended May 31, 2025 of $1.1 million and $5.9 million; EBITDA for the three and nine months ended May 31, 2025 of $3.6 million and $11.3 million (see table below for reconciliation of net income to EBITDA); Cash & cash equivalents totaled $14.4 million as of May 31, 2025; For the three and nine months ended May 31, 2025, we delivered 76 and 443 acre-feet of water. Net Income to EBITDA Reconciliation We continue our profitability as shown in the table below: Three Months Ended Nine Months Ended (In thousands) May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024 Net Income $ 2,256 $ 2,825 $ 7,002 $ 5,008 Add back: Interest expense, net 101 109 319 328 Taxes 737 1,027 2,275 1,805 Depreciation / amortization 534 561 1,677 1,579 EBITDA $ 3,628 $ 4,522 $ 11,273 $ 8,720 Earnings per common share - basic and diluted Basic $ 0.09 $ 0.12 $ 0.29 $ 0.21 Diluted $ 0.09 $ 0.12 $ 0.29 $ 0.21 Weighted average common shares outstanding: Basic 24,076,022 24,087,170 24,077,188 24,085,578 Diluted 24,143,534 24,143,039 24,166,926 24,146,361 "We believe that with market volatility and weakening consumer confidence, our strong balance sheet, significant cash liquidity, entry level market segmentation and our just in time delivery of finished lots to our homebuilder partners continues to differentiate us as one of the regions premier land developers," commented Mark Harding, CEO of Pure Cycle. "Based on market data, very few land developers in the Denver market deliver finished lots and partner with homebuilders to deliver lots in annual just in time quantities which has led to our return buyer retention among our national homebuilder customers. We are pleased to continue to serve our homebuilder customers and deliver an outstanding master planned community," continued Mr. Harding. Q3 and YTD 2025 Financial Summary Revenues For the three months ended May 31, 2025 and 2024, we reported total revenue of $5.1 million and $7.6 million with $2.3 million and $2.5 million being generated in our water and wastewater resource development segment, $2.7 million and $5.0 million generated by our land development segment, and $0.1 million and $0.1 million reported in our single-family rental business. For the nine months ended May 31, 2025 and 2024, we reported total revenue of $14.9 million and $16.2 million with $8.0 million and $7.6 million being generated in our water and wastewater resource development segment, $6.5 million and $8.3 million generated by our land development segment, and $0.4 million and $0.4 million reported in our single-family rental business. For the three months ended May 31, 2025 and 2024, we sold 40 and 20 water or water and wastewater taps for $1.7 million and $0.6 million. For the nine months ended May 31, 2025 and 2024, we sold 130 and 35 water or water and wastewater taps for $5.3 million and $1.2 million. As of May 31, 2025, we have sold 904 water and wastewater taps at Sky Ranch in Phases 1, 2A, 2B and 2C. Based on current prices and engineering estimates, we believe Phase 2 of Sky Ranch will generate more than $20 million in water and wastewater tap fee revenue and cash over the next three years. As of May 31, 2025, the first development phase (509 lots) is complete and the second development phase (1,032 lots) is being developed in five subphases, referred to as Phase 2A (229 lots), Phase 2B (211 lots), Phase 2C (228 lots), Phase 2D (218 lots) and Phase 2E (146 lots). As of May 31, 2025, Phase 2A is 100% complete, Phase 2B is approximately 96% complete, Phase 2C is approximately 68% complete, Phase 2D is approximately 29% complete and Phase 2E is expected to begin development work in fiscal 2026. Phase 2B is substantially completed with some landscaping and warranty items remaining. Phase 2C is expected to be substantially completed by the end of Pure Cycle's fiscal 2025, Phase 2D is expected to be completed in fiscal 2026, and Phase 2E is expected to be completed by the end of calendar 2026. As of May 31, 2025, the single-family rental business had 14 homes built and rented in Sky Ranch and 17 additional homes under contract to build in Phase 2B, all of which the Company believes will be available for rent in fiscal 2026. As noted in the prior quarters, due to the overwhelming demand for rental homes at Sky Ranch, we expect to have a total of 98 homes in Phases 1 and 2 with the ability to support more than 200 homes once Sky Ranch is built out. "Pure Cycle is well positioned in the market to scale our land development activities to match market demands as we navigate a volatile market. Our earnings continue to showcase the strength and diversity of our portfolio of assets through royalty income and our water and wastewater infrastructure with high margins in water and wastewater tap sales," stated Marc Spezialy, CFO of Pure Cycle. "We are also pleased to announce that we have begun construction on our next group of 17 single-family homes to be built in Phase 2B, which will be available for rent in fiscal 2026," concluded Mr. Spezialy. Working Capital With the recent uncertainty in the capital markets our Company is well positioned with a strong balance sheet and working capital (current assets less current liabilities) of $18.1 million as of May 31, 2025, which includes $14.4 million of cash and cash equivalents. This allows us not only to execute delivering lots to our homebuilder customers but to capitalize on acquisition opportunities as they may become available. Q3 and YTD 2025 Operational Summary Water and Wastewater Resource Development Water deliveries decreased for the three months ended May 31, 2025, to 76 acre-feet delivered as compared to 394 acre-feet delivered for 2024. Water deliveries decreased for the nine months ended May 31, 2025, to 443 acre-feet delivered as compared to 1,422 acre-feet delivered for decreases were due to a decrease in water sold to oil and gas operations, which is not part of our recurring water revenue to residential customers. Oil and gas operations are highly variable and dependent on oil prices, demand for gas, and the timing of development of other leases in our service areas. As Sky Ranch continues to develop, we anticipate continued growth in our residential water and wastewater service revenues. The water and wastewater tap sales increased in 2025 to $1.7 million compared to $0.6 million in 2024 for the three months ended and increased in 2025 to $5.3 million compared to $1.2 million in 2024 for the nine months ended, primarily due to the timing of development activities in Phase 2B. Land Development For the three months ended May 31, 2025, lot sales revenue decreased to $2.5 million as compared to $4.8 million in 2024. For the nine months ended May 31, 2025, lot sales revenue decreased to $6.0 million as compared to $7.9 million in 2024. The decrease in lot sales revenue for the three and nine months is primarily due to the timing of finished lot deliveries. When we transfer title to lots to homebuilders under contracts where we remain obligated to deliver finished lots, the sales of such lots are recognized using the percentage of completion method. Therefore, revenue will fluctuate due to timing of construction activities as well as the number of lots under milestone payment contracts throughout Phase 2. Single-Family Rentals Rental income for the three and nine months ended May 31, 2025 and 2024 was consistent at $0.1 million for the three months ended and $0.4 million for the nine months ended as both periods represented the 14 completed homes in our portfolio. An additional 17 homes are under contract to be built in Phase 2B, which the Company believes will be available for rent in fiscal 2026. Earnings Presentation Information Pure Cycle will host an earnings presentation on Thursday July 10, 2025, at 8:30AM Eastern (6:30AM Mountain) to discuss the financial results and answer questions. For an interactive experience, including the ability to ask questions and view the slide presentation, please register and join the event via the link below. Call in access will be in listen-only mode. See below for event details. Additionally, we will post a detailed slide presentation on our website, which will provide an overview of Pure Cycle and present summary financial results and can be accessed at When: 8:30AM Eastern (6:30AM Mountain) on July 10, 2025 Event link: Call in number: 872-240-8702 (access code: 339 096 271#) Replay: Other Important Information The table below presents our consolidated results of operations for the three and nine months ended May 31, 2025 and 2024 (unaudited): Three Months Ended Nine Months Ended (In thousands, except share information) May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024 Revenues: Metered water usage from: Municipal customers $ 148 $ 145 $ 507 $ 458 Commercial customers 149 1,432 1,324 5,045 Wastewater treatment fees 102 85 284 258 Water and wastewater tap fees 1,700 581 5,292 1,162 Lot sales 2,526 4,795 5,981 7,906 Project management fees 138 221 507 362 Single-family rentals 131 123 373 357 Special facility projects and other 246 222 619 639 Total revenues 5,140 7,604 14,887 16,187 Cost of revenues: Water service operations 533 564 1,418 1,628 Wastewater service operations 237 173 642 513 Land development construction costs 437 1,192 2,060 1,961 Project management costs 106 154 360 401 Single-family rental costs 40 71 133 161 Depletion and depreciation 409 410 1,248 1,132 Other 121 174 576 406 Total cost of revenues 1,883 2,738 6,437 6,202 General and administrative expenses 1,798 1,647 6,295 5,082 Depreciation 125 151 429 447 Operating income 1,334 3,068 1,726 4,456 Other income (expense): Interest income - related party 417 217 1,223 1,156 Interest income - Investments 210 279 675 873 Oil and gas royalty income, net 1,140 392 5,857 479 Oil and gas lease income, net - 18 - 56 Other, net (7 ) (13 ) 115 121 Interest expense, net (101 ) (109 ) (319 ) (328 ) Income from operations before income taxes 2,993 3,852 9,277 6,813 Income tax expense (737 ) (1,027 ) (2,275 ) (1,805 ) Net income $ 2,256 $ 2,825 $ 7,002 $ 5,008 Earnings per common share - basic and diluted Basic $ 0.09 $ 0.12 $ 0.29 $ 0.21 Diluted $ 0.09 $ 0.12 $ 0.29 $ 0.21 Weighted average common shares outstanding: Basic 24,076,022 24,087,170 24,077,188 24,085,578 Diluted 24,143,534 24,143,039 24,166,926 24,146,361 The following table presents our consolidated financial position as of May 31, 2025 (unaudited) and August 31, 2024 (audited): (In thousands, except shares) May 31, 2025 August 31, 2024 ASSETS: (unaudited) Current assets: Cash and cash equivalents $ 14,392 $ 21,946 Trade accounts receivable, net 1,331 1,472 Income taxes receivable 633 - Prepaid expenses and other assets 781 530 Land under development 8,068 3,647 Reimbursable public improvements and project management fees - 10,100 Total current assets 25,205 37,695 Restricted cash 6,065 3,412 Investments in water and water systems, net 64,954 60,486 Construction in progress 2,473 3,161 Single-family rental units 4,891 5,059 Land and mineral rights: Held for development 4,513 3,683 Held for investment purposes - 451 Held for sale 352 - Other assets 1,326 1,164 Notes receivable - related parties, including accrued interest Reimbursable public improvements and project management fees 40,600 30,864 Other 1,222 1,221 Operating leases - right of use assets 138 158 Total assets $ 151,739 $ 147,354 LIABILITIES: Current liabilities: Accounts payable $ 2,607 $ 1,948 Accrued liabilities 2,303 1,514 Accrued liabilities - related parties 911 2,208 Income taxes payable - 1,442 Deferred lot sales revenue 984 2,173 Deferred water and other sales revenue 2 - Debt, current portion 346 64 Total current liabilities 7,153 9,349 Debt, less current portion 6,512 6,821 Deferred tax liability, net 1,395 1,395 Lease obligations - operating leases, less current portion 4 87 Total liabilities 15,064 17,652 Commitments and contingencies SHAREHOLDERS' EQUITY: Series B preferred shares: par value $0.001 per share, 25 million authorized; 432,513 issued and outstanding (liquidation preference of $432,513) - - Common shares: par value 1/3 of $.01 per share, 40.0 million authorized; 24,074,305 and 24,063,894 outstanding, respectively 80 80 Additional paid-in capital 175,419 175,125 Accumulated deficit (38,824 ) (45,503 ) Total shareholders' equity 136,675 129,702 Total liabilities and shareholders' equity $ 151,739 $ 147,354 Company Information Pure Cycle continues to grow and strengthen its operations, grow its balance sheet, and drive recurring revenues. We operate in three distinct business segments, each of which complements the other. At our core, we are an innovative and vertically integrated wholesale water and wastewater service provider. In 2017, we launched our land development segment which develops master planned communities on land we own and to which we provide water and wastewater services. In 2021, we launched our newest line of business, the rental of single-family homes located at Sky Ranch, which provides long-term recurring revenues, furthers our land development operations, and adds more customers to our water resource segment. Additional information, including our recent press releases and SEC filings, is available at or you may contact our President, Mark W. Harding, or our CFO, Marc Spezialy, at 303-292-3456 or info@ Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, such as statements about the following: factors that differentiate us in the market and our belief that we are well positioned in the market; the timing of completion and availability for rent of our rental units; the number of rental units we may be able to add as Sky Ranch builds out; timing of development at Sky Ranch, including timing of delivery of finished lots and plans to pace construction to match builder absorptions; future water and wastewater tap sales and revenues; timing of future home construction by our home builder customers; the strength of the Sky Ranch market, including the demand for entry-level and rental homes; and forecasts about our expected financial results. The words "anticipate," "likely," "may," "should," "could," "will," "believe," "estimate," "expect," "plan," "intend," "potential" and similar expressions are intended to identify forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ from projected results include, without limitation: home mortgage interest rates, inflation, trade policies, tariffs, and other factors impacting the housing market and home sales; the risk factors discussed in Part I, Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended August 31, 2024; and those factors discussed from time to time in our press releases, public statement and documents filed or furnished with the U.S. Securities and Exchange Commission. SOURCE: Pure Cycle Corporation View the original press release on ACCESS Newswire

Yahoo
09-07-2025
- Business
- Yahoo
Pure Cycle: Fiscal Q3 Earnings Snapshot
WATKINS, Colo. (AP) — WATKINS, Colo. (AP) — Pure Cycle Corp. (PCYO) on Wednesday reported profit of $2.3 million in its fiscal third quarter. The Watkins, Colorado-based company said it had net income of 9 cents per share. The water and wastewater services company posted revenue of $5.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PCYO at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
PureCycle (PCT) Raises Capital to Scale Global Recycling Footprint
Purecycle Technologies Inc. (NASDAQ:PCT) is one of the top 10 stock picks from Harvard University's stock portfolio. The Harvard Management Co. has maintained its position in the stock (around 2.5 million shares or 1.5% of the portfolio's weight) versus the last quarter. On June 17, 2025, PureCycle Technologies announced a $300 million capital raise through binding agreements with both new and existing investors, including Duquesne Family Office, Samlyn Capital and Sylebra Capital. This funding will support the company's long-term growth strategy, scaling its polypropylene recycling capacity to one billion pounds by 2030, with a projected EBITDA target of $600 million. A worker sorting recyclable materials on a conveyor belt inside a Material Recovery Facility. The capital raise coincides with PureCycle's expansion into Southeast Asia through a strategic partnership with IRPC Public Company Limited. Together, they plan to build a 130-million-pound recycling facility at IRPC's industrial zone in Rayong, Thailand. Construction is scheduled to begin in the second half of 2025, with operations expected by mid-2027. The partnership enables PureCycle to leverage existing infrastructure and reduce construction costs. Parallel expansion efforts are underway in both Europe and the United States. The company plans to replicate its recent successes by enhancing its facilities in Antwerp, Belgium, and by developing a large-scale Gen 2 plant in Augusta, Georgia, with a capacity of over 300 million pounds. Engineering work for the Augusta site is ongoing, with permitting and construction milestones scheduled for 2026, and an operational ramp-up is expected by 2029. (At the time of writing this article, this funding transaction was expected to close by June 20). With these aggressive expansion projects, their scale, and geographic diversity, the company appears confident in the commercial traction and operational learnings from its Ironton facility. PureCycle Technologies Inc. (NASDAQ:PCT) is a recycling company. The Company focuses on commercializing a dissolution recycling technology that physically separates polymer from other plastics, color, and contaminants, thereby restoring waste polypropylene into resin with similar properties and applicability for reuse as virgin polypropylene. While we acknowledge the potential of PCT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
PureCycle plans to add 1B pounds of capacity by 2030
This story was originally published on Waste Dive. To receive daily news and insights, subscribe to our free daily Waste Dive newsletter. PureCycle plans to add 1 billion pounds of capacity before 2030 by opening new facilities in Belgium and Thailand. The Florida-based recycled resin producer will also continue with plans to build its purification facility in Augusta, Georgia. Plans include building a production line in Rayong, Thailand, capable of producing 130 million pounds annually, and another in Antwerp, Belgium. Both locations offer 'access to mature feedstock opportunities, strong infrastructure synergies and low-risk expansion opportunities,' the company said in a news release. The major expansion plans, expected to cost around $2 billion, are backed by a $300 million series B capital raise from a group of new and existing investors. PureCycle expects the Rayong facility to open in mid-2027, while the Antwerp facility is expected to open in 2028. The announcement signals a new business strategy for PureCycle, which produces recycled resin using a solvent process. It spent the better part of 2024 and early 2025 working to catch up after a series of operational and budget challenges marked by mechanical problems at its flagship Ironton, Ohio, facility. After several processing setbacks and years of reported earnings losses, PureCycle announced Q1 revenue of $1.6 million, the first reported revenue in the company's history. During an earnings call in May, CEO Dustin Olson attributed that change to improved production volume, better uptime at the Ironton facility and higher sales demand for its PureFive resin. Fixing key problems at Ironton was a critical step toward being ready to execute the company's larger global production plan, Olson said during a call with investors on June 17. 'We have learned a tremendous amount from our experiences of scaling and ramping Ironton and building out feedstock infrastructure, developing commercial relationships and qualifying numerous customer applications,' he said. Olson said a combination of factors will help grow demand for PureCycle's recycled resin, including extended producer responsibility laws and minimum recycled content laws in the U.S. and Europe. Packaging waste regulations are ramping up in Europe. 'We believe an enormous addressable market ahead of us is there for the taking,' Olson said. 'We aim to be the first global recycling company that can serve global brands with high-quality product consistently, regardless of location or feedstock.' The planned new facility locations in Thailand and Belgium are meant to optimize PureCycle's business operations and 'structure a growth plan that we believe is the lowest risk, highest return and fastest to market,' he said during the call. Series B investors for this round include Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors and Sylebra Capital Management. The series B funding is structured as convertible perpetual preferred stock. Shares will pay dividends of 7% a year and can be paid in kind or in cash at the company's discretion, Olson said. The stock has a conversion premium of 30% of the 10-day volume weighted average price set on June 16, the day of the deal's closing, PureCycle said. Olson said the $300 million cash infusion from investors, along with 'other capital sources,' will allow PureCycle to fund the full $2 billion price tag for the planned additions with about $300 million in 'excess financing resources.' The entire project is expected to result in about $600 million of run rate earnings before interest, taxes, depreciation and amortization, he told investors during the call. In Thailand, this plan will be propelled by a new partnership between PureCycle and IRPC Public Company Ltd. to build a new polypropylene recycling facility, located in an IRPC's 'eco-industrial zone' where IRPC already operates, Olson said. PureCycle says it can use IRPC's existing site infrastructure to reduce the costs of its own construction activities. PureCycle expects to start construction there in the 'second half' of 2025, the company said in a news release. Meanwhile, PureCycle is working to receive final permits to build in Belgium, which it expects to be in hand sometime in 2026, Olson said. PureCycle will still build out a facility in Augusta, Georgia, where it originally broke ground in 2022. Olson said the company has decided to move 230 million pounds of capacity 'earmarked' for the Augusta facility to Thailand and Belgium because those locations already have existing infrastructure and lower capital expenditure costs that can bring those projects online faster. 'For Augusta, we're going to focus on finalizing the engineering work we've already been working on' for what it dubs the facility's Generation 2 design, expected to have a capacity of about 300 million pounds a year before compounding. PureCycle plans to announce the actual design capacity in early 2026, he said. Pre-processing capabilities at the site are expected to be operational by mid-2026, and PureCycle will be 'integrating the learnings from Ironton' into Augusta and future facility designs, the company said in a news release. The first purification line in Augusta is expected to be operational in 2029. Recommended Reading PureCycle reports 'significant progress' toward profitability in Q4 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
Why PureCycle Technologies Stock Was on Fire This Week
$300 million should hit the company's coffers soon. It raised this amount via an issue of convertible preferred shares. Speaking of raises, one analyst upped his price target on the stock. 10 stocks we like better than PureCycle Technologies › For the second week in a row, next-generation plastic recycling specialist PureCycle Technologies (NASDAQ: PCT) was quite the hit on the stock exchange. Thanks to a successful round of capital raising and a bullish analyst note on its prospects, the company's shares were trading nearly 21% higher week to date early Friday morning, according to data compiled by S&P Global Market Intelligence. PureCycle has managed to raise $300 million in fresh capital commitments from a mix of former and new investors. It did so via a flotation of convertible preferred shares. With these funds coming to its coffers, the company also announced that it aims to bring 1 billion pounds of installed recycling capacity onstream by 2030. That $300 million will help it expand its current operations in Augusta, Georgia, and build new facilities overseas in Asia (specifically Thailand) and Europe (Belgium). In its press release on the matter, PureCycle quoted CEO Dustin Olson: "Over the last several years, we have continued to invest time and resources in progressing our global growth plans and this capital will allow us to execute on those plans." Meanwhile, also over the past few days, an analyst covering PureCycle stock felt compelled to publish a bullish note on the company (this occurred on Monday, so it didn't address the convertible preferred stock issue). In his new PureCycle note, Cantor Fitzgerald's Andrew Sheppard reiterated his overweight (i.e., buy) recommendation on the stock and his $12-per-share price target. According to reports, he cited the company's early-mover advantage in its niche, its exclusive technology, and what he considers its large addressable market as key factors in his rating. Before you buy stock in PureCycle Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and PureCycle Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why PureCycle Technologies Stock Was on Fire This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data