German construction sector still in recession, civil engineering only bright spot
Investing.com - Cantor Fitzgerald has reiterated an Overweight rating for PureCycle Technologies (NASDAQ:PCT) with a price target of $16.00, representing potential upside from the current price of $13.30. According to InvestingPro data, PCT has delivered an impressive 50.79% return over the past year, though the stock shows significant price volatility.
The firm maintained its positive outlook following PCT’s September 9 announcement regarding successful large-scale biaxially oriented polypropylene (BOPP) film trials using its PureFive resin.
The trials, conducted in August by Germany-based Brückner Maschinenbau GmbH, produced two different film varieties - a 25 micron multi-layer film commonly used in food packaging and a thicker film of approximately 50 microns typically used for labels.
During the trial, PureCycle Technologies produced 16,000 meters of approximately 1 meter wide BOPP film at various thickness levels.
Cantor Fitzgerald analyst Andres Sheppard maintained the $16.00 price target, suggesting significant upside potential from PCT’s current trading levels.
In other recent news, Purecycle Technologies Holdings Corp reported its earnings for the second quarter of 2025, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of -$0.81, significantly below the anticipated -$0.208. Additionally, Purecycle reported revenue of $1.65 million, which was much lower than the forecasted $2.7 million. These results highlight a notable miss on both earnings and revenue fronts. The company’s financial performance has attracted attention from investors and analysts alike. Following the earnings announcement, Purecycle’s stock experienced a decline in after-hours trading. These developments have sparked interest in the company’s future financial strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.