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Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $16.00 price target on PureCycle Technologies (NASDAQ:PCT), citing the company’s production achievements and expanding commercial pipeline. The stock, currently trading at $12.35, has shown remarkable strength with a 96% return over the past year, though InvestingPro analysis indicates the stock is trading above its Fair Value.
The company produced 3.4 million pounds of resin in Q2 2025, achieving approximately 87% onstream time in both April and May, with 65 consecutive days of production. PureCycle also completed a rate test in August at 14,000 pounds per hour, approaching its nameplate capacity. Despite these operational achievements, InvestingPro data shows the company faces financial challenges with a weak overall health score and short-term obligations exceeding liquid assets.
PureCycle is currently engaged in post-trial negotiations for 17 applications and maintains a pipeline of 26 active trials and 70 pending trials across packaging, film, and textile applications for both food and non-food uses. Management estimates this pipeline represents potential resin sales of 76-82 million pounds.
The company announced a new partnership with Emerald Carpets for approximately 5 million pounds of PureFive resin over the next 12 months, with options to increase volume over time. Cantor Fitzgerald expects PureCycle’s revenues to begin ramping up materially in Q4 2025 and throughout 2026.
Cantor Fitzgerald also highlighted the significance of PureCycle’s recent $300 million capital raise, which strengthens the company’s liquidity position and extends its capital runway into 2027, while noting the company’s advantages from patented technology through Procter & Gamble, first-mover status, and scalability potential.
In other recent news, PureCycle Technologies has announced a significant $300 million capital raise to bolster its expansion plans. This funding aims to help the company reach its target of one billion pounds of installed recycling capacity by 2030, with global expansion efforts across the United States, Europe, and Asia. The capital infusion comes from a diverse group of investors, including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors, and Sylebra Capital Management. In addition, Cantor Fitzgerald has reiterated its Overweight rating on PureCycle Technologies, maintaining a price target of $12.00 and expressing confidence in the company’s long-term prospects. The firm highlighted PureCycle’s patented technology and first-mover advantage as key strengths. Cantor Fitzgerald also noted increased investor interest in the company’s operations, particularly regarding progress at its Ironton facility and the ramp-up of its Augusta production facility. Furthermore, PureCycle has announced a partnership with Emerald Carpets to enhance its recycling initiatives. These developments indicate the company’s ongoing efforts to expand its market presence and operational capacity.
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