PureCycle Gains From First-Mover Advantage And Unique Recycling Technology, Analyst Highlights Expansionary Moves

Cantor Fitzgerald analyst Andres Sheppard initiates coverage on PureCycle Technologies, Inc. (NASDAQ:PCT) with an Overweight rating and a price forecast of $14.

According to the analyst, the company enjoys a differentiated technology and first-mover advantage, along with a large total addressable market (TAM) and the ability to scale up. It also benefits from a globally patented purification polypropylene recycling technology developed in partnership with Procter & Gamble Company.

This FDA-approved technology employs a unique process that effectively removes odor and color from plastic waste, the analyst notes.

The analyst highlights that PureCycle plans to sell its UPR resin to a diverse ...

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