Added to YB: 2024-11-08
Pitch date: 2024-11-08
PCT [bullish]
PureCycle Technologies, Inc.
-27.32%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
Company Info
PureCycle Technologies, Inc. engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled PP resin, PureFive, which has various applications, including packaging and labeling for consumer products, textiles, and plastic parts for various industries.
Market Cap
$2.2B
Pitch Price
$12.08
Price Target
40.00 (+356%)
Dividend
N/A
EV/EBITDA
-23.90
P/E
-7.29
EV/Sales
N/A
Sector
Chemicals
Category
growth
PureCycle Technologies: Risk and Reward in the Polypropylene Recycling Revolution
PCT: Polypropylene recycling tech proven at small scale, first plant operational. Commercialization next quarter. High risk/reward. Upside: $40/share in 5yrs (3x) if 1.1B lb/yr capacity, $1B rev, 50% EBITDAM. Downside: -50%. 150% short interest on float. Revenue ramps Q4, breakeven at 40-50% utilization.
Read full article (4 min)