Why PureCycle Technologies Stock Was on Fire This Week

2025-06-20 13:00:45 ET

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 .

Continue reading