PureCycle Technologies logo 3 Stocks With High Short Interest Still Near Their 52-Week Highs PureCycle Technologies (NASDAQ:PCT) executives used a Roth Capital conference fireside chat to discuss progress at the company’s Ironton, Ohio recycling facility, the timeline and structure of its next plant in Thailand, and how management is approaching commercialization and evolving regulation around recycled plastics. Ironton ramp and operational learnings CEO Dustin Olson said the company has made subst ...

PureCycle Technologies (NasdaqCM:PCT) FY Conference March 23, 2026 12:00 PM ET Company ParticipantsDustin Olson - CEOConference Call ParticipantsGerry Sweeney - Managing Director and Senior Research AnalystGerry SweeneyGood morning, everyone. Gerry Sweeney with Roth Capital. Thanks for joining us today for a fireside chat with PureCycle. This morning we have Dustin Olson, CEO, and Eric DeNatale, IR and Finance. I want to thank you guys for making the trip out here for our conference. Just wanted to jump rig ...

Core Insights - PureCycle Technologies, Inc. is set to participate in the 38th Annual ROTH Conference, where CEO Dustin Olson will discuss the company's global expansion plans and updates [1][2] Company Overview - PureCycle Technologies, Inc. specializes in plastic recycling, holding a global license for a patented dissolution recycling technology developed by Procter & Gamble, aimed at transforming polypropylene plastic waste into a renewable resource [3] Technology and Product - The company's unique purification process effectively removes color, odor, and impurities from polypropylene plastic waste, resulting in PureFive® resin, which can be recycled and reused multiple times [3]

High-rolling investors have positioned themselves bullish on PureCycle Technologies (NASDAQ:PCT), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PCT often signals that someone has privileged information.Today, Benzinga's options scanner spotted 8 options trades for PureCycle Technologies. This is not a typical pattern.T ...

Core Insights - The company has made significant operational progress, particularly at its Denver facility, which processed 14 million pounds of feedstock, a 44% increase compared to the previous quarter, and 35% above its prior quarterly high [1][4][7] - PureCycle Technologies reported $2.7 million in revenue for Q4, marking the fourth consecutive quarter of sequential revenue growth, with a pipeline of over 170 active projects [6][12][13] - The company is advancing its international expansion plans, with projects in Thailand and Antwerp progressing as scheduled [5][17][18] Operational Updates - Denver's feedstock processing increased by 44% compared to Q3, while the Ironton plant set a quarterly production record of 7.5 million pounds [1][7] - The company has successfully added a third shift at the Denver facility and is now sourcing from over 15 feed suppliers, reducing procurement costs by $0.06 per pound over the last year [1][4] - Ironton is expected to undergo a planned maintenance outage between mid-April and mid-May, which historically has improved reliability and production quality [8] Financial Performance - The company is managing a cash burn of $8–9 million per month while extending warrants and repaying high-cost debt to maintain financial flexibility [5][21] - PureCycle repaid $20.3 million of high-cost equipment finance debt and $9.8 million of principal on Ironton bonds during the quarter [22] - The revenue goal remains to reach breakeven at Ironton and then at the corporate level, with core operating costs in line with prior guidance [21] Expansion Plans - The Rayong project in Thailand is on track, with an application submitted to the Board of Investment, targeting an eight-year 100% tax holiday [5][17] - The Antwerp project is also progressing, with permits expected in the second half of 2026 and construction scheduled to begin in early 2027 [18] - The company is focused on local financing for the Thailand project and has made progress on the Antwerp project, including a EUR 40 million grant [22] Regulatory and Commercial Developments - PureCycle's material is accepted in several states and regions, but regulatory delays in New Jersey could postpone 15–30 million pounds of near-term conversions [6][15][16] - The company has shifted focus to applications not requiring New Jersey approval and has added an additional 20–25 million pounds of demand at full ramp [16] - The company has begun monetizing co-products, with prices ranging from $0.25 to $0.03 per pound [14]

Core Insights - PureCycle Technologies, Inc. reported a quarterly loss of $0.42 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.25, marking an earnings surprise of -68.00% [1] - The company generated revenues of $2.7 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 43.45%, compared to zero revenues a year ago [2] - The stock has increased by approximately 3.3% since the beginning of the year, outperforming the S&P 500's gain of 1.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.21 on revenues of $12.05 million, and for the current fiscal year, it is -$0.60 on revenues of $110 million [7] - The estimate revisions trend for PureCycle Technologies was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Waste Removal Services industry, to which PureCycle Technologies belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Another company in the same industry, Quest Resource, is expected to report quarterly earnings of $0.01 per share, reflecting a year-over-year change of +102.2%, with revenues projected at $61.17 million, down 12.6% from the previous year [9]

Financial Data and Key Metrics Changes - The company booked $2.7 million in revenue in Q4, marking the fourth consecutive quarter of sequential revenue growth [17] - Operational and corporate costs for the quarter were $24.5 million, trending within the previously stated range of $8 million-$9 million per month [39][40] - The company repaid $20.3 million of high-cost equipment finance debt and retired $9.8 million of principal on the Ironton bonds [39] Business Line Data and Key Metrics Changes - Denver processed 14 million lbs in Q4, a 35% increase over its prior quarterly high, and added a third shift to ramp up production [13] - Ironton achieved a production of 7.5 million lbs in Q4, hitting new daily records and improving reliability [14] - The company has qualified its material across various food-grade applications, which no mechanical recycler can touch, indicating significant technical progress [18] Market Data and Key Metrics Changes - The pipeline has grown to over 170 active projects, up from roughly 100 a year ago, driven by success in film applications [24] - The regulatory landscape is favorable, with acceptance of the company's material in multiple states and regions, including New Jersey, California, and Europe [19][28] - The company anticipates significant demand from large consumer packaged goods (CPG) brands, which are increasing R&D spending on sustainable packaging [21] Company Strategy and Development Direction - The company aims to convert technical success into accelerated commercial revenue growth in 2026, focusing on scaling production and expanding customer relationships [12][36] - The Thailand project is progressing well, with strong local partnerships and a favorable regulatory environment, expected to break ground in the second half of 2026 [29][32] - The company is also advancing its Gen 2 purification design, which is projected to reduce capital intensity and improve future internal rates of return (IRRs) [34][35] Management's Comments on Operating Environment and Future Outlook - Management expressed strong confidence in the underlying demand for recycled polypropylene, emphasizing that the question is not if brands will adopt recycled content, but when [12] - The company acknowledges that 2025 was a challenging year for customers due to various economic headwinds, but anticipates a shift towards growth in 2026 as brands focus on innovative packaging [21][49] - Management highlighted the importance of building strong relationships with customers and the need for education on new technologies to facilitate adoption [46][56] Other Important Information - The company has received post-consumer resin certification from the Association of Plastic Recyclers, which facilitates compliance with recycled content mandates across various states [28] - The company is actively working on securing local financing for its Thailand project, with significant progress reported in project design and cost estimates [42][66] Q&A Session Summary Question: Can you provide details on the $40 million-$50 million ramp for Q2/Q3? - Management expressed strong conviction in the commercial ramp, noting that customer education and technical successes are key to increasing adoption [45][46] Question: What is the timeline for the New Jersey opportunity? - Management indicated that New Jersey is progressing thoughtfully, and they are actively educating regulators, with expectations for clarity and demand once approvals are secured [53][56] Question: What are the key assumptions behind achieving sub-virgin cash costs in Gen 2? - Management highlighted the scalability of their technology, high yield recovery, and reduced operational costs as key factors in achieving competitive pricing [57][60]

PureCycle Technologies (NasdaqCM:PCT) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAnand Balaji - VP of Industrial Technology Equity ResearchDonald Carpenter - Incoming CFODustin Olson - CEOEric DeNatale - Director of Investor RelationsGerry Sweeney - Managing DirectorJaime Vasquez - Retiring CFOConference Call ParticipantsHassan Ahmed - Senior Equity AnalystJeffrey Campbell - Senior Analyst of Cleantech and SustainabilityLuke Persons - Sell-Side Equity Research Analyst of Clean T ...

Financial Data and Key Metrics Changes - In Q4 2025, PureCycle Technologies reported revenue of $2.7 million, marking the fourth consecutive quarter of sequential revenue growth [17] - Operational and corporate costs for the quarter were $24.5 million, consistent with prior guidance despite increased production-related costs [40][41] - The company aims to reach breakeven at Ironton and then corporate breakeven, with revenue ramp delayed by customer adoption timing [39] Business Line Data and Key Metrics Changes - Denver processed 14 million pounds in Q4, a 35% increase over its prior quarterly high, due to the addition of a third shift [12] - Ironton achieved a production of 7.5 million pounds in Q4, setting new quarterly and daily production records [13] - The company has qualified its materials for various food-grade applications, significantly expanding its customer pipeline to over 170 active projects [10][24] Market Data and Key Metrics Changes - The regulatory environment is increasingly favorable, with acceptance of PureCycle's materials in multiple states and regions, including New Jersey, California, and Europe [19][28] - The total addressable market (TAM) for polypropylene applications is projected to grow significantly, with specific segments like cold beverages and premium pet food showing strong demand [26][27] Company Strategy and Development Direction - The company is focused on converting technical success into accelerated commercial revenue growth in 2026, with a strong emphasis on expanding its customer base and product offerings [11][38] - PureCycle is advancing its projects in Thailand and Antwerp, with expectations for significant operational and financial benefits from these expansions [30][33] - The company is also working on Gen-2 purification design, which is expected to lower capital and operational costs significantly, enhancing its competitive position in the market [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying demand for recycled polypropylene, emphasizing that the question is not if brands will adopt recycled content, but when [11] - The company acknowledges challenges in customer adoption due to external factors like inflation and supply chain issues but believes these headwinds are largely behind them [20][21] - Management highlighted the importance of building strong relationships with customers and the need for thorough testing and qualification processes to ensure product reliability [81] Other Important Information - The company has secured nine letters of intent (LOIs) with regional feedstock suppliers in Thailand, ensuring a robust supply chain for its operations [30] - The company is actively managing its capital structure, including extending warrants and repaying high-cost debt, to ensure financial stability during its growth phase [39][41] Q&A Session Summary Question: Can you provide details on the $40 million-$50 million ramp for Q2/Q3? - Management expressed strong conviction in the commercial ramp, noting that while timing is difficult to predict, they are in active discussions for both single-year and multi-year contracts [46][48] Question: What is the status of the New Jersey opportunity? - Management indicated that New Jersey is progressing thoughtfully, and they are actively educating regulators about the benefits of their technology, which is expected to lead to significant demand once approvals are secured [54][56] Question: What are the key assumptions behind achieving sub-virgin cash costs in Gen-2? - Management explained that the scalability of their technology allows for reduced capital and operational costs, with high yield recovery on polypropylene being a significant advantage [60][62]

Fourth Quarter and Fiscal Year 2025 Corporate Update February 26, 2026 Confidential Information. Do Not Distribute. 11 Confidential Information. Do Not Distribute. Forward-Looking Statements This presentation contains forward-looking statements, including statements about the continued execution of PureCycle's business plan, the expected results of tests and trials, the expected timing of commercial sales, and planned future updates. In addition, any statements that refer to projections, forecasts or other ...