PureCycle Technologies- Walking A Tightrope Amidst Execution Challenges

Richard Drury/DigitalVision via Getty Images Introduction Towards the end of November 2023, we had crafted a piece on PureCycle Technologies, Inc. (NASDAQ:PCT) (NASDAQ:PCTTU), nudging investors to purchase this beaten-down small-cap stock that could potentially benefit from improved business prospects in 2024. We are now revising our rating to a HOLD. The big picture pitch here is that there's an awful lot of polypropylene (PP) that comes into the system every year (170bn p.a. and likely growing at 3.5% CAG ...