PCT

PureCycle Technologies Inc

Industrial/Transportation, SPAC


Presented:04/19/2021
Price:$23.59
Cap:$2.79B
Current Price:$9.73
Cap:$1.61B

Presented

Date04/19/2021
Price$23.59
Market Cap$2.79B
Ent Value$0.23B
P/E RatioN/A
Book Value$0.50
Div Yield0%
Shares O/S118.32M
Ave Daily Vol612,793
Short Int3.11%

Current

Price$9.73
Market Cap$1.61B
Purecycle Technologies, Inc. engages in recycling waste polypropylene into virgin polymer. The company was founded by John Scott and is headquartered in Orlando, FL.

Publicly traded companies mentioned herein: AptarGroup Inc (ATR), Leidos Holdings Inc (LDOS), L’Oreal SA (OR FP), Nestle SA (NESN SW), Procter & Gamble Co/The (PG), Purecycle Technologies Inc (PCT)

Highlights

The presenter is long shares of Purecycle Technologies Inc (PCT), believing it’s a legitimate green energy investment opportunity based on its innovative recycling process that converts polypropylene (PP) into virgin-quality resin suitable for high-value, food grade consumer products. On March 18, 2021, PCT announced that it had completed its business combination with ROTH CH Acquisition I Co. If PCT’s technology works as his research inputs have indicated, the presenter believes the stock could trade north of $100 per share vs. ~$23/share. 

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Idea Discussion

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