PureCycle Gains on EU Certification for Recycled Plastic Resin

PureCycle Technologies is trading higher by 13% on Tuesday after the recycling-technology company reported a regulatory milestone that allows it to sell its PureFive resin to customers in the European Union.

• PCT received REACH Certificate of Compliance, the company said prior to the start of regular trading in New York
  • Also applies in Iceland, Liechtenstein, Norway
• Plans to build first European facility at the port of Antwerp in Belgium; completion expected in mid-2028
• NOTE: Shares are up 45% year-to-date
  • PCT has 4 buys, 2 holds, 0 sells; avg PT $15.50: data compiled by Bloomberg

Link to Statement: PureCycle Receives REACH Certification, Unlocking EU Sales ...