TD Cowen has downgraded Purecycle Technologies Inc (PCT) from Buy to Hold as of November 23, 2025. The current price stands at $8.37.
This move underscores a shift in sentiment regarding Purecycle's outlook. Analysts may be expressing caution due to competitive pressures, market conditions, or execution risks that could affect the company's performance.
Purecycle Technologies is engaged in recycling waste polypropylene into virgin polymer, headquartered in Orlando, Florida. The company employs 157 full-time staff and went public on June 11, 2020. Its proprietary PureFive resin includes ultra-pure resin and other grades tailored to meet customer specifications. The company's innovative three-step process involves feed pre-processing, purification, and compounding to deliver high-quality recycled products.
In terms of financial performance, Purecycle reported an EPS of -0.19 for Q3 2025, surpassing estimates of -0.27. However, the company has faced challenges, with an EPS of -0.81 in Q2 2025, significantly below expectations.
Looking ahead, upcoming earnings are scheduled for May 5, 2026, with an EPS estimate of -0.21 and revenue projected at $18.8 million. As of November 1, 2025, the analyst consensus on Purecycle stands at 1 Strong Buy, 6 Buy, and 3 Hold, reflecting a generally favorable outlook despite recent downgrades. Analyst ratings can evolve as new information emerges, highlighting the importance of considering multiple factors in investment decisions.