Northland Capital Markets has initiated coverage on Purecycle Technologies Inc (PCT) with an Outperform rating. The action, taken on August 26, 2025, marks the firm's first assessment of the company's investment potential.
Purecycle Technologies, based in Orlando, Florida, specializes in recycling waste polypropylene into virgin polymer. The company, which went public on June 11, 2020, has a market capitalization of $1.5 billion and employs 157 full-time staff. Its proprietary PureFive resin products include ultra-pure resin and other grades customized for various applications.
The company has faced recent earnings volatility. For Q3 2025, PCT reported an EPS of -$0.19, outperforming the estimate of -$0.27 by 29.4%. However, in Q2 2025, it reported an EPS of -$0.81 against an estimate of -$0.21, reflecting a significant negative surprise of 285.5%. Upcoming earnings are scheduled for August 5, 2026, with an EPS estimate of -$0.18 and revenue expected at $26.7 million.
Analyst consensus as of November 1, 2025, shows 1 Strong Buy, 6 Buy, 3 Hold, and no Sell ratings, indicating a general positive outlook among analysts. The initiation of coverage by Northland Capital Markets underscores the firm’s confidence in Purecycle's growth prospects in the chemicals sector.