Stifel Nicolaus analyst Michael E. Hoffman maintained a Buy rating on PureCycle Technologies (PCT – Research Report) yesterday and set a price target of $7.00. The company’s shares closed yesterday at $4.81.
According to TipRanks, E. Hoffman is a 5-star analyst with an average return of 12.0% and a 60.62% success rate. E. Hoffman covers the Industrials sector, focusing on stocks such as Clean Harbors, Fastenal Company, and PureCycle Technologies.
In addition to Stifel Nicolaus, PureCycle Technologies also received a Buy from TD Cowen’s Thomas Boyes in a report issued yesterday. However, on March 7, Craig-Hallum reiterated a Hold rating on PureCycle Technologies (NASDAQ: PCT).
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Based on PureCycle Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $24.18 million. In comparison, last year the company had a GAAP net loss of $9.36 million
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PureCycle Technologies (PCT) Company Description:
Roth CH Acquisition I Co is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
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