We recently published 10 Stocks With Easy 7-38% Upside in Just a Day. PureCycle Technologies, Inc. (NASDAQ:PCT) is one of the best performers on Wednesday.
PureCycle extended its rally to a second day on Wednesday, jumping 9.26 percent to close at $14.86 apiece as investors turned optimistic about the potential implications of a newly secured certification to its sales.
In a statement, PureCycle Technologies, Inc. (NASDAQ:PCT) said it successfully received a Post-Consumer Resin (PCR) certification for its primary grade of PureFive resin, HPP15-100, from the Association of Plastic Recyclers (APR).
Photo by Nick Fewings on Unsplash
The grade was said to be of high interest to consumers looking for a one-pellet solution that can work in applications where it has historically been difficult to introduce recycled content.
The certification, on the other hand, could bolster the chances for PureCycle Technologies, Inc. (NASDAQ:PCT) to become a preferred supplier to customers that require certified recycled content.
“[It is] great to have this certification that validates the source of our recycled content. A reliable, transparent market for post-consumer material is a critical step in building a circular economy and reducing plastic waste,” said PureCycle Technologies, Inc. (NASDAQ:PCT) CEO Dustin Olson.
“We’ve seen an increasing demand from our customers for third-party certifications, such as APRs, and we expect this certification to assist in the ongoing commercialization of our PureFive resin,” he added.
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