PureCycle Hits New Regulatory Milestone, Surges 21. 5% PureCycle Technologies Inc. (NASDAQ:PCT) has achieved a significant regulatory milestone, with its stock surging 21. 5% to $12.
39 per share after receiving approval from New Jersey's Department of Environmental Protection for its PureFive resin as "post consumer recycled content" under the state's Recycled Content Law.
The law sets ambitious targets for manufacturers to meet minimum thresholds of post consumer recycled content in their products, with a gradual increase from 10% in 2024 to 50% over the next decade.