PureCycle Stock Jumps 25% as New Jersey Approval Opens Door to Recycled Plastic Demand
Shares of PureCycle Technologies surged Thursday, climbing 24.7% to $12.72 after New Jersey regulators granted the company’s PureFive resin a one-year conditional nod as postconsumer recycled content under the state’s packaging law—a major regulatory hurdle cleared for the recycled-plastics outfit. “Many were simply waiting for this regulatory clarity,” CEO Dustin Olson noted, saying some customers had already expressed interest.
