NEW YORK — PureCycle Technologies Inc. shares surged more than 23% in morning trading Thursday, climbing to $12.57 as investors cheered the company's accelerating commercial momentum, record quarterly production and favorable regulatory developments supporting its recycled polypropylene business.

The Nasdaq-listed company, which specializes in turning post-consumer plastic waste into ultra-pure recycled resin, has seen renewed enthusiasm after reporting its strongest operational quarter to date. PureCycle produced a record 8.4 million pounds of its PureFive resin in the first quarter of 2026, while processing approximately 10 million pounds of feedstock — both new highs. Revenue reached $4.1 million, marking the fifth consecutive quarter of sequential growth and beating analyst expectations.

CEO Dustin Olson expressed strong confidence during the May 6 earnings call. "Business momentum entering 2026 is the strongest it has been," he said. "Our confidence in the commercial ramp over the remainder of 2026 has never been higher." The company highlighted the successful turnaround of its Ironton, Ohio facility ahead of schedule and under budget, along with eight new branded customer conversions across multiple product categories.

A major catalyst for today's surge appears to be PureCycle's recent regulatory win in New Jersey. The state's Department of Environmental Protection granted one-year conditional approval for PureCycle's PureFive resin as post-consumer........

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