Abundance Wealth Counselors Aggressively Expands Stake in PureCycle Technologies

Abundance Wealth Counselors has substantially increased its exposure to PureCycle Technologies (NASDAQ: PCT), acquiring 6,722,837 shares during the first quarter of 2026. Based on average quarterly pricing, the transaction is estimated at approximately $55.99 million. The investment brings the fund's total holding to 8,536,527 shares, valued at $44.30 million as of March 31. PureCycle now represents 6.35% of the fund's total assets under management, signaling a high-conviction bet on the company's proprietary polypropylene recycling technology. PureCycle specializes in converting post-consumer waste into ultra-pure recycled resin. While the company remains a high-risk play—with expenses exceeding revenues over the last 12 months—it is expanding its operational footprint. A recent 40 million euro grant from the European Climate, Infrastructure and Environment Executive Agency (CINEA) will fund the ASTRA PP project in Belgium's Port of Antwerp-Bruges, aiding the company's alignment with EU climate regulations. Despite the institutional backing, the stock remains a focal point for volatility. As of March 31, short interest stood at 40.15% of the float, the highest in the industrials sector at the end of 2025. This positioning creates a potential for significant price swings, particularly ahead of the company's first-quarter update scheduled for May 6.