最新ニュース Origin Mat (NASDAQ:ORGN) 株価情報

Origin Mat

Origen Financial

ORIGEN FINANCIAL

Origin Materials Inc is a carbon-negative materials company. The platform turns the carbon found in biomass into useful materials, while eliminating the need for fossil resources and capturing carbon in the process. Its products include, PET circular caps and closures, Para-xylene, carbon black, Levulinic acid among others.

Origin Materials, Inc. - Class A Common Stock

Origin Materials Inc

The chemical industry could be in for a turbulent 2025 spurred by increased demand, cost inflation and President-elect <a href="https://www.benzinga.com/markets/commodities/24/11/42235640/trumps-energy-policies-poised-to-reshape-oil-gas-market-winners-and-losers-revealed">Donald Trump&#8216;s PFAS policies</a>.
The Chemicals Analyst: Bank of America analyst Steve Byrne released a note covering the chemicals industry on Tuesday, upgrading and downgrading several companies:
<ul>
<li>Archer-Daniels-Midland Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) from Neutral to Underperform, lowering its price target from $63 to $54.</li>
<li>Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from Underperform to Buy, lowering its price target from $95 to $88.</li>
<li>Eastman Chemical Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>) from Neutral to Buy, lowering its price target from $115 to $109.</li>
<li>Element Solutions Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) from Buy to Neutral, lowering its price target from $32 to $28.</li>
<li>FMC Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) from Underperform to Neutral, lowering its price target from $63 to $61.</li>
<li>Olin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) from Neutral to Buy, lowering its price target from $48 to $40.</li>
<li>Origin Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) from Buy to Underperform, lowering its price target from $2.50 to $1.50.</li>
</ul>
Main Takeaways: Agriculture stocks faced a decline in the waning months of 2024, amid market concerns over potential trade policies under President-elect Trump and the impact of rising interest rates linked to the federal deficit. Byrne believes the market has already re-priced higher risk.
The analyst believes chemicals will see increased demand with a caveat.
&#8220;We expect end-market demand to grow this year, although we&#8217;ve pared back expectations, given incremental headwinds from tariff concerns, a strong USD, and higher interest rate expectations, among others,&#8221; Byrne said. &#8220;Still, the U.S. Manufacturing PMI has been surprisingly weak and the risk-reward is skewed positively in our view.&#8221;
Meanwhile, the analyst foresees a return of inflationary pressures on input costs, squeezing margins.
Byrne says Trump&#8217;s election win and a possible &#8220;trade war&#8221; could slow GDP growth and hurt chemical companies&#8217; bottom lines. He notes deregulation and lower corporate taxes as a positive. The analyst suggests that Trump&#8217;s weakening of the EPA could pause certain regulatory initiatives, potentially increasing litigation risks for PFAS manufacturers.
Company Takeaways: Byrne cited declining profitability and increased macroeconomic risk for his Archer-Daniels-Midland downgrade.
The analyst upgraded Celanese&#8217;s stock based on an expected demand recovery, an attractive valuation and potential benefits from shareholder activism.
Eastman Chemical took a severe hit in 2024&#8217;s fourth quarter. Byrne says the market&#8217;s sell-off was &#8220;overdone&#8221; and is optimistic for future revenue and earnings growth.
Byrne downgraded Element Solutions and said there is better opportunity elsewhere. He noted possible currency headwinds.
FMC could face a tough recovery from its struggles in 2024, but Byrne is optimistic that the company&#8217;s EBITDA can rebound. The analyst says market multiples are &#8220;appropriately reflecting risks.&#8221;
Byrne says Olin&#8217;s valuation is &#8220;highly attractive&#8221; due to its high free cash flow yield. The analyst also said the company is insulated from Trump administration risks.
The analyst&#8217;s downgrade of Origin Materials is linked to doubts that the company will be able to license its technology and possible headwinds for sustainable products.
Price Action: Several of the companies showed sharp movement following the analyst&#8217;s note:
<ul>
<li>Archer-Daniels-Midland traded at $51.18, down 1.8%.</li>
<li>Celanese Corporation traded at $71.97, up 6.81%.</li>
<li>Eastman Chemical traded at $91.77, up 2.99%.</li>
<li>FMC Corp traded at $53.16, up 2.17%.</li>
<li>Olin Corp traded at $33.10, up 4.38%.</li>
<li>Origin Materials traded at $1, down 9.9%.</li>
</ul>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42974739/wall-street-rebounds-as-producer-inflation-misses-estimates-tesla-gains-chinese-stocks-rally">Wall Street Rebounds As Producer Inflation Misses Estimates, Tesla Gains, Chinese Stocks Rally</a></li>
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Photo: dongfang/Shutterstock.com

Analyst Color

Government

Regulations

Upgrades

Downgrades

Price Target

Economics

Analyst Ratings

ORGN

Increased Demand, Trump Administration Risks: Analyst Picks Celanese As Chemical Winner, ADM As Loser For 2025

News

Origin Materials Reports Production Of PET Caps With New Features As Commercial Qualification Continues

Management

Origin Materials Announced That Origin Co-Founder And Co-CEO John Bissell Will Serve As Single CEO, Effective December 31. Rich Riley Will Step Down From His Role As Co-CEO And From the Origin Board, Effective December 31. Origin CFO Matt Plavan Will Take On The Additional Role Of COO

Origin Materials Announces John Bissell As CEO; Rich Riley To Step Down As Co-CEO And Form Origin Board; CFO Matt Plavan To Also Take On COO Role

WIIM

Origin Materials shares are trading lower after the company reported worse-than-expected Q3 financial results.

Guidance

Origin Materials Maintains 2024 Guidance For Revenue Of $25M - $35M (Est $31.24M), Net Cash Burn Of $55M - $65M

Origin Materials Reaffirms Expectation Of Run-Rate EBITDA Positive 1st Half 2026, No Additional Equity Capital Required

Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) reported quarterly losses of $(0.26) per share which missed the analyst consensus estimate of $(0.11) by 136.36 percent. This is a 218.18 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $8.20 million which missed the analyst consensus estimate of $8.30 million by 1.18 percent. This is a 14.87 percent increase over sales of $7.14 million the same period last year.

Earnings

Earnings Misses

Origin Mat Q3 2024 GAAP EPS $(0.26) Misses $(0.11) Estimate, Sales $8.20M Miss $8.30M Estimate

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POST

Earnings Scheduled For November 14, 2024

Origin Materials shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $1.35 to $3.

Origin Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) shares are surging today. The company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40378002/origin-materials-inc-reports-operating-and-financial-results-for-second-quarter-2024" rel="noreferrer noopener">second-quarter&nbsp;financial results on Wednesday</a>.
The company reported&nbsp;a loss per share of $0.14, missing the consensus loss of&nbsp;$0.12, and sales&nbsp;of $7.03 million came below the street view of&nbsp;$7.78 million.
The company has also secured a 2-year MOU for PET closure production, projected to generate over $100 million in revenue, starting in early 2025 and increasing significantly in 2026.
BofA Securities analyst Steve Byrne upgraded the company to Buy from Neutral rating and raised the <a target="_blank" href="https://www.benzinga.com/quote/ORGN/analyst-ratings" rel="noreferrer noopener">price target to $3.00 from $1.35</a>.
The analyst writes that while they maintain a positive outlook on Origin&#8217;s biomass conversion technology, the ramp-up in Polyethylene terephthalate (PET) closures has advanced EBITDA breakeven estimate to 2027 from 2029.
Additionally, there is potential for profitability as early as 2026 due to ongoing discussions for further contracts and licenses, adds the analyst.
Also, Byrne sees significant long-term potential in ORGN&#8217;s technology to convert cellulosic materials into Chloromethyl furfural (CMF, a furan-based chemical) and Hydrothermal carbon (HTC, a carbon-intensive product).
While this process takes time, CMF can produce functionally superior products, like polyethylene furanoate (PEF), with potentially higher margins and lower capex compared to traditional methods, writes the analyst.
The analyst projects $10 million in licensing income in 2027, increasing to $20 million in 2028.
Price Action: ORGN shares are up 26.4% at $1.39 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40414421" target="_blank" rel="noreferrer noopener">Singapore&#8217;s PropertyGuru Agrees To Be Taken Private By EQT AB In $1.1B Deal: Details</a></li>
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Don&#8217;t miss the opportunity to dominate in a volatile market at the&nbsp;<a target="_blank" href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" rel="noreferrer noopener">Benzinga SmallCAP Conference</a>&nbsp;on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!

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Origin Materials Set For Early Profitability, Analyst Highlights Positioning For Long-Term Growth, Upgrades Stock

B of A Securities analyst Steve Byrne upgrades Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) from Neutral to Buy and raises the price target from $1.35 to $3.

B of A Securities Upgrades Origin Mat to Buy, Raises Price Target to $3

Origin Materials shares are trading higher. The company reported Q2 financial results.

Based on current business conditions, business trends and other factors, the Company is maintaining the following&nbsp;guidance&nbsp;for 2024 net cash burn&nbsp;between&nbsp;$55 million&nbsp;and&nbsp;$65 million. The company also&nbsp;reaffirmed pathway to profitability requiring no additional equity capital.
<ul>
</ul>

Origin Materials Maintains 2024 Guidance For Revenue Of $25M - $35M, Est $31.98M

Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $(0.12) by 16.67 percent. This is a 180 percent decrease over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $7.03 million which missed the analyst consensus estimate of $7.78 million by 9.60 percent. This is a 1.96 percent increase over sales of $6.90 million the same period last year.

Origin Mat Q2 2024 GAAP EPS $(0.14) Misses $(0.12) Estimate, Sales $7.03M Miss $7.78M Estimate

Origin Materials shares are trading higher after the company announced it partnered with Reed City Group to mass produce PET caps and closures in North America.

Origin Materials And Reed City Group Announce Partnership To Mass Produce PET Caps And Closures In North America; First Cap Production Line To Launch In Q4 2024, Enhancing Recycling Circularity And Packaging Efficiency

Origin Materials Regains Nasdaq Compliance

Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) reported quarterly losses of $(0.10) per share which met the analyst consensus estimate. The company reported quarterly sales of $6.82 million which beat the analyst consensus estimate of $6.48 million by 5.28 percent. This is a 300.35 percent increase over sales of $1.70 million the same period last year.

Earnings Beats

Origin Mat Q1 2024 GAAP EPS $(0.10), Inline, Sales $6.82M Beat $6.48M Estimate

<ul>
<li>Origin&#39;s manufacturing system is expected to produce the first commercial-scale PET caps and closures</li>
<li>Origin&#39;s sustainable PET caps and closures enhance recycling circularity, enable &quot;mono-material&quot; containers, lighter packaging, and improved product shelf life</li>
</ul>

Contracts

General

Origin Materials Partners With IMDvista To Produce World's First PET Cap and Closure Manufacturing System

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS –&nbsp; Gain Therapeutics&nbsp;...

Closing Bell Movers: Applied Materials down 6% after earnings, guidance

Origin Materials, Inc. 2024 Q3 - Results - Earnings Call Presentation

Origin Materials, Inc. (ORGN) Q3 2024 Earnings Call Transcript

Origin Materials announces transition to single CEO leadership structure

Origin Materials (ORGN) "announced that Origin Co-Founder and Co-CEO John Bissell will serve as CEO effective December 31. Rich Riley will step dow...

Origin Materials announces transition to single CEO structure

Origin Materials ( ($ORGN) ) has provided an update. Origin Materials announced the resignation of Rich Riley as Co-CEO and board member, effective...

Origin Materials Announces Leadership Changes and Appointments

Origin Materials (ORGN) announced the production of PET caps with new features as commercial qualification continues. The latest caps were produced...

Origin Materials continues commercial qualification, debuts latest caps

BofA downgraded Origin Materials (ORGN) to Underperform from Buy with a $1.50 price target Published first on TheFly – the ultimate source for real...

Origin Materials downgraded to Underperform from Buy at BofA

Analysts have been eager to weigh in on the Materials sector with new ratings on United States Steel (X – Research Report) and Origin Materials (OR...

Analysts Offer Insights on Materials Companies: United States Steel (X) and Origin Materials (ORGN)

Eastman Chemical, Olin, Celanese, FMC upgraded at Bank of America

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Press Releases

Origin Materials Announces Second Quarter 2024 Earnings Release Date and Conference Call

Origin Materials Unveils Engineering and Design Innovation in Its Manufacturing of Tethered PET Beverage Caps

Origin Materials and Reed City Group Announce North American Mass Production Partnership for PET Caps and Closures

Origin Materials, Inc. Reports Operating and Financial Results for Second Quarter 2024

Origin Materials Unveils CapFormer System, Completes Factory Acceptance Test of World's First Commercial-Scale Manufacturing System for PET Caps

Origin Materials Announces Organizational Streamlining to Further Support Caps and Closures Business

Origin Materials Announces Third Quarter 2024 Earnings Release Date and Conference Call

Origin Materials, Inc. Reports Operating and Financial Results for Third Quarter 2024

Origin Materials Announces Transition to Single CEO Leadership Structure Under John Bissell

Origin Materials Continues Commercial Qualification, Announces Production of Caps with New Features

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