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

Origin Materials, Inc. ORGN shares are surging today. The company reported second-quarter financial results on Wednesday. The company reported a loss per share of $0.14, missing the consensus loss of$0.12, and sales of $7.03 million came below the street view of$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 c ...