Nothing about this post is meant to constitute financial advice -- it is being posted for informational purposes only. Always perform your own due dilligence before investing. I am not a financial advisor, just a rocket enthusiast.
Q4 '22 Results Reported
This past Thursday, Origin Materials reported their Q4 2022 Financial Results and held a conference call to discuss the report. The big news was really the accelerated development of biofuels, which weren't originally meant to come to market until the end of the decade. While they are still years away, and the products themselves are still in the development stage, these biofuels are higher-margin materials which investors and analysts alike like to hear.
The stock reacted positively to the report, climbing 2.69% the day following the earnings report.
Analysts Maintain Buy Ratings
Three Wall St. analysts who follow the company closely maintained their buy ratings and positive outlook on the company:
Fermium Research
Bank of America
Craig-Hallum
For the company's press release on their Q4 2022 Earnings Report and accompanying presentation: https://investors.originmaterials.com/news-releases/news-release-details/origin-materials-inc-reports-financial-results-fourth-quarter-0
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