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Danimer

oversold ESG play DNMR; go long. biodegradable plasticsThey are currently partnered with Pepsico and the University of Georgia working on fully biodegradable plastics; with Nestle and Walmart already signing on as customers. Got caught up in the SPAC sell-off. Doubtful it drops further so now would be a good time to initiate a long position. One strategy would be to buy half now than wait for a few trading sessions to see how it fares. Oversold based on RSI with a bullish MACD cross on the horizon. Besides carbon emissions, plastics are another significant source of climate change and DNMR is a great way for fortune 500 companies to counteract their footprint and appease shareholders/board members on the ESG front.
NYSE:DNMRLong
by EBITDAtiger
Danimer Scientific plastics company backed by PepsiDanimer target is to rid the world once and for all of the non-biodegradable plastics used across the food and beverage space that continue to clog up landfills and oceans. Danimer has inked partnerships with the likes of PepsiCo (PEP), Nestle, and Bacardi to introduce its more sustainable plastics into their respective packaging. Danimer began trading on the New York Stock Exchange on Thursday after merging with a blank-check company called Live Oak Acquisition (LOAK). The SPAC transaction was announced on Oct. 5, and from that point Live Oak saw its shares surge nearly 140%. DNMR is targeting $51 million in sales this year and $2.1 million in earnings before, interest, taxes and depreciation (EBITDA). Next year, it sees sales reaching $117 million and EBITDA of $21 million. (yahoo finance). Danimer Market Cap 2.001B
NYSE:DNMR
by TopgOptions
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