Origin Materials skyrockets after securing $100M contract for new PET caps

seekingalpha08-17

Origin Materials (NASDAQ:ORGN) +25.5% in Friday's trading to an 11-month high after reporting a Q2 loss but announcing a major milestone with its first major customer signed for PET caps and closures,...

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Group Co","BK4544":"ARK ETF合集","BK4192":"特殊消费者服务","BK4090":"商品化工","ORGN":"Origin Materials Inc.","BK4588":"碎股"},"translate_title":"Origin Materials获得价值1亿美元的新型PET瓶盖合同后股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKG":1,"ORGN":1,"PET":1},"content_text":"Origin Materials (NASDAQ:ORGN) +25.5% in Friday's trading to an 11-month high after reporting a Q2 loss but announcing a major milestone with its first major customer signed for PET caps and closures, expecting to generate $100M in revenues during the initial two-year term. Origin (ORGN) also indicated the start of commercial production of PET caps in Q4, with revenue ramping up starting in Q1 2025, supported by partnerships with Reed City Group in the U.S. and the Bachmann Group in Europe. 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