Origin Materials' PET Caps Technology Boosts Valuation Potential, BofA Says

MT Newswires Live08-17

Origin Materials' PET Caps Technology Boosts Valuation Potential, BofA Says Origin Materials (ORGN) is seeing accelerated demand for its Polyethylene terephthalate, or PET, caps technology, leading to...

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Group Co","BK4192":"特殊消费者服务","BK4544":"ARK ETF合集","ARKG":"ARK Genomic Revolution ETF"},"translate_title":"美国银行表示，Origin Materials的PET瓶盖技术提升了估值潜力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKG":1,"ORGN":1,"PET":1},"content_text":"Origin Materials' PET Caps Technology Boosts Valuation Potential, BofA Says Origin Materials (ORGN) is seeing accelerated demand for its Polyethylene terephthalate, or PET, caps technology, leading to  potential upside to its valuation, BofA Securities said in a Friday note.\"Based on how disruptive this new technology could be for PET bottles, our revenue estimates have significant upside,\" BofA analyst Steve Byrne said.About a year ago, Origin reported its discovery of a process to produce PET-based caps and closures, enabling plastic bottles to be 100% PET, and thus fully recyclable, the note said.Origin said in its Q2 earnings call that it has secured a $100 million, two-year contract for PET-based caps and closures, starting in early 2025. 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