Danimer Scientific, Inc., a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petrochemical-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including water bottles, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers. The company offers its products to manufacturers in the plastics industry. Danimer Scientific, Inc. was incorporated in 2004 and is headquartered in Bainbridge, Georgia.
IPO Year: 2020
Exchange: NYSE
Website: danimerscientific.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $40.00 → $5.50 | Hold | TD Cowen |
| 11/20/2024 | $40.00 → $4.00 | Neutral → Underweight | Piper Sandler |
| 8/13/2024 | $2.00 → $1.00 | Buy → Hold | TD Cowen |
| 5/22/2024 | $1.30 → $0.80 | Buy → Hold | Jefferies |
| 4/9/2024 | $3.50 → $1.25 | Overweight → Neutral | Piper Sandler |
| 10/12/2022 | $4.50 | Overweight | Piper Sandler |
| 9/23/2021 | $21.00 | Outperform | Cowen |
TD Cowen reiterated coverage of Danimer Scientific with a rating of Hold and set a new price target of $5.50 from $40.00 previously
Piper Sandler downgraded Danimer Scientific from Neutral to Underweight and set a new price target of $4.00 from $40.00 previously
TD Cowen downgraded Danimer Scientific from Buy to Hold and set a new price target of $1.00 from $2.00 previously
Jefferies downgraded Danimer Scientific from Buy to Hold and set a new price target of $0.80 from $1.30 previously
Piper Sandler downgraded Danimer Scientific from Overweight to Neutral and set a new price target of $1.25 from $3.50 previously
Piper Sandler initiated coverage of Danimer Scientific with a rating of Overweight and set a new price target of $4.50
Cowen initiated coverage of Danimer Scientific with a rating of Outperform and set a new price target of $21.00
Jefferies Financial Group reiterated coverage of Danimer Scientific with a rating of Buy and set a new price target of $66.00 from $49.00 previously
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–Dividend warrants continue to trade on OTCQX marketplace under "DNMRW"– Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced that it received notice the New York Stock Exchange ("NYSE") suspended trading of its common stock on the NYSE effective immediately and started the process to delist its common stock from the NYSE. The start of the delisting process follows the NYSE's determination under Rule 802.01B of the NYSE Listed Company Manual that the Company did not meet the continued listing standard that requires listed companies to maintain a
--Additional Resin Orders and Deliveries Continue to Support 20-Million Pound Cutlery Award –- -- 100% Compostable Skittles® Bag Made with Nodax® PHA Featured at NFL Game -- Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its third quarter ended September 30, 2024. Richard N. Altice, Interim Chief Executive Officer of Danimer, commented, "We completed the third quarter in line with our expectations considering the temporary impact of Starbucks' reapportionment of their Nodax-based straw business between our convert
Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading, next-generation bioplastics company focused on the development and production of biodegradable materials, announced today that the Company will release its third quarter 2024 financial results before the market opens on Tuesday, November 19, 2024. A webcast and conference call will be held that same day at 10:00 a.m. Eastern Time to review the Company's third quarter results. The webcast of the conference will be accessible on the Investor Relations section of the Company's website at https://ir.danimerscientific.com. For those unable to access the webcast, the conference call will be accessible domestically o
Current Board Member and Former CEO of NatureWorks to Lead Company While Board Continues Search Process for Permanent CEO Company Provides Preliminary Third Quarter 2024 PHA Results Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading, next-generation biotechnology company focused on the production of biodegradable materials, today announced that Richard Altice, a current Danimer director and former President and Chief Executive Officer of NatureWorks, has been named Interim Chief Executive Officer, effective immediately. Mr. Altice succeeds Stephen Croskrey, who previously announced his intention to retire after more than eight years as CEO. In addition to his ong
--Additional Resin Orders to Support 20-Million Pound Cutlery Award -- -- Company Forecasting Annualized PHA Revenues to More Than Triple by End of Q2 2025 -- -- Pro-Rata Warrant Dividend Transaction Provides Balance Sheet Deleveraging Opportunity -- Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its second quarter ended June 30, 2024. Stephen E. Croskrey, Chief Executive Officer of Danimer, commented, "We completed the second quarter in line with our expectations considering the temporary impact of Starbucks' r
Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading, next-generation bioplastics company focused on the development and production of biodegradable materials, announced today that the Company will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. A webcast and conference call will be held that same day at 4:30 p.m. Eastern Time to review the Company's second quarter results, discuss recent events and conduct a question and-answer session. The live webcast of the conference will be accessible on the Investor Relations section of the Company's website at https://ir.danimerscientific.com. For those unable to acce
Danimer Scientific, Inc. (NYSE:DNMR) ("Company" or "Danimer Scientific"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced the completion of a previously announced pro-rata dividend distribution of warrants ("Dividend Warrants") to holders of the Company's Class A Common Stock, par value $0.0001 per share ("Common Stock"), as of May 13, 2024 ("Record Date"). The stockholders of record as of the Record Date received one (1) Dividend Warrant for every three (3) shares of Common Stock held as of the Record Date, subject to downward rounding. Holders of our 3.250% Convertible Senior Notes due 2026 ("Convertible N
Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading, next-generation bioplastics company focused on the development and production of biodegradable materials, announced today that the Company will release its first quarter 2024 financial results after the market closes on Tuesday May 7, 2024. A webcast and conference call will be held that same day at 4:30 p.m. Eastern Time to review the Company's first quarter results, discuss recent events and conduct a question and-answer session. The live webcast of the conference will be accessible on the Investor Relations section of the Company's website at https://ir.danimerscientific.com . For those unable to access the
-- Results In-Line with March 20 Preannouncement -- -- Issues FY24 Guidance with Expectation for Accelerating Sales Growth -- Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its fourth quarter and full year, ended December 31, 2023. Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, commented, "While 2023 was a challenging year for the Company, we are greatly encouraged by the successes we had and we believe we remain well ahead of the competition in both deep understanding of the biodegradable p
-- PHA Revenue Up 11% Year-Over-Year in Fourth Quarter of 2023 -- -- Previously Announced Cutlery Award Poised to Expand -- -- PHA Revenue Increase of Approximately 60% Year-Over-Year Expected in First Quarter 2024 -- -- Expects to Become Adjusted EBITDA Positive in Early 2025 -- -- Announces Date for Fourth Quarter and Full Year 2023 Earnings Call -- Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced preliminary results for its fourth quarter and full year, ended December 31, 2023. Stephen E. Croskrey, Chairman and Chief Executive O
–Dividend warrants continue to trade on OTCQX marketplace under "DNMRW"– Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced that it received notice the New York Stock Exchange ("NYSE") suspended trading of its common stock on the NYSE effective immediately and started the process to delist its common stock from the NYSE. The start of the delisting process follows the NYSE's determination under Rule 802.01B of the NYSE Listed Company Manual that the Company did not meet the continued listing standard that requires listed companies to maintain a
Announces Issuance of $11,250,000 Super Senior Secured Promissory Note Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced that the Company issued a super senior secured promissory note (the "Secured Loan") in an aggregate principal amount of $11,250,000 to certain lenders under its existing term loan financing agreement, as well as certain additional lenders. The Secured Loan provides for $11,250,000 gross proceeds, less fees and expenses. The Secured Loan has a two-year maturity and accrues interest at 15.0% per annum, which interest is payab
NEW YORK, Nov. 20, 2024 /PRNewswire/ -- TerraNova Capital Equities, inc. (TerraNova), a leading financial advisory firm, is pleased to announce that its Structure Finance Group acted as sole advisor on three recent transactions: TerraNova Structured Finance Group acted as the sole advisor to Danimer Scientific, Inc. (NYSE:DNMR) on a $20 Million revolving credit facility. TerraNova is pleased to announce its role as the exclusive advisor to Danimer Scientific in securing a strategic ABL agreement with Mountain Ridge Capital. This $20 million facility, collateralized by the Com
--Additional Resin Orders and Deliveries Continue to Support 20-Million Pound Cutlery Award –- -- 100% Compostable Skittles® Bag Made with Nodax® PHA Featured at NFL Game -- Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its third quarter ended September 30, 2024. Richard N. Altice, Interim Chief Executive Officer of Danimer, commented, "We completed the third quarter in line with our expectations considering the temporary impact of Starbucks' reapportionment of their Nodax-based straw business between our convert
Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading, next-generation bioplastics company focused on the development and production of biodegradable materials, announced today that the Company will release its third quarter 2024 financial results before the market opens on Tuesday, November 19, 2024. A webcast and conference call will be held that same day at 10:00 a.m. Eastern Time to review the Company's third quarter results. The webcast of the conference will be accessible on the Investor Relations section of the Company's website at https://ir.danimerscientific.com. For those unable to access the webcast, the conference call will be accessible domestically o
Expected to Begin Trading on a 1-for-40 Reverse Split-Adjusted Basis on November 13, 2024 Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or "Company"), a leading, next-generation biotechnology company focused on the production of biomaterials, announced today that, following approval by the Company's stockholders and its Board of Directors, the Company will effect a reverse stock split ("Reverse Stock Split") of Danimer's Class A common stock, par value $0.0001 per share ("Common Stock"), at a ratio of 1-for-40 (the "Reverse Stock Split Ratio"), which ratio was determined by the Board of Directors from within a range of ratios authorized by the stockholders. The Reverse Stock Split is exp
Current Board Member and Former CEO of NatureWorks to Lead Company While Board Continues Search Process for Permanent CEO Company Provides Preliminary Third Quarter 2024 PHA Results Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading, next-generation biotechnology company focused on the production of biodegradable materials, today announced that Richard Altice, a current Danimer director and former President and Chief Executive Officer of NatureWorks, has been named Interim Chief Executive Officer, effective immediately. Mr. Altice succeeds Stephen Croskrey, who previously announced his intention to retire after more than eight years as CEO. In addition to his ong
Home compostable extrusion coating biopolymer used as liquid barrier for paper hot and cold drink cups. Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer"), a leading, next-generation biotechnology company focused on the production of biodegradable materials, and Ningbo Homelink Eco-iTech Co. Ltd. ("Homelink"), a leading manufacturer of disposable tableware, have announced commercial launch of home compostable extrusion coating biopolymers made with Danimer's signature polyhydroxyalkanoate (PHA), Nodax®. Homelink's cups, coated with Nodax® PHA-based biopolymer, will offer their customers a home and industrially compostable, and fully repulpable alternative to traditional paper cups. The PHA b
Innovative biobased polyols for use in high performance coatings for ships, marine vessels, and steel piping. Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer"), a leading, next-generation biotechnology company focused on the production of biomaterials, announces an award from the U.S. Department of Defense via the Distributed Bioindustrial Manufacturing Program (DBIMP). Danimer Scientific has been awarded $1.36 million to develop plans for a facility to produce biobased polyols that can be converted into high-performance coatings for ships, marine vessels, and steel piping. These biobased coatings have superior properties to petroleum-based incumbents. Upon completion of its work under the
Eagle Beverage, a leading manufacturer of straws made from resins utilizing Nodax® brand polyhydroxyalkanoate (PHA), has announced the opening of its first PHA Injection Molding manufacturing plant. This groundbreaking facility marks a significant milestone in the company's mission to revolutionize the single-use cutlery industry with sustainable alternatives. Eagle Beverage is proud to announce the successful commercialization of Danimer Scientifc's proprietary resins made from Nodax PHA to manufacture single-use forks, knives, and spoons. Eagle Beverage has already begun shipping these innovative products to customers, demonstrating the immediate market readiness of its PHA-based cutlery
Dr. David Moody and Richard Altice to Join the Danimer Board Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading, next-generation bioplastics company focused on the production of biodegradable materials, is pleased to announce that Dr. David Moody and Mr. Richard Altice have been appointed as members of Danimer's Board of Directors. Dr. Moody's appointment is effective immediately, and Mr. Altice's appointment is effective as of April 15, 2024. Dr. David J. Moody currently is a member of the Board of Directors of Jadex Inc., a US-based manufacturing and material science company utilizing innovation and technology to develop sustainable products that serve the me
Martin, a Duke University graduate and former Air Force officer, brings experience managing the legal affairs of publicly traded companies Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next-generation bioplastics company focused on the development and production of biodegradable materials, today announced it has appointed Stephen Martin as Chief Legal Officer and Corporate Secretary. In this role, Martin will manage a wide range of legal matters across the company as Danimer continues to expand its manufacturing capacity to meet demand in the fast-growing bioplastics market. Martin joins Danimer from Kaman Distribution Group, a leading national distributor o
Austin brings more than 30 years of human resources leadership experience with PepsiCo, Delta Air Lines, Winn-Dixie and others Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next-generation bioplastics company focused on the development and production of biodegradable materials, today announced it has appointed Anthony Austin as Chief Human Resource Officer. In this role, Austin will focus on building best-in-class HR processes to strategically support the Company's growth as it continues to expand its manufacturing capacity. Austin joins Danimer from Bedrock Manufacturing Co., the parent company of Shinola, a luxury watch, leather and jewelry manufacturer an
Edwards brings technical expertise and business leadership built over a 30-year career with industry-leading polymer manufacturers including BASF and Chevron Phillips Chemical Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced it has appointed Keith A. Edwards as Vice President of Business Development. In this role, Edwards will focus on growing market opportunities for Danimer's biodegradable alternatives to traditional plastic as the Company continues to expand its manufacturing capacity. Edwards joins Danimer after nearly 18 years with BASF
Jad Dowdy to assume new role of Senior Vice President of Financial Planning and Analysis Danimer Scientific, Inc. (NYSE:DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced the appointment of Michael (Mike) A. Hajost as Chief Financial Officer. Hajost will succeed John A. (Jad) Dowdy, III, who will assume the new role of Senior Vice President, Financial Planning and Analysis. Hajost will join the Company on February 7, 2022, as special advisor to Danimer's Chief Executive Officer Stephen E. Croskrey before assuming the CFO position in early March 2022. Hajost most recently se
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