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Recommendation Rating

1.67

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 8.5

Low: 6

High: 12

Total Analysts: 3

Company Profile

Danimer Scientific, Inc. is a performance polymer company. The Company is specializing in bioplastic replacements for traditional petroleum-based plastics. The Company is a producer of polyhydroxyalkanoate (PHA), a biodegradable plastic feedstock alternative, which the Company sells under its brand name Nodax. Nodax is harvested from the PHA from the bacteria, then purify and filter the bioplastic before forming the PHA into pellets. The Company’s PHA-based is a naturally occurring bioplastic that effectively biodegrades in both anaerobic environments, and aerobic environments. Its PLA-based Resins are made from dextrose derived from corn, sugar beets, and sugar cane. The Company markets its products to consumer packaging brand owners, converters, and manufacturers in the plastics industry. It is used in a variety of plastic applications including additives, aqueous coatings, fibers, filaments, films, thermoforming, and injection-molded articles.

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