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Origin Materials Inc - ORGNW STOCK NEWS

Welcome to our dedicated news page for Origin Materials (Ticker: ORGNW), a resource for investors and traders seeking the latest updates and insights on Origin Materials.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Origin Materials's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Origin Materials's position in the market.

Rhea-AI Summary
Origin Materials successfully converts wood residue feedstock into sustainable intermediates at Origin 1, showcasing the versatility of their biomass conversion technology. The company aims to transition the world to sustainable materials by utilizing locally sourced wood residues to produce a variety of eco-friendly products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.27%
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none
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Rhea-AI Summary
Origin Materials, Inc. announces a pathway to profitability without additional equity capital, with a reduced cash burn for 2024 and significant gross profit expected in 2025. The company introduces an asset-light strategy for scaling biomass conversion technology with strategic partners. Key highlights include strong commercialization progress in the caps and closures business, expected revenue generation within 12 months, and positive financial outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.41%
Tags
-
Rhea-AI Summary
Origin Materials, Inc. (ORGN) will release its Q4 2023 results on February 29, 2024, followed by a conference call. Investors can access the call via webcast or phone. Shareholders can submit questions for the webcast until February 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.56%
Tags
Rhea-AI Summary
Origin Materials, Inc. (NASDAQ: ORGN, ORGNW) announced an organizational realignment to focus on higher margin revenue opportunities and defer research programs with longer-term economic impacts. The company aims to reduce expenses and reallocate resources to execute priority initiatives, resulting in a roughly 30% workforce reduction and an expected $2.7 million restructuring charge. Despite workforce changes, Origin remains confident in the long-term success of its carbon-negative materials platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.39%
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none
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Rhea-AI Summary
ORGN - Origin Materials, Inc. announces the commencement of commercial-scale production at Origin 1 and updates its 2023 revenue and Adjusted EBITDA outlook. The company also welcomes a new CFO and reports contracted offtake agreements and capacity reservations exceeding $10 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.24%
Tags
-
Rhea-AI Summary
Origin Materials, Inc. will release its Q3 2023 results on November 9, 2023, followed by a conference call. Interested parties can listen to the webcast or join the call. Shareholders can submit questions to be answered during the webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.31%
Tags
Rhea-AI Summary
Origin Materials announces commencement of commercial-scale production at Origin 1 in Sarnia, Ontario, Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.87%
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none
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Rhea-AI Summary
Origin Materials appoints Matt Plavan as Chief Financial Officer to accelerate business growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.59%
Tags
management
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Rhea-AI Summary
Origin Materials awarded $18.7 million funding from BioMADE for development of bio-based carbon black and polymers
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
Rhea-AI Summary
Origin Materials appoints Pam Haley as interim CFO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
management
Origin Materials Inc

Nasdaq:ORGNW

ORGNW Rankings

ORGNW Stock Data

110.97M
Other Chemical and Fertilizer Mineral Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
West Sacramento

About ORGNW

origin is a materials company based in sacramento, california. origin tackles hard problems in materials in service of the world’s great companies. origin's technology produces bio-based intermediates from lignocellulosic (second generation) raw materials. origin's intermediates can be used to make new polymers, surfactants, and carbon blacks, each with differentiated performance.