AACQ - SPAC Artius Acquisition gains after rated new buy on plan to take Origin Materials public

SPAC Artius Acquisition (AACQ) rose 0.7% after the company, which announced plans to take Origin Materials public in February, was rated a new buy at Craig-Hallum with a $22/share price target.Key investment points for the carbon negative materials company include a $1T market opportunity, a $2B order book in hand, a list of corporate partners headline by Danone (DANOY), Nestle (NSRGY) and PepsiCo (PEP), according to Craig Hallum analyst Eric Stine.Stine sees a path to $100+ in coming years."We envision a future scenario that producers of plastics and materials, when presented with a cost competitive, zero/negative carbon option versus petroleum-based products will have a strong case why not to go down the Original Materials path," Stine wrote in note earlier.Recall Feb. 12, SPAC Artius Acquisition gains after report of plan to take Origin Materials public.Origin Materials is scheduled to present at the Fermium Research 2021 Virtual Chemicals conference May 4-5, the

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SPAC Artius Acquisition gains after rated new buy on plan to take Origin Materials public