Billionaire David Einhorn’s 5 Stock Picks with Huge Upside Potential

2. Danimer Scientific, Inc. (NYSE:DNMR)

Greenlight Capital’s Stake Value: $5,387,568

Upside Potential as of December 1: 160.87%

Founded in 2004, Bainbridge, Georgia-based, Danimer Scientific, Inc. (NYSE:DNMR) is a producer of biopolymers manufacturing PHA bioplastics from renewable, natural resources. It boasts 100% biodegradable and compostable plastics that equal or exceed petroleum-based plastic commodities for price and performance.

On November 15, Danimer Scientific, Inc. (NYSE:DNMR) released its financial results for the third quarter of 2023. Its revenues increased by 5% y-o-y to $11 million, while its net loss shrunk by 58% y-oy to $40 million. At -$0.39, its normalized EPS missed consensus estimates by $0.04.

As of Q3 2023, 11 of the 910 hedge funds tracked by Insider Monkey were long Danimer Scientific, Inc. (NYSE:DNMR) and held shares worth $13 million. David Einhorn’s Greenlight Capital was its largest hedge fund shareholder with ownership of 2.6 million shares valued at $5.4 million. The stock accounted for 0.30% of the firm’s portfolio.