Is Danimer Scientific (DNMR) Stock a Buy For 2021?

Greenlight Capital Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 5.2% in 2020, underperforming its benchmark, the S&P 500 Index which returned 18.4% in the same period. You should check out Greenlight Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q4 2020 Investor Letter, Greenlight Capital highlighted a few stocks and Danimer Scientific Inc. (NYSE:DNMR) is one of them. Danimer Scientific Inc. (NYSE:DNMR) produces a new generation of patented, cost competitive biopolymers. In the last three months, Danimer Scientific Inc. (NYSE:DNMR) stock gained 231.5% and on January 21st it had a closing price of $37.96. Here is what Greenlight Capital said:

“After being introduced to Danimer Scientific (DNMR) in 2014, we invested privately a year ago. DNMR makes Nodax, a biodegradable plastic. Plastics are a global environmental problem, and nobody likes using paper straws. Enter Nodax, which is made by feeding vegetable oil to bacteria and then transforming the fat bacteria into a type of plastic that will decompose even in salt water. The market opportunity is obviously enormous and companies including Pepsi, Walmart and Nestlé have already signed on as customers. At the end of the quarter, DNMR came public by merging with a SPAC, which then soared from $10 to $23.51 per share.”

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Our calculations showed that Danimer Scientific Inc. (NYSE:DNMR) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

Disclosure: None. This article is originally published at Insider Monkey.