AleAnna Secures Gradizza Production Concession, Advances First Gas

AleAnna ( (ANNA) ) has issued an update.

On January 20, 2026, AleAnna, Inc. announced that Italy’s Ministry of Environment and Energy Security granted it a production concession for the Gradizza Field in the Province of Ferrara, providing the final regulatory approval needed before first gas from what will be the company’s first fully owned and operated development. The concession permits an initial 20‑year production period and clears the way for AleAnna to move toward planned start‑up at Gradizza, which will be developed through a single well, compact processing facilities and a short pipeline tie‑in to the SNAM transmission network, reinforcing Italy’s efforts to boost domestic gas output and underscoring the company’s ability to secure support from national, regional and local authorities. AleAnna also reported that it has undertaken extensive subsurface work across its Po Valley portfolio, identifying additional, previously unevaluated pays in the Longanesi, Trava and Gradizza fields and commissioning DeGolyer and MacNaughton to update its reserves and prospective resources reports, developments that could enhance the perceived scale and economic potential of its Italian gas and exploration resource base once the revised studies are completed and published.

The most recent analyst rating on (ANNA) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on AleAnna stock, see the ANNA Stock Forecast page.

Spark’s Take on ANNA Stock

According to Spark, TipRanks’ AI Analyst, ANNA is a Neutral.

The score is held back primarily by continued unprofitability and cash burn despite strong recent revenue growth and improved gross margin. Technicals also show a persistent downtrend with weak momentum signals. Valuation is difficult to interpret given the negative P/E and lack of dividend support.

To see Spark’s full report on ANNA stock, click here.

More about AleAnna

AleAnna, Inc. is a technology-driven energy company focused on supplying low‑carbon natural gas and renewable natural gas to the Italian market, aligning conventional gas operations with renewable solutions to support the country’s energy transition. The company has three conventional gas discoveries in Italy, around fourteen new exploration projects planned this decade, a portfolio of RNG projects including three plants under development and nearly 100 additional projects representing about €1.1 billion of potential investment, and operates from regional headquarters in Dallas and Rome.

Average Trading Volume: 10,945

Technical Sentiment Signal: Sell

Current Market Cap: $171.3M

Learn more about ANNA stock on TipRanks’ Stock Analysis page.