Aqua Metals price target lowered to $1 from $2 at Benchmark

Benchmark lowered the firm’s price target on Aqua Metals to $1 from $2 and keeps a Speculative Buy rating on the shares after the company gave a quarterly update following the release of its Q2 results and noted that the buildout of its Sierra Arc facility is on hold following the loss of its debt partner. While “disappointed” that production will be delayed, the firm believes “today’s stock price does not reflect the long-term viability and IP valuation,” the analyst tells investors.