Arq price target lowered to $8 from $9 at Clear Street

Clear Street lowered the firm’s price target on Arq (ARQ) to $8 from $9 and keeps a Buy rating on the shares. Arq now expects its new Granular Activated Carbon production line issues to persist until mid-2026, prompting a slower modeled ramp to 95%+ utilization and a delay in adding a second line, which reduces the firm’s 2027 revenue forecasts, the analyst tells investors in a research note. This extended timeline creates an overhang on the stock until the company delivers consistent GAC output.