As previously reported, Roth Capital analyst Leo Mariani downgraded LanzaTech (LNZA) to Neutral from Buy with a price target of 20c, down from 50c, after cutting the firm’s 2025 revenue estimate by 17% to $58M and cutting its 2025 EBITDA view by $7.5M to (92M) following the company’s Q1 report. LanzaTech burned $35M of cash during Q1, did not provide any guidance for 2025, and still has a going concern issue as more funding is needed to stay afloat, the analyst tells investors.
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