Roth Capital keeps a Neutral rating and $15 price target on LanzaTech (LNZA) after its Q4 results. The firm cites the company’s near-term funding challenges, its inability to execute on financial targets and its capital structure, which contemplates very dilutive future funding, the analyst tells investors in a research note. LanzaTech still has a going concern issue as more funding is needed for the company to stay afloat, Roth added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNZA:
- LanzaTech reports Q4 adjusted EBITDA $2.4M vs. ($21.2M) last year
- LNZA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Lanzatech Global Inc trading resumes
- Lanzatech Global Inc trading halted, volatility trading pause
- Five new option listings and fourteen option delistings on February 23rd