Maxim lowered the firm’s price target on Stabilis Solutions (SLNG) to $10 from $12 and keeps a Buy rating on the shares. The company reported Q2 results with revenue and EBITDA below expectations due to delivering fewer gallons of liquefied natural gas, but gross profit and free cash flow exceeded the firm’s estimates, the analyst tells investors in a research note. Maxim believes that Stabilis will generate free cash flow in 2025, then uses cash to fund another year of capital expenditure growth in 2026.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLNG: