LanzaTech Global (LNZA)
NASDAQ:LNZA
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LanzaTech Global
(NASDAQ:LNZA)
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Rating:54Neutral
Price Target:
$25.00
▲(10.77% Upside)
Action:ReiteratedDate:04/18/26
The score is held back primarily by weak financial performance—large ongoing losses and heavy negative cash flow—despite improving leverage. Strong technical momentum provides a meaningful offset, while valuation remains challenged by unprofitability. Corporate events are moderately supportive due to added capital and simplification, tempered by dilution and reduced ownership in LanzaJet.
Positive Factors
Technology & Business Model
LanzaTech’s proprietary gas‑fermentation platform (microbes, bioreactors, process know‑how) creates a structural moat by enabling partners to convert waste industrial gases into sellable fuels and intermediates. Licensing and engineering services provide scalable, sticky revenue tied to decarbonization.
Negative Factors
Persistent Cash Burn
Large, persistent negative operating and free cash flows force ongoing reliance on external financings, raising dilution risk and constraining reinvestment in capacity. Continued cash burn undermines ability to self‑fund scale‑up and increases execution risk absent sustained cash generation improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Technology & Business Model
LanzaTech’s proprietary gas‑fermentation platform (microbes, bioreactors, process know‑how) creates a structural moat by enabling partners to convert waste industrial gases into sellable fuels and intermediates. Licensing and engineering services provide scalable, sticky revenue tied to decarbonization.
Read all positive factors
LanzaTech Global (LNZA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$250.01M
Dividend YieldN/A
Average Volume (3M)26.27K
Price to Earnings (P/E)―
Beta (1Y)2.37
Revenue Growth12.61%
EPS Growth66.26%
CountryUS
Employees383
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-23.58
Shares Outstanding10,089,163
10 Day Avg. Volume22,779
30 Day Avg. Volume26,268
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-8.20
Price to Sales (P/S)0.57
P/FCF Ratio-0.48
Enterprise Value/Market Cap0.26
Enterprise Value/Revenue1.16
Enterprise Value/Gross Profit2.56
Enterprise Value/Ebitda-0.86
Forecast
1Y Price Target
$15.00Price Target Upside-33.54% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-47
Revenue Forecast (FY)$85.30M
LanzaTech Global Business Overview & Revenue Model
Company Description
LanzaTech Global, Inc. operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and p...
How the Company Makes Money
LanzaTech makes money primarily by commercializing its gas fermentation technology through project development and technology deployment with third parties. Key revenue streams typically include (1) licensing its proprietary technology (microbial ...
LanzaTech Global Earnings Call Summary
Earnings Call Date:Nov 08, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
While the company faced challenges with missing revenue targets and increased operating expenses, it highlighted strong future potential with new projects, partnerships, and expansions into new markets like nutritional protein. The overall sentiment reflects a strategic pivot towards capturing more value and ensuring long-term growth despite current hurdles.Positive Updates
Strong Position for 2025
LanzaTech is well-positioned for 2025 with significant project developments like Project Drake and collaborations with global partners. The company expects substantial growth in ethanol feedstock for sustainable aviation fuel (SAF) projects.
Negative Updates
Revenue Misses Target
Third quarter revenue was $9.9 million, about $7 million below target, primarily due to the delay in a LanzaJet sublicense event and depressed ethanol pricing.
Read all updates
Q3-2024 Updates
Positive
Negative
Strong Position for 2025
LanzaTech is well-positioned for 2025 with significant project developments like Project Drake and collaborations with global partners. The company expects substantial growth in ethanol feedstock for sustainable aviation fuel (SAF) projects.
Read all positive updates
Company Guidance
In the third quarter earnings call for LanzaTech Global, Inc., several key metrics and guidance updates were discussed. The company reported a third quarter revenue of $9.9 million, which was approximately $7 million below their target, largely due to an anticipated LanzaJet sublicense event not materializing and lower-than-expected CarbonSmart revenue despite it more than doubling quarter-over-quarter to $2.2 million. The company is evolving its business model to accelerate revenues and profitability by developing their own projects and partnering with capital investors like Brookfield Asset Management, which committed $500 million. LanzaTech received the first $5 million in fees from Project Drake, a 30 million gallon per year EU-based ethanol-to-sustainable aviation fuel (SAF) project, and announced a new ethanol offtake agreement with ArcelorMittal with potential revenue of $6 million annually in the short term and $10-20 million per year over five years. Despite headwinds, the company is optimistic about achieving greater economics and expects these initiatives to bolster their financial performance in the fourth quarter and beyond.LanzaTech Global Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
14
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 55.84M | 49.59M | 62.63M | 37.34M | 25.46M |
| Gross Profit | 25.30M | 23.62M | 17.65M | 9.06M | 10.23M |
| EBITDA | -74.93M | -103.34M | -100.93M | -70.94M | -44.82M |
| Net Income | -48.95M | -137.73M | -134.10M | -76.36M | -46.69M |
Balance Sheet | |||||
| Total Assets | 100.21M | 174.68M | 241.62M | 176.86M | 150.87M |
| Cash, Cash Equivalents and Short-Term Investments | 13.16M | 55.87M | 120.74M | 83.05M | 343.40K |
| Total Debt | 27.46M | 81.89M | 19.94M | 7.41M | 5.33M |
| Total Liabilities | 104.10M | 161.24M | 127.15M | 605.58M | 11.61M |
| Stockholders Equity | -3.89M | 13.45M | 114.47M | -428.72M | 139.26M |
Cash Flow | |||||
| Free Cash Flow | -66.11M | -94.37M | -105.85M | -95.44M | -48.34M |
| Operating Cash Flow | -64.85M | -89.06M | -97.30M | -84.70M | -42.59M |
| Investing Cash Flow | 11.15M | 28.35M | -57.91M | -10.69M | -5.75M |
| Financing Cash Flow | 25.62M | 30.21M | 148.19M | 50.55M | 116.02M |
LanzaTech Global Technical Analysis
Neutral
22.57
Price Trends
16.16
Positive
14.88
Positive
20.60
Positive
Market Momentum
4.86
Negative
49.10
Neutral
60.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNZA, the sentiment is Neutral. The current price of 22.57 is below the 20-day moving average (MA) of 24.43, above the 50-day MA of 16.16, and above the 200-day MA of 20.60, indicating a neutral trend. The MACD of 4.86 indicates Negative momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 60.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LNZA.
LanzaTech Global Risk Analysis
LanzaTech Global disclosed 86 risk factors in its most recent earnings report. LanzaTech Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LanzaTech Global Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $800.80M | -1,034.44 | -0.17% | ― | 19.26% | 93.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $250.01M | -0.65 | 555.82% | ― | 12.61% | 66.26% | |
53 Neutral | $9.71M | 32.68 | 0.47% | ― | -0.30% | -75.65% | |
48 Neutral | $17.32M | -0.40 | -274.21% | ― | ― | -134.53% | |
44 Neutral | $23.79M | -2.54 | -44.35% | ― | -13.28% | -1.31% |
* Industrials Sector Average
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LanzaTech Global Corporate Events
Business Operations and StrategyPrivate Placements and Financing
LanzaTech Restructures LanzaJet Stake Through New Financing
Positive
Feb 18, 2026
On February 11, 2026, LanzaTech, Inc. entered into a Series A Preferred Stock Purchase and Exchange Agreement with LanzaJet, Inc. and new investors, under which it bought $2 million of newly issued Series A preferred shares in LanzaJet and exchang...
Executive/Board Changes
LanzaTech Global Announces Routine Board Director Resignation
Neutral
Feb 5, 2026
On January 31, 2026, LanzaTech Global, Inc. announced that independent director Jill Frizzley voluntarily resigned from its Board of Directors, effective that same day, before the scheduled end of her Class III term at the company’s 2026 Ann...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.