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LanzaTech Global
(NASDAQ:LNZA)
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Rating:42Neutral
Price Target:
$5.50
▼(-0.54% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily held back by weak financial quality—large ongoing losses and persistent negative operating/free cash flow—despite improving revenue and gross margin. Technically, the stock is in a strong downtrend versus major moving averages, adding risk. Valuation is difficult to support due to negative earnings and no stated dividend yield.
Positive Factors
Commercial-scale deployments (ethanol & SAF)
Operating multiple commercial plants and a live ethanol-to-SAF facility marks a durable shift from R&D to industrial deployment. This reduces execution risk, enables recurring product revenues and offtakes, and supports scaling unit economics and long-term industrial partnerships across aviation and marine fuel markets.
Negative Factors
Persistent negative operating and free cash flow
Ongoing negative OCF and FCF constitute a structural cash-burn problem that requires repeated capital infusions. That limits the company's ability to self-fund expansion, constrains investment timing, and increases the probability of future dilutive financings if operating cash generation does not turn positive within several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial-scale deployments (ethanol & SAF)
Operating multiple commercial plants and a live ethanol-to-SAF facility marks a durable shift from R&D to industrial deployment. This reduces execution risk, enables recurring product revenues and offtakes, and supports scaling unit economics and long-term industrial partnerships across aviation and marine fuel markets.
Read all positive factors
LanzaTech Global (LNZA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$72.25M
Dividend YieldN/A
Average Volume (3M)26.27K
Price to Earnings (P/E)―
Beta (1Y)2.17
Revenue Growth19.56%
EPS Growth76.66%
CountryUS
Employees192
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-20.13
Shares Outstanding13,089,163
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$15.00Price Target Upside171.25% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-3.73
Revenue Forecast (FY)$85.30M
LanzaTech Global Business Overview & Revenue Model
Company Description
LanzaTech Global, Inc. is a company that operates across the United States and internationally, specializing in carbon refinement using processes inspired by nature. This innovative firm is dedicated to converting discarded carbon into essential c...
How the Company Makes Money
LanzaTech makes money primarily by commercializing its gas fermentation platform through a mix of (i) product-related revenue from producing and selling low-carbon fuels/chemicals at facilities using its technology (where it has ownership interest...
LanzaTech Global Earnings Call Summary
Earnings Call Date:Nov 08, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 14, 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
24
Negative
Balance Sheet
33
Negative
Cash Flow
18
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 | -44.72M | -146.37M | -128.65M | -71.70M | -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
5.53
Price Trends
6.11
Positive
13.69
Negative
13.97
Negative
Market Momentum
-0.27
Negative
54.11
Neutral
90.74
Negative
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 5.53 is below the 20-day moving average (MA) of 5.70, below the 50-day MA of 6.11, and below the 200-day MA of 13.97, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 90.74 is Negative, 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 84 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $9.96M | 17.18 | 1.55% | ― | 5.10% | -26.69% | |
48 Neutral | $26.76M | -3.66 | -17.78% | ― | -14.35% | 70.98% | |
45 Neutral | $9.02M | -0.33 | -185.00% | ― | ― | 93.91% | |
42 Neutral | $72.25M | -0.27 | -1268.15% | ― | 19.56% | 76.66% |
* Industrials Sector Average
LNZA
LanzaTech Global
6.40
-31.20
-82.98%
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LanzaTech Global Corporate Events
Executive/Board ChangesShareholder Meetings
LanzaTech Stockholders Approve Directors, Auditor and Pay Program
Positive
Jun 24, 2026
On June 23, 2026, LanzaTech Global, Inc. held its 2026 Annual Meeting of Stockholders, with 7,865,074 common shares, or about 77.96% of those entitled to vote, represented in person or by proxy. Shareholders elected Class III directors Dorri McWho...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
LanzaTech JV Lists on Hong Kong Stock Exchange
Positive
Jun 4, 2026
On June 3, 2026, Beijing Shougang LanzaTech Technology Co., Ltd., a joint venture in which LanzaTech Global previously held a 9.31% stake, completed an initial public offering of 40 million H shares on the Hong Kong Stock Exchange at about US$1.86...
Private Placements and Financing
LanzaTech Announces $20 Million Registered Direct Stock Offering
Neutral
May 18, 2026
On May 15, 2026, LanzaTech Global entered into a securities purchase agreement with institutional investors to sell 2,000,000 shares of common stock at $10.00 per share in a registered direct offering, for gross proceeds of $20 million, with closi...
Business Operations and StrategyFinancial Disclosures
LanzaTech Highlights Capital-Efficient Growth and SAF Deployment
Positive
May 4, 2026
On May 4, 2026, LanzaTech Global, Inc. released an investor presentation updating stakeholders on its business, liquidity-related actions and strategic initiatives, highlighting a structural cost reset and a shift toward capital-efficient growth. ...
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.