LanzaTech Global (LNZA)
NASDAQ:LNZA
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LanzaTech Global
(NASDAQ:LNZA)
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Rating:43Neutral
Price Target:
$7.00
▼(-68.99% Downside)
Action:Reiterated
Date:05/27/26
The score is held down primarily by weak financial quality (large ongoing losses, persistent negative free cash flow, and financing risk) and bearish technicals (price below all major moving averages with negative MACD). Corporate updates around cost resets and SAF deployment provide some support, but valuation remains constrained by negative earnings and no dividend data.
Positive Factors
Revenue & Margin Improvement
Consistent revenue growth and improved gross margins indicate better unit economics as the business scales. Durable top-line expansion supports higher fixed-cost absorption and strengthens the path toward commercial breakeven, improving the long-term viability of the gas fermentation model.
Negative Factors
Persistent negative cash flow
Ongoing negative operating and free cash flows reflect structural cash burn tied to operations and deployment. Persistent outflows necessitate frequent external funding, limit reinvestment capacity, and increase the risk that multi-site rollouts will be constrained by financing availability rather than commercial demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
Consistent revenue growth and improved gross margins indicate better unit economics as the business scales. Durable top-line expansion supports higher fixed-cost absorption and strengthens the path toward commercial breakeven, improving the long-term viability of the gas fermentation model.
Read all positive factors
LanzaTech Global (LNZA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$62.15M
Dividend YieldN/A
Average Volume (3M)26.27K
Price to Earnings (P/E)―
Beta (1Y)2.35
Revenue Growth19.56%
EPS Growth76.66%
CountryUS
Employees383
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-20.13
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 Cap0.16
Enterprise Value/Revenue0.17
Enterprise Value/Gross Profit0.38
Enterprise Value/Ebitda-0.19
Forecast
1Y Price Target
$15.00Price Target Upside-33.54% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-7.66
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 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 | -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
Negative
22.57
Price Trends
20.58
Negative
16.01
Negative
17.90
Negative
Market Momentum
-4.48
Positive
25.10
Positive
1.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNZA, the sentiment is Negative. The current price of 22.57 is above the 20-day moving average (MA) of 14.72, above the 50-day MA of 20.58, and above the 200-day MA of 17.90, indicating a bearish trend. The MACD of -4.48 indicates Positive momentum. The RSI at 25.10 is Positive, neither overbought nor oversold. The STOCH value of 1.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $9.90M | 16.93 | 0.47% | ― | 5.10% | -26.69% | |
48 Neutral | $14.19M | -0.75 | -274.21% | ― | ― | -111.52% | |
46 Neutral | $24.80M | -3.43 | -44.35% | ― | -14.35% | 70.98% | |
43 Neutral | $62.15M | -0.32 | -1268.15% | ― | 19.56% | 76.66% |
* Industrials Sector Average
LNZA
LanzaTech Global
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LanzaTech Global Corporate Events
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.