Seaport Research initiated coverage of LanzaTech with a Buy rating and $5 price target. LanzaTech’s biorefineries currently produce low-carbon ethanol, called Lanzanol, that receives a price premium in the EU, where certification will allow Lanzanol to be sold in fuel markets as an advanced sustainable fuel, the analyst tells investors. Lanzanol is also a low-carbon feedstock for spin-off LanzaJet’s Sustainable Aviation Fuel, or SAF, production, the analyst noted.
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Read More on LNZA:
- LanzaTech sees FY24 revenue $90M-$105M, two estimates $176.1M
- LanzaTech reports Q4 revenue $20.5M vs. $11.6M last year
- LanzaTech announces reorganization of the management team, headcount reduction
- LanzaTech Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Full Year 2024 Financial Outlook
- LanzaTech Announces Date for Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call
