TD Cowen analyst Jason Gabelman initiated coverage of LanzaTech with a Hold rating and $3 price target. LanzaTech’s proprietary technology to convert waste carbon to ethanol could ultimately prove to be a scalable emission reduction solution, but deployment has been slower than envisioned and the firm expects earnings to be volatile over the next couple of years as the company attempts to increase that deployment, the analyst tells investors.
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Read More on LNZA:
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