Progressive shares fall as Q3 earnings, revenue miss expectations
Investing.com - Benchmark raised its price target on Aqua Metals (NASDAQ:AQMS) to $7.00 from $3.00 on Thursday, while maintaining a Speculative Buy rating on the stock. The company, currently trading at $4.19 with a market cap of just $4.05 million, has shown strong momentum with a 12.5% gain over the past week, according to InvestingPro data.
The price target increase follows Aqua Metals’ second-quarter 2025 results and subsequent update on its commercialization progress.
Benchmark noted that Aqua Metals has achieved best-in-class lithium carbonate purity with less than 30 ppm fluorine content through its AquaRefining process.
The research firm highlighted validation that Aqua Metals’ process can match Chinese hydrometallurgical costs while operating at approximately half the cost of traditional U.S. methods.
While Aqua Metals remains pre-revenue at scale, Benchmark cited the company’s superior product specifications, cost competitiveness, and IP protection as factors creating a "high-risk, high-reward investment profile" dependent on securing offtake, licensing, and joint venture agreements.
In other recent news, Aqua Metals Inc . reported a net loss of $6.8 million, translating to $7.44 per share, during its Q2 2025 earnings call. The company announced significant operational changes aimed at conserving cash, including the sale of assets and workforce reductions. These developments come as part of Aqua Metals’ strategic shift to streamline operations and improve financial stability. The company’s efforts reflect a broader trend in the industry to adapt to changing market conditions. Aqua Metals’ management is focusing on strategic realignments to enhance operational efficiency. Despite the financial challenges, the company remains committed to its long-term goals. Investors will be closely monitoring how these changes impact Aqua Metals’ financial health in the upcoming quarters.
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