10 Best Waste Management Stocks to Buy According to Analysts

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1. LanzaTech Global, Inc. (NASDAQ:LNZA)

Market cap as of November 22, 2024: $225.47 Million

Number of Hedge Fund Holders: 3

Stock Upside Potential: 243.86%

LanzaTech Global, Inc. (NASDAQ:LNZA) is a waste management company specializing in transforming carbon into fabrics and packaging. It also develops biocatalysts and processes to produce additional products utilizing novel biocatalysts, including acetone, isopropanol (IPA), and industrial solvents.  The company has opened discussions with the US Department for Energy over a potential $200 million financial support to support its SECURE project aimed at sustainable ethylene production from captured carbon dioxide.

Even as it moves to enhance ethylene production from captured carbon dioxide, it has inked a master license agreement with SEKISUI to develop waste-to-ethanol plants across Japan. The agreement aligns with the company’s vision for a circular carbon economy. It has also launched CirculAir™, a new technology with LanzaJet designed to enhance sustainable aviation fuel (SAF) production.

LanzaTech Global, Inc. (NASDAQ:LNZA) has increased its ownership stake in LanzaJet from approximately 23% to 36%, aligning with its strategy to capitalize on the growing demand for SAF. It also hopes to raise up to $150 million, enabling it to profit without issuing more debt or equity. The company has more cash than debt, giving it some financial stability.

While we acknowledge the potential of LNZA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LNZA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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