MAR 5·TipRanksMed
Stabilis Solutions cut to Hold at Maxim based on LNG timeline update
Maxim has downgraded Stabilis Solutions (SLNG) from Buy to Hold, citing a longer estimated timeline for natural gas use as engine fuel, higher capital requirements for LNG delivery infrastructure, and limited barriers to entry. This downgrade is accompanied by reduced revenue and EBITDA estimates due to projections of fewer gallons of liquefied natural gas delivered and lower gross margins per gallon. The analyst also notes Stabilis Solutions CEO's previous statement that 2027 is "shaping up to be a historic year" for the company.