Arq's Fair Value Unchanged Despite GAC Ramp Updates

Arq's latest update keeps its core fair value steady at about US$8.75 per share, despite tweaks to the discount rate and revenue growth. Analysts are fine-tuning their assumptions based on the extended Granular Activated Carbon production ramp. Bullish voices highlight better alignment with real-world operating timelines, while bearish voices focus on execution risk. Clear Street has a Buy rating and a revised price target of US$8, close to the earlier fair value marker.