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AQMS Stock Forecast: Aqua Metals, Inc. Price Predictions for 2026-2027

Last close, 14 Sept 2026
$2.25
−2.60% on the day

The 1 Wall Street analysts covering Aqua Metals, Inc. hold a median 12-month price target of $5 — +122.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 13 of 100 as at 14 Sept 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$8.0M
Ticker Nerd rank
13 / 100
Median analyst target
$5.00
Analysts covering
1
Revenue$0.0
Operating income−$4.6M
Net income−$4.5M
Free cash flow−$2.6M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−25.0%
1M
−19.9%
YTD
−53.1%
1Y
−38.5%
From 52W high
−92.4%
From 52W low
+1.4%
$2
$30
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

AQMS stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Aqua Metals, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 14 Sept 2026
13 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Size
94
Accruals
62
Volatility
52
Issuance
36
Growth
31
Revisions
25
Momentum
6
Quality
4
Value
2

Size (94): Smaller than most of the companies we track.

Value (2): The shares cost a lot relative to the profits and assets behind them.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

AQMS stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on AQMS, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$2$4$6$8$10$12Oct 25Jan 26Apr 26Jul 26AQMSHigh $5.00Median $5.00Low $5.00

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says1 analysts
1 Buy0 Hold0 Sell
Low $5.00Median $5.00High $5.00

The green dot is the last close — the median target sits +122.2% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
31 July 2026BenchmarkMaintainsSpeculative Buy$12 → $5.00
23 Oct 2025BenchmarkMaintainsSpeculative Buy—
23 Oct 2025BenchmarkMaintainsSpeculative Buy$7.00 → $12
2 Apr 2025BenchmarkReiteratesSpeculative Buy—
6 Aug 2024BenchmarkMaintainsSpeculative Buy—
6 Aug 2024HC Wainwright & Co.MaintainsBuy—
16 May 2024BenchmarkReiteratesBuy—
16 May 2024HC Wainwright & Co.ReiteratesBuy—
28 Mar 2024BenchmarkReiteratesSpeculative Buy—
28 Mar 2024HC Wainwright & Co.ReiteratesBuy—
15 Mar 2024BenchmarkInitiatesSpeculative Buy—
10 Aug 2023HC Wainwright & Co.ReiteratesBuy—
10 Aug 2023OppenheimerDowngradePerform—
5 Mar 2021HC Wainwright & Co.InitiatesBuy—
3 Dec 2019Alliance Global PartnersDowngradeHold—
22 June 2017Rodman & RenshawInitiatesBuy—
16 Feb 2017National SecuritiesInitiatesBuy—
16 Feb 2017National Securities CorporationInitiatesBuy—
22 Oct 2015OppenheimerInitiatesOutperform—
21 Oct 2015OppenheimerInitiatesOutperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. AQMS appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

AQMS vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 14 Sept 2026, Aqua Metals, Inc. returned −38.5% against +17.0% for the S&P 500, dividends included.

AQMS vs S&P 500, last 12 monthsTotal return, rebased to 100
0100200300400Oct 25Jan 26Apr 26Jul 26AQMSS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

AQMS analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Fundamentals

Aqua Metals, Inc. (AQMS) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−0.1×

Cheaper than 77% of US stocks

Price / sales
—
Price / book
0.8×

Cheaper than 78% of US stocks

EV / EBITDA
−0.2×

Cheaper than 62% of US stocks

Growth & margins
Revenue growth (YoY)
—
Earnings growth (YoY)
—
Gross margin
—
Operating margin
0.0%

Higher than 32% of US stocks

Net margin
0.0%

Higher than 30% of US stocks

Returns & dividend
Return on equity
−218.4%

Higher than 7% of US stocks

Return on assets
−92.9%

Higher than 3% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Aqua Metals, Inc. (AQMS) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Aqua Metals, Inc. has a market value of $8.0M and an enterprise value of $3.7M.

  • Revenue in the twelve months to 30 June 2026: $0.0.

  • Net income over the same four quarters: −$16.0M.

  • Free cash flow in the twelve months to 30 June 2026: −$11.4M.

  • Shares outstanding: 3.5M.

  • Trailing P/E: −0.1×; forward P/E: −1.4× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Aqua Metals, Inc. employs 11 people.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 15 Sept 2026

Data provided by Twelve Data

Peers

AQMS vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelWaste Management
CompanyMarket capTKN rank
AQMSAqua Metals, Inc.$8.0M
13
AWXAvalon Holdings Corp.$10.1M
92
DXSTDecent Holding, Inc.$4.6M
11
CDTGCDT Environmental Technology Investment Holdings Ltd.$4.2M
12
GWAVGreenwave Technology Solutions, Inc.$2.6M
50
QRHCQuest Resource Holding Corp.$28.9M
90
LNZALanzaTech Global, Inc.$79.3M
27

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Aqua Metals, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest AQMS news & analysis

Aqua Metals Signs Five-Year Copper and Aluminum Offtake LOI, Completing Commercial Coverage of Three Project Headwaters Product Streams

GlobeNewsWire · 14 Sept 2026positive

Aqua Metals signed a five-year letter of intent for the purchase of up to 100% of commercially saleable copper and aluminum from Project Headwaters, representing more than $105 million in projected value at current commodity prices. This follows a previously announced lithium offtake framework with WMC Group and completes commercial coverage of the project's three product streams.

Why it matters — AQMS watchers would care because securing offtake agreements for all three Project Headwaters product streams strengthens the commercial foundation for Aqua Metals' planned domestic LFP recycling platform.

Aqua Metals and WMC Sign LOI Covering 100% of Planned Lithium Carbonate Output from First Commercial-Scale AquaRefining™ Facility

GlobeNewsWire · 31 Aug 2026positive

Aqua Metals announced it has signed a non-binding six-year letter of intent with WMC Group AG covering 100% of the planned lithium carbonate output from Project Headwaters, which is expected to be the first commercial-scale deployment of the company's AquaRefining process for lithium carbonate production. The project's planned output of approximately 7,000 metric tons through 2032 represents roughly $135 million of illustrative gross value at current market pricing.

Why it matters — This agreement secures an offtake arrangement for the full planned output of the company's first commercial-scale lithium carbonate facility, marking a significant commercial milestone for the AquaRefining technology.

Aqua Metals, Inc. (AQMS) Q2 2026 Earnings Call Transcript

Seeking Alpha · 30 July 2026neutral

Aqua Metals held its Q2 2026 earnings call, and Seeking Alpha published the transcript of that event.

Why it matters — AQMS watchers would care because the earnings call transcript provides management's direct commentary on the company's financial results and strategic outlook.

Aqua Metals Reports Second Quarter 2026 Results and Advances Phased Commercialization Plan for Headwaters ARC

GlobeNewsWire · 30 July 2026positive

Aqua Metals reported its second quarter 2026 results and provided an update on its phased commercialization plan for the Headwaters ARC, which is designed to establish domestic processing capacity for the fast-growing LFP critical minerals processing market.

Why it matters — AQMS watchers would care because the update on the Headwaters ARC staged commercialization plan signals the company's progress toward establishing domestic processing capacity in the growing LFP critical minerals market.

FAQ

Frequently asked questions about AQMS stock

What is the AQMS stock price forecast for 2026-2027?

The 1 Wall Street analysts covering Aqua Metals, Inc. have a median 12-month price target of $5, with estimates ranging from $5 to $5. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is AQMS stock a buy right now?

Of the 1 analysts covering Aqua Metals, Inc., 1 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Aqua Metals, Inc. 13 out of 100 across roughly 4,600 US stocks as at 14 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank AQMS?

As at 14 Sept 2026, Aqua Metals, Inc. ranks 13 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Size (94 of 100).

Will AQMS stock go up?

No one can know that. What the data says: the median 12-month target from 1 analysts implies +122.2% from the last close, and Ticker Nerd's factor model ranks Aqua Metals, Inc. 13 out of 100 as at 14 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the AQMS stock forecast for 2030?

No analyst covering Aqua Metals, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for AQMS are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $5 to $5 over the next 12 months.

How has AQMS stock performed over the past year?

Aqua Metals, Inc. returned -38.5% over the 12 months to 14 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Aqua Metals, Inc. do?

Aqua Metals, Inc. is a metals recycling and refining technology company focused on recovering critical minerals and battery materials through its proprietary AquaRefining process.

What is the latest news on AQMS?

The most recent item we track (GlobeNewsWire, 14 Sept 2026): "Aqua Metals Signs Five-Year Copper and Aluminum Offtake LOI, Completing Commercial Coverage of Three Project Headwaters Product Streams". Aqua Metals signed a five-year letter of intent for the purchase of up to 100% of commercially saleable copper and aluminum from Project Headwaters, representing more than $105 million in projected value at current commodity prices. This follows a previously announced lithium offtake framework with WMC Group and completes commercial coverage of the project's three product streams.

Company

About Aqua Metals, Inc.

Aqua Metals, Inc. is a metals recycling and refining technology company focused on recovering critical minerals and battery materials through its proprietary AquaRefining process. The company develops electro-hydrometallurgical systems that use electricity-powered, closed-loop processing to extract high-purity metals from spent batteries and other metal-bearing feedstocks. Its technologies are designed for use in lithium-ion battery recycling and broader metals recovery applications, supporting the production of materials such as lithium, nickel, cobalt, copper, and lead for reuse in industrial supply chains. Aqua Metals also provides recycling systems, related services, and technology licensing to industry participants. Headquartered in Reno, Nevada, and incorporated in 2014, Aqua Metals operates in the industrial materials and battery recycling markets, where it serves as a technology provider for sustainable metals recovery.

CEO Mr. Stephen Cotton · 11 employees · United States · https://www.aquametals.com