Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
AQMS 
Aqua Metals Inc (AQMS)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
10/31/2025: AQMS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $12
1 Year Target Price $12
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 43.06% | Avg. Invested days 22 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/31/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 24.22M USD | Price to earnings Ratio - | 1Y Target Price 12 |
Price to earnings Ratio - | 1Y Target Price 12 | ||
Volume (30-day avg) 1 | Beta 0.4 | 52 Weeks Range 3.37 - 39.40 | Updated Date 11/2/2025 |
52 Weeks Range 3.37 - 39.40 | Updated Date 11/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -35.48 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -45.21% | Return on Equity (TTM) -182.91% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 9415938 | Price to Sales(TTM) 865.53 |
Enterprise Value 9415938 | Price to Sales(TTM) 865.53 | ||
Enterprise Value to Revenue 899.77 | Enterprise Value to EBITDA -2.21 | Shares Outstanding 2982762 | Shares Floating 1265700 |
Shares Outstanding 2982762 | Shares Floating 1265700 | ||
Percent Insiders 13.8 | Percent Institutions 5.22 |
Upturn AI SWOT
Aqua Metals Inc
Company Overview
History and Background
Aqua Metals Inc. was founded in 2014. It focuses on developing and commercializing electrochemical lead recycling technology, aiming to provide a cleaner and more sustainable method compared to traditional smelting.
Core Business Areas
- AquaRefining Technology: AquaRefining is the company's core technology, a closed-loop, room-temperature, water-based process for recycling lead-acid batteries.
- Equipment Sales: Aqua Metals sells AquaRefining equipment to recycling facilities.
- Metal Sales: The company sells the recycled lead and other metals recovered from the AquaRefining process.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure is a typical corporate hierarchy with departments for technology, operations, sales, and finance.
Top Products and Market Share
Key Offerings
- AquaRefining Equipment: AquaRefining units are the primary product, sold to battery recycling facilities. Market share is difficult to quantify precisely due to the emerging nature of the technology and varied adoption rates in recycling plants globally. Competitors include traditional lead smelters and other recycling technology companies. Limited data available on market share.
- Recycled Lead: The recovered lead from AquaRefining is sold into the market. Market share is small relative to global lead production. Competitors are established lead producers, typically using smelting. Limited data available on market share.
Market Dynamics
Industry Overview
The lead-acid battery recycling industry is mature but facing increasing environmental scrutiny. There's growing demand for sustainable recycling solutions due to regulations and increasing battery usage.
Positioning
Aqua Metals positions itself as a technology innovator providing a cleaner alternative to traditional lead smelting, aiming to capture market share from existing recycling processes.
Total Addressable Market (TAM)
The global lead-acid battery recycling market is estimated to be worth billions of dollars annually. Aqua Metals is positioned to capture a portion of this TAM by offering a more environmentally friendly recycling technology. Expected TAM is $15-20 Billion USD annually.
Upturn SWOT Analysis
Strengths
- Environmentally friendly technology
- Potential for higher lead purity
- Reduced emissions compared to smelting
- Closed-loop process minimizes waste
Weaknesses
- High capital expenditure
- Operational challenges with new technology
- Dependent on battery recycling market
- Limited track record of profitability
Opportunities
- Increasing environmental regulations
- Growing demand for sustainable lead recycling
- Potential for partnerships with battery manufacturers
- Expansion into other metal recycling
Threats
- Competition from established lead smelters
- Fluctuations in lead prices
- Technological advancements in alternative battery technologies
- Regulatory changes
Competitors and Market Share
Key Competitors
- GLBL
Competitive Landscape
Aqua Metals' competitive advantage lies in its environmentally friendly technology, but it faces challenges from established lead smelters with significant economies of scale and proven track records.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been limited due to the developmental stage of the technology and challenges in commercialization.
Future Projections: Future growth projections are highly uncertain and depend on the successful deployment and adoption of AquaRefining technology.
Recent Initiatives: Recent initiatives include partnerships with battery manufacturers and recycling companies, and efforts to improve the efficiency and scalability of the AquaRefining process.
Summary
Aqua Metals aims to disrupt lead recycling with its innovative technology. While it offers an environmentally superior alternative to traditional smelting, it faces considerable challenges in scaling operations and achieving profitability. Success depends on wider adoption of its technology and overcoming operational hurdles. Investors should be cautious due to the inherent risks of a developing company and reliance on lead prices and battery market conditions. Their recent deal with LiNiCo is promising but unproven.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Press releases
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. The information is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Aqua Metals Inc
Exchange NASDAQ | Headquaters Reno, NV, United States | ||
IPO Launch date 2015-07-31 | CEO, President & Director Mr. Stephen Cotton | ||
Sector Industrials | Industry Waste Management | Full time employees 11 | Website https://www.aquametals.com |
Full time employees 11 | Website https://www.aquametals.com | ||
Aqua Metals, Inc. engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries. Its AquaRefining, a low-emissions and recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries. Aqua Metals, Inc. was incorporated in 2014 and is headquartered in Reno, Nevada.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.