Agrify Corporation (AGFY) Misses Q2 EPS by $3.24

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Roth Capital Downgrades Agrify Corp. (AGFY) to Neutral

August 16, 2022 8:42 AM EDT

Roth Capital analyst Scott Fortune downgraded Agrify Corp. (NASDAQ: AGFY) from Buy to Neutral with a price target of $1.50.

The analyst comments "Agrify reported 2Q22 revenues of $19.3M, well below expectations, and lowered '22 guidance in half to $70M-$75M on delays and capital market... More