Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>Shortly after the investor event, TRC approved amendments to its bylaws, including clarifying that "the Board may postpone, reschedule or cancel any annual shareholder meeting that it previously scheduled," among other changes.</li><li>TRC's chief growth strategy revolves around three planned MPCs using non-dilutive JV funding.</li><li>Given that construction would be 2-3 years away, we believe the timeline does not meet shareholder objectives.</li></ul>

Shortly after the investor event, TRC approved amendments to its bylaws, including clarifying that "the Board may postpone, reschedule or cancel any annual shareholder meeting that it previously scheduled," among other changes.TRC's chief growth strategy revolves around three planned MPCs using non-dilutive JV funding.Given that construction would be 2-3 years away, we believe the timeline does not meet shareholder objectives.

TRC: Recent Amendments Interesting Post- 2025 Investor Event

Tejon Ranch

TRC: Recent Amendments Interesting Post- 2025 Investor Event