Hazer Group's (ASX:HZR) share price potential depends on the progression of both existing and new projects, according to a Tuesday note by Euroz Hartleys.

The company's partnership with engineering firm KBR is expected to fast-track the deployment of Hazer's technology at industrial scale, Euroz said.

Euroz noted that the company has secured funding to advance its graphite marketing, and an AU$10.7 million capital raise, alongside further non-dilutive grant funding, has strengthened the company's liquidity.

The firm maintained the company's speculative buy ratings and its price target of AU$0.76.

Shares of the company rose nearly 3% in recent Tuesday trade.