HC Wainwright Reaffirms Buy Rating for Gevo (NASDAQ:GEVO)

HC Wainwright reiterated their buy rating on shares of Gevo (NASDAQ:GEVO) in a report published on Friday,Benzinga reports. They currently have a $14.00 target price on the energy company’s stock. HC Wainwright also issued estimates for Gevo’s FY2028 earnings at $0.31 EPS and FY2029 earnings at $1.04 EPS.

Gevo Trading Down 9.9 %

NASDAQ:GEVO opened at $1.14 on Friday. The stock has a market cap of $271.73 million, a PE ratio of -3.34 and a beta of 2.72. Gevo has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The stock’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.76.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $4.15 million during the quarter, compared to analyst estimates of $3.85 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. As a group, equities research analysts forecast that Gevo will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Gevo

Large investors have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. acquired a new stake in shares of Gevo in the 4th quarter valued at $189,000. Two Sigma Investments LP raised its holdings in Gevo by 671.3% during the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company’s stock valued at $690,000 after buying an additional 287,150 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Gevo in the fourth quarter worth about $282,000. Balyasny Asset Management L.P. acquired a new stake in shares of Gevo in the fourth quarter worth about $234,000. Finally, Bank of America Corp DE boosted its stake in shares of Gevo by 160.7% during the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company’s stock worth $754,000 after acquiring an additional 222,237 shares in the last quarter. 35.17% of the stock is owned by institutional investors.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.