Gevo (NASDAQ:GEVO) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Gevo (NASDAQ:GEVO) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $14.00 price objective on the energy company’s stock.

Gevo Stock Down 9.9 %

GEVO opened at $1.14 on Friday. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The business has a 50 day moving average price of $1.55 and a two-hundred day moving average price of $1.75. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market cap of $271.73 million, a PE ratio of -3.34 and a beta of 2.72.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GEVO. Point72 Asset Management L.P. increased its position in Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Gevo in the fourth quarter valued at approximately $59,000. Signal Advisors Wealth LLC acquired a new position in Gevo during the fourth quarter worth $34,000. Ballentine Partners LLC purchased a new position in Gevo in the fourth quarter worth $54,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Gevo by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock valued at $94,000 after acquiring an additional 28,000 shares during the period. 35.17% of the stock is owned by hedge funds and other 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.