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

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating reissued by HC Wainwright in a note issued to investors 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 Price Performance

NASDAQ GEVO opened at $1.14 on Friday. The company has a market cap of $271.73 million, a price-to-earnings ratio of -3.34 and a beta of 2.72. 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 fifty day moving average price is $1.55 and its 200 day moving average price is $1.76. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.85 million. As a group, equities research analysts forecast that Gevo will post -0.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEVO. Point72 Asset Management L.P. boosted its stake in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after buying an additional 812,870 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Gevo during the 4th quarter valued at approximately $59,000. Signal Advisors Wealth LLC acquired a new position in shares of Gevo in the 4th quarter valued at $34,000. Ballentine Partners LLC purchased a new stake in Gevo during the fourth quarter worth $54,000. Finally, Janney Montgomery Scott LLC grew its position in Gevo by 166.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock valued at $94,000 after buying an additional 28,000 shares during the period. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Gevo Company Profile

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.