Gevo’s (GEVO) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Gevo (NASDAQ:GEVO) in a research note issued to investors on Friday,Benzinga reports. HC Wainwright currently has 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 %

Gevo stock opened at $1.14 on Friday. Gevo has a 12-month low of $0.48 and a 12-month 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 has a market capitalization of $271.73 million, a PE ratio of -3.34 and a beta of 2.72. The firm has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $1.76.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) 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 firm had revenue of $4.15 million during the quarter, compared to analyst estimates of $3.85 million. As a group, equities research analysts expect that Gevo will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently made changes to their positions in GEVO. Raymond James Financial Inc. bought a new position in shares of Gevo in the fourth quarter valued at $27,000. IHT Wealth Management LLC acquired a new position in shares of Gevo in the 4th quarter valued at $29,000. Signal Advisors Wealth LLC purchased a new position in Gevo in the 4th quarter worth about $34,000. VisionPoint Advisory Group LLC increased its stake in Gevo by 200.9% in the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock worth $65,000 after purchasing an additional 18,734 shares in the last quarter. Finally, Financial Advocates Investment Management raised its holdings in Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock worth $188,000 after buying an additional 19,980 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.