Gevo’s (GEVO) “Buy” Rating Reaffirmed at HC Wainwright

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

Separately, UBS Group lowered their price target on shares of Gevo from $1.36 to $0.85 and set a neutral rating on the stock in a report on Wednesday, April 10th.

Gevo Stock Performance

GEVO stock remained flat at $0.66 during midday trading on Friday. The company’s stock had a trading volume of 4,142,296 shares, compared to its average volume of 4,701,442. The stock has a market cap of $159.48 million, a PE ratio of -2.27 and a beta of 2.88. The company’s 50-day moving average is $0.72 and its 200-day moving average is $0.95. Gevo has a twelve month low of $0.57 and a twelve month high of $1.86.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Gevo had a negative return on equity of 11.82% and a negative net margin of 393.88%. The company had revenue of $4.37 million during the quarter, compared to analysts’ expectations of $4.26 million. During the same period last year, the firm posted ($0.11) earnings per share. Research analysts expect that Gevo will post -0.32 earnings per share for the current year.

Institutional Trading of Gevo

Several hedge funds and other institutional investors have recently modified their holdings of the business. Thomist Capital Management LP purchased a new position in Gevo in the 1st quarter valued at approximately $1,833,000. Rafferty Asset Management LLC increased its holdings in Gevo by 4.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 760,597 shares of the energy company’s stock worth $905,000 after acquiring an additional 35,497 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Gevo by 53.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 445,586 shares of the energy company’s stock valued at $530,000 after purchasing an additional 155,385 shares during the period. Citigroup Inc. grew its position in shares of Gevo by 4.0% during the 3rd quarter. Citigroup Inc. now owns 441,136 shares of the energy company’s stock valued at $525,000 after purchasing an additional 17,043 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after purchasing an additional 63,179 shares during the period. Institutional investors own 35.17% of the company’s stock.

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.