HC Wainwright & Co. Reiterates Buy on Gevo, Maintains $14 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Updated: May 03 2024
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Source: Benzinga
GEVO.O$0.0000%Past 6 months

No Data
Analyst Views on GEVO
Wall Street analysts forecast GEVO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEVO is 8.13 USD with a low forecast of 2.25 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast GEVO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEVO is 8.13 USD with a low forecast of 2.25 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 2.390

Current: 2.390

H.C. Wainwright
Amit Dayal
maintain
$14
Reason
H.C. Wainwright
Amit Dayal
H.C. Wainwright analyst Amit Dayal maintains a Buy rating on Gevo with a $14 price target after the the company received a letter from the Department of Energy's Loan Programs Office granting an extension of the $1.6B conditional commitment until April 16, 2026. The news is believe " materially positive" for Gevo, as the Department of Energy is showing flexibility in bringing new sustainable aviation fuel capacity to the market, the analyst tells investors in a research note. H.C. Wainwright believes the disclosure "addresses a major overhang" relating to the financing for Gevo's synthetic aviation fuel expansion plans.
UBS raised the firm's price target on Gevo to $2.25 from $1.15 and keeps a Neutral rating on the shares. There is still a lack of clarity on the DOE loan conditional commitment, the analyst tells investors in a research note.
Maintains
$3.25 → $1.15
Reason
Price Target
$3.25 → $1.15
HC Wainwright & Co.
Amit Dayal
Reiterates
$14
Reason
HC Wainwright & Co.
Amit Dayal
About GEVO
Gevo, Inc. is a diversified energy company. The Company’s segments include Gevo, GevoFuels, GevoRNG and Gevo North Dakota (GevoND). The Gevo segment is responsible for all research and development activities related to the future production of SAF, commercial opportunities for other renewable hydrocarbon products, such as hydrocarbons for gasoline blendstocks and diesel fuel; ingredients for the chemical industry, such as ethylene and butene; plastics and materials, and other chemicals. The GevoFuels segment is focused on advancing practical, low-carbon energy alternatives that promote energy independence and strengthen the economy. The GevoRNG segment is a project that leverages anaerobic digestion technology to capture and convert methane emissions into renewable natural gas. The GevoND segment includes advanced CCS technologies and low-carbon ethanol assets at a facility in North Dakota, enhancing its portfolio of integrated carbon abatement solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.