Canaccord Genuity Maintains a 'Buy' on Gevo, Inc. (GEVO); Court Grants 'Gift'
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Price: $1.82 -1.09%
Rating Summary:
8 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
8 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade GEVO Now!
Canaccord Genuity maintains a 'Buy' on Gevo, Inc. (NASDAQ: GEVO) price target of $16.00.
Analyst, John Quealy, said, "We expect Gevo’s pioneering technology to successfully ramp into commercial production of cost-effective gateway chemicals, such as isobutanol, over the next 12 months. Volatility will remain elevated."
"Looking forward, remaining litigation likely continues for some time, in our
view (remaining a drag given legal expense). That said, risk is now significantly lowered, as upcoming milestones remain firmly intact. A capital raise also looks more likely in the near term ($150M shelf outstanding) with this hurdle now cleared."
For an analyst ratings summary and ratings history on Gevo, Inc. click here. For more ratings news on Gevo, Inc. click here.
Shares of Gevo, Inc. closed at $5.92 yesterday, with a 52 week range of $4.84-$18.75.
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Analyst, John Quealy, said, "We expect Gevo’s pioneering technology to successfully ramp into commercial production of cost-effective gateway chemicals, such as isobutanol, over the next 12 months. Volatility will remain elevated."
"Looking forward, remaining litigation likely continues for some time, in our
view (remaining a drag given legal expense). That said, risk is now significantly lowered, as upcoming milestones remain firmly intact. A capital raise also looks more likely in the near term ($150M shelf outstanding) with this hurdle now cleared."
For an analyst ratings summary and ratings history on Gevo, Inc. click here. For more ratings news on Gevo, Inc. click here.
Shares of Gevo, Inc. closed at $5.92 yesterday, with a 52 week range of $4.84-$18.75.
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