Canaccord Genuity Maintains a 'Buy' on Gevo, Inc. (GEVO); Updating Estimates on Favorable Ruling & Financing

July 2, 2012 8:20 AM EDT
Get Alerts GEVO Hot Sheet
Price: $0.19 --0%

Rating Summary:
    8 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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Canaccord Genuity maintains a 'Buy' on Gevo, Inc. (NASDAQ: GEVO) price target of $10.00 (from $16.00).

Analyst, John Quealy, said, "With the favorable court ruling and financing complete, near-term overhangs have now cleared (and the stock has re-set on a bigger-than-expected deal) and we look for shares to build off this base as production ramps in ‘13. That said, volatility will remain elevated moving toward the next major catalyst (April ’13 trial)."

"F2012 goes to $37.1M/$(2.02) from $37.1M/ $(2.53); F2013 to $72.4M/$(1.29) from $72.4M/$(1.87); F2014 to $366M/$0.22 from $366M/$0.43."

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 $4.97 yesterday.

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