Canaccord Genuity Starts Gevo, Inc. (GEVO) at Buy; Next Generation Chemicals
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Price: $0.71 +1.43%
Rating Summary:
8 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
8 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Canaccord Genuity initiates coverage on Gevo, Inc. (NASDAQ: GEVO) with a Buy. PT $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...With commercial isobutanol production expected as early as Q3/12, we find near-term share momentum will be largely driven by project status and supply/off-take agreements."
"Beyond the elevated risks profile for speculative companies, litigation with Butamax is an overhang. We find a cross-licensing agreement an attractive outcome, but any resolution will clearly be binary for the stock."
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 $10.49 yesterday.
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...With commercial isobutanol production expected as early as Q3/12, we find near-term share momentum will be largely driven by project status and supply/off-take agreements."
"Beyond the elevated risks profile for speculative companies, litigation with Butamax is an overhang. We find a cross-licensing agreement an attractive outcome, but any resolution will clearly be binary for the stock."
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 $10.49 yesterday.
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