Canaccord Genuity Maintains a 'Buy' on Gevo, Inc. (GEVO); Q1 Preview: Looking at Luverne
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Price: $1.54 +1.99%
Rating Summary:
10 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Gevo, Inc. (NASDAQ: GEVO) price target of $16.00.
Analyst, John Quealy, said, "We maintain our rating as Gevo appears poised to meet its isobutanol start-up milestones at Luverne and EBITDA breakeven looks to be feasible with just two plants. We find the opportunity compelling while acknowledging the speculative risk profile and Butamax litigation."
"We model revs/EPS at $16.2M/$(0.55) vs. consensus at $15.8M/$(0.59). As noted previously, we find financial results to be less meaningful than progress vs. key milestones."
Gevo reports Q1 results on May 1 (at close)
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 $9.82 yesterday.
Analyst, John Quealy, said, "We maintain our rating as Gevo appears poised to meet its isobutanol start-up milestones at Luverne and EBITDA breakeven looks to be feasible with just two plants. We find the opportunity compelling while acknowledging the speculative risk profile and Butamax litigation."
"We model revs/EPS at $16.2M/$(0.55) vs. consensus at $15.8M/$(0.59). As noted previously, we find financial results to be less meaningful than progress vs. key milestones."
Gevo reports Q1 results on May 1 (at close)
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 $9.82 yesterday.
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