Canaccord Genuity Maintains a 'Buy' on Gevo, Inc. (GEVO); Court Grants 'Gift'
Tweet
Share
E-mailGet Alerts GEVO Hot Sheet
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
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Benchmark Reiterates Buy Rating on Rank One Computing (ROC)
- DA Davidson Starts Comfort Systems USA (FIX) at Buy
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Canaccord GenuitySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
