Canaccord Genuity Maintains a 'Buy' on Gevo, Inc. (GEVO); Updating Estimates on Favorable Ruling & Financing
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 $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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
- Intchains Group Ltd (ICG) PT Lowered to $2 at Benchmark Following 1H Results
- DA Davidson Starts Everus (ECG) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated 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!
