UPDATE: Gevo, Inc. (GEVO) PT Raised to $8.25 at Noble Capital

Noble Capital analyst Poe Fratt raised the price target on Gevo, Inc. (NASDAQ: GEVO) to $8.25 (from $5.00) while maintaining a Outperform rating.

The analyst comments "We believe the high risk/high reward profile remains attractive even after the strong stock price run of 323% in 4Q2020 and 51% this year. Not only is the balance sheet debt free, financial risk has moderated and the FEED engineering firm has been identified. We believe that adding new supply commitments and hitting other milestones/catalysts are on the horizon. As a result, the prospects for 2H2021 financial closing on at least Tranche 1 (the first development phase) have improved."

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