Gevo (GEVO) Tops Q3 EPS by 16c
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Gevo (GEVO) Plant Breakeven Taking Shape; Cowen Affirms at 'Market Perform'
November 12, 2014 9:08 AM ESTCowen and Company affirms Gevo, Inc. (Nasdaq: GEVO) at Market Perform with a price target of $1 folloinwg Q3 results reporetd on Tuesday night.
Analyst Jeffrey Osborne commented, Gevo reported revenue of $10.1 mn compared to our and consensus estimates of $13.5 mn and $13.0 mn. However, net income was materially increased by both gains from a change in fair value of derivatives and from a change in the fair value of 2017 convertibles, of $4.9 mn and $5.7 mn, respectively. As a result, reported EPS came in at ($0.01), better than our and... More
