FY2029 Earnings Forecast for Gevo Issued By HC Wainwright

Gevo, Inc. (NASDAQ:GEVO) – HC Wainwright issued their FY2029 EPS estimates for shares of Gevo in a report released on Tuesday, February 4th. HC Wainwright analyst A. Dayal expects that the energy company will post earnings of $1.08 per share for the year. HC Wainwright has a “Buy” rating and a $14.00 price objective on the stock. The consensus estimate for Gevo’s current full-year earnings is ($0.32) per share.

Separately, UBS Group upped their price target on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Up 6.0 %

Shares of NASDAQ GEVO opened at $1.93 on Friday. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $1.87 and a two-hundred day moving average price of $1.56. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $1.97 million for the quarter, compared to analyst estimates of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same quarter last year, the business earned ($0.07) earnings per share.

Institutional Investors Weigh In On Gevo

Several large investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of Gevo during the second quarter valued at $2,888,000. Point72 Asset Management L.P. boosted its holdings in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after buying an additional 812,870 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Gevo in the fourth quarter worth approximately $468,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo during the second quarter valued at approximately $112,000. Finally, Financial Advocates Investment Management lifted its position in shares of Gevo by 28.5% in the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock valued at $188,000 after acquiring an additional 19,980 shares in the last quarter. 35.17% of the stock is owned by institutional investors.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.