Gevo’s (GEVO) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Gevo (NASDAQ:GEVO) in a report released on Monday morning,Benzinga reports. They currently have a $14.00 price objective on the energy company’s stock.

Gevo Stock Performance

Shares of NASDAQ:GEVO opened at $1.21 on Monday. Gevo has a 12-month low of $0.48 and a 12-month high of $3.39. The company’s 50 day moving average price is $1.86 and its two-hundred day moving average price is $1.71. The firm has a market cap of $289.68 million, a PE ratio of -3.56 and a beta of 2.72. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. Point72 Asset Management L.P. grew its holdings in shares of Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Gevo during the fourth quarter worth about $59,000. Signal Advisors Wealth LLC bought a new position in Gevo in the 4th quarter valued at about $34,000. Ballentine Partners LLC acquired a new position in shares of Gevo in the 4th quarter valued at approximately $54,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Gevo by 166.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after acquiring an additional 28,000 shares during the period. 35.17% of the stock is owned by institutional investors and hedge funds.

About Gevo

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.