H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Gevo (GEVO – Research Report) today and set a price target of $18.00. The company’s shares closed last Tuesday at $3.17, close to its 52-week low of $2.79.
According to TipRanks.com, Dayal is a top 100 analyst with an average return of 48.9% and a 41.4% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Ballard Power Systems.
Gevo has an analyst consensus of Strong Buy, with a price target consensus of $16.67, a 403.6% upside from current levels. In a report released yesterday, Noble Financial also maintained a Buy rating on the stock with a $16.00 price target.
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The company has a one-year high of $9.64 and a one-year low of $2.79. Currently, Gevo has an average volume of 8.86M.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.
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Gevo, Inc. is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology. The Gevo Development and Agri-Energy segment is currently responsible for the operation of its agri energy facility and the production of ethanol, isobutanol, and related products. The company was founded by Matthew W. Peters, Peter Meinhold, and Frances Hamilton Arnold on June 9, 2005 and is headquartered in Englewood, CO.
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