Stifel analyst Derrick Whitfield reiterated a Buy rating and $5 price target on shares of Gevo after the company finalized an agreement with Zero6 Energy for the development of a 20 MW green hydrogen production facility in Lake Preston. The new Dakota Renewable Hydrogen Project will be located on the Net Zero 1 property under a long-term lease agreement with Gevo and over 80% of the green hydrogen production capacity will be piped directly to Gevo’s Net Zero 1 plant, the analyst tells investors in a research note.
Published first on TheFly
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