HC Wainwright Estimates Gevo's FY2029 Earnings (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO - Free Report) - Equities research analysts at HC Wainwright issued their FY2029 earnings estimates for Gevo in a research note issued on Tuesday, February 4th. HC Wainwright analyst A. Dayal expects that the energy company will earn $1.08 per share for the year. HC Wainwright currently has a "Buy" rating and a $14.00 price target on the stock. The consensus estimate for Gevo's current full-year earnings is ($0.32) per share.

Separately, UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd.

Gevo Trading Down 0.8 %

Shares of Gevo stock traded down $0.02 during trading hours on Friday, reaching $1.76. 4,055,077 shares of the company's stock were exchanged, compared to its average volume of 7,683,403. Gevo has a 52-week low of $0.48 and a 52-week high of $3.39. The company has a fifty day moving average of $1.88 and a 200-day moving average of $1.59. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $420.16 million, a price-to-earnings ratio of -5.16 and a beta of 2.73.

Hedge Funds Weigh In On Gevo

Several institutional investors and hedge funds have recently bought and sold shares of GEVO. Millennium Management LLC acquired a new stake in Gevo during the 2nd quarter worth approximately $2,888,000. Point72 Asset Management L.P. grew its stake in Gevo by 54.2% during 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. acquired a new stake in shares of Gevo in the fourth quarter worth $468,000. Cubist Systematic Strategies LLC purchased a new position in shares of Gevo in the 2nd quarter valued at $112,000. Finally, Amundi acquired a new position in shares of Gevo during the 4th quarter valued at $301,000. Institutional investors and hedge funds own 35.17% of the company's stock.

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.