Gevo (GEVO) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Gevo (NASDAQ:GEVO) from a buy rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “Gevo, Inc. is a renewable chemicals and advanced biofuels company engaged in the development of biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. The Company is focused on the commercialization of isobutanol, a naturally occurring four carbon alcohol with broad applications in large chemicals and fuels markets. Isobutanol can be used as a solvent and a gasoline blendstock and can be further processed into jet fuel and feedstocks for the production of synthetic rubber, plastics and polyesters. Markets served by the Company include solvents and coatings, materials, plastics and fibers, biojet blendstock, gasoline blendstock and other hydrocarbon fuels. “

Other research analysts have also issued reports about the company. ValuEngine lowered Gevo from a buy rating to a hold rating in a research report on Monday, March 25th. HC Wainwright set a $10.00 target price on Gevo and gave the company a buy rating in a research report on Thursday, March 28th.

Shares of NASDAQ:GEVO opened at $1.93 on Tuesday. Gevo has a 1 year low of $1.79 and a 1 year high of $24.74. The stock has a market cap of $23.42 million, a P/E ratio of -0.37 and a beta of 2.95.

Gevo (NASDAQ:GEVO) last announced its earnings results on Wednesday, May 8th. The energy company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($0.16). Gevo had a negative net margin of 101.89% and a negative return on equity of 27.80%. The business had revenue of $6.40 million for the quarter, compared to analyst estimates of $5.57 million. Equities analysts predict that Gevo will post -1.47 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new stake in Gevo during the 1st quarter valued at about $67,000. KBC Group NV grew its stake in Gevo by 226.3% during the 4th quarter. KBC Group NV now owns 48,033 shares of the energy company’s stock valued at $94,000 after purchasing an additional 33,313 shares during the last quarter. Vanguard Group Inc grew its stake in Gevo by 596.4% during the 3rd quarter. Vanguard Group Inc now owns 91,617 shares of the energy company’s stock valued at $363,000 after purchasing an additional 78,461 shares during the last quarter. Vanguard Group Inc. grew its stake in Gevo by 596.4% during the 3rd quarter. Vanguard Group Inc. now owns 91,617 shares of the energy company’s stock valued at $363,000 after purchasing an additional 78,461 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Gevo by 4,086.6% during the 3rd quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock valued at $614,000 after purchasing an additional 151,368 shares during the last quarter. Institutional investors and hedge funds own 8.65% of the company’s stock.

Gevo Company Profile

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.

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