Gevo (NASDAQ:GEVO) Upgraded to “Hold” at Zacks Investment Research

Gevo (NASDAQ:GEVOGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, 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. “

Separately, Citigroup started coverage on shares of Gevo in a research note on Wednesday, February 9th. They set a “buy” rating and a $5.00 target price for the company.

GEVO traded down $0.05 during trading on Tuesday, hitting $4.58. The company’s stock had a trading volume of 6,378,019 shares, compared to its average volume of 9,014,598. The company has a quick ratio of 10.70, a current ratio of 10.78 and a debt-to-equity ratio of 0.15. Gevo has a one year low of $2.79 and a one year high of $9.64. The firm has a market cap of $925.11 million, a PE ratio of -15.79 and a beta of 3.28. The business’s 50 day simple moving average is $3.97 and its 200-day simple moving average is $5.01.

Gevo (NASDAQ:GEVOGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.01). The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.61 million. Gevo had a negative return on equity of 10.39% and a negative net margin of 8,326.72%. During the same period last year, the company earned ($0.07) earnings per share. Equities research analysts expect that Gevo will post -0.35 EPS for the current fiscal year.

In related news, Director Gary W. Mize acquired 35,339 shares of the stock in a transaction on Thursday, March 24th. The stock was bought at an average cost of $4.48 per share, with a total value of $158,318.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in GEVO. Dark Forest Capital Management LP bought a new stake in shares of Gevo in the 3rd quarter valued at about $26,000. Benjamin Edwards Inc. bought a new stake in shares of Gevo in the 4th quarter valued at about $46,000. Valeo Financial Advisors LLC bought a new stake in shares of Gevo in the 3rd quarter valued at about $66,000. NinePointTwo Capital LLC bought a new stake in shares of Gevo in the 3rd quarter valued at about $69,000. Finally, Peregrine Asset Advisers Inc. bought a new stake in shares of Gevo in the 3rd quarter valued at about $74,000. 34.68% of the stock is owned by institutional investors.

Gevo Company Profile (Get Rating)

Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.

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