HC Wainwright Has Negative Forecast for Gevo FY2028 Earnings

Gevo, Inc. (NASDAQ:GEVO) – HC Wainwright lowered their FY2028 EPS estimates for shares of Gevo in a research note issued on Wednesday, May 14th. HC Wainwright analyst A. Dayal now forecasts that the energy company will post earnings of $0.27 per share for the year, down from their prior estimate of $0.31. HC Wainwright has a “Buy” rating and a $14.00 price objective on the stock. The consensus estimate for Gevo’s current full-year earnings is ($0.42) per share. HC Wainwright also issued estimates for Gevo’s FY2029 earnings at $0.99 EPS.

Separately, UBS Group decreased their target price on shares of Gevo from $3.25 to $1.15 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd.

Gevo Price Performance

Shares of GEVO opened at $1.22 on Friday. The firm has a market cap of $292.32 million, a PE ratio of -3.59 and a beta of 2.51. 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 fifty day simple moving average of $1.16 and a two-hundred day simple moving average of $1.55. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39.

Gevo (NASDAQ:GEVO) last announced its earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $29.11 million during the quarter, compared to analyst estimates of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Gevo in the 4th quarter worth $27,000. IHT Wealth Management LLC purchased a new stake in shares of Gevo in the 4th quarter worth $29,000. Signal Advisors Wealth LLC purchased a new stake in shares of Gevo in the 4th quarter worth $34,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Gevo in the 1st quarter worth $36,000. Finally, Deutsche Bank AG increased its stake in shares of Gevo by 5,808.4% in the 1st quarter. Deutsche Bank AG now owns 40,709 shares of the energy company’s stock worth $47,000 after purchasing an additional 40,020 shares in the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

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.