Are Gevo (NASDAQ:GEVO) Shares Headed North? H.C. Wainwright Issues Upgrade.

September 8, 2018 - By Kristin Houston

Gevo, Inc. (NASDAQ:GEVO) Logo

Gevo (NASDAQ:GEVO) Stock Upgrade

H.C. Wainwright has upped shares of Gevo (NASDAQ:GEVO) stock to a Buy in analysts report made public today. GEVO’s past rating was only a Neutral.

The stock increased 7.47% or $0.29 during the last trading session, reaching $4.17. About 2.83 million shares traded or 32.09% up from the average. Gevo, Inc. (NASDAQ:GEVO) has declined 69.19% since September 8, 2017 and is downtrending. It has underperformed by 81.76% the S&P500.

Analysts await Gevo, Inc. (NASDAQ:GEVO) to report earnings on November, 5. They expect $-4.80 earnings per share, up 33.33 % or $2.40 from last year’s $-7.2 per share. After $-3.31 actual earnings per share reported by Gevo, Inc. for the previous quarter, Wall Street now forecasts 45.02 % negative EPS growth.

Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum products based on isobutanol produced from renewable feedstocks in the United States. The company has market cap of $33.72 million. It operates through two divisions, Gevo, Inc. and Gevo Development/Agri-Energy. It currently has negative earnings. The firm engages in the research and development, and production of isobutanol; development of its proprietary biocatalysts; production and sale of biojet fuel; and retrofit process of chemicals and biofuels.

More notable recent Gevo, Inc. (NASDAQ:GEVO) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within Powell Industries, ConforMIS, Heska, Gevo, QAD, and Northeast — Future …” on September 05, 2018, also Nasdaq.com with their article: “Gevo to Deploy Shockwave’s Process to Enhance Production of Proteins and Vegetable Oils for the Food Chain While …” published on August 14, 2018, Benzinga.com published: “Analyst: Biofuel Company Gevo Could More Than Quadruple Revenue By 2025” on September 07, 2018. More interesting news about Gevo, Inc. (NASDAQ:GEVO) were released by: Nasdaq.com and their article: “Gevo to Participate in the alphaDIRECT Advisors Virtual Conference Series on August 30, 2018” published on August 29, 2018 as well as Streetinsider.com‘s news article titled: “HC Wainwright Upgrades Gevo, Inc. (GEVO) to Buy” with publication date: September 07, 2018.

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