Gevo (NASDAQ:GEVO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
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. “
Several other equities research analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Gevo from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. HC Wainwright lowered shares of Gevo from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Tuesday, January 9th.
Shares of Gevo (NASDAQ:GEVO) opened at $0.47 on Tuesday. Gevo has a 12-month low of $0.42 and a 12-month high of $1.36. The stock has a market cap of $10.80, a PE ratio of -0.27 and a beta of 2.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 1.54.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. boosted its stake in shares of Gevo, Inc. (NASDAQ:GEVO) by 22.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 486,959 shares of the energy company’s stock after buying an additional 89,020 shares during the quarter. Vanguard Group Inc. owned 3.23% of Gevo worth $336,000 as of its most recent SEC filing. 4.04% of the stock is currently owned by institutional investors.
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Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
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