H.C. Wainwright Sticks to Their Buy Rating for Gevo (GEVO)
In a report released today, Amit Dayal from H.C. Wainwright reiterated a Buy rating on Gevo, with a price target of $14.00.
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Dayal covers the Industrials sector, focusing on stocks such as Plug Power, ClearSign Combustion, and Pioneer Power Solutions. According to TipRanks, Dayal has an average return of 6.4% and a 36.68% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gevo with a $6.50 average price target.
Based on Gevo’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $42.95 million and a GAAP net loss of $21.7 million. In comparison, last year the company earned a revenue of $29.11 million and had a GAAP net loss of $21.73 million
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEVO in relation to earlier this year. Last month, Andrew Shafer, the Chief Mktg Cust & Brnd Officer of GEVO sold 5,550.00 shares for a total of $11,100.00.
Read More on GEVO:
Disclaimer & DisclosureReport an Issue
- Gevo Shareholders Back Directors, Auditor and Executive Pay
- Amit Dayal Reiterates Buy on Gevo, Maintains $14 Price Target on Policy Tailwinds and EBITDA Growth Inflection
- Gevo price target lowered to $2 from $2.25 at UBS
- Gevo Earnings Call Signals Growth Amid Funding Risks
- Gevo’s Earnings Call Highlights Profit Turnaround and Risk
