Noble Financial Keeps a Buy Rating on Gevo (GEVO)

By Ryan Adsit

Noble Financial analyst Poe Fratt maintained a Buy rating on Gevo (GEVOResearch Report) today and set a price target of $2.50. The company’s shares closed last Friday at $2.13.

According to TipRanks.com, Fratt is a 1-star analyst with an average return of -2.5% and a 47.6% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Grindrod Shipping Holdings, Great Lakes Dredge & Dock, and Orion Group Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gevo with a $3.75 average price target.

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Based on Gevo’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $192K and GAAP net loss of $6.84 million. In comparison, last year the company earned revenue of $6.11 million and had a GAAP net loss of $8.62 million.

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Gevo, Inc. is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology. The Gevo Development and Agri-Energy segment is currently responsible for the operation of its agri energy facility and the production of ethanol, isobutanol, and related products. The company was founded by Matthew W. Peters, Peter Meinhold, and Frances Hamilton Arnold on June 9, 2005 and is headquartered in Englewood, CO.