What is HC Wainwright’s Forecast for Gevo FY2029 Earnings?

Gevo, Inc. (NASDAQ:GEVO) – Equities researchers at HC Wainwright lifted their FY2029 EPS estimates for Gevo in a report released on Friday, March 6th. HC Wainwright analyst A. Dayal now anticipates that the energy company will post earnings of $1.09 per share for the year, up from their prior estimate of $0.95. The consensus estimate for Gevo’s current full-year earnings is ($0.42) per share.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $45.35 million for the quarter, compared to analyst estimates of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%.

A number of other equities analysts have also issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Gevo from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Northland Securities restated an “outperform” rating and issued a $3.00 price objective on shares of Gevo in a research report on Wednesday, December 31st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Gevo has an average rating of “Hold” and an average target price of $6.42.

Gevo Price Performance

NASDAQ GEVO opened at $2.30 on Monday. Gevo has a 12-month low of $0.92 and a 12-month high of $2.95. The firm’s fifty day simple moving average is $1.96 and its two-hundred day simple moving average is $2.04. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $558.49 million, a P/E ratio of -17.69 and a beta of 1.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GEVO. Vanguard Group Inc. boosted its stake in shares of Gevo by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock valued at $30,350,000 after buying an additional 455,543 shares during the period. State Street Corp raised its holdings in Gevo by 12.6% in the fourth quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock valued at $16,849,000 after acquiring an additional 944,287 shares in the last quarter. Invesco Ltd. lifted its stake in Gevo by 41.3% in the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after acquiring an additional 1,719,381 shares during the last quarter. Geode Capital Management LLC grew its holdings in Gevo by 104.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock worth $7,424,000 after acquiring an additional 2,873,940 shares in the last quarter. Finally, Nuveen LLC increased its position in shares of Gevo by 107.7% in the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock valued at $8,277,000 after purchasing an additional 2,146,019 shares during the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

Gevo Company Profile

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.