H.C. Wainwright analyst Amit Dayal has maintained their bullish stance on GEVO stock, giving a Buy rating on March 7.
Amit Dayal has given his Buy rating due to a combination of factors that highlight Gevo’s promising financial trajectory and strategic initiatives. The company has reiterated its commitment to achieving positive adjusted EBITDA by 2025, supported by significant cash reserves and expected contributions from its Gevo North Dakota operations. This facility alone is projected to generate substantial revenue and adjusted EBITDA annually, bolstered by the ethanol 45Z tax credit incentives that will come into effect in 2025.
Furthermore, Gevo’s advancements in renewable natural gas operations, the Alcohol-to-Jet 60 project, and its Verity SaaS platform are expected to expand revenue streams and customer bases. The company’s focus on developing its patented Ethanol to Olefins technology also adds to its growth potential. Additionally, the anticipated benefits from the U.S. Department of Energy loan and favorable federal policies towards clean energy further support the positive outlook for Gevo’s stock.
According to TipRanks, Dayal is an analyst with an average return of -23.5% and a 23.57% success rate. Dayal covers the Industrials sector, focusing on stocks such as Ceco Environmental, Plug Power, and Electrovaya.
In another report released on March 7, Texas Capital Securities also reiterated a Buy rating on the stock with a $4.50 price target.
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