Monday, November 30, 2020
Gevo, Inc. (GEVO)
Upcoming Milestones – Increasing Price Target
Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Gevo Development/Agri-Energy is the key revenue generating segment which involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Strong stock price performance is likely driven by hopes that some of the upcoming potential milestones will be announced shortly. While the stock price dropped sharply in 3Q2020 after capital raises to fund ongoing operations and the project financing process, stock price performance since 3Q2020 results were announced has been very strong and the stock is up 122% so far in November.
Potential milestones over the next year: Full or partial retirement of convert debt of ~$13 million due in December 2020; Finalizing and acquiring rights to additional plant locations; Identifying engineering firm performing FEED work; Expanding supply contract portfolio with new industry/financial partners; Identifying project financing partners, including equity investors and debt financing; Timing of process to …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.