Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on Gevo, retaining the price target of $14.00.
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Amit Dayal has given his Buy rating due to a combination of factors tied to Gevo’s strategic shift and underlying fundamentals. He views the withdrawal from the Department of Energy loan program as a rational move that frees the ATJ-30 project from restrictive enhanced oil recovery requirements and allows Gevo to pursue better-suited private or alternative funding, without affecting near-term operations.
Dayal also emphasizes that Gevo’s current performance is supported by ethanol-related 45Z credits, cash generation from its RNG segment, the rollout of its Verity platform, and ethanol capacity growth in North Dakota. His discounted cash flow work, which anticipates double‑digit revenue growth and substantial cash distributions from project vehicles over the next decade, supports a $14 price target despite acknowledged commercialization, financing, regulatory, and macro risks.
Dayal covers the Industrials sector, focusing on stocks such as Aduro Clean Technologies, Vertical Aerospace, and Broadwind Energy. According to TipRanks, Dayal has an average return of 4.2% and a 34.29% success rate on recommended stocks.
In another report released yesterday, Northland Securities also reiterated a Buy rating on the stock with a $3.50 price target.