Northland initiated coverage of Gevo (GEVO) with an Outperform rating and $3 price target The low carbon renewables fuel producer’s flagship asset is an ethanol plant with co-located carbon capture and sequestration, notes the analyst, who points out that the company recently inflected to positive Adjusted EBITDA. The firm sees significant growth potential through commercializing its alcohol-to-jet sustainable aviation fuel technology, the analyst added.
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