Thursday, March 18, 2021
Gevo, Inc. (GEVO)
Looking Beyond Losses to Brighter Future
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.
As expected, 4Q2020/FY2020 operating losses continued. 4Q2020 revenue was minimal at $0.5 million and EBITDA was negative $5.1 million. FY2020 revenue was $5.5 million and EBITDA was negative $18.3 million. Recent capital raises increased cash to $531 million (on Feb 26th) and materially reduced funding risk.
Tune in for today’s fireside chat on financing. Water Tower Research will host another fireside chat with Gevo management on March 18th at 2:30pm EST. Gevo will be represented by CEO Dr. Patrick Gruber and CFO Lynn Smull. The main topic is slated to be project financing efforts. Details are posted at www.gevo.com …
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.
