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Why Gevo Stock Surged Today

TheMotleyFool

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Shares of Gevo (NASDAQ: GEVO) climbed on Friday, following positive analyst commentary. By the close of trading, the alternative-fuel company's stock was up 14.2%.

H.C. Wainwright analyst Amit Dayal reiterated his buy rating on Gevo's stock and boosted his price forecast from $5 to $18. Dayal's new estimate represents potential gains for investors of roughly 48% from the stock's closing price of $12.17 on Friday.

Gevo's shareholders could be in store for handsome gains, according to an H.C. Wainwright analyst. Image source: Getty Images.

Source Fool.com

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