H.C. Wainwright analyst Amit Dayal upgraded Gevo to Buy from Neutral with a $10 price target. The company's products, that include ethanol, isobutanol, and other hydrocarbons, are produced using renewable raw materials and already garner a low carbon index, Dayal tells investors in a research note. He highlights recent developments for the upgrade to Buy, including a bolstered balance sheet, its plans to implement decarbonization technologies within existing assets to improve cash flow and profitability, and the ATJ offtake agreement with Avfuel. Dayal expects Gevo to achieve EBITDA profitability during 2020.