Gevo Inc Stock Price, News & Analysis

Gevo, Inc. (NASDAQ: GEVO) has secured a significant fuel sales agreement with Aer Lingus, aiming to supply 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years starting in 2026. The deal, valued at approximately $173 million, will aid Aer Lingus in their commitment to reduce carbon emissions and achieve net-zero by 2050. Gevo plans to produce one billion gallons of SAF by 2030, aligning with its goal to minimize greenhouse gas emissions across the fuel lifecycle.

This partnership expands Gevo's impact in the airline sector, demonstrating its role in promoting renewable energy solutions.

Gevo, a renewable fuels company focused on sustainable aviation fuel (SAF), recently completed a registered direct offering of 33.3 million shares, raising $139.2 million in net proceeds. This funding enhances Gevo’s liquidity to approximately $555.7 million, supporting its Net-Zero 1 project and various growth opportunities. The company has secured over 200 million gallons per year of SAF supply agreements, worth an estimated $1.2 billion in expected annual sales. The transition to an ethanol-to-SAF design is projected to improve production capacity and cash flow significantly.

Gevo, Inc. (NASDAQ: GEVO) announced a significant fuel sales agreement with Finnair for 7 million gallons of sustainable aviation fuel (SAF) annually over five years, valued at $192 million, starting in 2027. This deal builds on a prior MoU with oneworld Alliance, aiming for 200 million gallons of SAF annually from various airlines. Gevo's commitment to sustainability emphasizes reducing carbon intensity while meeting Finnair's emissions reduction goals, including a 50% cut in net emissions by 2025. The agreement is contingent on Gevo's ability to develop production facilities for SAF.

Gevo (NASDAQ: GEVO) has initiated its renewable natural gas (RNG) project in Northwest Iowa, transforming dairy cow manure into usable energy. The project aims to produce about 355,000 MMBtu of RNG annually, with expectations to generate $16 to $22 million in Project EBITDA starting in 2023. BP Canada Energy Marketing will market this RNG in California. The initiative not only promises financial gains but also enhances sustainability for dairy partners through improved nutrient recycling. Gevo anticipates approval for Renewable Identification Numbers (RINs) and carbon credits under California's standards.

Gevo, Inc. (NASDAQ: GEVO) has entered into a significant fuel sales agreement with Japan Airlines Co., Ltd. (JAL) for the supply of 5.3 million gallons of sustainable aviation fuel (SAF) annually over five years starting in 2027. This agreement is part of a broader MoU with the oneworld alliance, aiming to supply up to 200 million gallons of SAF. Gevo's sustainable aviation fuel aims to achieve net-zero greenhouse gas emissions across its lifecycle, supporting JAL's environmental goals of net-zero emissions by 2050 and 10% SAF use by 2030.

Gevo announces partnership with Google Cloud on June 6, 2022, aimed at tracking and verifying emissions through full lifecycle sustainability data. Utilizing Verity Tracking's technology, the partnership will harness Google Cloud's analytics tools to enhance carbon emissions measurement from agriculture to aviation fuels. This collaboration seeks to address sustainability challenges by providing firms with better data analytics and insights into greenhouse gas intensity reduction.

Gevo, Inc. (Nasdaq: GEVO) announced a registered direct offering of 33,333,336 shares of common stock at $4.50 each, along with warrants to purchase the same number of shares, set to close around June 8, 2022. The offering is projected to raise gross proceeds of $150 million, intended for capital projects, working capital, and general corporate purposes. The warrants have an exercise price of $4.37 and are valid for five years. H.C. Wainwright & Co. is the exclusive placement agent for the offering.

Gevo, Inc. (NASDAQ:GEVO) announced that CEO Dr. Patrick Gruber will participate in a Water Tower Research Fireside Chat on June 2, 2022, at 4:00 PM EDT. The chat will cover a Business Overview of the company.

Investors interested in the event must register via the provided link, with a replay accessible post-event. Gevo focuses on transforming renewable resources into low-carbon transportation fuels, aiming for net-zero greenhouse gas emissions through advanced production methods.

Gevo, Inc. (NASDAQ: GEVO) reported first-quarter 2022 financial results, posting revenue of $0.2 million, up from $0.1 million in Q1 2021. The net loss was $(15.7) million, a rise from $(10.1) million year-over-year. Operating loss was $(16.0) million compared to $(9.9) million in the same period last year. Gevo continues to advance its Net-Zero 1 project in South Dakota and aims to establish multiple Net-Zero plants. Recent agreements include supplying sustainable aviation fuel to British Airways and Delta Air Lines, along with progress in their dairy RNG facility in Iowa.