Gevo Inc Stock Price, News & Analysis

Gevo, Inc. (NASDAQ: GEVO) is set to join the Russell 3000 Index after the annual reconstitution on June 28, 2021. This inclusion signifies Gevo's recognition among the largest U.S. stocks and aids in enhancing its visibility and credibility in the investment community. The Russell 3000 Index is vital for institutional investors, with around $10.6 trillion in assets benchmarked against it. Gevo's technology focuses on producing low-carbon fuels and plastics, which could position it favorably in the growing sustainable energy market.

Gevo, Inc. (NASDAQ: GEVO) announced its Q1 2021 financial results and business updates. Revenue decreased to $0.1 million from $3.8 million in Q1 2020, while the net loss increased to $10.1 million. Gevo highlighted its Net-Zero 1 Project in South Dakota, aiming for a net-zero greenhouse gas footprint and expected annual production of 45 million gallons of hydrocarbons. The company also successfully raised $321.9 million through stock offerings. Cash reserves as of March 31, 2021, stood at $525.3 million, up from $78.3 million at the end of Q4 2020.

Gevo, Inc. (NASDAQ: GEVO) and Total Cray Valley have successfully completed Phase 1 of their Joint Development Agreement to convert fusel oils into renewable isoamylene. This advancement could lead to an innovative method for producing high-value renewable chemicals from bio-based feedstock. The companies are now preparing to move to Phase 2, focusing on scaling Gevo's technology for demonstration purposes. Isoamylene has multiple applications, including in resins and pharmaceuticals. The collaboration aims to meet growing market demand while contributing to environmental goals by sequestering CO₂.

Gevo, Inc. (NASDAQ: GEVO) has announced the groundbreaking of its Renewable Natural Gas (RNG) Project in Northwest Iowa. This initiative aims to produce RNG from dairy cow manure, expected to generate about 355,000 MMBtu annually upon completion in 2022. The project aligns with Gevo's Net-Zero strategy, significantly reducing methane emissions. The remaining solids will be returned to farmers as fertilizer, enhancing agricultural practices. Gevo's mission focuses on sustainable liquid hydrocarbons and low-carbon fuels, contributing to a potential multi-billion-dollar market.

Gevo, Inc. (NASDAQ: GEVO) will host a conference call on May 13, 2021 at 4:30 p.m. EDT to discuss its financial results for Q1 2021 and recent corporate highlights. Participants can join by dialing 1 (833) 729-4776 or accessing it via a provided weblink. A replay will be available two hours post-call. Gevo focuses on producing low-carbon renewable fuels and hydrocarbons, leveraging patented technology to develop sustainable energy products. Its mission is to achieve net-zero greenhouse gas emissions across fuel life cycles.

Gevo has secured $68.15 million through a Green Bond private activity bond offering to fund its renewable natural gas (RNG) project in Northwest Iowa. The project will utilize manure from over 20,000 dairy cows to generate approximately 355,000 MMBtu of RNG annually. Revenue will benefit from California’s Low Carbon Fuel Standard and the EPA’s Renewable Identification Number programs. Construction is set to begin by the end of April 2021, with cash flows projected between $9 million and $16 million per year once operational in early 2022.

Gevo, Inc. (NASDAQ: GEVO) will participate in a Water Tower Research Fireside Chat on April 07, 2021, at 4:00 pm EDT, featuring Dr. Patrick Gruber and Dr. Paul Bloom. The discussion will focus on Gevo's innovative technology and introduce Dr. Bloom. Interested participants can register for the live event, which is limited, but the presentation will also be available for replay afterwards. Gevo aims to transform renewable resources into low-carbon fuels with potential net-zero greenhouse gas emissions. The company's technology also supports sustainable plastics production.

Gevo, Inc. (NASDAQ: GEVO) has appointed Dr. Paul Bloom as Chief Technology Officer and Chief Innovation Officer. Dr. Bloom brings over 20 years of experience from Archer Daniels Midland Company, where he held roles in sustainable materials and technology commercialization. CEO Dr. Patrick R. Gruber expressed optimism about Dr. Bloom's expertise in developing renewable chemicals and materials. Gevo aims to produce low-carbon fuels and sustainable plastics, leveraging its patented technology to create a significant market presence and reduce greenhouse gas emissions.

Gevo, Inc. (NASDAQ: GEVO) reported its fourth-quarter 2020 financial results. Revenue dropped to $0.5 million from $6.9 million in Q4 2019, attributed to the cessation of ethanol production at the Luverne Facility. The company disclosed a loss from operations of ($7.0) million and a net loss of ($18.1) million for the quarter. Despite these losses, Gevo emphasizes the progress of its Net-Zero 1 Project in South Dakota, targeting a net-zero greenhouse gas footprint. It ended the quarter with $78.3 million in cash and no significant debt, with plans to finalize financing for Net-Zero 1 in H1 2022.