Gevo Inc Stock Price, News & Analysis

Gevo, Inc. (NASDAQ: GEVO) announced binding agreements with BP Canada Energy and BP Products for its NW Iowa RNG project, which will produce approximately 355,000 MMBtu of renewable natural gas (RNG) annually starting in early 2022. This RNG will be sold in California through Clean Energy Fuels Corp. Gevo anticipates cash distributions of $9 to $16 million per year post-stabilization and plans to use RNG for its Net-Zero projects starting 2024. The collaboration with BP aims to meet the increasing demand for low-carbon fuel.

Gevo, Inc. (NASDAQ: GEVO) has resumed production at its Luverne, Minnesota facility, focusing on fuel-grade renewable isobutanol (IBA). This IBA will be used for existing contracts in sustainable aviation fuel and renewable gasoline, alongside exploration of specialty markets. The company is also hiring more staff, aiming for 30 full-time employees. Additionally, operations at Luverne will help test processes for Gevo's future Net-Zero 1 facility in South Dakota, projected to start in 2024.

Gevo, Inc. (NASDAQ: GEVO) has appointed Jaime Guillen to its Board of Directors. Guillen brings nearly 30 years of experience across various sectors, including energy and infrastructure development. His previous roles include CEO at Alterra Partners and Managing Director at Bechtel Enterprises. CEO Dr. Patrick Gruber emphasized Guillen's expertise as crucial for advancing Gevo's Net-Zero projects. Gevo focuses on transforming renewable energy into low-carbon fuels and sustainable plastics, aiming to penetrate the growing market for low-carbon products.

Gevo, Inc. (NASDAQ: GEVO) will host a conference call on August 12, 2021, at 4:30 p.m. EDT to discuss its Q2 financial results for the period ending June 30, 2021. The company aims to update stakeholders on significant corporate developments. To join the call, dial 1 (833) 729-4776 within the U.S. or 1 (830) 213-7701 outside the U.S. A replay will be accessible two hours post-call. Gevo focuses on producing low-carbon renewable fuels and hydrocarbons with a mission to yield net-zero emissions through patented technology.

Gevo, Inc. (NASDAQ:GEVO) announced that CEO Dr. Patrick Gruber will take part in a Water Tower Research Fireside Chat on July 1, 2021, at 4:00 PM EDT. Interested individuals must register for the live event, which has limited capacity, through the provided link. After the presentation, a replay will be available using the same link.

Gevo aims to convert renewable energy into liquid hydrocarbons for low-carbon fuels, including gasoline and jet fuel, potentially achieving net-zero greenhouse gas emissions. The company utilizes sustainable feedstocks and advanced technology to develop competitive low-carbon products.

Gevo, Inc. (NASDAQ: GEVO) has appointed Kimberly Bowron as its new Chief Human Resources Officer. With over 20 years in senior management across various industries, Bowron aims to enhance talent acquisition and develop an inclusive and high-performing workforce. CEO Dr. Patrick R. Gruber emphasized that Bowron's expertise is critical for the company's growth, particularly in advancing their Net-Zero Projects. Gevo focuses on transforming renewable energy into sustainable fuels and aims to contribute to reducing greenhouse gas emissions.

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.