Gevo Inc Stock Price, News & Analysis

Gevo, Inc. (NASDAQ: GEVO) will participate in the Water Tower Research Fireside Chat on October 8, 2020, at 12:00 pm EDT. CEO Dr. Patrick Gruber will discuss Project Finance and Gevo's Growth Strategy. Interested participants must register through the provided link, although registration is limited. The event will be available for replay afterward.

Gevo is focused on creating low-carbon fuels and sustainable alternatives, with patented technology for producing gasoline, jet fuel, and diesel with significantly reduced greenhouse gas emissions.

Gevo, Inc. (NASDAQ: GEVO) welcomes recent announcements from Sweden and Norway regarding Sustainable Aviation Fuel (SAF). Sweden plans to introduce a greenhouse gas reduction mandate for aviation fuel, aiming for a reduction of 0.8% in 2021, progressing to 27% by 2030, largely through SAF. Norway targets a 0.5% biofuel blending mandate, aspiring for 30% by 2030. Gevo's SAF, already used commercially, complements its mission to lower greenhouse emissions, producing both fuel and food while sequestering carbon. With increasing production capabilities, Gevo aims to support regional emissions reduction goals.

Gevo, Inc. (NASDAQ: GEVO) announced a $46 million funding from a Registered Direct Offering and an additional $16 million from warrant exercises. This capital will enhance its plans to construct up to three production facilities and expand capacity, aiming to create renewable fuels with zero carbon emissions. Gevo seeks ~$200 million in project-level equity to finance the facilities, with production expected to begin in late 2023 or early 2024. The company currently holds $81 million in cash, which supports its strategy to eliminate certain debts and develop its market presence.

Gevo, Inc. (NASDAQ: GEVO) announced on September 3, 2020, that it has regained compliance with NASDAQ's minimum bid price requirement. The company demonstrated a closing bid price exceeding $1.00 for ten consecutive trading days as of September 2, 2020. This compliance reinstatement marks a significant development for Gevo, a firm focused on producing renewable fuels and low-carbon feedstocks. Gevo aims to address greenhouse gas emissions through sustainable fuel alternatives and believes its patented technologies will enable future business growth.

Gevo (NASDAQ: GEVO) announced that Peak Value IP LLC completed an IP valuation indicating a value of $412 million for Gevo's intellectual property, including patents and trade secrets. This valuation employs an 'Income Approach,' focusing on projected cash flows from Gevo's renewable biofuel projects. CEO Patrick Gruber expressed optimism that this external valuation will attract investors as Gevo seeks to finalize project financing for large-scale production facilities. The company emphasizes its commitment to low-carbon renewable fuels as part of its business strategy.

Gevo has successfully completed a registered direct offering of 38,461,545 shares at $1.30 each, raising approximately $46.1 million in net proceeds. H.C. Wainwright & Co. served as the exclusive placement agent. The funds will primarily support working capital and may be used for repaying outstanding debts. The offering follows a shelf registration effective since August 28, 2018. Gevo aims to expand its renewable fuel production, focusing on low-carbon alternatives. This move is part of its strategy to capture growth in the sustainable fuels market.

Gevo announced a registered direct offering of 38,461,545 shares at $1.30 per share, aiming to raise approximately $50 million in gross proceeds. The offering, expected to close around August 25, 2020, is managed by H.C. Wainwright & Co. Proceeds will be used for working capital and general corporate purposes, including potential debt repayment. The offering is conducted under an effective SEC shelf registration statement. This move is part of Gevo's strategy to commercialize low-carbon renewable fuels and address greenhouse gas emissions.

Gevo, Inc. (NASDAQ: GEVO) has entered a significant Renewable Hydrocarbons Purchase and Sale Agreement with Trafigura Trading LLC, marking the largest contract in Gevo's history. Dated August 17, 2020, this take or pay contract entails the delivery of 25 million gallons per year of renewable hydrocarbons, primarily low-carbon premium gasoline and sustainable aviation fuel (SAF), starting in 2023. This agreement is anticipated to enhance Gevo's long-term revenue to over $1.5 billion, further promoting the market for low-carbon fuels.

Gevo, Inc. (Nasdaq: GEVO) has completed its public offering of 30 million shares of common stock at $0.60 each, alongside warrants to purchase an additional 30 million shares at the same price. The offering generated gross proceeds of $18 million, which will be used for general corporate purposes. The warrants are immediately exercisable and expire in five years. H.C. Wainwright & Co. was the placement agent for this offering. Gevo's technology aims to produce low-carbon fuels and sustainable plastics while addressing greenhouse gas emissions.