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Gevo, Inc. (GEVO)

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9.71-0.32 (-3.19%)
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Neutralpattern detected
Previous Close10.03
Open10.07
Bid9.70 x 1100
Ask9.76 x 1200
Day's Range9.39 - 10.50
52 Week Range0.46 - 15.57
Volume18,376,321
Avg. Volume33,888,191
Market Cap1.495B
Beta (5Y Monthly)3.24
PE Ratio (TTM)N/A
EPS (TTM)-0.96
Earnings DateMar 18, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est10.50
  • The Core Reason Why Gevo Stock Is Still On the Riskier Side of Things
    InvestorPlace

    The Core Reason Why Gevo Stock Is Still On the Riskier Side of Things

    After a long drought, Gevo (NASDAQ:GEVO) has seen its shares surge in value over the past four months. Reduced to penny stock status last summer, GEVO stock suddenly caught fire in November. After closing at $14.61 on Feb. 12, shares in this biofuels company gained 1,390% since Election Day. President Joe Biden’s green energy plan is a big part of that growth. But the dramatic spikes and drops in the stock also raise questions about the degree of involvement by retail investors who are essentially gambling on GEVO. Source: Shutterstock There are also worries this could be a repeat of a decade ago, when GEVO stock collapsed. At this point, GEVO is trading at around $11.40, down 22% from its Feb. 12 high. Is this a buying opportunity, or is this stock too volatile to take a risk on? Gevo IPO: The Wrong Time for BioFuels Gevo went public in 2011. At the time, there was considerable hype around the biofuel company. Oil was expensive and biofuels promised a cheaper alternative. However, the promise of converting biomass into commodity fuels like gasoline, diesel and jet fuel turned out to be considerably more challenging than the company had let on. There were technical issues, and the process was far more costly than expected. It didn’t help that the price of oil — which had smashed previous record highs in 2008 — was on its way down. By 2016, it would drop to prices not seen in over a decade.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The combination of technical challenges, cost over-runs, and oil becoming more affordable hammered Gevo. The company issued more shares to raise operating cash. As Gevo stock crashed and faced de-listing, multiple reverse stock splits were undertaken. A Forbes article on the company from February 2017 points out that $10,000 invested in Gevo at the time of the company’s IPO would be worth $2.36 at that point. Is this time different? GEVO Stock Comes to Life on Joe Biden’s Green Energy Plan There’s no doubt that the catalyst to the sudden uptick in GEVO stock last November was the election of Joe Biden. His green energy plan would pump money into the energy sector with a goal of achieving a carbon-neutral America by 2050. 7 Cheap Stocks to Buy for March Gevo’s technology converts biomass to renewable hydrocarbons and isobutanol. These, in turn, can be used to produce jet and diesel fuel, gasoline and in the manufacture of plastics. This may not sound particularly “green.” After all, we’re still talking about internal combustion engines, which will release pollution. However, the key to Gevo’s products are that they are “net zero” and “carbon neutral.” They are not burning fossil fuels, so the carbon released was already in the biosphere. Using Gevo-produced, carbon neutral fuels would let airlines or transportation companies continue to operate their fleets without modification, while they work toward a permanent solution like electric power. In other words, Gevo is an in-between stage between today’s reality and widespread EV (or hydrogen) adoption. Speculation? As InvestorPlace Contributor Robert Lakin points out, there are strong signs that speculators are involved in the GEVO stock surge. High trading volume and a huge run-up without any real changes in fundamentals led to Barrons adding GEVO to a list of stocks that are essentially a form of gambling instead of an actual investment. Indeed, a quick check shows there has been plenty of chatter about GEVO on Reddit over the past several months. Bottom Line on GEVO Stock Despite its big moves over the past several months, GEVO stock hasn’t attracted a whole lot of interest in terms of analyst coverage. The Wall Street Journal is now tracking two investment analysts with GEVO coverage — both have just picked it up over the past month. Both have GEVO rated as a “Buy” and they have 12-month price targets of $16 and $18, for a $17 average. That’s around 50% upside. The concern is that Gevo Inc’s current situation feels more than a little like 10 years ago. The company has recently released a series of very promising announcements, then issued shares to take advantage of the subsequent rising stock price. Despite the surge in GEVO stock that has given the company a market capitalization of well over $2 billion, it still pulled in just $5 million in revenue in the first three quarters of 2020 (Q4 earnings will be reported on March 18). Gevo’s biofuels certainly have the potential to fill a gap as the U.S. transitions from fossil fuels to EVs. The price of oil is not longer a concern — we’re looking at a government mandated transformation away from carbon-emissions. Ultimately, the question is whether the company is able to execute this time. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post The Core Reason Why Gevo Stock Is Still On the Riskier Side of Things appeared first on InvestorPlace.

  • Gevo and HCS Group Sign Strategic Agreement to Produce Renewable Low-Carbon Chemicals and Sustainable Aviation Fuel in Europe
    GlobeNewswire

    Gevo and HCS Group Sign Strategic Agreement to Produce Renewable Low-Carbon Chemicals and Sustainable Aviation Fuel in Europe

    ENGLEWOOD, Colo., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (“Gevo”) (NASDAQ: GEVO), announced today that Gevo and HCS Group GmbH, a long-time customer of Gevo, have signed a project memorandum of understanding (“MOU”) to develop and build a renewable hydrocarbon facility at HCS Group’s site located in Speyer, Germany, which would utilize Gevo’s low-carbon sustainable aviation fuel (“SAF”) technology. The MOU anticipates a first project that is estimated to produce approximately 60 kMT (22 million gallons per year) of renewable hydrocarbons, advanced renewable fuels, and low-carbon SAF at HCS Group’s Speyer site by the end of 2024. The HCS Group manufacturing center, operated by the Haltermann Carless brand, is strategically located in the geographical center of Europe, at the Rhine river and in the vicinity of Frankfurt airport, offering excellent prerequisites for supplying customers in Europe with SAF, certified under Europe’s Renewable Energy Directive (“EU REDII”), and a portfolio of certified renewable drop-in fuels and specialty chemicals. “This project, developed in technology partnership with Gevo, is a key element of HCS Group’s strategy and our aspiration to be a perpetual pioneer in the area of high-value hydrocarbons, while making a clear contribution to defossilization and the reduction of greenhouse gas emissions. This is a unique opportunity to enter the SAF market as the first commercial producer in Germany, building on our market success with renewable hydrocarbons”, says Henrik Krüpper, Chief Executive Officer HCS Group and adds: “We are excited to enable our customers in the aviation, premium fuels and personal care industries with bio-based solutions to meet their sustainability goals. Using our existing infrastructure in Speyer including our new hydrogenation plant allows us to minimize time-to-market, certification and approval processes, and costs for this first-of-its-kind project.” “Gevo and HCS Group have a long-standing and productive relationship at supplying products to service existing HCS Group customers with renewable chemicals and high-octane products. Given that history, and the need for SAF in Europe, it made strategic sense to develop a joint project in the EU. Gevo’s technology creates the building blocks for making hydrocarbons. We will need to establish several suppliers of our renewable building blocks, throughout EU, made from sugary agricultural residues," said Dr. Patrick R. Gruber, Gevo's Chief Executive Officer. Dr. Gruber continued, “Gevo’s technology and business system for producing renewable hydrocarbons for fuels, chemicals, and plastics can be a contributor to fight climate change, get production off a fossil-based system and be at the forefront of future use of residues and waste feedstocks under EU REDII Annex IX in Europe.” About Gevo Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel, that have the potential to yield net-zero greenhouse gas emissions when measured across the full lifecycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials from residues and slurries, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle) and GHG scores. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven and patented technology, which enables the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel, yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business. Learn more at Gevo’s website: www.gevo.com About HCS Group and Haltermann Carless HCS Group is one of the leading manufacturers of high-quality hydrocarbons and specialty chemicals. The company employs about 500 people worldwide. The products are sold worldwide through the traditional brands Haltermann Carless, ETS Racing and EOS. HCS Group belongs to H.I.G. Europe, a subsidiary of the US private equity investment company, H.I.G. Capital. The brand Haltermann Carless, one of the oldest chemical companies in the world, provides innovative hydrocarbon-based specialty products and solvents and associated services to best serve its customers. The company operates a network of state-of-the-art facilities for refining, processing and blending to produce a wide variety of specialty products in key business areas: Automotive, Middle Distillates, Oil & Gas, Pentanes, Performance Fuels, Performance Solvents and Aromatics. The chemical company is a pioneer in developing and marketing a sustainable technologies portfolio based on renewable feedstock since more than a decade. With access to a variety of bio-based feedstock sources the company is able to supply into different high-end applications ranging from high purity solvents for personal care and cosmetics to specialty renewable fuels for motorsport races, outdoor power equipment and aviation contributing to significantly reduced greenhouse gas emissions. For more information visit: http://www.h-c-s-group.com; www.haltermann-carless.com; Forward-Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, statements related to the MOU to develop and build a renewable hydrocarbon facility at HCS Group’s site located in Speyer, Germany, Gevo’s technology, whether the project contemplated by the MOU will be constructed resulting in revenue to Gevo, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2019, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo. Investor and Media Contact IR@gevo.com+1 720-647-9605

  • GlobeNewswire

    Gevo and Scandinavian Airlines System Amend Agreement to Increase Off-Take of Sustainable Aviation Fuel, valued at over $100 Million

    ENGLEWOOD, Colo., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), announced today that it and Scandinavian Airlines System (“SAS”) have signed an amendment to increase SAS’s minimum purchase obligation to purchase sustainable aviation fuel (“SAF”) to 5,000,000 gallons per year. Gevo and SAS signed the original fuel sales agreement in October 2019 (the “Fuel Sales Agreement”). With the finalization of this this amendment to the Fuel Sales Agreement (the “Amendment”), Gevo expects to supply SAS with SAF beginning in 2024 from Gevo’s Net-Zero 2 Project for use and distribution in low carbon fuel regions of the United States. The value of the Fuel Sales Agreement, as amended, is estimated at over $100 million over the entire term of the agreement inclusive of the related SAF and environmental credits. “With this amendment, SAS has significantly increased the amount of SAF that it is willing to purchase from Gevo. This amendment is evidence of the strong and growing demand for Gevo’s renewable hydrocarbon products. We expect to ink additional offtake agreements later this year,” said Patrick R. Gruber, Chief Executive Officer of Gevo. “SAS have a vision and plan that they are executing, even in spite of the global pandemic. This additional volume will help Gevo grow its business and hopefully accelerate making real Gevo’s Net-Zero 2 plant,” added Mr. Gruber. “SAS has an ambitious goal in reducing its’ absolute climate affecting emissions by 25 percent from 2005 levels by 2025. This increase of Gevo SAF will help us to reach at least 20% of the SAF needed to reach our emission reductions goal. SAS chooses partners like Gevo that have the vision and ambition to support the aviation industry’s transition to net zero emission,” says Lars Andersen Resare, Head of Sustainability, SAS. Beyond Net-Zero 1 Gevo has introduced the concept of Net Zero Projects. Announced in early 2021, these production facilities are being designed to produce energy-dense liquid hydrocarbons using renewable energy and Gevo’s proprietary technology. The first Net-Zero project, Net-Zero 1, is expected to be built in Lake Preston, South Dakota. The Net-Zero Projects are being designed to produce liquid hydrocarbons in the form of sustainable aviation fuel and renewable gasoline. These fuels, when used for transportation, should have a net-zero greenhouse-gas footprint as measured across the entire lifecycle, based on the Argonne National Laboratory’s GREET model. Gevo expects that each Net-Zero Project will have the capability to produce approximately 45MGPY of liquid hydrocarbons (jet fuel and renewable gasoline) and are also expected to produce at least 350,000,000 lbs/yr of high protein animal feed. To reduce and eliminate the fossil fuel resources used in the production facilities, each Net Zero Project is expected to have an anaerobic digestion wastewater treatment plant that is capable of generating enough biogas to run the plant and supply a combined heat and power unit, capable of meeting approximately 30% of the plant’s electricity needs. The remaining 70% of electricity to run the plant is expected to come from wind power. Net-Zero 1 may also obtain renewable natural gas (“RNG”) using manure from dairy or beef cows. These efforts should make this Net-Zero 1 self-sufficient and help ensure it will be off a fossil-based grid. Gevo also believes in transparency and is setting up sustainability tracking methods to work alongside our farmers. The Fuel Sales Agreement, as amended, is subject to certain conditions precedent. A copy of the Fuel Sales Agreement and the Amendment have been filed with the U.S. Securities and Exchange Commission on Form 8-K. About Gevo Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel, that have the potential to yield net-zero greenhouse gas emissions when measured across the full lifecycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials from residues and slurries, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle) and GHG scores. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven and patented technology, which enables the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel, yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business. Learn more at Gevo’s website: www.gevo.com About SAS SAS, Scandinavia’s leading airline, with main hubs in Copenhagen, Oslo and Stockholm, flies to destinations in Europe, USA and Asia. Spurred by a Scandinavian heritage and sustainability values, SAS aims to be the global leader in sustainable aviation. We will reduce total carbon emissions by 25 percent by 2025, by using more sustainable aviation fuel and our modern fleet with fuel-efficient aircraft. In addition to flight operations, SAS offers ground handling services, technical maintenance and air cargo services. SAS is a founding member of the Star Alliance™, and together with its partner airlines offers a wide network worldwide. Learn more at https://www.sasgroup.net Forward-Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, statements related to the Agreement and the Amendment, Gevo’s SAF, Gevo’s ability to produce the SAF, Gevo’s ability to realize revenue from the Agreement and Amendment, Gevo’s ability to enter into additional offtake agreements for its products, Gevo’s Net-Zero Projects, including Net-Zero 2, Gevo’s ability to produce products that have a “net-zero” greenhouse gas footprint, Gevo’s plans and strategy, the NW Iowa Project, Gevo’s ability to finance its projects, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2019, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo. Investor and Media ContactIR@gevo.com+1 720-647-9605