Gevo, Inc. operates as a renewable fuels company. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives. Its products also include renewable biodiesel, isooctane, isobutanol, sustainable aviation fuel, isobutylene, ethanol, and animal feed. The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was founded in 2005 and is headquartered in Englewood, Colorado.
IPO Year: 2011
Exchange: NASDAQ
Website: gevo.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/21/2023 | $2.00 | Market Perform | Northland Capital |
12/14/2022 | $2.25 | Neutral | UBS |
10/19/2022 | $2.29 | Hold | Jefferies |
2/9/2022 | $5.00 | Buy | Citigroup |
8/24/2021 | $10.00 | Buy | Stifel |
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4 - Gevo, Inc. (0001392380) (Issuer)
4 - Gevo, Inc. (0001392380) (Issuer)
ENGLEWOOD, Colo., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) is pleased to announce that Katie Ellet has been appointed to its board of directors as of January 2, 2024. Ms. Ellet serves as president, Hydrogen Energy and Mobility for North America at Air Liquide, a world leader in gases, technologies and services for Industry and Health, and a global innovator in low carbon hydrogen production. She has held a wide variety of leadership roles in the chemical and energy fields for the last 27 years. "We are honored to have Katie join our Board of Directors," said Dr. Patrick Gruber, CEO of Gevo. "She has a demonstrated record of technology expertise, market knowledge, and inn
ENGLEWOOD, Colo., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) is pleased to announce that Angelo Amorelli, PhD, has been appointed to its Board of Directors. Dr. Amorelli retired recently from bp, where he held leadership, development, and innovation roles for 35 years. "We are honored to have Angelo join our Board of Directors," said Dr. Patrick Gruber, CEO of Gevo. "We believe his innovation and technology experience at bp, specifically his efforts to champion bp's strategy around renewable energy and advanced biofuels, will provide significant benefit to Gevo's growth, including our billion-gallon sustainable aviation fuel production goal and our growing renewable natura
ENGLEWOOD, Colo., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) is pleased to announce that Carol J. Battershell has been appointed to its Board of Directors. Ms. Battershell is a seasoned executive with nearly 40 years in the energy sector in the United States and internationally. Carol is currently the Chief Executive Officer at Battersea Energy LLC, an energy consulting company and she previously served as Principal Deputy Director in the Office of Policy at the U.S. Department of Energy ("DOE"). "We are excited to have Carol join our Board of Directors," said Dr. Patrick Gruber, CEO of Gevo. "Her industry expertise and Department of Energy experience will be an invaluable
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ENGLEWOOD, Colo., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) is proud to announce the U.S. Patent and Trademark Office has granted to Gevo, a patent for its ethanol to olefins ("ETO") process. This patent further cements Gevo's position as a leader in intellectual property ("IP") surrounding bio-based renewable fuel and chemical production from alcohols. Gevo has been awarded U.S. Patent No. 12,043,587 B2 covering the ETO process. This patent protects the process of using certain proprietary catalyst combinations for converting ethanol into olefins. This process is designed to give best-in-class cost and yields of olefins from ethanol, with improved energy efficiency, whi
ENGLEWOOD, Colo., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), a leading developer of net-zero hydrocarbon fuels and chemicals, is pleased to announce that it has entered into a definitive agreement to acquire the ethanol production plant and carbon capture and sequestration ("CCS") assets of Red Trail Energy, LLC ("Red Trail Energy") for $210 million. Acquisition highlights: The Adjusted EBITDA1 from Red Trail Energy ethanol and CCS assets, when combined with Adjusted EBITDA1 from Gevo's renewable natural gas ("RNG") business, and other businesses, including Verity, is expected to make Gevo's Adjusted EBITDA positive in 2025.The purchase price includes th
ENGLEWOOD, Colo., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced a purchase agreement for its low-carbon intensity fuel blendstock with Shell Global Solutions Deutschland GmbH ("Shell") for use in motorsports. Gevo's renewable blendstock is suitable for premium motorsport fuels, demonstrating that sustainability and peak performance belong together. Beginning with performance, Gevo's low-carbon intensity fuel blendstock is expected to meet the robust demands of grueling racing schedules while providing enhanced net-energy storage and lower carbon emissions. Gevo is committed to carbon abatement. By producing high-performance racing fuel blendstock from sustainable f
ENGLEWOOD, Colo., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) today released a new report by Charles River Associates demonstrating the benefits of sustainable aviation fuel ("SAF") production, including at Gevo's planned Net-Zero 1 ("NZ1") alcohol-to-jet ("ATJ") SAF facility in South Dakota. CRA's findings in the report show that every $1.00 from federal tax credits for ATJ SAF yields an estimated $4-6 of total quantified benefits. The research, commissioned by Gevo, also demonstrates how the proposed NZ1 facility is expected to directly support local economies, drive down emissions, and improve our nation's energy security. "Practical, economical products like SAF provide
ENGLEWOOD, Colo., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the second quarter 2024 and recent corporate highlights. Recent Corporate Highlights Net-Zero 1 ("NZ1"): The U.S. Department of Energy ("DOE") loan guarantee process is progressing as expected, targeting a financial close by the end of 2024. The Company spent $22.8 million on development expense in the first half of 2024, and now estimates that the remaining development spend needed to achieve financial close will be less than the previous projected range of $90.0 – $125.0 million to be spent on NZ1 between January
ENGLEWOOD, Colo., July 29, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), announced today that Dr. Eric Frey, Vice President of Finance and Strategy, will participate in a Renmark Virtual Non-Deal Roadshow Series on Tuesday, July 30th at 12:00 pm ET. Investors and other persons interested in participating in the event must register using the link below. Registration Link: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-nasdaq-gevo-1-ZKEXTZIJ About GevoGevo'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 an
ENGLEWOOD, Colo., July 17, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that it will host a conference call on August 8, 2024, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the second quarter ended June 30, 2024. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI06cf47c7d0784a4ebd715904d1e3364f After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/hchu8jjg A webcast replay will be available two hours aft
ENGLEWOOD, Colo., July 15, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that its renewable natural gas ("RNG") business recently achieved record production levels. "I am pleased that we achieved an annualized production rate of approximately 402,000 MMBtu in May, exceeding our previous record of approximately 401,000 MMBtu in March," said Staci Bogue-Buchholz, Vice President and General Manager of Gevo's RNG facilities. "These results show we have hit our stride from a production perspective, and I think we have room for further improvement too. The system is running well." On June 21, 2024, our RNG production experienced a slight disruption due to a severe flooding
ENGLEWOOD, Colo., May 14, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), announced today that Dr. Chris Ryan, President and Chief Operating Officer, will participate in a Renmark Virtual Non-Deal Roadshow Series on Wednesday, May 15th at 12:00 pm ET. Topics will include how Gevo implements purpose-built plant designs into its SAF projects, Gevo's recently updated guidance on Net Zero 1 spend and project financing strategy. Investors and other persons interested in participating in the event must register using the link below. Registration Link:https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-nasdaq-gevo-2024-05-15-120000 About GevoGevo's mission
ENGLEWOOD, Colo., May 07, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), along with its wholly owned subsidiary, Verity Holdings, LLC, ("Verity"), and ClearFlame Engine Technologies, Inc., ("ClearFlame") announced today a collaboration to drive decarbonization traceability from field-to-fleet for the road freight transportation market in the United States, which consumes an estimated 29 billion gallons of fuel every year. Under this collaboration, the parties intend to use Verity's proprietary carbon accounting software to authenticate the carbon intensity (CI) of biofuels derived from crops grown on U.S. farms to their consumption in ClearFlame-equipped trucks. The Verity plat
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Northland Capital initiated coverage of Gevo with a rating of Market Perform and set a new price target of $2.00
UBS initiated coverage of Gevo with a rating of Neutral and set a new price target of $2.25
Jefferies initiated coverage of Gevo with a rating of Hold and set a new price target of $2.30
Citigroup initiated coverage of Gevo with a rating of Buy and set a new price target of $5.00
Stifel initiated coverage of Gevo with a rating of Buy and set a new price target of $10.00
HC Wainwright reiterated coverage of Gevo with a rating of Buy and set a new price target of $18.00 from $5.00 previously
HC Wainwright & Co. reiterated coverage of Gevo with a rating of Buy and set a new price target of $18.00 from $5.00 previously
Noble Financial reiterated coverage of Gevo with a rating of and set a new price target of $16.00 from $8.25 previously
ENGLEWOOD, Colo., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), a leading developer of net-zero hydrocarbon fuels and chemicals, is pleased to announce that it has entered into a definitive agreement to acquire the ethanol production plant and carbon capture and sequestration ("CCS") assets of Red Trail Energy, LLC ("Red Trail Energy") for $210 million. Acquisition highlights: The Adjusted EBITDA1 from Red Trail Energy ethanol and CCS assets, when combined with Adjusted EBITDA1 from Gevo's renewable natural gas ("RNG") business, and other businesses, including Verity, is expected to make Gevo's Adjusted EBITDA positive in 2025.The purchase price includes th
ENGLEWOOD, Colo., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the second quarter 2024 and recent corporate highlights. Recent Corporate Highlights Net-Zero 1 ("NZ1"): The U.S. Department of Energy ("DOE") loan guarantee process is progressing as expected, targeting a financial close by the end of 2024. The Company spent $22.8 million on development expense in the first half of 2024, and now estimates that the remaining development spend needed to achieve financial close will be less than the previous projected range of $90.0 – $125.0 million to be spent on NZ1 between January
ENGLEWOOD, Colo., July 17, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that it will host a conference call on August 8, 2024, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the second quarter ended June 30, 2024. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI06cf47c7d0784a4ebd715904d1e3364f After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/hchu8jjg A webcast replay will be available two hours aft
ENGLEWOOD, Colo., May 02, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the first quarter 2024 and recent corporate highlights. Recent Corporate Highlights Share repurchases: Gevo began utilizing its previously announced stock repurchase program. Through May 2, 2024, we repurchased approximately 5.5 million shares of our common stock for approximately $3.7 million, which leaves approximately $21.3 million available under the stock repurchase program. Under the stock repurchase program, we may repurchase shares from time to time in the open market or through privately negotiated transactions. The timing
ENGLEWOOD, Colo., April 17, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that it will host a conference call on May 2, 2024, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the first quarter ended March 31, 2024. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI83b05f155fb14f618408308e6094eebe After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/qgvzwo8c A webcast replay will be available two hours after the
ENGLEWOOD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the fourth quarter and full year 2023 and recent corporate highlights. Recent Corporate Highlights Net-Zero 1 and 2024 Expected Uses of Cash: We ended the fourth quarter with cash, cash equivalents, and restricted cash of $375.6 million. The total that Gevo expects to have spent to achieve financial close is $236.0 million - $238.0 million (excluding certain internal cost allocations), of which only $125.0 million - $175.0 million is remaining. The expected spend on Net-Zero 1 constitutes the majority of growth and projec
ENGLEWOOD, Colo., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that it will host a conference call on March 7, 2024, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the fourth quarter ended December 31, 2023. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI89f72f3dca514b6ca2e66938d0619036 After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/682o5xqh A webcast replay will be available two hours after the
ENGLEWOOD, Colo., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the third quarter of 2023 and recent corporate highlights. Recent Corporate Highlights Renewable Natural Gas ("RNG"): The previously announced capacity expansion from 355,000 MMBtu to 400,000 MMBtu was completed during the third quarter of 2023.Verity: This quarter, we entered into agreements with an ethanol producer customer in the US Southwest. This brings our growing total ethanol producer customer base to three customers, and total planned volume of ethanol tracked by Verity to over 300M gallons per year, or approximately 2% o
ENGLEWOOD, Colo., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced the rescheduling of its earnings release and conference call for the third quarter ended September 30, 2023. The earnings release will now be available after the market closes on Monday, November 13, 2023, followed by a conference call at 4:30 p.m. Eastern Time. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI33783e68bd1e4ddb804e847d6b13a365. After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please re
ENGLEWOOD, Colo., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that it will host a conference call on Wednesday, November 8, 2023, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the third quarter ended September 30, 2023, and provide an update on recent corporate highlights. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI33783e68bd1e4ddb804e847d6b13a365After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc
Gevo, Inc. (NASDAQ:GEVO) announced today that its renewable natural gas ("RNG") business recently achieved record production levels. "I am pleased that we achieved an annualized production rate of approximately 402,000 MMBtu in May, exceeding our previous record of approximately 401,000 MMBtu in March," said Staci Bogue-Buchholz, Vice President and General Manager of Gevo's RNG facilities. "These results show we have hit our stride from a production perspective, and I think we have room for further improvement too. The system is running well."On June 21, 2024, our RNG production experienced a slight disruption due to a severe flooding event that impacted the Rock Valley, Iowa community. As
HC Wainwright & Co. analyst Amit Dayal reiterates Gevo (NASDAQ:GEVO) with a Buy and maintains $14 price target.
Gevo (NASDAQ:GEVO) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.06) by 33.33 percent. This is a 14.29 percent decrease over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $3.990 million which missed the analyst consensus estimate of $4.402 million by 9.37 percent. This is a 1.72 percent decrease over sales of $4.060 million the same period last year.
Gevo, Inc. (NASDAQ:GEVO) has issued a response to the recently unveiled version of the Argonne National Laboratory Greenhouse Gases, Regulated Emissions, and Energy use in Technologies (GREET) method and model for carbon accounting. This model will be utilized for lifecycle greenhouse gas emissions calculations under the Inflation Reduction Act's (IRA) Section 40B sustainable aviation fuel (SAF) tax credits."Today's guidance reinforces the importance of climate-smart agriculture and other decarbonization methods like carbon capture and storage (CCS) – core tenets of Gevo's business model for sustainable aviation fuel and other products," said Dr. Patrick R. Gruber, CEO of Gevo. "Our cutting-
- Reuters
UBS analyst Manav Gupta maintains Gevo (NASDAQ:GEVO) with a Neutral and lowers the price target from $1.36 to $0.85.
HC Wainwright & Co. analyst Amit Dayal reiterates Gevo (NASDAQ:GEVO) with a Buy and maintains $14 price target.
Gevo (NASDAQ:GEVO) reported quarterly losses of $(0.080) per share which missed the analyst consensus estimate of $(0.050) by 60 percent. The company reported quarterly sales of $4.374 million which missed the analyst consensus estimate of $4.424 million by 1.14 percent. This is a 702.57 percent increase over sales of $545.000 thousand the same period last year.
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