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 |
ENGLEWOOD, Colo., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), announced today that Lindsay Fitzgerald, Gevo's Executive Vice President of Corporate Affairs, and Dr. Eric Frey, Gevo's Vice President of Finance and Strategy, will participate in a fireside chat with H.C. Wainwright on Wednesday, November 20, 2024 at 4:00pm ET. Investors and other persons interested in participating in the event must register using the link below. Registration Link: https://ct.to/UDyHyTL About GevoGevo's mission is to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net-zero or better carbon footprint. Gevo's innovative technology can be used to make
ENGLEWOOD, Colo., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), announced today that Leke Agiri, Gevo's Executive Vice President of Finance, will participate in a Renmark Virtual Non-Deal Roadshow Series on Thursday, November 14th at 2:00pm 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-ft93L9XDpw About GevoGevo's mission is to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net-zero or better carbon footprint. Gevo's innovative technology can be used to mak
ENGLEWOOD, Colo., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the third quarter 2024 and recent corporate highlights. Recent Corporate Highlights Net-Zero 1 ("NZ1"): Gevo has received a conditional commitment for a loan guarantee with borrowing capacity of $1.6 billion (including capitalized interest during construction) from the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") for the NZ1 project in South Dakota. We believe this significant milestone signals the strength of the project to finance the world's first large-scale, net-zero-emissions alcohol-to-jet production f
ENGLEWOOD, Colo., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that it will host a conference call on November 7, 2024, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the third quarter ended September 30, 2024. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BId0c13b561f9d442ba7211ad0cbc56dbc 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/ggx3po5y A webcast replay will be available two hours after
ENGLEWOOD, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), a leading developer of net-zero hydrocarbon fuels and chemicals, is pleased to announce it received a conditional commitment for a loan guarantee with disbursements totaling $1.46 billion (excluding capitalized interest during construction) from the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") for its Net-Zero 1 project ("NZ1") in South Dakota. With capitalized interest during construction, the DOE loan facility has a borrowing capacity of $1.63 billion. The NZ1 facility is being built in Lake Preston, South Dakota. It will use 100-percent U.S.-sourced feedstocks and is designed to produce ap
ENGLEWOOD, Colo., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) has acquired Cultivate Agricultural Intelligence, LLC ("CultivateAI") for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity's business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million and corresponding positive cash flow. CultivateAI provides agricultural data to clients through a software as a service ("SaaS") platform. Gevo expects to combine CultivateAI's digital agriculture data and analytics platform with Verity's carbon ac
ENGLEWOOD, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) is pleased to announce the sale of approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act ("IRA") Investment Tax Credits generated from the commercialization of a renewable natural gas ("RNG") production facility by Gevo NW Iowa RNG, LLC ("Gevo RNG") and provides net cash proceeds of approximately $17 million to Gevo after transaction fees. The Gevo RNG asset has been optimized to produce approximately 400,000 MMBtus of RNG per year, and Gevo expects to further increase production over time. Additional RNG value could be unlocked
ENGLEWOOD, Colo., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that Dr. Patrick R. Gruber, Gevo's Chief Executive Officer, will participate in a Renmark Virtual Non-Deal Roadshow Series on Tuesday, September 24th, at 2:00 pm ET. Investors and other persons interested in participating in the event must register using the link below. Registration Link: https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-nasdaq-gevo-LsfqfscTc- About GevoGevo's mission is to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net-zero or better carbon footprint. Gevo's innovative technology can be used to make a variet
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
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ENGLEWOOD, Colo., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the third quarter 2024 and recent corporate highlights. Recent Corporate Highlights Net-Zero 1 ("NZ1"): Gevo has received a conditional commitment for a loan guarantee with borrowing capacity of $1.6 billion (including capitalized interest during construction) from the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") for the NZ1 project in South Dakota. We believe this significant milestone signals the strength of the project to finance the world's first large-scale, net-zero-emissions alcohol-to-jet production f
ENGLEWOOD, Colo., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) announced today that it will host a conference call on November 7, 2024, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the third quarter ended September 30, 2024. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BId0c13b561f9d442ba7211ad0cbc56dbc 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/ggx3po5y A webcast replay will be available two hours after
ENGLEWOOD, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), a leading developer of net-zero hydrocarbon fuels and chemicals, is pleased to announce it received a conditional commitment for a loan guarantee with disbursements totaling $1.46 billion (excluding capitalized interest during construction) from the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") for its Net-Zero 1 project ("NZ1") in South Dakota. With capitalized interest during construction, the DOE loan facility has a borrowing capacity of $1.63 billion. The NZ1 facility is being built in Lake Preston, South Dakota. It will use 100-percent U.S.-sourced feedstocks and is designed to produce ap
ENGLEWOOD, Colo., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) has acquired Cultivate Agricultural Intelligence, LLC ("CultivateAI") for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity's business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million and corresponding positive cash flow. CultivateAI provides agricultural data to clients through a software as a service ("SaaS") platform. Gevo expects to combine CultivateAI's digital agriculture data and analytics platform with Verity's carbon ac
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., 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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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
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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