Gevo, Inc.

Last price update: 28 Mar 24 22:00 GMT

Price:
$0.77
Open:
$0.77
Previous close:
$0.73
Day's range:
$0.73 - $0.78
Year's range:
$0.60 - $1.86
Net Income per Share:
-0.28
Price-to-Earnings ratio:
-2.75
52-week Price Range:
$0.83
Volume:
$8,343,730.00
Average volume:
$6,789,483.00

Company profile for Gevo, Inc.

Gevo, Inc. logo

Gevo, Inc. is a renewable fuels company that works to provide sustainable alternatives to reduce greenhouse gas emissions and achieve zero carbon emissions. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. Its portfolio of products include renewable gasoline and diesel, isooctane, isobutanol, isobutene, ethanol, and animal feed and protein. Moreover, Gevo produces sustainable aviation fuels for the commercial flight industry.

The company boasts a strategic partnership with Axens North America, Inc. for the development of advanced ethanol-to-jet technology and production of sustainable aviation fuels. Founded in 2005, Gevo was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. The company is headquartered in Englewood, Colorado and is led by his CEO and President David C. Anderson and Chairman Carroll J. Henderson.

Gevo has achieved significant milestones in the past few years, including completing construction and commissioning of their renewable products facility at Luverne, Minnesota. The facility has the capacity to produce up to 30 million gallons of ethanol, 9 million gallons of isobutanol, and 10 million gallons of isooctane, enabling Gevo to meet customer demand and grow its presence in the renewable energy space. Furthermore, the company secured a $25M loan from the US Department of Agriculture to expand its production capabilities at the Luverne facility. Gevo is also set to build a new plant in Silsbee, Texas for renewable jet fuel production. The new facility, slated to be completed in 2022, will be capable of producing up to 12 million gallons of sustainable jet fuel a year.

Gevo is continuing to develop and commercialize its renewable fuels portfolio, highlighting its commitment to reducing greenhouse gas emissions and advancing a zero-carbon world. The company is looking to expand its presence in the renewable energy sector by focusing on new technologies and investing in research and development. Through such efforts, Gevo is poised to become a leader in the global renewable fuels space.

Stock exchanges:
NASDAQ
Sector:
Basic Materials
Industries:
Specialty Chemicals
Ticker:
GEVO
CIK:
1392380
ISIN:
US3743964062
Website:
https://gevo.com
Phone:
303 858 8358
Origin:
United States
Employees:
97