Gevo, Inc. (GEVO)
Gevo, Inc. is a renewable energy company focused on producing sustainable alternative fuels, primarily bio-based jet fuels, gasoline, and diesel. The company develops technology to convert renewable raw materials into low-carbon liquid fuels, aiming to reduce greenhouse gas emissions in the transportation sector. Headquartered in Colorado, Gevo emphasizes innovation in biofuel production to support global efforts toward environmental sustainability.
Company News
Gevo has begun selling carbon abatement credits (CORCs) to a global financial and technology company, leveraging its North Dakota ethanol facility's carbon capture and storage capabilities to generate high-integrity carbon removal credits.
Gevo and LG Chem extend their collaboration to accelerate the commercialization of Gevo's Ethanol-to-Olefins (ETO) technology, which aims to decarbonize the markets for renewable fuels and chemicals.
Gevo (GEVO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
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GEVO earnings call for the period ending June 30, 2022.