The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Gevo, Inc. (GEVO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Gevo, Inc. is one of 242 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The ...

Gevo, Inc. (GEVO) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.09, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS e ...

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 ...

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 NetZero 1 project ("NZ1") in South Dakota. With capitalized interest during construction, the DOE loan facility ...

Core Insights - Gevo, Inc. has acquired Cultivate Agricultural Intelligence, LLC for $6 million in cash, with potential additional earn-out payments for the sellers [1] - CultivateAI is expected to generate $1.7 million in revenue for 2024 and is already cash flow positive [1] - The acquisition aims to enhance Verity's business development by integrating CultivateAI's agricultural data and analytics platform with Verity's carbon accounting solutions [2][3] Company Overview - Gevo's mission focuses on converting renewable energy and biogenic carbon into sustainable fuels and chemicals, aiming for a net zero or better carbon footprint [5] - The company operates one of the largest dairy-based renewable natural gas facilities in the U.S. and the world's first production facility for specialty alcohol-to-jet fuels [5] - Verity, a wholly owned subsidiary of Gevo, specializes in tracking and verifying carbon intensity across the full carbon lifecycle [6] CultivateAI Overview - CultivateAI offers a cloud-based, mobile platform that provides real-time analytics to help agricultural operations make informed, data-driven decisions [7] - The platform is designed to assist farm operators, agronomists, ag-service providers, and researchers in improving production, managing risk, and maximizing profitability [7] Strategic Goals - The integration of CultivateAI is expected to accelerate revenue growth for Verity by expanding its client base beyond the biofuel segment and creating new revenue streams [3][4] - Gevo aims to enhance customer relationships and revenue opportunities through the development of new products and services that improve business understanding [4]

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 Gev ...

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 biobased 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 proprietar ...

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 schedul ...

Financial Data and Key Metrics Changes - Gevo's Q2 combined revenue and interest income was $9.4 million, with a corporate spend (SG&A) of $7 million, excluding non-cash stock-based compensation of $4.5 million, which is a $0.4 million increase from Q2 2023 [8][9] - The company ended Q2 2024 with a liquidity position of $315.3 million in cash, restricted cash, and other liquid investments [8] - The company utilized its stock repurchase program, repurchasing approximately 7.2 million shares for $4.7 million, leaving $20.3 million available under the program [9] Business Line Data and Key Metrics Changes - The renewable natural gas (RNG) business achieved an annualized production rate of approximately 400,000 MMBtu, a 22% increase compared to the same period last year, with Q2 RNG revenue of $4.3 million [7][8] - Approximately 95,000 MMBtu of RNG was sold during Q2, which included $0.1 million from RNG sales and $4.2 million from the sale of environmental attributes related to RNG [7] Market Data and Key Metrics Changes - The company is targeting financial close for the Net Zero One (NZ One) project by the end of 2024, with development costs tracking under the previously disclosed range of $90 million to $125 million [6][8] - The RNG project is expected to receive approval under California's low carbon fuel standard (LCFS) program within the next six to nine months, which could significantly increase revenue from the RNG project [16] Company Strategy and Development Direction - Gevo is focused on three main areas: achieving net zero emissions, securing a Department of Energy (DOE) loan, and generating revenue from its Verity and RNG businesses [5][6] - The company is exploring further expansion of its RNG capacity towards 500,000 MMBtu per year with minimal additional capital expense [16] - Verity, a digital carbon accounting tech startup, aims to provide carbon accounting and supply chain traceability solutions to biofuel producers and farmers, with anticipated first revenue this year [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the progress of the DOE loan guarantee process and the potential for significant value creation from the NZ One project [5][6] - The management highlighted the importance of the LCFS market and the potential for carbon prices to increase, which would benefit the company's operations [24][25] - The company is confident in its ability to generate cash and work towards profitability, with a positive outlook on future opportunities [42] Other Important Information - The company is collaborating with Google to integrate artificial intelligence into the Verity platform, enhancing customer experience and optimizing carbon intensity reductions [12] - Verity has achieved 100% farmer retention in its growers programs, covering approximately 76,000 acres, an increase of 17% from the previous 65,000 acres [13] Q&A Session Summary Question: Can you provide more color on the stock repurchase program? - Management indicated that they cannot provide specific comments due to restrictions [18] Question: Any updates on the collaboration with LG Chem? - The collaboration is progressing well, with milestones being met in scaling up ETO technology [19] Question: What is the status of the LCFS market? - Management noted that while it's hard to predict carbon prices, there is a general expectation of an increase, which would benefit the company [24] Question: What are the drivers for the non-GAAP adjusted EBITDA range for RNG? - The range is influenced by the approval of the carbon pathway and current carbon prices [31] Question: Any specific catalysts the DOE is looking into for the NZ One build-out? - Management could not provide specifics but noted the thoroughness of the DOE's review process [35] Question: Is Google making any investments in Verity? - Google is partnering on the USDA grant and providing AI tools for the Verity platform [40]

Gevo, Inc. (GEVO) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.08, delivering a surprise of -33.33%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Gevo, which belongs to the Zacks Alter ...