Why Gevo Stock Jumped Today
Shares of Gevo (NASDAQ: GEVO) were climbing today after the development-stage alternative fuel company posted first-quarter earnings results. With Gevo's revenue near zero, the focus seemed to be on progress at its Net-Zero 1 plant. Gevo reported just $93,000 in revenue in the quarter, an operating loss of $9.9 million and an adjusted loss per share of $0.05, though the results were mostly irrelevant as the company is in the process of building out a plant that converts crops like corn into hydrocarbon fuels, such as gasoline and jet fuel.
