GEVO Inc Stock Price and News: Shares retreat after stock offering

  • NASDAQ:GEVO falls from above $14 to $10 as stock offering completed.
  • GEVO raises $321 million from stock offering.
  • GEVO now has $535 million in cash and no major debt.

Update February 1: GEVO shares have fallen back from a peak over $14 on January 27 to trade at $10.24 at the time of writing. The stock offering was priced at $8 per share. GEVO announced that its Net-Zero 1 would produce approximately 45MGPY of liquid hydrocarbons and 350 million lbs a year of high protein animal feed. GEVO says it has enough cash to fund 100% of the equity investment neded for Net-Zero 1. 


Update: Gevo Inc (NASDAQ: GEVO) has soared by 25.98% on Monday, closing at $13.24 after hitting a 52-week peak of $14.50. Tuesday's premarket trading data is pointing to a decline of around 2% to just under $13, much-needed profit-taking. The biodiesel and renewable chemicals firm benefited – and may still gain ground after the correction – from three factors. First, Frances Arnold, Gevo's co-founder, has been appointed to President Joe Biden's Science Team. Second, the firm completed a financing round worth $350 that should boost its arm chest. Third, Poe Fratt of Noble Capital Markets, set a target price of $16 – nearly double his previous call. That still leaves GEVO room to run. 

Update: President Joe Biden has been moving swiftly to make good on his climate goals – and Gevo Inc (NASDAQ: GEVO) has been quick to cash in on its rapid ascent. Shares of renewable energy are up over 23% on Monday, hitting a high above $13 – and more than tripling since 2021 began. Back in the autumn, stocks traded at only $1. Investors are shrugging off Gevo's announcement on Monday that it has closed its previously announced $350 million in share offering. H.C. Wainwright & Co, CitiGroup,, Stifel and Roth Capital Partners were all involved in the financial move. The purchase price was only $8, providing investors a handsome profit. President Joe Biden is set to deliver a speech on American manufacturing later in the day. 

Update: Gevo Inc (NASDAQ: GEVO) is set to surge by nearly 20% on Monday according to premarket data. The Englewood, Colorado-based company would see shares reach $12.60, a new 52-week high. The biofuels and renewable chemicals firm is set to be a substantial beneficiary from President Joe Biden's climate push. The new Commander-in-Chief is set to deliver remarks on American manufacturing later on Monday, calling for higher investment. The combination of green goals and local investment is music to Gevo investors' ears. Is the stock nearing overbought territory? Looking at the recent past, the meteoric surge may result in a correction. However, zooming out a few years, shares stood at much higher levels and the company is worth only around $2 billion – so there may be room for more gains. 

NASDAQ:GEVO has been one of the early winners from the new Biden administration being in the White House as the stock has vaulted from penny stock darling into a company with over a $1 billion market cap. On Thursday, shares rebounded from a Wednesday selloff and added 7.27% to close the trading session at $9.30, with a trading volume of over 62 million shares which is more than double the daily average. GEVO has now surged by over 118% since the start of 2021, and as can be expected when a stock rises that much in a short period of time, the company raised a public stock offering to capitalize on the soaring price. 

Another catalyst for the recent success of GEVO’s stock is that co-founder and Nobel Prize Winner Frances Arnold has been named to President-elect Biden’s official White House Science team. That is an incredible honor and points towards the work GEVO is doing in the field of alternative energies, something the Biden administration has openly stated is a focus during the next four years. While it does not necessarily mean that GEVO is primed to soar from here on out, it certainly does not hurt for the co-founded of the company to have the direct ear of the President.

GEVO stock forecast

GEVO stock price chart

After a recent upgrade from Noble Capital analyst Poe Fratt, he went on to say that he expected GEVO to announce some important progress on its Net-Zero 1 project in South Dakota. The signs are all consolidating and pointing upwards for GEVO, so it should be no surprise that investors are beginning to get in now before shares take off. 




Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD hits six-week high amid risk-on mood

EUR/USD has risen above 1.22, hitting the highest since mid-January. The US Fed's commitment to easing has boosted the market mood and the safe-haven dollar is down despite higher US yields. A big bulk of US data including GDP awaits traders.


AUD/USD breaks through critical 0.8000 level, fresh three-year highs

AUD/USD rides the reflation wave higher. The aussie reaches the highest since February 2018. Surge in commodities complex underpins the AUD.


Gamestop (GME) Stock Price and Forecast: Soars 273% as “diamond hands” trigger meme stock comeback

NYSE: GME is trading at around $168 in Thursday's premarket trade, up 273% from Wednesday's early trading price. The departure of the CFO served as the trigger to the fresh buying frenzy. Retail traders that have held onto shares seem to be behind the surge.

Read more

Dogecoin on the verge of a 75% lift-off

Dogecoin price has been lull ever since the local top on February 7. However, a 20% surge due to Elon Musk’s recent endorsement has led to a breakout from a bull flag pattern. Now, the meme coin could surge 75% to record levels soon.

Read more

US Dollar Index looks depressed near 90.00 ahead of data

The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main rivals, remains under heavy pressure around the key 90.00 neighbourhood in the second half of the week.

US Dollar Index News