Gevo’s share price increased by more than 792% in the past 12 months. Yet, since it hit its peak above $15.5, the stock shed about 70% of its value.
Sustainable energy and fuel have long been a hot topic for media, the public, and even governments around the world. Now, it seems that investors are more than excited about Gevo’s new contract to produce sustainable aviation fuel, boosting its share price by 37% yesterday.
Here’s everything you need to know about Gevo, including where to buy it.
How & Where to Buy Gevo Stock Online
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What Is Gevo?
Gevo produces energy-dense liquid hydrocarbons and renewable chemicals. The company uses renewable feedstocks to produce fuels.
Should I Buy Gevo Today?
Gevo is a relatively new company. Due to its focus on producing fuel from feedstock (like corn, for instance), investors have been quite optimistic regarding its potential. Yesterday, the stock increased by 37% and is up by 792% in the past 12 months.
The company shed about 70% of its value since its all-time high near $15.5. It seems that investors started to lose interest in the company after it failed to secure any new contracts this year.
Yet, the company has recently announced its collaboration with Chevron, an oil giant, to produce sustainable aviation fuel from inedible corn. This news triggered a new share price rally – especially as Gevo dropped the big name, Chevron, which will make the investments in exchange for the right to buy 150 million gallons of fuel per year.
Gevo Price Prediction 2021
Gevo has a promising new contract. Thus, it does not come as a surprise that analysts are highly optimistic, predicting a high share price of $18.