Gevo, Inc. (NASDAQ: GEVO)
Gevo has been on my radar for some time now. As a result, I often get emails from investors interested in what’s coming next. As the company has been through a blackout period, we haven’t heard much, and I haven’t been able to offer any insight. However, there’s a lot going on today. Below, we’ll talk about what’s happening with GEVO.
GEVO To Report Earnings
Today was scheduled to be an interesting day weeks ago when Gevo released information that it would be releasing its earnings today after the bell. With everything the company has been working on throughout the quarter, investors are overwhelmingly interested in what’s going to happen with earnings. My personal opinion is that they will be overwhelmingly positive. However, only time will tell.
Earnings Isn’t The Only Big Story
On Friday night, I went into the weekend content with the fact that earnings was coming soon and my opinion that the report will be positive. However, I had no idea that another big announcement was going to be made. Earlier today, GEVO announced that the first commercial flight using the company’s cellulosic renewable alcohol to jet fuel (ATJ) is expected to take place today. The flight will go from Seatle to Ronald Reagan Washington National Airport.
In a statement, Pat Gruber, the CEO at GEVO, had the following to offer:
“This first of its kind flight demonstrates Gevo’s commitment and ability to convert next generation cellulosic feedstocks into fungible hydrocarbons. We are pleased that we had the opportunity to prove, through the NARA project, that cellulosic sugars from wood can be used to successfully make commercial jet fuel. Wecongratulate all of our fellow NARA partners and thank the U.S. Department of Agriculture, National Institute of Food and Agriculture, for its unwavering support in the pursuit of renewable jet fuel. I also thank Alaska Airlines, who continues to be a great partner.”
What I’ll Be Watching Ahead
I believe that after-hours and into tomorrow we’re going to see some strong movement in GEVO. I’m expecting that earnings will be positive, and it’s clear that the ATJ news was positive. The only thing I’m concerned about is the fact that the company still needs to focus on building capital. This may happen through a public offering, causing a bit of a drop in value. Nonetheless, things are looking great at the moment.
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