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Thursday, March 19, 2020
Gevo, Inc. (GEVO)
Supply Agreements Bolster Financing Discussions.
Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Gevo Development/Agri-Energy is the key revenue generating segment which involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Narrower 4Q2019 loss in line with expectations. No change in 2020 estimates. Adjusted EBITDA of $(4.0) million was down from $(4.9) million in 4Q2018 as higher hydrocarbon more than offset lower ethanol production.
Solid progress on Phase 1 goal to lower carbon intensity. The startup of wind energy and the upcoming move to renewable natural gas (RNG) use are signs of progress on Phase 1. Contracts with three dairies support RNG buildout to lower carbon intensity. Added hydrocarbon production is…
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