Gevo

Gevo appoints Dr. Todd Werpy to its board of directors effective August 20. Werpy brings more than 30 years of experience in sustainable technologies, biotechnology, catalysis and process engineering, and was most recently chief science officer at Archer Daniels Midland. The company recorded 315% revenue growth over the past 12 months but remains unprofitable; market capitalization is about $377.6 million. The appointment comes as the stock has recently gained momentum, climbing 8.9%. » Mere på de.investing.com

Gevo reported Q1 2026 earnings per share of -$0.09 versus an expected -$0.01 and revenue of $43 million compared with a forecast of $44.65 million. Revenue rose 48% year‑on‑year, the net loss remained $22 million, while adjusted EBITDA turned to $9 million. The stock fell only about 0.49% in after‑hours trading. Gevo confirms a full‑year adjusted EBITDA guidance of $30 million and plans to finance investments from internal cash flow. » Mere på de.investing.com

Gevo has withdrawn its application for a U.S. Department of Energy (DOE) loan guarantee for the ATJ-60 synthetic jet fuel project in Lake Preston, South Dakota, after discussions with the DOE. The company said DOE conditions supporting tertiary oil recovery in the project area are currently not economically viable and that it has identified alternative financing sources and broader product offerings. Gevo will continue work on the ATJ-30 project in Richardton, North Dakota, plans to expand ethanol production to up to 150 million gallons annually, and reserves the option to reapply for a DOE guarantee in the future; it also announced personnel appointments and an expansion of its patent portfolio. » Mere på de.investing.com