Movers and SHAKERS
Gevo, Inc. (GEVO)
Two milestones in a week - FEED Engineering firm identified
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.
Another milestone hit with identification of FEED firm. Koch Project Solutions, LLC is performing front end engineering, design and project execution management services (FEED) for the renewable fuel expansion projects. Koch Project Solutions is part of a subsidiary of Koch Industries. Like Trafigura, the new relationship could open up collaboration opportunities on other fronts. While there is no indication that other subs are involved, establishing a relationship with a major energy industry player should be viewed as a positive development.
Debt free milestone hit. Strong December stock price performance was catalyst for debt conversion into equity. Last week, we learned from an ATM equity prospectus update that all of the convert debt was converted into equity. A total of 5.67 million shares were issued to Whitebox, and ~$14 million of cash was preserved to keep current cash near $79 million ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.