Movers and SHAKERS
Gevo, Inc. (GEVO)
Update on Timing of FEED Engineering and Financial Close
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.
Corporate update summarized significant milestones achieved and highlighted potential milestones. Update clarified the timing of FEED engineering and project financing, while reinforcing information discussed in two recent presentations by CEO Pat Gruber at NobleCon 17 and on a fire side chat for Water Tower Research (WTR) earlier this week.
Major achievement is funding secured for equity investments in first two Net-Zero plants. As stated in our recent research notes, significant capital raises increased pro forma cash to ~$535 million, which locks in the majority of the equity investments for the first two Net-Zero plants. Using a mix of 70% debt/30% equity, Gevo might fund all of the equity in Net Zero 1 (~$210—$240 million) and the ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*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.