Gevo Stock Is Trading Higher Tuesday: What's Going On?
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Gevo, Inc. (GEVO) shares rose 54.11% to $1.935 after reporting better-than-expected Q2 earnings, with EPS of 1 cent, surpassing the estimated 6 cent loss. Sales reached $43.41 million, below the $50.78 million estimate but up $14 million from the previous quarter. The company achieved net income of $2.1 million and Adjusted EBITDA of $17 million, driven by low-carbon ethanol and carbon credit sales. Gevo ended the quarter with $126.9 million in cash, positioning itself for future growth in sustainable aviation fuel production.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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