Biofuels Company Gevo Stock Slides Ahead of Earnings: Retail Cautious

Biofuels maker Gevo Inc (GEVO) stock was down 28% on Wednesday afternoon, ahead of the company’s third-quarter earnings, with retail sentiment staying cautious.

Wall Street analysts expect Englewood, Colo-based Gevo, due to report financial results on Nov 7, to report a loss per share of $0.08 on estimated revenue of $5.43 million for Q3. The company has missed estimates in the last three quarters.

Retail sentiment was muted on the stock on Wednesday – ‘bearish’ (40/100), while message volumes inched up higher (71/100) from a day ago. (44/100).

The company’s stock saw a two-year high of $3.29 on Oct 21, days after it secured a conditional commitment of $1.46 billion from the U.S. Department of Energy (DOE) towards constructing its Net-Zero 1 project (NZ1) in South Dakota.

Gevo develops bio-based alternatives to petroleum-based products. The NZ1 facility is designed to produce approximately 60 million gallons of sustainable aviation fuel (SAF).

Gevo's NZ1 facility is set to produce about 60 million gallons of sustainable aviation fuel (SAF), 1.3 billion pounds of protein and animal feed, and 30 million pounds of corn oil each year, Stocktwits reported earlier. The facility aims to create SAF with a net-zero carbon footprint over its entire lifecycle.

Some Stocktwits users were suggesting concerns about its stock were misplaced following election results. Donald Trump’s energy policies may be heavily in favor of traditional fossil fuels as opposed to cleaner alternatives, say observers.

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