Why Did DEVS Stock Surge 30% In Pre-Market Today?

DevvStream‘s proposed business combination partner, Southern Energy Renewables, is set to invest $1.4 billion to build a methanol and aviation fuel plant
A candlestick chart can be seen in a trading platform on a smartphone. Top U.S. firms announced record buybacks this year. (Photo by Silas Stein/picture alliance via Getty Images)
A candlestick chart can be seen in a trading platform on a smartphone. Top U.S. firms announced record buybacks this year. (Photo by Silas Stein/picture alliance via Getty Images)
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Arnab Paul·Stocktwits
Published Mar 13, 2026   |   9:21 AM EDT
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Summary: DevvStream‘s proposed business combination partner, Southern Energy Renewables, is set to invest $1.4 billion to build a methanol and aviation fuel plant.

Shares of DevvStream Corp. (DEVS) surged 30% in pre-market trading on Friday after its proposed business combination partner, Southern Energy Renewables, announced a $1.4 billion investment to develop a green methanol and sustainable aviation fuel production facility in Louisiana.

Planning and site development are currently underway, with construction expected to start in late 2027 and production targeted in late 2029, Southern Energy said. The project is expected to create 120 new direct jobs.

DevvStream and Southern Energy signed a business combination agreement last December, with completion expected in the first half of 2026.

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