Gevo (GEVO)
Runs an acquired North Dakota ethanol and carbon-capture plant as its main revenue engine.
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Runs a low-carbon ethanol plant with on-site carbon capture in North Dakota, a dairy-manure renewable natural gas facility in Iowa, and a still-unbuilt sustainable aviation fuel project in South Dakota backed by a conditional federal loan guarantee. Revenue comes mostly from ethanol sales, federal clean-fuel tax credits, and low-carbon fuel credit markets, not aviation fuel.
Spun out of Caltech and UCLA research in 2005 as Methanotech and renamed a year later, the company's founding science fermented sugars into isobutanol as a renewable fuel feedstock. A Nasdaq listing followed in 2011 behind plans to convert a Minnesota ethanol plant into jet fuel; output never cleared demonstration scale, and that site now serves customer education, not production.
The business turned commercially real only recently, when an acquired North Dakota ethanol plant paired with carbon capture became the revenue engine, complemented by a smaller Iowa dairy-manure renewable natural gas line sold under offtake to a major oil company.
A sustainable aviation fuel plant in South Dakota remains unbuilt, backed by a conditional federal loan guarantee under review for a smaller design. Ethanol margins, corn costs, and clean-fuel tax credit rules directly shape earnings.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 14, 2026 | Jefferies | Reiterate | Rating: —Target: — | Target: $1.90 |
| Jul 16, 2026 | Northland Securities | Target | Target: $3.50 | Target: $3.75 |
| May 22, 2026 | UBS | Reiterate | Rating: —Target: $2.25 | Target: $2 |
| Apr 16, 2026 | Northland Securities | Target | Target: $3 | Target: $3.50 |
| Dec 1, 2025 | Northland Securities | Target | Target: — | Target: $3 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $58.1M · Total debt $170.7M · Total assets $490.7M · Shareholders' equity $273.2M
- Revenue
- $46.5M
- Operating income
- −$171.7M
- Net income
- −$176.9M
No dividends on record.
| Institutions | 37.46% | 92.61M shares | |
|---|---|---|---|
| 157 holders · as of Jun 30, 2026 | |||
| Insiders | 2.70% | 6.67M shares | |
| 18 holders · as of Sep 4, 2026 | |||
| Other | 59.84% | 147.96M shares | |
| remainder | |||
247.24M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.41% | 18.33M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.43% | 13.43M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.15% | 10.25M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.54% | 6.27M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 2.26% | 5.58M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Patrick R. Gruber | director | −3,333 | $1.70 |
| Sep 3, 2026 | Paul D. Bloom | director, officer: CEO | −1,514 | $1.71 |
| Sep 3, 2026 | Kimberly T. Bowron | officer: Chief of Staff | −1,221 | $1.71 |
| Aug 21, 2026 | James J. Barber | director | +50,000 | $1.54 |
| Aug 21, 2026 | David Michael Kettner | officer: Chief Legal & Emrg Biz Officer | +12,500 | $1.55 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gevo | $1.57 | +1.62% | $374.9M | — | 30.7 | 2.1 | +7.1% |
| Calumet | $57.63 | −0.85% | $5.06B | — | 16.8 | 1.1 | +40.8% |
| Green Plains | $15.18 | +2.22% | $1.04B | 9.6 | 9.0 | 0.6 | −19.3% |
| Aemetis | $2.13 | +1.91% | $147.1M | — | — | 0.6 | +20.0% |
| REX | $43.75 | +1.44% | $1.42B | 11.8 | — | 2.1 | +6.3% |
| Clean Energy Fuels | $1.70 | −1.45% | $378.8M | — | — | 0.9 | +3.7% |
| LanzaTech Global | $6.26 | +2.91% | $13.4M | 0.1 | — | 0.2 | −0.8% |
| Archer Daniels Midland | $83.63 | +0.30% | $40.19B | 22.8 | 14.1 | 0.5 | +7.2% |
| Montauk Renewables | $2.54 | +8.80% | $331.7M | 42.1 | 18.6 | 1.8 | +19.7% |
| Median | 11.8 | 15.4 | 0.7 | +6.7% |