Skip to main content

Market Overview

Why Gevo Shares Dropped 5.8% Lower After-Hours

Why Gevo Shares Dropped 5.8% Lower After-Hours

Gevo, Inc (NASDAQ: GEVO) shares fell 5.8% in after-hours trading on Wednesday.

What Happened: The renewable low-carbon biofuels company released fourth-quarter results Thursday, which missed analyst expectations. Revenues fell 75% on a quarter-over-quarter basis.

Gevo announced a quarterly loss of $0.07 per share vs. analyst expectations of a loss of $0.05 per share.

Revenues came in at $0.5 million for the quarter ended December 2020. Analysts expected revenue in the region of $0.75 million.

See also: How to Buy Gevo Inc. (GEVO) Stock

Last year in the same period revenues amounted to nearly $6.9 million.

Cash and cash equivalents at December 31, 2020, stood at $78.3 million 

Why It Matters: Gevo shares have seen at least two major event-driven spikes this year. The company's shares have soared 98.66% since the beginning of 2021.

The company announced new “Net-Zero Projects” through which it can produce energy-dense liquid hydrocarbons using renewable energy. 

The company has also been in news this year after its Nobel Prize-winning co-founder Frances Arnold was appointed to President Joe Biden’s science team.

Price Action: Gevo shares fell 5.82% in after-hours trading to $8.90 after closing nearly 2.7% higher at $9.45 in the regular session.  


Related Articles (GEVO)

View Comments and Join the Discussion!

Posted-In: biofuels Renewable energyEarnings News Small Cap Movers Tech Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at