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StockNews.com
StockNews.com
Business
Nimesh Jaiswal

Down 75% in the Past Year, is Now a Good Time to Buy Shares of Gevo?

GEVO

Renewable fuels company Gevo, Inc. (GEVO) in Englewood, Colo., recently announced that it had begun bringing its wholly-owned dairy manure-based renewable natural gas project online and expects it to lead to annual distributions of $9 - $16 million. Also, in its December 2021 investor presentation, the company said that it has approximately $3 billion in financeable contracts in place and is negotiating an additional $30 billion in contracts with its “high-quality” customers.

However, its commercial supply arrangements will not begin until 2024. 

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