Enphase Energy Inc (NASDAQ:ENPH)

Enphase Energy Inc (NASDAQ:ENPH) Stock Rallies on CEO Resignation

Enphase Energy Inc (NASDAQ:ENPH)

Enphase Energy Inc (NASDAQ:ENPH) stock rallied 4.27% after the company announced the resignation of current CEO, Paul Nahi. The rally also came after the company reported a smaller than expected second quarter net loss.

Enphase stock price chart:

Enphase Energy Inc (NASDAQ:ENPH)
One month Enphase stock price chart

Enphase Stock Performance

Enphase Energy Inc (NASDAQ:ENPH) shares face a lot of uncertainty in the market even after the brief rally. Enphase stock had initially powered to highs of $1.10 a share, before retreating to $0.928 a share. A bearish tone appears to be building on the stock as investors continue to react to Q2 net loss and imminent management changes.

The company bills itself as a leading provider of energy management solutions. Enphase Energy Inc (NASDAQ:ENPH) designs, develops and manufactures micro inverter systems for the solar photovoltaic industry. The global energy technology company also delivers smart easy to use solutions for connecting solar generation storage management solutions on one intelligent platform.

Enphase Q2 Earnings Report

Enphase Energy Inc (NASDAQ:ENPH) says it generated total revenues of $74.7 million for the three months ended June 30, 2017, representing a 36% year over year increase. Gross margin in the quarter dropped to 18.1% from 18.9% as of last year. GAAP operating expense dropped 22% to $22.8 million.

Net loss for the quarter dropped to (-$12.1) million from (-$16.7) million reported in Q2 2016. Enphase energy generated a total of $1 million in cash in the quarter to exit with a total cash balance of $31 million.

“We believe the combination of operating expense reduction, supply chain optimization and the transition to our sixth-generation IQ Microinverter System will enable us to achieve non-GAAP operating income profitability by the fourth quarter of 2017,” said Bert Garcia, CFO of Enphase Energy Inc (NASDAQ:ENPH).

For the third quarter, Enphase Energy says it expects revenues of between $72 million and $80 million which should lead to a gross margin of between 18% and 21%.

CEO Appointment

Enphase Energy Inc (NASDAQ:ENPH) has also confirmed that it has started the process of recruiting a new CEO following the resignation of Mr. Nahi.

“It has been an enormous privilege to lead Enphase since inception and through its growth to become a leading global energy technology company,” said Paul Nahi

Following Mr. Nahi resignation, Enphase Energy Inc (NASDAQ:ENPH) board of directors has appointed Bert Garcia, CFO, and Badri Kothandaraman, COO to oversee and provide leadership pending appointment of new CEO probably before August 31, 2017.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ENPH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Clean Energy Fuels Corp (NASDAQ:CLNE)

Clean Energy Fuels Corp (NASDAQ:CLNE) Q2 Earnings Disappoint

Clean Energy Fuels Corp (NASDAQ:CLNE)

Clean Energy Fuels Corp (NASDAQ:CLNE) has dropped 20%, in eight days, from $3.00 to less than $2.40 on an inter-day basis. The market sold off the clean energy stock after it reported Q2 earnings in which revenue fell over 25% from the same quarter a year ago. Volumes were heavy during the period and, on Friday, the number of CLNE shares traded was more than double the 30-day, daily average.

Clean Energy Fuels Corp (NASDAQ:CLNE)
One month daily candlebar chart for CLNE

Clean Energy Fuels Corp (NASDAQ:CLNE) provides natural gas fuel for use in North America’s transportation industry. The company builds and operates clean natural gas (CNG) and liquid natural gas (LNG) vehicle fueling stations and also manufactures CNG and LNG equipment and technologies. Clean Energy is the leading provider of CNG and LNG vehicle fuel in the United States. Clean Energy also sells Redeem™ RNG fuel and claims that it is the cleanest transportation fuel commercially available, reducing greenhouse gas emissions by up to 70%.

The Newport Beach, CA-based company delivered 88.4 million gallons in Q2 2017, a 6.6% increase from 82.9 million gallons delivered in the same period in 2016. Q2 2017 revenue was $81.0 million, a 25.0% decrease from the reported Q2 2016 revenues of $108.0 million. Clean Energy claimed the decrease was primarily due to a lower effective price per gallon due to the company’s sale of certain assets related to the upstream production portion of its RNG business. Like the rest of the industry, the company’s revenue was hit by the expiration of the U.S. federal excise tax credits for alternative fuels (“VETC”) on December 31, 2016.

Andrew J. Littlefair, President and Chief Executive Officer of Clean Energy Fuels Corp (NASDAQ:CLNE), stated: “Continued volume growth and positive adjusted EBITDA made for a favorable second quarter with what we believe is positive momentum moving forward. Particularly of note were several significant customer wins with our Redeem™ renewable natural gas, demonstrating how the transportation industry continues to embrace the cleanest fuel available.”

In 2012, Clean Energy Fuels Corp (NASDAQ:CLNE) was trading over $24. Since then CLNE shares have been on a continual slide and have a 52-week low of $2.18. YTD CLNE shares are down over 15%, and are down over 13% for the year. CLNE shareholders have experienced losses every year since 2012 when the company posted a loss of (-$1.16), however the smallest loss was last year at (-$0.10). Sales have been lackluster. In 2015 the company reported $384.3 million but that figure increased to just $402.7 in 2016.

Two investment firms follow Clean Energy Fuels Corp (NASDAQ:CLNE). One rates CLNE shares as a “Strong Buy”, while the other rates the shares as a “Hold”.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CLNE and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Plug Power Inc (NASDAQ:PLUG)

Buyers Return to Plug Power Inc (NASDAQ:PLUG)

Plug Power Inc (NASDAQ:PLUG)

Plug Power Inc (NASDAQ:PLUG) has borrowed an additional $20 million from the New York Green Bank – bringing its total indebtedness to the bank to $45 million. Last week, Plug Power Inc (NASDAQ:PLUG) jumped 15.09% in one trading session after announcing a new collaborative agreement with WalMart Stores Inc (NYSE:WMT). Previously the company had inked a deal with Amazon (NASDAQ:AMZN), and FedEx (NYSE:FDX).

Plug Power Inc (NASDAQ:PLUG)
Six month daily candlebar graph for $PLUG

Latham, NY-based Plug Power Inc (NASDAQ:PLUG) designs, develops, markets, and manufactures hydrogen fuel cell systems used for the material handling and stationary power markets in the United States. For WalMart and Amazon, Plug Power Inc is supplying fuel cells to power forklifts and other warehouse machinery. For FedEx, Plug Power Inc provided their proprietary ProGen engines for the delivery company’s electric vehicle fleet..

2017 revenues from each of the WalMart and Amazon deals are expected to reach between $70 and $80 million. However the loan was necessary according to Andy Marsh, CEO of Plug Power “Our amended credit facility provides Plug Power with access to additional strategic capital, improves the flexibility of our balance sheet, and ultimately reinforces our position to execute on our long-term growth strategy,” The loan comes with a steep interest rate of 11% and will mature in December of 2019.

Five investment firms follow Plug Power Inc (NASDAQ:PLUG). Three rate PLUG shares as a “Strong Buy”, while two rate the shares as a “Hold”. Their analyst’s consensus target price is $2.84 – about $0.50 higher than current trading levels. Plug Power Inc (NASDAQ:PLUG) has yet to post a profit but the losses shrink every year. In 2012 the per share loss was (-$0.93) but by 2016 it was (-$0.32). Sales originally had an upward trajectory. In 2012, sales were posted at $26.1 million and by 2015 sales were listed at $103.3 million, however in 2016 sales were a disappointing $85.9 million.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $PLUG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) Awarded Ground Breaking Patent

MagneGas Corporation (NASDAQ:MNGA)

Shares of MagneGas Corporation (NASDAQ:MNGA) dropped 6.68% even as the company announced that the U.S. Patent and Trademark Office (USPTO) had granted it a ground breaking patent.  The ‘MagneCule’ patent details the use of energy in a manner that changes the shape of affected molecules – thereby changing their bonding mechanism.

NASDAQ:MNGA
One Month Daily Candlebar Graph for $MNGA

Ground Breaking Patent

According to the MagneGas Corporation (NASDAQ:MNGA) a change in the bonding mechanism could lead to a more effective energy footprint – particularly in hydrogen molecules. The patented MagneCule theory according to chief executive officer Ermanno Santilli has numerous applications in the energy, transportation, and space industries.

“We believe that as these industries are under pressure to innovate, our newly released patented technology places us in an ideal position to provide value added innovation to numerous applications,” said Mr. Santilli

MagneGas Corporation (NASDAQ:MNGA) is planning to explore a low-cost proof-of-concept development project, and licensing opportunities, to validate the new technology. Chief Financial Officer Scott Mahoney expects development projects to help expand the company’s footprint in the target industries.

MagneGas Corporation (NASDAQ:MNGA) is an alternative energy company focused on the production of hydrogen-based fuel through gasification of carbon rich liquids. The company boasts of a patented process that converts liquid wastes into MagneGas fuels. The company’s leading product, MagneGas2, has already proved to be cleaner, more productive, and faster than other alternatives in the market.

MagneGas2 Marketing Drive

The company recently confirmed the appointment of a senior supply chain industry executive who could attract up to 80 distinct automotive fabrication and manufacturing facility relationships. MagneGas Corporation (NASDAQ:MNGA) expects the relationships to help drive sales for MagneGas2.

Some of the facilities have an annual spend of between $75,000 and $100,000 on alternative sources of energy. The hire, according to the CEO, represents a significant step in the company’s push to penetrate the global automotive industry.

Last month, MagneGas Corporation (NASDAQ:MNGA) received a grant of $431,874 from the US Department of Agriculture, the grant is to be used to accelerate the commercialization of MagneGas Plasma Arc Venturi stabilization system.  The company plans to carry out a number of commercialization projects in the U.S, Europe, Latin America and Asia.

“This funding provides a significant source of non-dilutive capital for further investment in our sterilization business segment,” said Mr. Mahoney.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

FuelCell Energy Inc (NASDAQ:FCEL)

Will Deal Reverse Fortunes for FuelCell Energy Inc (NASDAQ:FCEL)?

FuelCell Energy Inc (NASDAQ:FCEL)

FuelCell Energy Inc (NASDAQ:FCEL) shares gained almost 7.5% on news of an award by PSEG Long Island for a 39.8 megawatts fuel cell project under the Fuel Cell Resources Feed-in Tariff. The Long Island Power Authority (LIPA) will, under the PSEG program, purchase power from the fuel cell projects under 20-year power purchase agreements. FuelCell Energy Inc (NASDAQ:FCEL) will install, operate and maintain the fuel cell power plants.

NASDAQ:FCEL
Six Month Daily Candle Bar Graph for $FCEL

FuelCell Energy Inc (NASDAQ:FCEL), headquartered in Danbury, CN, aims to develop clean, efficient, and affordable fuel cell solutions. FuelCell provides comprehensive turn-key solutions for their customers and includes everything from the design and installation of a project to the long-term operation and maintenance of the fuel cell system.

The local municipality of Brookhaven will benefit from incremental revenue as three vacant commercial parcels of land are converted to revenue producing sites. Next steps in project development include working with the utility on the interconnection agreements, power purchase agreements, and finalizing site engineering. The SureSource 4000 is the largest power plant in FuelCell Energy Inc (NASDAQ:FCEL)’s product portfolio, generating 3.7 megawatts of clean power with leading electrical efficiency of approximately 60 percent. This enhanced-efficiency fuel cell system is designed for applications focused on clean and affordable power driven by the economics of high system electrical efficiency rather than thermal efficiency.

FCEL shares have done well for the past month, generating gains of over 22% but for the year are down over 70%. FCEL shares have been heavily diluted since 2012 when 13.79 million shares were outstanding. Each year the number of outstanding shares increased and by 2016 the number stood at 29.77 million. In the meantime, sales have been decreasing. In 2013 the company posted $187.7 million in sales but only $108.3 million in 2016.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $FCEL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Synthesis Energy Systems, Inc. (NASDAQ:SYMX)

Successful China Test Supports Synthesis Energy Systems, Inc. (NASDAQ:SYMX) Shares

Synthesis Energy Systems, Inc. (NASDAQ:SYMX)

Shares of Synthesis Energy Systems, Inc. (NASDAQ:SYMX) gained over 40% and closed trading at $0.51 per share. The gains come one day after the company released news that the largest capacity industrial synthetic gas facility for the Aluminum Corporation of China Limited (CHALCO) (NYSE:ACH) has successfully completed performance testing – the facility operates four SGT systems. This concludes successful performance testing at all seven SGT systems installed for CHALCO.

$SYMX
1 monthj Daily Candlebar graph for SYMX

DeLome Fair, President and CEO of Synthesis Energy Systems, Inc. (NASDAQ:SYMX), stated “This latest milestone achievement at the largest capacity SGT project to date comes as we are in negotiations for similar and larger clean energy projects around the world. Our proprietary technology’s clean synthesis gas replaces expensive natural gas for numerous energy and chemical uses, including industrial fuel.”

Synthesis Energy Systems, Inc. (NASDAQ:SYMX) technology utilizes unpopular fuel sources including low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, waste coals, biomass, and municipal solid waste feedstocks. Houston, TX-based Synthesis Energy Systems, Inc. (NASDAQ:SYMX) devotes itself to generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology that transforms these resources into a clean synthesis gas (syngas) and methane. Synthesis Energy Systems, Inc. (NASDAQ:SYMX)’s proprietary technology enables the production of clean, low-cost power, industrial fuel gas, chemicals, fertilizers, transportation fuels, and substitute natural gas, replacing expensive natural gas-based energy. Synthesis Energy Systems, Inc. (NASDAQ:SYMX)’s technology can also produce high-purity hydrogen for cleaner transportation fuels.

Shareholders of Synthesis Energy Systems, Inc. (NASDAQ:SYMX) have not seen rewards for some time. YTD the shares are down 64% and down over 66% for the year. Just this week the company’s shares established a new 52-week low of $0.34 and the analyst’s have a one-year price target of $1.75 which is considerable higher than the stock’s 52-week high of $1.45. Losses have plagued stockholders for the past five years. In 2012, SYMX shareholders had a per share loss of (-$0.39). The following years have seen similar losses and in 2016 the company posted a loss of (-$0.27). Sales have been on a downtrend as well. In 2014 the company posted sales of $17.5 million but for 2016 that figure was only $6 million.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SYMX and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Gevo, Inc. (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) Announces New Product

Gevo, Inc. (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) shares were off slightly (-3.4%) after the company jointly announced that Gevo’s proprietary isobutanol technology will now be available for licensing to processors of sugar cane juice and molasses. This announcement came after Praj Industries Ltd’s development work, adapting Gevo, Inc. (NASDAQ:GEVO)’s technology to sugar cane and molasses feedstocks.

Gevo, Inc. (NASDAQ:GEVO)
Two month Daily Candle Graph $GEVO

In the first phase of development, Praj Industries worked with Gevo’s technology using sugar cane and molasses feedstocks, undertaking test-runs to create a commercialized process to juice cane and molasses-based ethanol plants, as licensees of Gevo’s isobutanol technology. Licensing is expected to be focused on Praj plants located in India, South America and South-East Asia, with initial capacity targeted to come on-line between 2019 and 2020.

Pramod Chaudhari, Executive Chairman, Praj, stated, “We are excited to offer this technology to our global customers who stand to benefit from an additional revenue stream from isobutanol. Praj has worked on 750 projects for ethanol plants across 75 countries. This isobutanol platform can be offered as ‘bolt-on’ to an existing ethanol plant or as a greenfield plant. This isobutanol technology is the latest addition to Praj’s diverse product portfolio and reinforces our organization’s leadership in the bioenergy space.”

Isobutanol has several direct applications as a gasoline blendstock or as a specialty chemical solvent, or it can be used as Gevo’s alcohol-to-jet fuel (ATJ) and isooctane. In comparison to other renewable jet fuels, Gevo’s ATJ has the potential to offer the optimal solution in terms of operating cost, capital cost, feedstock availability and scalability.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GEVO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

GOLDMINING INC COM NPV (OTCMKTS:GLDLF)

Acquisition for GOLDMINING INC COM NPV (OTCMKTS:GLDLF) 

Acquisition for GOLDMINING INC COM NPV (OTCMKTS:GLDLF)

Shares of GOLDMINING INC COM NPV (OTCMKTS:GLDLF) were up by 3.95% in Monday’s trading session to end the day at $1.40 a share. The rally comes days after the company announced plans to grant stock options to certain directors, officers employees, and consultants. The mineral exploration company is also fresh from completing the acquisition of Yellowknife Gold Project and Big Sky Property in Canada.

Yellowknife Gold Project Acquisition

GOLDMINING INC COM NPV (OTCMKTS:GLDLF) is a mineral exploration company focused on the acquisition and development of mining projects. Some of the company’s leading projects include Titiribi and La Mina Gold-Copper Projects located in Antioquia Colombia.

The Yellowknife Gold Project that the company has acquired has been the subject of substantial drilling, underground development and historic gold production. YGP covers over 30km of the Yellowknife Greenstone Belt believed to have produced over 15 million ounces of gold in the past. The property comprises of 19 million leases and 5 mineral claims.

Big Sky Project, on the other hand, represents an early stage exploration property that could strengthen the company’s asset portfolio. GOLDMINING INC COM NPV (OTCMKTS:GLDLF) transaction for Yellowknife Gold Project consisted of 4,000,000 shares of the company subject to customary escrow provisions

“At GoldMining, our overriding focus continues to be the consolidation of multi-million-ounce gold resource assets in favorable mining jurisdictions to maximize gold leverage for our shareholders. We believe that this transaction most certainly fits that description,” said Amir Adnani, GOLDMINING INC COM NPV (OTCMKTS:GLDLF) Chairman.

Yellowknife Gold project comprises of 141 holes of diamond drilling. However, no new drilling or sampling has been completed on the project. GOLDMINING INC COM NPV (OTCMKTS:GLDLF) has commissioned an independent updated resource estimate of the project as it continues to review the extensive geological database. The company also plans to engage an independent consultant to examine the cut-off grade with reference to current metal prices.

Stock Options

Separately, GOLDMINING INC COM NPV (OTCMKTS:GLDLF) board has approved the granting of stock options under the company’s stock option plan. The company is to issue 1,800,000 Options to directors and officers at an exercise price of $1.69 a share. The Options are to vest 25% immediately, 25% on the 6 month anniversary of the grant date, 25% on the 12th months and 25% on the 18th month.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GLDLF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

$SND

Downgrade Hits Smart Sand Inc (NASDAQ:SND)

Smart Sand Inc (NASDAQ:SND)

Smart Sand Inc (NASDAQ:SND) shares dipped after a Credit Suisse analyst downgraded the shares from an “Outperform” to a “Neutral”. Shares closed on Wednesday at $7.87 and then gapped down to open at $7.06 before hitting the daily low of $6.56. Volumes for shares of the basic materials company were heavy – about three times their daily average.

Smart Sand Inc (NASDAQ:SND) is a producer of Northern White raw frac sand which is used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Smart Sand Inc (NASDAQ:SND) sells to oil and natural gas exploration and production companies and oilfield service companies. Contracts are usually a combination of long-term take-or-pay contracts and open-market spot sales. Smart Sand owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin. Smart Sand Inc (NASDAQ:SND) also operates a second property in Jackson County, Wisconsin, known as Hixton site.

Before today, most analysts had a price target on SND in the mid-teens. The latest price target from Credit Suisse gives the shares a price target of $8.50. At the end of February, Smart Sand Inc (NASDAQ:SND) traded near $22 but since then the stock has been on a steady slide. Performance reflects the situation as YTD SND shares have lost over 50%. Based on today’s closing, the shares hit a new 52-week low today of $6.82.

Smart Sand Inc (NASDAQ:SND) had sales of $47.7 million in 2015 and that figure increased to $59.2 million for 2016. A similar experience was had by shareholders as the 2015 EPS was $0.34 and that expanded to $0.43 for 2016.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SND and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Why Shares of Gevo, Inc. (NASDAQ:GEVO) Rallied

Gevo, Inc. (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) shares rallied by 17.8% after the Chief Executive Officer, Pat Gruber, reaffirmed the company’s growth prospects amidst a changing government landscape and policy initiatives. The executive has also quashed concerns that recent events at the Department of Energy could have a catastrophic impact on the company and the broader BioEconomy.

Gevo, Inc. (NASDAQ:GEVO)
Daily Candle Bar Graph for $GEVO

Luverne Plant Capacity

According to the executive, improving the production capacity of the Luverne plant is a core objective, as focus shifts to targeting the jet fuel, isooctane/renewable gasoline, and isobutanol markets. The CEO expects the efforts to help the company generate a good amount of profit even as the overall industry continues to face uncertainty.

The company is fresh from signing a binding agreement with a 140-year-old Germany company as part of an effort that seeks to strengthen operations on specialty chemicals and fuel products. Gevo, Inc. (NASDAQ:GEVO) is also working on a number of deals to meet the 50% production capacity at the Luverne Plant.

Gevo, Inc. (NASDAQ:GEVO) is a renewable chemical and biofuels company. The company’s core operations revolve around the development and commercialization of alternates to petroleum-based products as a source of energy. The company is currently engaged in the research and development of isobutanol among other biocatalysts.

Gevo, Inc. (NASDAQ:GEVO) is also capable of converting cellulosic sugars into isobutanol, jet fuel, and isooctane

Budget Cuts Impact

The DOE could see its $5 billion budget trimmed by 20% amidst reports the Trump administration is considering a string of budget cuts. The direct impact of the move on Gevo, according to the CEO, is minimal.

“To be very clear the direct impact to Gevo is minimal in those kinds of budget cuts. The potential impact could be more direct on the cellulosic programs which have more exposure to DOE programs,” said Mr. Gruber

Gevo, Inc. (NASDAQ:GEVO) is currently exploring various federal programs with a view of getting loans and grants for financing its operations. Minnesota is one of the states that the company is eyeing for subsidies given that the state has similar programs for chemical products.

In a bid to strengthen its balance sheet, Gevo, Inc. (NASDAQ:GEVO) has restructured its debt structure by exchanging most of its unsecured 2022 converts.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GEVO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.