GEVO News & Events

Gevo announced Wednesday the company's withdrawal of its loan guarantee financing application with the U.S. Department of Energy Office of Energy Dominance Financing and is developing other funding opportunities to meet its goal of financing the company's Alcohol-to-Jet-30 plant by end of 2026. Gevo withdrew its application today following a conversation with EDF in which it was clear the business objectives EDF required-that the project support enhanced oil recovery-are not yet commercially viable at scale in the project area, and that there are opportunities for alternative financing better aligned with company strategy that can accelerate the timeline for project execution with improved returns. The withdrawal affords Gevo the opportunity to resubmit an application for a project at a later date, if desired. Gevo previously received a conditional commitment from EDF to guarantee a loan for its ATJ-60 synthetic aviation fuel project in Lake Preston, South Dakota. Gevo had been working with EDF to transition the conditional commitment to its ATJ-30 project to be located at its newly acquired Gevo North Dakota facility in Richardton, North Dakota. Gevo intends to continue its efforts on ATJ-30 at GND as the project remains in line with overall company strategy and timeline for execution. That facility includes low-carbon ethanol production, and carbon capture and geological carbon sequestration capabilities, which are beneficial for cost-effective ATJ production. "Over the past year, we have substantially derisked our position in low-carbon ethanol required for our ATJ and we believe we are in a better position to secure alternative financing that allows us to pursue the most accretive business case in alignment with company strategy and timelines. We firmly believe that the GND facility is one of the best sites in the U.S., in a pro-agriculture and pro-energy state and with local farmers who continue to increase productivity year after year," said Paul Bloom, Gevo CEO. "GND is already cash-generating and has the capability to further grow Gevo's Adjusted EBITDA, providing the economic foundation for ATJ expansion and a steppingstone for Gevo's franchise development strategy for SAF and other fuels and chemicals."

The major averages closed broadly higher, extending the strength of the last day of March into the start of April. Markets are staging a sharp relief rally as the dominant narrative is de-escalation. Comments suggesting a potential wind-down of U.S. military activity in Iran have triggered a broad risk-on move across equities, bonds and currencies. Of note, President Trump said in a social media post that Iran's president has requested a ceasefire, though Trump noted the U.S. will consider the offer when the Strait of Hormuz is "open, free, and clear."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nikereportedbut guided for a decline in Q3 revenueRHreportedand revenue and provided FY26 and FY27 revenue growth guidanceIntelwillin its Ireland Fab joint venture with Apollo GlobalAn Iranian strike damaged an Amazoncloud computing operation in Bahrain a day after Iran's Revolutionary Guards threatened to target U.S. companies operating in the Middle East, including Microsoft, Apple, Google, Meta, and others,General Motorsreported aand Stellantis'FCA reported a 4% increase while Toyotareported an 8.5% decline in March sales in the U.S.2. WALL STREET CALLS:JPMorgan, BofA and Goldman SachsNike after fiscal Q3 reportDisneyto Outperform at Raymond JamesRaymond James alsoUnitedHealthto OutperformDA DavidsonRivianto Neutral on valuation post selloffPPGto Neutral at Citi on raw material costs3. AROUND THE WEB:Stellantisis in talks to build electric vehicles in Canada with a Chinese partner, Bloomberg saysRelated Digital is finalizing $16B in financing for an Oracledata center in Michigan to support OpenAI workloads, Bloomberg reportsAppleis testing letting Siri process multiple requests in a single query in iOS 27, Bloomberg saysTesla'sQ1 deliveries are expected to be lower than December's quarter due to uneven demand and intensifying competition in key markets, Reuters reportsShellis in advanced discussions with Venezuela's government to develop four areas near Trinidad and Tobago, in two areas that are the country's largest offshore natural gas fields, Reuters says4. MOVERS:Target Hospitalityincreased after securing an overDave & Buster'sgained afterand providing guidance for FY26Eli Lillyrose after the FDA approved itsOric Pharmaceuticalswas lower after announcing aGevofell after appointing Kyle James asand Dave Kettner as General Counsel5. EARNINGS/GUIDANCE:Conagra Brandsreportedand narrowed its FY26 earnings outlookPVH, with CEO Stefan Larsson commenting, "We delivered a strong fourth quarter and finish to the year, driven by the strength of our two iconic global brands"Lamb Westonand narrowed its guidance for FY26FitLife, with EPS lower year-over-yearUniFirst, with EPS missing consensusINDEXES:The Dow rose 224.23, or 0.48%, to 46,565.74, the Nasdaq gained 250.32, or 1.16%, to 21,840.95, and the S&P 500 advanced 46.80, or 0.72%, to 6,575.32.

The major averages were broadly higher near noon, building on yesterday's strong session. Markets are staging a sharp relief rally to kick off April as the dominant narrative is de-escalation. Comments suggesting a potential wind-down of U.S. military activity in Iran have triggered a broad risk-on move across equities, bonds and currencies. Of note, President Trump said in a social media post that Iran's president has requested a ceasefire, though Trump noted the U.S. will consider the offer when the Strait of Hormuz is "open, free, and clear."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nikereportedbut guided for a decline in Q3 revenueRHreportedand revenue and provided FY26 and FY27 revenue growth guidanceConagra Brandsreportedand narrowed its FY26 earnings outlookIntelwill repurchase ain its Ireland Fab joint venture with Apollo GlobalAn Iranian strike damaged an Amazoncloud computing operation in Bahrain a day after Iran's Revolutionary Guards threatened to target U.S. companies operating in the Middle East, including Microsoft, Apple, Google, Meta, and others,2. WALL STREET CALLS:JPMorgan, BofA and Goldman SachsNike after fiscal Q3 reportDisneyto Outperform at Raymond JamesRaymond James alsoUnitedHealthto OutperformDA DavidsonRivianto Neutral on valuation post selloffPPGto Neutral at Citi on raw material costs3. AROUND THE WEB:Appleis testing letting Siri process multiple requests in a single query in iOS 27, Bloomberg saysTesla'sQ1 deliveries are expected to be lower than December's quarter due to uneven demand and intensifying competition in key markets, Reuters reportsShellis in advanced discussions with Venezuela's government to develop four areas near Trinidad and Tobago, in two areas that are the country's largest offshore natural gas fields, Reuters saysAmazon's"sponsored prompts" for its Rufus AI assistant are yielding significantly lower traffic than traditional ads, but are more cost-effective, The Information reportsMicrosoftis in exclusive discussions with Chevronand investment fund Engine No. 1 over a long-term agreement that would underpin a major energy complex in West Texas that would provide power to a large data center campus, Bloomberg says4. MOVERS:Target Hospitalityincreases after securing an over $550MDave & Buster'sgains afterand providing guidance for FY26Oric Pharmaceuticalslower after announcing aGevofalls afteras Chief Commercial Officer and Dave Kettner as General CounselFermideclines after securing a $156.25M5. EARNINGS/GUIDANCE:PVH, with CEO Stefan Larsson commenting, "We delivered a strong fourth quarter and finish to the year, driven by the strength of our two iconic global brands"Lamb Westonand narrowed its guidance for FY26FitLife, with EPS lower year-over-yearUniFirst, with EPS missing consensusSES AIand provided guidance for FY26INDEXES:Near midday, the Dow was up 0.93%, or 429.21, to 46,770.72, the Nasdaq was up 1.71%, or 369.46, to 21,960.08, and the S&P 500 was up 1.14%, or 74.50, to 6,603.02.