Gevo (GEVO) Stock Heads For The Top After Regaining NASDAQ Compliance

Gevo Inc GEVO Stock News

Gevo Inc (NASDAQ: GEVO) is running for the top in the market this morning, beginning a recovery from recent profit-taking-led declines. The gains come after the company announced that it has regained NASDAQ compliance. Here’s what’s going on:

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GEVO Stock Climbs On Compliance News

In the press release, GEVO announced that it has regained compliance with the NASDAQ. The company said that the NASDAQ Stock Market LLC notified it that it has regained compliance with the minimum bid price rule.

The letter noted that as of September 2, 2020, the company’s closing price exceeded $1.00 per share for a period of at least ten consecutive days. As a result, GEVO is back in compliance and no longer faces potential delisting.

This is overwhelmingly positive news. After all, listing on the NASDAQ helps to maintain strong liquidity and investor interest.

There’s More To Be Excited About

This isn’t the only recent news out of GEVO. Most notably, the company signed long term agreements that are expected to drive more than $1.5 billion in revenue. This goes to show just how important Gevo’s work is.

The fact of the matter is that the world is working to reduce its carbon footprint. This includes the use of solar, wind and other forms of clean energy. With the burning of fossil fuels being a major driver of increasing greenhouse gasses, Gevo’s clean fuels are likely to see heavy demand ahead.

At the end of the day, the story here is simple. The world is shifting to clean energy, and GEVO has the fuel the world needs. This has led to a long-term agreement worth more than 15 times the company’s market cap and will continue to lead to huge sales, setting the stage for tremendous gains ahead.

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