Gevo Inc (NASDAQ: GEVO) is screaming for the top in the market this morning, following up on the dramatic gains that the stock has seen as of late. While the company hasn’t issued any news, there’s good reason for the excitement surrounding GEVO stock. Here’s what’s going on:
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Here’s Why GEVO Stock Is Up
Well, the gains have a lot to do with a coming change in tides in the energy sector. Recently, it was announced that Joe Biden will be the next President of the United States, and as is always the case, a new president has implications across various sectors.
In terms of a Biden presidency, the most important sector to pay attention to is the energy sector. Throughout the past several years, Joe Biden has been clear on his views surrounding the need to change the way we look at energy and transportation, and we need to do it qucikly. Citing the damage the burning of fossil fuels is having on the global environment, Biden has been pushing for the United States and the rest of the world to use clean energy alternatives, which bodes very well for GEVO.
Keep in mind, the company is an alternative fuels company. Instead of focusing on the development of fossil fuels, Gevo uses renewable feedstocks to produce clean, renewable fuels that are currently being used in off road vehicles ranging from four wheelers to boats and airplanes.
GEVO & Other Clean Energy Companies Will Benefit Greatly
Keep in mind, Joe Biden is the elected leader of the free world. With his strong views in terms of clean energy, we’re likely to see quite a few perks come down the line for companies and consumers who participate in this space. As a result, moving forward, Gevo will likely have access to:
- Tax cuts provided to companies that operate in the clean energy industry;
- grants offered to companies that are focused on the develpment or perfection of new technologies in the clean energy space;
- increased demand as a result of tax cuts to consumers who take advantage of clean energy products and services; and
- a push by the leader of the free world toward other countries to take advantage of clean energy products and services, ultimately increasing global demand.
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The Bottom Line
The bottom line surrounding Gevo is simple. The comapny is at a pivotal point. For several years, the company has been working on developing and perfecting a process to produce quality fuels from feedstock like wood, rather than liquified fossils, also known as oil.
Now, a new leader of the free world will be stepping into the white house, making changes as he sees fit. With this new leader being Joe Biden, there are likely to be several changes put into place surrounding clean energy and fuels. This is where GEVO will shine. So, it’s no surprise to see that investors are sending the stock through the roof.
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