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Why Gevo Stock Surged Today

Why Gevo Stock Surged Today

H.C. Wainwright analyst Amit Dayal reiterated his buy rating on Gevo's stock and boosted his price forecast from $5 to $18. Gevo's shareholders could be in store for handsome gains, according to an H.C. Wainwright analyst. Dayal noted that the cash Gevo raised from its $350 million stock offering in late January will bolster its ability to complete the build-out of its new Net-Zero 1 renewable energy project in South Dakota.