Why Gevo Stock Skyrocketed 139% in January

Shares of Gevo (NASDAQ: GEVO) continued to soar last month as the renewable fuel company gained on optimism about the Biden administration's green energy policies and as it took steps forward in its new Net-Zero 1 project in South Dakota. Following a breakout in December after announcing the new project in South Dakota, Gevo shares continued to gain last month. In a press release, the company said the project would convert renewable energy sources into conventional liquid fuel products like gasoline and jet fuel.