Gevo Soars 30.9% on Strong Q3 2026 Results

Gevo's stock experienced a significant jump of 30.9% today, closing at $1.82. This surge followed the company's announcement of its third-quarter 2026 financial results, which notably outperformed analyst expectations. The company's performance was bolstered by its carbon business, which reached a new high.

In the third quarter of 2026, Gevo reported revenues of $83 million, surpassing the $54.5 million anticipated by analysts. The company also posted adjusted earnings per share of $0.12, exceeding the expected $0.02. Furthermore, Gevo set new company records for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) at $44 million and cash from operations at $41 million.

Chief Executive Officer Paul Boom highlighted the success of their carbon business, stating it has achieved its standalone goals for 2026. Based on these strong results, Gevo has raised its 2026 adjusted EBITDA forecast from $60 million to $90 million.

Gevo is involved in developing technology for renewable products, including motor fuels and chemicals, and operates an ethanol plant with carbon capture and storage facilities. The stock is currently trading at 1.5 times trailing sales, a discount to its five-year average. However, potential investors should note the company's limited track record of consistent profitability.