Gevo stock is trading at $2.2650 as of 01:08 PM EDT.
Gevo (NASDAQ:GEVO) rose 3.3% in pre-market trading on Tuesday after announcing that Qatar Airways will buy 5 million gallons of sustainable aviation fuel from the company for the next five years. Gevo (NASDAQ:GEVO) says that under the terms of the agreement, SAF will start to be sent to several airports in California in 2028. The agreement is contingent on a number of things, including Gevo’s ability to develop, finance, and build one or more facilities to manufacture the fuel.
According to the company, the partnership with Qatar will make Gevo’s sustainable fuel products more available around the world and help Gevo achieve its goals. This involves producing and commercializing a billion gallons of SAF by 2030. The company said that its planned project on Lake Preston in South Dakota is going as planned, and the first shipments of SAF are expected in 2025.
Other Gevo stock news
Gevo (NASDAQ:GEVO) said that by switching from the original isobutanol-to-SAF and isooctane-to-SAF designs to an ethanol-to-SAF design, production expectations had been raised. This is expected to make NZ1’s EBITDA between $300 million and $325 million per year, which is 56% more than the previous midpoint estimate of $200 million per year. The company added that the output of its renewable natural gas project in Iowa is still increasing. Starting in 2023, the RNG Project should start making between $16 and $22 million in project EBITDA each year.
Earnings release
Gevo, Inc. is expected to report its next earnings on November 8, 2022. At this time, investors will be looking for the company to be strong. According to analysts, Gevo, Inc. is anticipated to announce earnings of-$0.07 per share in that report. No change from the same time last year would be indicated. Our most current consensus estimate predicts quarterly revenue of $0.6 million, up 325% from the prior quarter.
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Author Jowi Kwasu 
