Why Gevo Stock Rocketed Higher Today

Detailed summary

Outpacing the 1.3% rise in the S&P 500, shares of Gevo (NASDAQ:GEVO) soared today following the company's reporting of third-quarter 2026 financial results after the market closed…

Outpacing the 1.3% rise in the S&P 500, shares of Gevo (NASDAQ:GEVO) soared today following the company's reporting of third-quarter 2026 financial results after the market closed yesterday. Between that and an analyst taking a more auspicious stance on the specialty chemicals stock, bulls had plenty of fodder to feast upon.

Gevo shares closed at $1.82 today, up 30.9% from Tuesday's close of $1.39.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Posting Q3 2026 sales of $83 million, Gevo exceeded analysts' expectations of $54.5 million. The company's Q3 2026 sales, driven by the strength of its carbon business, represented a new high-water mark. At the bottom of the income statement, Gevo provided another surprise, reporting adjusted earnings per share (EPS) of $0.12 -- better than the $0.02 analysts had anticipated.

In Q3 2026, Gevo also reported company records for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and cash from operations: $44 million and $41 million, respectively.

Heralding the company's strong performance, Gevo's chief executive officer Paul Boom stated: "We said we would build a carbon business that stands on its own in 2026. These results show it's working."

Gevo also raised its 2026 adjusted EBITDA forecast to $90 million from $60 million.

In addition to developing technology to produce various renewable products, including motor fuels and chemicals, Gevo owns and operates an ethanol plant with an adjacent carbon capture and storage facility.

Trading at 1.5 times trailing sales, Gevo stock is available at a discount to its five-year average P/S ratio of 8.3. Prospective investors should recognize, however, that the company doesn't have a long track record of generating profits, so the stock is…

Opening of the article, excerpted from Yahoo Finance. To read the rest, open the article on the publisher's site.