Gevo's (GEVO +17.5%) plan to repurchase as much as $15M of its stock this year may be a sign the...

|By:, SA News Editor

Gevo's (GEVO +17.5%) plan to repurchase as much as $15M of its stock this year may be a sign the company is making progress in its efforts to resume production of isobutanol at its Minnesota plant. Gevo's job now is to "regain a bit of credibility after the snafu they had in production," a Piper Jaffray analyst says. "This may be the first sign things are starting to move in the right direction." (also)