- Gevo (GEVO +22.1%) rallies off four-month lows after reporting Q1 results and CEO Patrick Gruber said FEED engineering work on the company's renewable natural gas plant in Iowa is "going well and is on schedule."
- Gruber said he expects the RNG plant will come online in 2022 and generate $9M-$16M of cash annually for Gevo beginning in late 2022.
- Q1 adjusted net loss was $0.05/share, compared with a $0.59/share loss in the prior-year quarter.
- Q1 adjusted EBITDA showed a $7.8M loss, compared with a $6.2M loss a year earlier.
- Gevo ended Q1 with cash and equivalents of $525.3M, vs. $78.3M at the end of Q4 2020.