Northland Affirms Outperform Stance on Gevo, Inc. (GEVO) on Low-Carbon Renewable Fuels Prospects

Gevo, Inc. (NASDAQ:GEVO) is one of the best multibagger penny stocks to buy right now. On December 1, analysts at Northland initiated coverage of Gevo, Inc. (NASDAQ:GEVO) with an Outperform rating and a $3 price target.

The research firm remains confident about the company’s long-term prospects, as it continues to strengthen its position as a low-carbon renewable fuels producer. The company boasts of an ethanol plant with collocated carbon capture and sequestration capabilities. According to the research firm, the commercialization of Alcohol-to-Jet Sustainable Aviation Fuel technology also affirms the company’s growth prospects.

Meanwhile, on December 15, Gevo announced a strategic leadership transition as it seeks to position itself for continued growth and innovation. Dr. Paul Bloom will take over as the company’s Chief Executive Officer on April 1, 2026, succeeding long-standing Chief Executive Officer and board member, Dr. Patrick Gruber. Dr. Bloom has reiterated his commitment to taking the company to the next phase of critical growth once he takes over as CEO.

“Our team is committed to delivering cost-effective fuels, chemicals, and carbon management solutions that create value for our customers and shareholders. Pat’s vision and dedication have established Gevo as a global leader in our industry. My focus will be on increasing profitability from our active businesses while leveraging our technology, business system, and intellectual-property portfolio to accelerate Gevo’s growth,” said Dr. Bloom.

Gevo, Inc. (NASDAQ:GEVO) is a renewable chemicals and advanced biofuels company that creates low-carbon, sustainable alternatives to petroleum-based products, using bio-based feedstocks like corn to produce fuels (jet fuel, gasoline components, diesel) and chemicals (plastics precursors) while also generating protein for the food chain and renewable natural gas (RNG).

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Disclosure: None. This article is originally published at Insider Monkey.