GEVO

 Gevo's stock saw a significant rise on September 13, 2024, primarily due to the company's announcement of a key acquisition. Gevo is acquiring Red Trail Energy’s ethanol production plant and associated carbon capture and sequestration (CCS) assets. This $210 million deal strengthens Gevo's renewable energy portfolio by adding 65 million gallons of low-carbon ethanol production and a facility capable of sequestering 160,000 metric tons of carbon annually, with the potential for future expansion. This acquisition is expected to accelerate the company's path to profitability and bolster its position in the sustainable aviation fuel (SAF) market.

Additionally, the acquisition aligns with Gevo’s broader strategy to enhance its sustainable fuel production and carbon capture capabilities. The market responded positively to this news, resulting in a stock price increase of about 30% on the day​