Why Renewable Energy Stock Gevo Is on Fire Today

Shares of renewable energy company Gevo (NASDAQ: GEVO) surged Tuesday morning, jumping by as much as 22% in early trading before moderating back to a gain of about 7% as of 11:50 a.m. ET. The biofuel company just bagged its biggest deal ever, and investors are getting more excited about its prospects.

The green energy start-up uses renewable feedstocks like corn to produce liquid hydrocarbons that can be refined into jet fuel and gasoline. Gevo says its biofuels are net-zero emitters of greenhouse gas, and those products appear to be finding more takers.

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Source Fool.com