Why Renewable Energy Stock Gevo Surged Monday Morning

Renewable energy stock Gevo (NASDAQ: GEVO) soared Monday morning, gaining 12.1% in early-morning trading after the company announced a big deal with food processing giant Archer-Daniels-Midland Company (NYSE: ADM). As of 11:20 a.m. EDT, Gevo shares are trading up 5.5%.

Gevo is a renewable energy start-up that's producing low-carbon gasoline and jet fuel from feedstock like corn. Gevo's Net-Zero projects aim to produce liquid hydrocarbons using renewable sources of energy like wind, biogas, and renewable natural gas that could emit net zero greenhouse gas emissions when used in engines.

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Source Fool.com