Why Gevo Stock Is Flying Today
Renewable fuels stock Gevo (NASDAQ: GEVO) popped in afternoon trading Monday and is up an astounding 13.6% as of 2:50 p.m. EST.
Why is Gevo stock up? This morning, the company announced a new "Net-Zero Projects" concept for producing "energy dense liquid hydrocarbons using renewable energy." Under the concept, Gevo says it will take renewable energy produced from solar, wind, or other power sources and use it to transform crops into transportable liquid fuel, with the by-product being only "high protein feed products for use in the food chain."
Thus, even burning the fuel will add no net carbon to the atmosphere, because carbon would have first been taken out of the atmosphere to create the fuel, and the combustion would simply be putting that carbon back where it was in the first place.
Source Fool.com
