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Why Gevo Stock Is Jumping Today

TheMotleyFool

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Renewable energy stock Gevo (NASDAQ: GEVO) popped Tuesday morning, gaining 13% as of 10:35 a.m. An analyst believes the shares could almost double from here.

Stifel has initiated coverage on Gevo, giving it a buy rating with a price target of $10. With shares trading just short of $5.25 when Stifel's research note came out, the stock was bound to fly high today.

Stifel is optimistic about three things at Gevo:

Source Fool.com

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