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Why Gevo Stock Was Sinking Today

TheMotleyFool

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A day after Gevo (NASDAQ: GEVO) stock was skyrocketing on news that its co-founder would join President Biden's science team, the renewable energy stock was giving up much of those gains today after it announced a direct stock offering.

As of 1:51 p.m. EST, the stock was down 18.4% on the news.

Image source: Gevo.

Source Fool.com

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