Investors seem to be ignoring this stock. Not for long, as I see it. Take a look at this!!!
Gevo (NASDAQ:GEVO) has developed an important, new technology that’s going to become an important part of our economy: sustainable airlines fuel.
I used to be skeptical about Gevo, but as the company has kept the massive, new deals with airlines rolling in, I’ve become a real believer in the company and in GEVO stock. Just in the last several weeks, Gevo has announced two, new, impressive agreements with major airlines. Further, the company is starting to sign deals with airlines in many different parts of the world, showing that it’s becoming a true international player in the SAF space.
Specifically, on Nov. 2 the company unveiled a 6 million gallon per year, five-year agreement with Iberia Airlines that Gevo says is going to be worth a total of $165 million. On Oct. 25, Qatar Airways got into the act, as Gevo announced that the Middle Eastern airlines would purchase 5 million gallons of SAF from it starting in 2028.
“The agreement with Qatar…. supports Gevo’s efforts in pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030,” Gevo stated in conjunction with the announcement.
And on Oct. 10, the company reported that it “has approximately 375 million gallons per year of…SAF and hydrocarbon fuel supply agreements” that should bring its annual revenue to about $2.3 billion.
Yet the stock’s market capitalization is only $444.46 million. Given the company’s projected annual revenue total and many airlines’ apparent devotion to spending a great deal of money on SAF, GEVO is an excellent tech stock to buy now.
