Gevo Inc (GEVO): Gevo's (GEVO +17.5%) plan to repurchase...

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Gevo Inc (GEVO)

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Wednesday, 01/02/2013 3:24:21 PM

Wednesday, January 02, 2013 3:24:21 PM

Gevo's (GEVO +17.5%) plan to repurchase as much as $15M of its stock this year may be a sign the company is making progress in its efforts to resume production of isobutanol at its Minnesota plant. Gevo's job now is to "regain a bit of credibility after the snafu they had in production," a Piper Jaffray analyst says. "This may be the first sign things are starting to move in the right direction."

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