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Benzinga

Business

Mohd Haider

BIZARRE: Gevo shares skyrocket 65 after hours on strong q2 results - What They Never Told You

Hand,Holding,Growth,Business,Strategy,Arrow,Concept,On,Success,Target

Gevo Inc. (NASDAQ:GEVO) stock experienced a 65.6% surge during after-hours trading on Monday. The company’s stock soared to $2.07 per share, up from a closing price of $1.25, according to Benzinga Pro data.

What Happened: The surge in stock followed the release of Gevo’s second-quarter financial results. The Colorado-based renewable company reported a positive net income of $2.1 million and achieved a positive adjusted earnings before interest, taxes, depreciation, and amortization $17 million for the second quarter.

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