Gevo falls after withdrawing DOE loan application
16/04/2026 11:48
** Shares of Gevo Inc GEVO.O down 9.5% to $1.81 premarket ** The renewable fuels firm says it has withdrawn its loan guarantee application with the U.S. Department of Energy for its sustainable aviation fuel (SAF) plant ** Adds that it is now pursuing alternative funding, saying talks with Office of Energy Dominance Financing showed enhanced oil recovery requirement was not yet commercially viable and other financing options were a better fit ** Average rating of 5 analysts on GEVO is a "buy"; median PT at $3.75 - data compiled by LSEG ** Stock flat YTD, as of last close (Reporting by Tharuniyaa Lakshmi in Bengaluru) ((tharuniyaa@thomsonreuters.com))