Shares of Gevo, Inc. (GEVO) are gaining about 8 percent on Monday morning trading over its plans for a potential expansion at the site of its Gevo North Dakota facility, with the addition of a second ethanol production facility with targeted production capacity of up to 75 million gallons per year of low-carbon ethanol.
The company's shares are currently trading at $2.75 on the Nasdaq, up 8.93 percent. The stock opened at $2.5480 and has climbed as high as $2.7550 so far in today's session. Over the past year, it has traded in a range of $0.92 to $2.95.
The company expects the project to solidify its leadership position to supply the growing demand for low-carbon ethanol, both domestically and internationally.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.