Gevo (GEVO) Stock Slumps 50% From The Peak: Time to Buy?
4:55 pm Friday, May 28th, 2021
In recent years, more and more investors are rushing to ESG (environmental, social and governance) stocks in a big way due to the considerable possibilities in the future.
One can even say that it is even fashionable to own a few such stocks in a portfolio. Investors who are currently on the lookout for such stocks could consider looking into Gevo (NASDAQ:GEVO). Earlier on in 2021, the stock had been in considerable favor among investors and had ended up clocking significant gains. However, in February that bull run ended and the stock soon came back down to earth.
That being said, it is also necessary to point out that investors who are looking for value in the ESG space might actually see a significant opportunity in the Gevo stock. At the end of the day, ESG stocks are not expected to suddenly go out of favor among investors in 2021.
That being said, Gevo might not be the stock to look into if one is interested in investing in environmental stocks right now. In this regard, a closer look at the journey of the Gevo stock price might be important. At one point last year, the stock was trading at less than a dollar.
However, following a remarkable rally, the stock went up to as much as $15.57 a share on February 12 this year. Since then it has struggled and is now trading at $7.93 a share. The company is involved in drop-in gasoline and other varieties of hydrocarbons that are known to record net zero emissions.
The premise of the company’s product is the creation of a fuel source that can then be ‘dropped in’. In this regard, it should be noted that the company boasts of a massive intellectual property portfolio that consists of as many as 595 patents as well as applications.
