Nucor earnings beat by $0.08, revenue fell short of estimates
Andrew Shafer, the Chief Customer Market and Brand Officer of Gevo , Inc. (NASDAQ:GEVO), recently sold 27,538 shares of the company’s common stock, totaling approximately $35,303. The shares were sold at a weighted average price of $1.282 per share. This transaction was executed on May 30, 2025, as part of a pre-arranged 10b5-1 trading plan, primarily to cover tax withholding obligations upon the vesting of a restricted stock award.
Following this transaction, Shafer holds 284,892 shares directly. Additionally, he has an indirect ownership of 9,814.49 shares through a 401(k) plan, after disposing of a small number of shares to cover administrative fees.
In other recent news, Gevo, Inc. reported its Q1 2025 financial results, revealing a revenue of $30.9 million, which fell short of the expected $31.91 million. Despite this revenue miss, the company is focusing on monetizing 45Z tax credits and expanding its alcohol-to-jet (ATJ) plant capacity. In a strategic move, Gevo has agreed to sell its subsidiary, Agri-Energy, LLC, to A.E. Innovation, LLC for $7 million, a transaction expected to save Gevo about $3 million annually. H.C. Wainwright maintained a Buy rating on Gevo, with a price target of $14, highlighting the sale as a positive step due to cost savings and retained assets for future opportunities. Additionally, Gevo announced the appointment of Oluwagbemileke (Leke) Agiri as its new Chief Financial Officer, succeeding L. Lynn Smull. Agiri has been with Gevo since August 2022, contributing significantly to the company’s financial strategy. These developments underscore Gevo’s strategic initiatives aimed at improving financial performance and exploring future growth opportunities.
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