Gevo Inc. (NASDAQ: GEVO) saw a significant after-hours surge of 44%, trading at $1.80 following a challenging Q2 earnings report.
The biofuels producer reported a substantial year-over-year revenue increase to $43.41 million from $5.26 million, despite missing the expected $50.78 million. Earnings improved to $0.01 per share from a $0.09 loss last year.
During regular trading, GEVO fluctuated between $1.18 and $1.26, ending the day at $1.25 with a volume of 3.94 million shares.
