best penny stocks to buy right now_

Best Penny Stocks To Buy [or avoid] Right Now #3: Gevo Inc.

Gevo Inc. (GEVO Stock Report) has been on our list of penny stocks for months. It’s one of the “ESG stocks” to watch. ESG stands for “Environmental, Social, and Governance.” The basic idea behind it is in support of companies that leave a positive impact on those specific areas of interest. How Gevo falls into the category has everything to do with its business model.

The company itself also holds 118 patents and patent applications directed to its technologies and specific methods & products. Peak Value IP LLC conducted an independent valuation of the company’s IP portfolio earlier this year. The firm yielded an indication of investment valuation of $412 million using its “Income Approach”.

Gevo focuses on renewable hydrocarbons. Over the last few months, it has continued inking deals with several companies and it has added up. Through its deal with Trafigura it brought Gevo “to over $1.5B of revenue in long term contracts when added to the other contracts we have in place” according to the company.

Since spiking in August and pulling back in September, the recent trend in renewable and alternative energy stocks has taken hold in October. The last 2 weeks have seen GEVO stock climb over 30% so far. It’s also worth mentioning that in sympathy with this energy stock trend, we’ve also seen the likes of CBAK Energy Technology Inc. (CBAT Stock Report) and Sunworks Inc. (SUNW Stock Report) begin trading higher during the afternoon session on Thursday. These have both been other energy stocks we’ve discussed a number of times in the past few months.

top penny stocks to buy avoid Gevo Inc. (GEVO stock chart)

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