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5:10 a.m. Aug. 21, 2020 - By Tomi Kilgore
Gevo's stock sinks on heavy volume, after share offering announcement in wake of previous day's rocket rideShares of Gevo Inc. plunged 20% in premarket leading volume Friday, after the the renewable gasoline and fuel company took advantage of a more-than tripling in price in the previous session to announced a share offering. Trading volume was 35.2 million shares ahead of the open, compared with the full-day average of 37.4 million shares. The company said it reached a deal with investors to sell 38.46 million shares at $1.30 a share, which is 28.6% below Thursday's closing price of $1.82. The stock had rocketed 232.7% on volume of 991.1 million shares on Thursday, after the company said it entered into a renewable hydrocarbons purchase and sale agreement with a Trafigura Group Pte Ltd., which brings Gevo to over $1.5 billion of revenue in long-term contracts. The stock has still lost 21.2% year to date through Thursday, while the S&P 500 has gained 4.8%.
3:08 p.m. April 23, 2020 - By Rachel Koning Beals
Michael Moore climate film snubs solar and urges population control, ruffling mainstream movement ‘Planet of the Humans’ takes a shot at the renewables market and Al Gore, gives Greta Thunberg a passBig Solar and Big Wind are now as much to blame as Big Oil for a slow reaction to climate change. Big procreators are culpable, too.
11:05 a.m. April 21, 2020 - By Rachel Koning Beals
Air quality worsens as EPA rules can’t keep up with climate change, says American Lung Association Report issued ahead of Earth Day and amid COVID-19 fight estimates that 137 million people lived with unhealthy ozone levels in recent yearsNearly 9 million more people this year than last year are breathing unhealthy air despite decades of declines in the overall amount of air pollution.
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