10 Best Penny Stocks That Could Triple Your Money

7. Gevo Inc. (NASDAQ:GEVO)

Gevo Inc. (NASDAQ:GEVO) is one of the 10 best penny stocks that could triple your money.

On March 19, Gevo Inc. (NASDAQ:GEVO) announced it is delivering sustainable fuels to global motorsports. Through the production and sale of its patented, unique racing fuel blendstock, the company generated $5 million in revenue in 2025. Global motorsports initiatives to use sustainable fuels continue with the start of the 2026 racing season, while MotoGP hopes to use 100% non-fossil fuels by 2027.

The 2026 Formula One season also began with drivers using cutting-edge sustainable fuel. IndyCar is still dedicated to using renewable fuels, while NASCAR has added zero-carbon bioethanol as a blending component.

Back on February 11, Gevo Inc. (NASDAQ:GEVO) announced the closing of a refinancing transaction aimed at simplifying its capital structure. The company redeemed about $68 million in bonds tied to its renewable natural gas unit, freeing up over $35 million in restricted cash without increasing overall debt. It also secured a $175 million loan facility with Orion Infrastructure Capital and a $20 million revolving credit line with Huntington National Bank to support working capital needs.

Gevo Inc. (NASDAQ:GEVO) works on abating carbon, providing different kinds of fuel, specific items for the food chain, hydrocarbons for gasoline, and plastic material. It is also engaged in the development, construction, and operation of Alcohol-to-Jet initiatives. Its GevoRNG segment works on converting methane emissions into renewable natural gas, whereas the Verity platform works on different sections of the supply chain.