5 Best Algae and Biofuel Stocks To Buy

In this article, we will take a look at the 5 best algae and biofuel stocks to buy. To see more such companies, go directly to 12 Best Algae and Biofuel Stocks To Buy.

5. Gevo, Inc. (NASDAQ:GEVO)

Number of Hedge Fund Holders: 15

Gevo, Inc. (NASDAQ:GEVO) ranks 5th in our list of the best algae and biofuel stocks to buy now. Gevo, Inc. (NASDAQ:GEVO) makes bio-based alternatives to traditional energy products. Gevo, Inc. (NASDAQ:GEVO)’s processes ensure to give high-protein animal feed the lowest carbon levels in its life-cycle inventory (LCI). Gevo, Inc. (NASDAQ:GEVO) also makes high-protein animal feed and a full range of energy-dense liquids. Analysts believe there have been some positive developments in Gevo, Inc. (NASDAQ:GEVO) which points to solid growth in 2023. Gevo, Inc. (NASDAQ:GEVO)’s renewable gas plant in northwest Iowa is now producing biogas. The project consists of three dairy farms with over 20,000 milking cows.  In the summer of 2021, Gevo, Inc. (NASDAQ:GEVO) made headlines after it signed an agreement with American Airlines (AAL) to supply 100 million gallons of sustainable aviation fuel (or SAF) for five years.

Hedge funds are piling into Gevo, Inc. (NASDAQ:GEVO). As of the end of the third quarter, 15 hedge funds had stakes in Gevo, Inc. (NASDAQ:GEVO), compared to just 4 funds in the previous quarter. This shows a sharp increase in hedge fund sentiment for Gevo, Inc. (NASDAQ:GEVO).