5 ChatGPT Penny Stock Picks

3. Gevo, Inc. (NASDAQ:GEVO)

Number of Hedge Fund Holders: 8

Renewable chemicals and biofuels company Gevo, Inc. (NASDAQ:GEVO) ranks 3rd in our list of the top ChatGPT penny stock picks. Gevo, Inc. (NASDAQ:GEVO) recently posted second quarter results. Adjusted EPS in the quarter came in at -$0.06, meeting estimates. Revenue in the quarter jumped a whopping 4000% to $4.24 million but missed estimates by $0.25 million.

As of the end of the second quarter of 2023, 8 hedge funds in Insider Monkey’s database had stakes in Gevo, Inc. (NASDAQ:GEVO). The biggest stakeholder of Gevo, Inc. (NASDAQ:GEVO) during this period was D. E. Shaw’s D E Shaw which owns a $3.2 million stake in the company.