Northland names ‘underappreciated’ Gevo a Top Pick for 2026

Northland says Gevo (GEVO) is a Top Pick for 2026 as the firm thinks it is underappreciated for the meaningful change in financial profile and outlook. The acquisition of its low-carbon ethanol assets in Q1 2025 transformed Gevo from consistent adjusted EBITDA losses to a solid adjusted EBITDA generator with a path to over $100M of adjusted EBITDA, the firm notes. Also, its sustainable aviation fuel project could have positive news in 2026, making Gevo an underappreciated story, in Northland’s view. The firm has an Outperform rating on the shares with a price target of $3.