Gevo spent years selling investors on jet fuel. Its best quarter ever came from carbon dioxide it captures and stores underground in North Dakota. The stock closed up 30.9% on November 11. A Montreal graphene maker posted a strong quarter the same evening and watched its shares slip.
Gevo Posts Record Q3 Revenue of $83 Million, Shares Jump 31%
Gevo, Inc. (Nasdaq: GEVO) reported record third-quarter revenue of $83 million on November 10, along with net income of $23 million and adjusted EBITDA of $44 million. Wall Street had been looking for about $54.5 million in revenue. Shares closed at $1.82 the next day, up 30.9%.
The company now expects 2026 adjusted EBITDA above $90 million, up from a prior $60 million. It guided 2027 above $70 million.
One caveat matters. About $20 million of the quarter was a one-time sale of Canadian Clean Fuel Regulation credits banked from 2025 and the first half of 2026. Benzinga calculated that revenue still grew roughly 47% year over year without it.
The balance sheet is less tidy. Gevo held $67.6 million in cash at September 30 against $167.8 million in loans payable, and booked a $135.8 million impairment earlier in the year. It has contracted $70 million of federal Section 45Z clean fuel credit sales, covering substantially all of its expected 2026 credits. The jet fuel project still lacks the offtake agreements it needs to proceed.
NanoXplore Revenue Climbs 36% as Commercial Graphene Supply Begins
NanoXplore Inc. (TSX: GRA; OTCQX: NNXPF) posted first-quarter fiscal 2027 revenue of C$31.8 million, up 36%. Adjusted EBITDA swung to a positive C$714,160 from a C$1.39 million loss a year earlier, and adjusted gross margin rose to 21.7% from 17.3%. It still lost C$3.5 million on a net basis.
Graphene is the milestone. In October the company began commercial supply to its lead North American insulating foam customer with a 40-tonne order of masterbatch, a concentrated pellet blend manufacturers mix into their own plastic, at 30% graphene by weight. NanoXplore expects more than 500 tonnes this fiscal year and says the customer is on track for about 1,000 tonnes in its first full year of production.
Investors were not impressed. Shares fell about 6.5% to $1.30 after the report. Most of the growth came from the existing solutions business and a full quarter of Club Car work. CFO Pedro Azevedo estimated graphene initiatives could add roughly C$2 million to C$5 million before fiscal year-end, against reiterated full-year guidance of C$130 million to C$140 million.
Turbo Energy Adds $7.6 Million in Pamesa Battery Storage Orders
Turbo Energy, S.A. (Nasdaq: TURB), a Valencia-based storage integrator whose US listing trades as American Depositary Shares, announced €6.83 million in additional orders (about US$7.62 million) on November 10. The orders expand Pamesa Net Zero, an energy program at the Spanish plants of Pamesa Group, Europe’s largest ceramic tile maker. They add a net 51 MWh of battery storage across two new sites and expansions at existing ones, with equipment deliveries expected in the first half of 2027.
The original contract, signed in September 2025, covers roughly $53 million and 366 MWh. So far 62.5 MWh is running across three sites.
This one batch is nearly the size of the company. Turbo’s market cap was about $9 million at the November 6 close, and the stock is down about 70% over the past year. Expect sharp swings and thin trading. The company cautions that order value is not revenue for any single period, and the release does not disclose cancellation terms.
Gevo, NanoXplore, Turbo Energy: Forward-Looking FAQ
Part of it. Gevo lists the roughly $20 million of banked CFR credit revenue as a driver, along with an expected 45ZCF-GREET emissions model update it says could add more than $10 million a year in gross profit from its RNG assets, subject to third-party validation.
The company is guiding to more than 500 tonnes of masterbatch this fiscal year, up from the first 40-tonne order, and is negotiating to expand production capacity. Management still sizes graphene at C$2 million to C$5 million this year, a small slice of C$130 million to C$140 million in guidance.
Equipment deliveries are expected in the first half of 2027, and the company says recognition depends on contract terms and its accounting policies. With cancellation terms undisclosed, the full €6.83 million is not guaranteed.
Sources
- Gevo, Inc.: Form 8-K Exhibit 99.1, Gevo Reports Record Third Quarter 2026 Financial Results, November 10, 2026
- The Motley Fool: Why Gevo Stock Rocketed Higher Today, November 11, 2026
- Benzinga: Why Is Gevo Stock Gaining Wednesday?, November 11, 2026
- GlobeNewswire: NanoXplore Reports First Quarter Fiscal 2027 Results with Revenue up 36% and Begins Commercial Graphene Supply to Lead Insulating Foam Customer, November 10, 2026
- Investing.com: Earnings call transcript: NanoXplore Q1 2027 revenue beats as stock falls 6.5%, November 2026
- Defense World: NanoXplore Q1 Earnings Call Highlights, November 11, 2026
- GlobeNewswire: Turbo Energy Expands Pamesa Net Zero Contract With $7.6 Million in Additional Storage and Energy Management Orders, November 10, 2026
- Ryan O’Connell Finance: Turbo Energy S.A. (TURB) stock dashboard, market data as of November 6, 2026 close
Editorial Disclosure
Securities discussed: Gevo, Inc. (Nasdaq: GEVO); NanoXplore Inc. (TSX: GRA; OTCQX: NNXPF); Turbo Energy, S.A. (Nasdaq: TURB). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication.
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