Latest news with #greenenergy
Yahoo
7 hours ago
- Business
- Yahoo
Gevo Inc. (GEVO) Inks $22M Tax Credit Transfer Agreement
Gevo, Inc. (NASDAQ:GEVO) is one of the best green energy penny stocks to buy right now. On June 30, the company's subsidiary, Gevo Intermediate Hold Co, LLC, entered into a Tax Credit Transfer Agreement with a bank. The agreement is for the supply of $22 million worth of Clean Fuel Production Credits from ethanol production in 2025. The bank in question has also obtained additional rights, including the right of first offer for up to $20 million of extra 2025 credits and the right of first refusal on all 2026 credits. The deal provides near-term funding for Gevo while preserving shareholder value without issuing equity or debt. The $22 million credit deal hinges on successful ethanol output by year-end, making it credit-positive. The $5 million in immediate proceeds should strengthen the company's liquidity position, as the $22 million in contracted 2025 credits validate credit market demand. Gevo, Inc. (NASDAQ:GEVO) is a renewable chemical and advanced biofuel company focused on developing and commercializing sustainable alternatives to petroleum-based products. As one of the best green energy companies, it utilizes renewable resources, such as carbohydrates from plants, to produce energy-dense liquid hydrocarbons for transportation fuels, including gasoline, jet fuel, and diesel. While we acknowledge the potential of GEVO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
7 hours ago
- Business
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BMO Capital Affirms Market Perform on Lithium Americas (LAC) amid Thacker Pass Project Progress
Lithium Americas Corp. (NYSE:LAC) is one of the best green energy penny stocks to buy right now. On June 20, BMO Capital reiterated a 'Market Perform' rating on the stock and a $3.50 price target. The research firm remains optimistic about the company's long-term prospects, as the Thacker Pass Project remains on track. A close up image of a technician changing a battery cell in a lithium-based battery. The large lithium mining and processing operation in Nevada is in the early stages of development. Labor requirements are the key risk factor as Lithium Americas must increase staffing to accelerate the Thacker Pass Project development. Lithium Americas remains optimistic about securing its first Department of Energy load drawdown in the third quarter as part of its partnership with General Motors (NYSE:GM). The drawdown should strengthen the company's financial position and provide access to much-needed capital to accelerate the development of the Thacker Pass Project. Lithium Americas Corp. (NYSE:LAC) is focused on the development of the Thacker Pass project in Nevada. The project aims to produce battery-grade lithium carbonate, to contribute to a domestic lithium supply chain. While we acknowledge the potential of LAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
7 hours ago
- Business
- Yahoo
NextNRG (NXXT) Targets $75M Capital Injection
NextNRG Inc. (NASDAQ:) is one of the best green energy penny stocks to buy right now. On July 3, the company announced an at-the-market sales agreement with ThinkEquity LLC, H.C. Wainwright & Co., LLC, and Roth Capital Partners, LLC. Under the terms of the contract, the company is to offer its shares of common stock to the public. An aerial view of a solar power plant, the sun's rays illuminating the surrounding landscape. The company is targeting up to $75 million from the offering. The sales agents are tasked with using all commercially available efforts to sell NextNRG shares at any specified price, time, and size limits. In return, the company is to pay the agents a fixed commission rate of 3% of the gross proceeds. The offering comes on the heels of NextNRG's acquisition of ReFuel Mobile, a Canadian mobile refueling company. The acquisition marks the company's first international expansion and is expected to close on August 1. NextNRG Inc. (NASDAQ:NXXT) is a provider of renewable energy and mobile fueling solutions. It develops and deploys integrated energy systems, including solar power generation, battery storage, wireless EV charging, and on-demand fuel delivery. While we acknowledge the potential of NXXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
7 hours ago
- Business
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Wolfspeed (WOLF) Refreshing Management Team to Revitalize Growth
Wolfspeed, Inc. (NYSE:WOLF) is one of the best green energy penny stocks to buy right now. On July 7, the company confirmed the appointment of Gregor van Issum as Chief Financial Officer, effective September 1, 2025. A fleet of electric light vehicles recharging their batteries in a parking lot. The appointment comes at a time when the company is facing significant financial challenges. Nevertheless, Van Issum will join with over 20 years of experience in the semiconductor industry and is expected to play a role in revitalizing the company's fortunes. 'My priority will be providing Wolfspeed's investors with transparency and clarity, especially during this transformative period,' van Issum said. The appointment coincides with the addition of Dr. David Emerson, who took over as Chief Operating Officer in May. Wolfspeed is increasingly refreshing and bolstering its management team as it looks to unlock new growth opportunities. Wolfspeed, Inc. (NYSE:WOLF) is a semiconductor company that specializes in silicon carbide technologies used in various applications, including power modules and discrete power devices. Its products are used in multiple applications, including electric vehicles and renewable energy. While we acknowledge the potential of WOLF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
7 hours ago
- Business
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ChargePoint (CHPT) Plans 1-for-20 Reverse Split to Regain NYSE Compliance
ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the best green energy penny stocks to buy right now. CHPT announced on July 9 that it will initiate a 1-for-20 reverse stock split, effective at 12:01 a.m. ET on July 28, 2025. Approved by shareholders and its governance committee, the move aims to raise the share price above $1.00 to meet NYSE's compliance standards after a prior notice of deficiency in February 2025. A businessman plugging in to a public charging station, symbolizing the services provided by the company. Following the split, outstanding shares will shrink from ~467 million to ~23.4 million, with proportional adjustments to equity awards, warrants, and convertible notes. No fractional shares will be issued, and holders will receive cash in lieu. CHPT's ticker remains unchanged, though its CUSIP will be updated. Broker-held shares will adjust automatically, while registered shareholders will receive details via the transfer agent. ChargePoint Holdings, Inc. (NYSE:CHPT) operates one of the world's largest electric vehicle (EV) charging networks. It provides charging solutions for individuals, businesses, and fleets. While we acknowledge the potential of CHPT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
