This post was originally published on this site
Governments around the globe have been taking steps to transition the countries’ economies to a renewable-energy-driven sustainable future. While several advances are being made in solar and wind energy, among other renewable energy sources the demand for biofuel has been growing due to its applicability in the road transportation market. Biofuels are expected to help lessen dependence on fossil fuels significantly. According to a Market Research Future report, the biofuel market is expected to grow at a 7.81 CAGR to $245.48 billion in 2027. As a result, both GPP and GEVO could benefit.
GPP’s shares have gained 51.7% over the past year, while GEVO’s returned 896.6%. Also, GEVO’s 446.7% gains over the past nine months are significantly higher than GPP’s 37.8% returns. However, in terms of year-to-date performance, GPP stock is the clear winner with 43.9% gains versus GEVO’s 37.7%.
