Gevo Added to Russell 2000(R) Index
ENGLEWOOD, Colo., Apr 01, 2011 (BUSINESS WIRE) -- Gevo, Inc. (NASDAQ: GEVO), a renewable chemicals and advanced biofuels company, today announced that the company has been added to the Russell 2000(R) Index, as part of Russell's quarterly IPO additions that took place on March 31, 2011, following the close of the market.
The Russell 2000(R) Index, a subset of the Russell 3000(R) Index, measures the performance of the small-cap segment of U.S. equities. Membership in the Russell 2000 also means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
About Russell Indexes
The Russell family of U.S. indexes is designed to be a comprehensive representation of the investable U.S. equity market and is reconstituted annually mid-year. Russell's U.S. indexes capture the 4,000 largest U.S. stocks, ranking them by total market capitalization. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4 trillion in assets are benchmarked to the Russell indexes as of December 31, 2009.
Gevo is developing capital efficient biorefinery systems to provide renewable, cost-effective building block products to the chemical and fuel industries. The Company seeks to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a "drop in" basis into existing chemical and fuel products to deliver environmental and economic benefits. Gevo is committed to a sustainable biobased economy that meets society's needs for plentiful food and clean air and water. For more information, visit www.gevo.com.
SOURCE: Gevo, Inc.