DevvStream stock jumps 30% after $1.4 bn green fuel plant plan

DevvStream stock surged 30% premarket after its proposed merger partner, Southern Energy Renewables, announced a $1.4 billion investment. The funds will build a green methanol and aviation fuel plant in Louisiana. Construction is set for late 2027, with production targeted in late 2029. The project is expected to create 120 jobs, and the merger is expected to close in early 2026.