Fervo Energy Company (FRVO)
| Market Cap | 2.58B |
| Revenue (ttm) | 312,000 -30.7% |
| Net Income | -144.53M |
| EPS | -3.12 |
| Shares Out | 294.76M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,944,570 |
| Open | 8.26 |
| Previous Close | 7.79 |
| Day's Range | 7.99 - 8.80 |
| 52-Week Range | 7.64 - 42.65 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 34.07 (+288.93%) |
| Earnings Date | Nov 9, 2026 |
About FRVO
Fervo Energy Company builds, owns, and operates geothermal power facilities in the United States. Fervo Energy Company was incorporated in 2017 and is headquartered in Houston, Texas.
Financial Performance
Financial StatementsAnalyst Summary
According to 15 analysts, the average rating for FRVO stock is "Strong Buy." The 12-month stock price target is $34.07, which is an increase of 288.93% from the latest price.
News
Fervo Energy initiated with a Buy at Needham
Needham analyst Sean Milligan initiated coverage of Fervo Energy (FRVO) with a Buy rating and $17 price target Fervo leads next-generation geothermal contracting with 1,054 megawatts of binding agreem...
Fervo Energy Company (FRVO) Scrutinized in New Report Questioning Geothermal Narrative, Stock Closes 46% Below IPO
SAN FRANCISCO, Oct. 30, 2026 /PRNewswire/ -- Fervo Energy Company (NASDAQ: FRVO) faces renewed scrutiny amid an October 6, 2026 report published by investigative research firm Morpheus Research in whi...
Fervo Energy to Report Third Quarter 2026 Results on November 9, 2026
HOUSTON, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (“Fervo” or the “Company”) (NASDAQ: FRVO), a global pioneer of next-generation geothermal energy, today announced that it will release third qua...
Fervo Energy initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Devin McDermott initiated coverage of Fervo Energy (FRVO) with an Overweight rating and $23 price target Fervo is an enhanced geothermal systems pure play with “a visible…
Fervo Energy Co put volume heavy and directionally bearish
Bearish flow noted in Fervo Energy (FRVO) Co with 12,669 puts trading, or 7x expected. Most active are Nov-26 7.5 puts and Nov-26 10 puts, with total volume in those…
JPMorgan cuts Fervo Energy target, removes from Analyst Focus List
JPMorgan analyst Mark Strouse lowered the firm’s price target on Fervo Energy (FRVO) to $27 from $38 and keeps an Overweight rating on the shares. JPMorgan also removed Fervo Energy…
Fervo Energy Invites Investors to See the World's First Commercial Greenfield Enhanced Geothermal Deployment
HOUSTON, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced that it will host an investor open house at Cape Station ...
Fervo Energy Company (FRVO) Scrutinized in New Report Questioning Geothermal Narrative, Stock Closes 46% Below IPO - HBSS
SAN FRANCISCO, Oct. 8, 2026 /PRNewswire/ -- Fervo Energy Company (NASDAQ: FRVO) faces renewed scrutiny amid an October 6, 2026 report published by investigative research firm Morpheus Research in whic...
Fervo Energy Launches Ground Truth, a Six-Part Podcast on the Creation of America's Leading Next-Generation Geothermal Company
From a Stanford class project to a $2.2 billion Nasdaq IPO, the series tells the Fervo story through the people who lived it – beginning with Episode One, available now From a Stanford class project t...
Fervo Energy Company (FRVO) Faces Investor Scrutiny Amid Post-IPO Transmission Curtailment Revelation – HBSS
SAN FRANCISCO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- During Fervo Energy Company's (NASDAQ: FRVO) August 12, 2026 Q2 2026 earnings call, the company revealed that it expected a temporary shutdown of certa...
Fervo announces first power plant at Cape Station reach commercial operation
Fervo Energy (FRVO) announced that its first power plant at Cape Station in Beaver County, Utah, has reached commercial operation, making it the first greenfield enhanced geothermal development in the...
Fervo Energy Declares Commercial Operation at Cape Station Ahead of Schedule, Leading the Race for Next-Generation Geothermal Energy
HOUSTON, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced that its first power plant at Cape Station in Beaver Coun...
Fervo Energy Company (FRVO) Faces Investor Scrutiny Amid Post-IPO Transmission Curtailment Revelation - HBSS
SAN FRANCISCO, Sept. 29, 2026 /PRNewswire/ -- During Fervo Energy Company's (NASDAQ: FRVO) August 12, 2026 Q2 2026 earnings call, the company revealed that it expected a temporary shutdown of certain ...
Fervo Energy price target lowered to $30 from $36 at BofA
BofA analyst Ross Fowler lowered the firm’s price target on Fervo Energy (FRVO) to $30 from $36 and keeps a Buy rating on the shares. The firm cites a lower…
Fervo Energy upgraded to Outperform from Peer Perform at Wolfe Research
Wolfe Research upgraded Fervo Energy (FRVO) to Outperform from Peer Perform with a $29 price target The announcement of the company’s first power at Cape Station is an “important milestone,”…
Fervo Energy announces Cape Station in Utah has achieved First Power
Fervo Energy (FRVO) announced that Cape Station, its flagship geothermal development in Beaver County, Utah, has achieved First Power, marking the first time a utility-scale enhanced geothermal develo...
Fervo Energy Achieves First Power at Cape Station, a Landmark Moment for the Future of Enhanced Geothermal Systems
HOUSTON, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced that Cape Station, its flagship geothermal development i...
Fervo Energy initiated with a Buy at Johnson Rice
Johnson Rice analyst Martin Malloy initiated coverage of Fervo Energy (FRVO) with a Buy rating and $35 price target
Fervo Energy secures two U.S. Department of Energy awards totaling $20M
Fervo Energy (FRVO) announced it has received two U.S. Department of Energy awards totaling approximately $20M to accelerate the development of Enhanced Geothermal Systems, EGS, in Idaho and Nevada an...
Fervo Energy Secures Two U.S. Department of Energy Awards to Develop Next-Generation Geothermal in Idaho and Nevada
Two grants, one each for new developments in Idaho and Nevada Grants support a targeted appraisal campaign and developing new technology for high-temperature EGS operations HOUSTON, Sept. 22, 2026 (GL...
Fervo Energy initiated with an Outperform at Northland
Northland analyst Jeff Grampp initiated coverage of Fervo Energy (FRVO) with an Outperform rating and $27 price target Fervo is pioneering enhanced geothermal systems which have the potential to creat...
This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom
Fervo Energy's Cape Station project in Milford, Utah, is on pace to send power to the grid next month. This would make it the first enhanced geothermal system in the U.S. to reach commercial operation...
Inside Fervo Energy's enhanced geothermal project in Utah
Fervo Energy CEO Tim Latimer joins CNBC's Pippa Stevens from their Cape Station site to discuss the company's big bet on enhanced geothermal energy, their new 400 MW deal with Google, their ambitious ...