Fervo Energy Company (FRVO)

Fervo Energy Company will go public soon. The estimated IPO date is May 13, 2026.
IPO Price Range
$21.00 - $24.00
Shares Offered
55,555,555
Deal Size
$1.25B
Chart not available yet
Data will show when the stock starts trading on May 13, 2026.
Market Cap6.06B
Revenue (ttm)138,000 -30.7%
Net Income-57.79M
EPS-0.21
Shares Out 269.12M
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About FRVO

Fervo Energy is a geothermal energy developer that builds, owns, and operates geothermal power facilities. We construct projects in phases across leased acreage positions that can support multi-gigawatt power developments (“GeoClusters”). Our leasing strategy is focused on securing high-quality, geothermal resources in prime locations, the vast majority of which have existing deep wells that confirm significantly elevated temperatures at shallow depths and near-term commercial viability. In June 2023, we broke ground on our first GeoCluster – C... [Read more]

Sector Utilities
IPO Date May 13, 2026
Employees 199
Stock Exchange NASDAQ
Ticker Symbol FRVO
Full Company Profile

Financial Performance

Financial numbers in USD Financial Statements

News

These 3 Big AI IPOs Could Test Demand Before SpaceX Debuts

Cerebras Systems, Blackstone Digital Infrastructure Trust and Fervo Energy are poised to go public next week, giving investors an early read on appetite for AI-related IPOs.

Other symbols: CBRS
1 day ago - Barrons

Geothermal startup Fervo Energy to raise up to $1.3B in IPO

Geothermal startup Fervo Energy said Monday it hopes to raise up to $1.3 billion in its initial public offering.

4 days ago - TechCrunch

Fervo Energy Announces Launch of its Initial Public Offering

HOUSTON, May 04, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (“Fervo” or the “Company”) today announced the launch of the Company's roadshow for its initial public offering (“IPO”) of 55,555,555 shares of i...

4 days ago - GlobeNewsWire

Fervo Energy eyes $6.5 billion valuation in US IPO

Fervo Energy said on ‌Monday it was targeting a valuation of up to $6.5 ​billion in its ​initial public offering in the ⁠United States.

4 days ago - Reuters

American Lending Center Announces Full Repayment of $146 Million EB-5 Senior Loan for Fervo Energy's Cape Station

IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center Announces Complete Repayment of $146 Million EB-5 Senior Loan for Fervo Energy's Cape Station.

7 days ago - Business Wire

Fervo Energy Publicly Announces Filing of Registration Statement for Proposed Initial Public Offering

HOUSTON, April 17, 2026 (GLOBE NEWSWIRE) -- Fervo Energy today announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relatin...

21 days ago - GlobeNewsWire

Fervo Energy files for US IPO

Energy company Fervo ​Energy filed for ‌an initial public offering in the ​United States on ​Friday.

21 days ago - Reuters

Fervo Energy Company IPO Registration Document (S-1)

Fervo Energy Company has filed to go public with an IPO on the NASDAQ

21 days ago - SEC