Fervo Energy Company/$FRVO
1D1W1MYTD1Y5YMAX
Capital at risk
About Fervo Energy Company
Fervo Energy Co operates as a geothermal energy developer that builds, owns, and operates geothermal power facilities. Its innovations include technologies such as computational models, horizontal drilling, and distributed fiber optic sensing. The company's revenue is derived mainly from the sale of electricity from geothermal resources, facilitated through long-term PPAs with utilities and other entities.
- Ticker
- $FRVO
- Sector
- Energy
- Primary listing
- NASDAQ
- Employees
- 261
- Headquarters
- Houston, United States
- Website
- fervoenergy.com
FRVO Metrics
BasicAdvanced
$4.3B
-
-$3.12
-
-
Price and volume
Market cap
$4.3B
52-week high
$42.65
52-week low
$13.44
Average daily volume
7.5M
Financial strength
Current ratio
8.616
Quick ratio
8.493
Long term debt to equity
0.101
Total debt to equity
0.113
Interest coverage (TTM)
-7.46%
Profitability
EBITDA (TTM)
-76.989
Gross margin (TTM)
-145.51%
Net profit margin (TTM)
-40,047.76%
Operating margin (TTM)
-24,798.40%
Management effectiveness
Valuation
Price to revenue (TTM)
2,146.146
Price to book
1.52
Price to tangible book (TTM)
1.52
Price to free cash flow (TTM)
-0.913
Free cash flow yield (TTM)
-109.53%
Free cash flow per share (TTM)
-15.826
Growth
What the Analysts think about FRVO
Analyst ratings (Buy, Hold, Sell) for Fervo Energy Company stock.
Analyst projections of the future price of Fervo Energy Company stock.
Bulls say / Bears say
Cape Station has achieved first power, with its first 33 MW GeoBlock exporting electricity to the grid. This is a major technical milestone because it moves Fervo’s enhanced geothermal system from demonstration towards utility-scale operation. (GlobeNewswire, CNBC)
Google has signed a 396 MW power purchase agreement for Cape Station and has an option to take another 600 MW. This gives Fervo a high-quality anchor customer and supports the case that data-centre demand can absorb large volumes of always-on, low-carbon power. (GlobeNewswire, EDGAR Tools)
Fervo ended the second quarter with about $2.1 billion of cash and had secured $421.4 million of project financing, giving it substantial funding for Cape Station’s build-out. Its drilling programme is also showing faster execution, with a Phase II well reaching total depth in 21 days, supporting the potential for lower costs as designs are standardised. (Ticker Report, Markets Insider)
The business remains highly cash-intensive and loss-making while it builds its first large project. Second-quarter capital expenditure was $226.5 million, and management expects a further $850 million to $900 million in the second half of 2026, leaving little room for construction overruns or weaker financing conditions. (Ticker Report, Kalkine)
A July technical review reported a Cape Station well test of about 6 MW net using three wells, or roughly 2 MW per well over the short test period. If that output is not sustained or requires more wells and pumping power than planned, Fervo’s generation estimates and project economics could deteriorate. (GeoExpro)
Transmission could limit how much contracted power Fervo can actually deliver. A Jefferies analysis said Cape Station Phase II had about 290 MW of transmission and interconnection rights against 384 MW of related contracted capacity, so delays in securing more capacity could reduce revenue or force contract changes. (Certrec)
Data summarised monthly by Lightyear AI. Last updated on 28 Sept 2026.
FRVO Financial Performance
Revenues and expenses
FRVO Earnings Performance
Company profitability
Upcoming events
No upcoming events
FRVO News
AllArticlesVideos
Funds containing FRVO
AllUSDEURGBP
Fund name | Fund size | $FRVO weighting |
|---|---|---|
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
SPDR MSCI All Country World IM€SPYI | €7.5B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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