Fervo Energy Company

NasdaqGS:FRVO Stock Report

Market Cap: US$5.9b

Fervo Energy Dividends and Buybacks

Dividend criteria checks 0/6

Fervo Energy does not have a record of paying a dividend.

Key information

n/a

Dividend yield

-0.02%

Buyback Yield

Total Shareholder Yield-0.02%
Future Dividend Yield0%
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No updates

Recent updates

New Narrative Aug 12

High Capital Intensity And Execution Risks Will Test Geothermal Ramp Yet Long-Term Potential Remains

Catalysts About Fervo Energy Fervo Energy develops enhanced geothermal systems that provide clean, always on power using advanced drilling and reservoir techniques. What are the underlying business or industry changes driving this perspective?
Narrative Update Aug 12

FRVO: Enhanced Geothermal Milestones Will Drive Long Term Baseload Power Opportunity

The updated analyst price target for Fervo Energy moves from about $46 to roughly $42.82 as analysts factor in a slightly higher discount rate, more moderate revenue growth and profitability assumptions, and a much higher future P/E multiple, while still maintaining support for the enhanced geothermal thesis and reflecting recent rating upgrades tied to valuation and project milestones. Analyst Commentary Recent Street research on Fervo Energy highlights a mix of strong enthusiasm for the enhanced geothermal opportunity and caution around execution risk and valuation.
Seeking Alpha Jul 28

Fervo Energy Remains Unattractive Even After A 44% Correction From Highs

Summary Fervo Energy Company is initiated at Hold, reflecting a stretched valuation despite ambitious geothermal expansion plans and strong demand signals. FRVO’s Cape Station project targets 100 MW by early 2027 and 500 MW by 2029, with a total site potential of 4.3GW and significant contracted backlog. Despite negligible current revenue, FRVO commands a $7 billion valuation, underpinned by $7.2 billion in binding PPAs and a vast pipeline exceeding 40GW. Valuation concerns persist, with FRVO trading at 80x FY27 and 16x FY29 revenue, and execution risks remain given limited operational history. Read the full article on Seeking Alpha
New Narrative Jun 26

Long-Term Geothermal PPAs And Policy Tailwinds Will Support Future Clean Power Demand

Catalysts About Fervo Energy Fervo Energy develops, owns, and operates enhanced geothermal power plants that supply always on carbon free electricity. What are the underlying business or industry changes driving this perspective?
Analysis Article Jun 18

Fervo Energy (FRVO) Stock Looks Stretched After COO Promotion and 42x P B Valuation

Fervo Energy (FRVO) is drawing fresh attention after promoting Sarah Jewett to Chief Operating Officer, putting her in charge of core corporate operations as the geothermal developer targets large opportunities in clean, firm power. See our latest analysis for Fervo Energy. The executive change comes as Fervo Energy’s 1 day share price return of 7.61% and 7 day share price return of 10.34% sit against a 30 day share price return that declined 5.47% and a broadly flat year to date share price...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if FRVO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FRVO's dividend payments have been increasing.


Dividend Yield vs Market

Fervo Energy Dividend Yield vs Market
How does FRVO dividend yield compare to the market?
SegmentDividend Yield
Company (FRVO)n/a
Market Bottom 25% (US)1.3%
Market Top 25% (US)4.0%
Industry Average (Renewable Energy)2.1%
Analyst forecast (FRVO) (up to 3 years)0%

Notable Dividend: Unable to evaluate FRVO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FRVO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate FRVO's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FRVO has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/13 16:20
End of Day Share Price 2026/08/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fervo Energy Company is covered by 13 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
J. David AndersonBarclays
Robert BrackettBernstein