Fervo Energy Management
Management criteria checks 1/4
Fervo Energy's CEO is Tim Latimer, appointed in May 2017, has a tenure of 9.25 years. total yearly compensation is $10.97M, comprised of 3.2% salary and 96.8% bonuses, including company stock and options. directly owns 2.14% of the company’s shares, worth $126.97M. The average tenure of the management team and the board of directors is 5.6 years and 2 years respectively.
Key information
Tim Latimer
Chief executive officer
US$11.0m
Total compensation
| CEO salary percentage | 3.19% |
| CEO tenure | 9.3yrs |
| CEO ownership | 2.1% |
| Management average tenure | 5.6yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
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?
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.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 AlphaLong-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?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...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -US$97m |
| Dec 31 2025 | US$11m | US$350k | -US$71m |
Compensation vs Market: Tim's total compensation ($USD10.97M) is above average for companies of similar size in the US market ($USD8.22M).
Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.
CEO
Tim Latimer (36 yo)
Mr. Timothy Michael Latimer, also known as Tim, Co-Founded Fervo Energy Company in May 26, 2017 and has been its Chief Executive Officer and Director since 2018 and serves as its Chairman, President and Tr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 9.3yrs | US$10.97m | 2.14% $ 127.0m | |
| Co-Founder & CTO | 9.3yrs | US$2.30m | 0.50% $ 30.0m | |
| Chief Financial officer | 5.6yrs | US$2.68m | 0% $ 0 | |
| Chief Operating Officer | less than a year | no data | 0.12% $ 7.2m | |
| Senior Director of Corporate Development & Investor Relations | no data | no data | no data | |
| Senior VP | 3.6yrs | no data | 0.048% $ 2.8m | |
| Senior Vice President of GeoBlock Factory | no data | no data | 0.0068% $ 406.3k | |
| Senior VP and Head of Development & Commercial Markets | 6.6yrs | no data | 0% $ 0 | |
| Chief of Staff - Power Generation | no data | no data | no data | |
| Controller | 2.5yrs | no data | no data |
Experienced Management: FRVO's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 8.6yrs | US$10.97m | 2.14% $ 127.0m | |
| Lead Independent Director | less than a year | no data | no data | |
| Independent Director | 3.6yrs | no data | 0% $ 0 | |
| Independent Director | 5.6yrs | no data | no data | |
| Member of Technical Advisory Board | no data | no data | no data | |
| Member of Technical Advisory Board | no data | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Member of Technical Advisory Board | no data | no data | no data | |
| Member of Technical Advisory Board | no data | no data | no data | |
| Member of Technical Advisory Board | no data | no data | no data | |
| Member of Technical Advisory Board | no data | no data | no data | |
| Independent Director | less than a year | no data | no data |
Experienced Board: FRVO's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/13 07:17 |
| End of Day Share Price | 2026/08/13 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Benjamin Kallo | Baird |
| J. David Anderson | Barclays |
| Robert Brackett | Bernstein |