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Fervo Energy CompanyNasdaqGS:FRVO Stock Report

Market Cap US$7.1b
Share Price
n/a
1Yn/a
7D-2.6%
1D-8.9%
Portfolio Value
View

Fervo Energy Company

NasdaqGS:FRVO Stock Report

Market Cap: US$7.1b

FRVO Community Fair Values

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Fervo Energy Company Competitors

Price History & Performance

Summary of share price highs, lows and changes for Fervo Energy
Historical stock prices
Current Share PriceUS$24.02
52 Week HighUS$42.65
52 Week LowUS$22.50
Beta0
1 Month Change-26.06%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-34.28%

Recent News & Updates

Seeking Alpha Jul 21

Fervo Energy: Too Early To Jump In

Summary Fervo Energy Company remains in pre-commercial R&D, with Q1 ’26 revenues of $61k and a net loss of $32m, reflecting early-stage operations. FRVO’s cash position of $281m and manageable debt provide liquidity to fund expansion and pilot projects for up to three years at current burn rates. Operational progress includes a record-setting Gen 3.0 well, supply chain agreements, and over 658 MW under binding PPAs, supporting a $7.2B revenue backlog. I maintain a Hold rating on FRVO, citing AI sector pessimism and awaiting hyperscaler capex guidance before considering a position. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha Jul 21

Fervo Energy: Too Early To Jump In

Summary Fervo Energy Company remains in pre-commercial R&D, with Q1 ’26 revenues of $61k and a net loss of $32m, reflecting early-stage operations. FRVO’s cash position of $281m and manageable debt provide liquidity to fund expansion and pilot projects for up to three years at current burn rates. Operational progress includes a record-setting Gen 3.0 well, supply chain agreements, and over 658 MW under binding PPAs, supporting a $7.2B revenue backlog. I maintain a Hold rating on FRVO, citing AI sector pessimism and awaiting hyperscaler capex guidance before considering a position. 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...

Shareholder Returns

FRVOUS Renewable EnergyUS Market
7D-2.6%1.0%-1.0%
1Yn/a-7.4%14.7%

Return vs Industry: Insufficient data to determine how FRVO performed against the US Renewable Energy industry.

Return vs Market: Insufficient data to determine how FRVO performed against the US Market.

Price Volatility

Is FRVO's price volatile compared to industry and market?
FRVO volatility
FRVO Average Weekly Movement13.6%
Renewable Energy Industry Average Movement7.4%
Market Average Movement7.1%
10% most volatile stocks in US Market16.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: FRVO's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine FRVO's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017199Tim Latimerfervoenergy.com

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.

Fervo Energy Company Fundamentals Summary

How do Fervo Energy's earnings and revenue compare to its market cap?
FRVO fundamental statistics
Market capUS$7.08b
Earnings (TTM)-US$96.63m
Revenue (TTM)US$199.00k
Over9,999x
P/S Ratio
-73.2x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRVO income statement (TTM)
RevenueUS$199.00k
Cost of RevenueUS$618.00k
Gross Profit-US$419.00k
Other ExpensesUS$96.21m
Earnings-US$96.63m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.33
Gross Margin-210.55%
Net Profit Margin-48,559.30%
Debt/Equity Ratio20.1%

How did FRVO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/26 03:51
End of Day Share Price 2026/07/24 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. 10 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