Fervo Energy Co (FRVO) Stock Price & News

Fervo Energy is a geothermal company based in Houston, Texas, that generates electricity through enhanced geothermal systems. Fervo Energy was co-founded in 2017 by CEO Tim Latimer, a mechanical engineer who worked as a drilling engineer at BHP until 2015, and CTO Jack Norbeck. In 2023, Fervo Energy announced that its first commercial pilot geothermal plant, Project Red, was successful in generating three megawatt of baseload power and consistently maintained flow rates of 60 litres per second. It is also developing Cape Station, the company's first multi-phased greenfield geothermal development. Wikipedia

About Fervo Energy Co

CEO-

Employees261

Founded2017

HeadquartersHouston, Texas, United States

SectorUtilities

IndustryRenewable energy

Websitefervoenergy.com

Analyst	Recommendation	Action	Price target	Projected	Date
Sean Milligan Needham	Buy	Initiated	$17.00	+49.4%	11/06/2026
Devin McDermott Morgan Stanley	Buy	Initiated	$23.00	+102.1%	10/29/2026
Bob Brackett Bernstein	Buy	Maintained	$47.00	+313%	10/19/2026
Mark Strouse J.P. Morgan	Buy	Reiterated	$27.00	+137.3%	10/19/2026
Chris Dendrinos RBC Capital	Buy	Maintained	$36.00	+216.3%	10/09/2026
David Anderson Barclays	Buy	Maintained	$48.00	+321.8%	10/05/2026
Ross Fowler Bank of America Securities	Buy	Maintained	$30.00	+163.6%	10/01/2026
Jeff Grampp Northland Securities	Buy	Maintained	$27.00	+137.3%	10/01/2026
Steve Fleishman Wolfe Research	Buy	Upgraded	$29.00	+154.8%	09/25/2026
Martin Malloy Johnson Rice	Buy	Initiated	$35.00	+207.6%	09/23/2026
Julien Dumoulin Smith Jefferies	Buy	Reiterated	$25.00	+119.7%	09/03/2026
Jed Dorsheimer William Blair	Buy	Maintained	-	-	09/01/2026
Joseph Osha Guggenheim	Buy	Maintained	$48.00	+321.8%	08/18/2026
Justin Clare Roth MKM	Buy	Maintained	$45.00	+295.4%	08/13/2026
Derek Podhaizer Piper Sandler	Buy	Maintained	$51.00	+348.2%	06/23/2026
Ben Kallo Robert W. Baird	Buy	Maintained	$50.00	+339.4%	06/23/2026

All values in USD	Mar 2025	Jun 2025	Mar 2026	Jun 2026
Revenue	-	-	61.00K	113.00K
Cost of goods sold	252.00K	158.00K	482.00K	306.00K
Cost of revenue	252.00K	158.00K	482.00K	306.00K
Research and development expenses	-36.00K	395.00K	-72.00K	-712.00K
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	9.67M	9.69M	19.61M	28.92M
Operating expense	9.68M	10.14M	19.63M	28.55M
Total operating expenses	9.93M	10.30M	20.11M	28.86M
Operating income	-9.93M	-10.30M	-20.05M	-28.74M
Other non operating income	-16.00K	-	-11.88M	-35.48M
EBT including unusual items	-9.15M	-11.44M	-31.83M	-55.91M
EBT excluding unusual items	-9.15M	-11.44M	-31.83M	-55.91M
Income tax expense	-	2.00K	-	1.00K
Effective tax rate	-	-0.02%	-	-
Other operating expenses	-	-	-	-
Net income	-9.15M	-11.44M	-31.83M	-55.92M
Net profit margin	-	-	-52,180.33%	-49,482.30%
Earnings per share	-	-	-	-0.38
Interest and investment income	2.03M	601.00K	2.82M	10.52M
Interest expense	-1.23M	-1.74M	-2.72M	-2.22M
Net interest expenses	801.00K	-1.14M	98.00K	8.31M
Depreciation and amortization charges	47.00K	56.00K	93.00K	344.00K
EBITDA	-9.88M	-10.24M	-19.96M	-28.40M
Gain or loss from assets sale	-	-	-	-

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