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Q3 2026 earnings • released • EPS miss -70.72% • Revenue miss -22.67%
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FRVO:NASDAQ
Fervo Energy Co
$11.38
+26.09%
(+2.36) 1D
$11.42
+0.35% (+0.040)
After hours
Closed: Nov 9, 4:00:01 PM GMT-5  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for FRVO...
Open
$9.04
High
$11.46
Low
$8.92
Mkt. cap
3.35B
Avg. vol.
9.03M
Volume
23.97M
52-wk high
$42.65
52-wk low
$7.64
No. of employees
261
Open
$9.04
High
$11.46
Low
$8.92
Mkt. cap
3.35B
Avg. vol.
9.03M
Volume
23.97M
52-wk high
$42.65
52-wk low
$7.64
No. of employees
261
News stories
From web sources and news partners
Profile
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 ratings
Based on 14 analysts giving stock ratings to FRVO in the past 3 months
Strong buy
Buy
14
Hold
0
Sell
0
12-month forecast
Based on 14 Wall Street analysts offering 12 month price targets for FRVO in the last 3 months.
Highest
Current $11.38
$48.00 (+321.79%)
Average
$33.62 (+195.43%)
Lowest
$17.00 (+49.38%)
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
Last report
Just released
Today, 10:00 AM
Fiscal period
Q3 2026
-$0.11 / -$0.07
-70.72%miss
Revenue / Est. (USD)
116.00K / 150.00K
-22.67%miss
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
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
-
-
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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