FRVO · Fervo Energy Co
Price & Indicators
The closing range uses available history since May 13, 2026; less than a full year is stored.
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 12, 2026TL;DR. Fervo raised its 2030 installed capacity target to 1.1 GW (up 100 MW) on stronger commercial momentum and IPO proceeds, but guided 2027 revenue to only $60–80M citing transmission curtailments, while reporting a Q2 net loss of $55.9M and $226.5M of capex as Cape Station Phase I commissioning advances.
- + Raised 2030 installed capacity target by 100 MW to 1.1 GW
- + Contracted backlog grew to $7.2 billion across 658 MW of signed binding PPAs
- + Pipeline maturation accelerated, moving 400 MW into advanced development and 10.5 GW into early development
- + Sawtooth 7 set a drilling record, reaching ~19,500 feet at 460°F in just 21 days spud-to-total-depth
- − Initial 2027 revenue guidance of only $60–80M, well below a full year of Cape Phase 1 output, due to expected transmission curtailments
- − Cape Phase 1 commercial operations remain subject to execution risks, with grid synchronization, substation, and hot commissioning still incomplete
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| capacity potential advanced into Advanced Development | 400 | Q2 2026 | — |
| capacity potential advanced into Early Development | 10.5 | Q2 2026 | — |
| capital expenditures | $226.5M | Q2 2026 | — |
| IPO gross proceeds | $2.2B | Q2 2026 | — |
| long-term development target | 1.1 | by 2030 | — |
| Total capital expenditures during the period | 172.8M | Three months ended March 31, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Utilities - Renewable — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FRVO
this stock
Fervo Energy Co
|
$4.47B | — | — | — | 6.0% |
|
AXIAY
AXIA Energia S.A.
|
$23.86B | — | — | — | 0.2% |
|
EDRVY
EDP Renewables S.A./ADR
|
$15.72B | — | — | — | 0.0% |
|
BEP
Brookfield Renewable Partners L.P.
|
$13.65B | +4.3% | — | — | 0.2% |
|
ENLT
Enlight Renewable Energy Ltd.
|
$9.72B | +52.7% | — | — | 0.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FRVO | -16.9% | -31.2% | — | -11.6% | — |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -16.2% | -31.3% | — | -11.1% | — |