FRVO NEWS
wsj.com
7h ago
A Hot IPO Lifts Geothermal Power Companies
The overlooked technology is getting a second life with high demand from the tech sector.
seekingalpha.com
May 14
Fervo Energy: Energized From The Ground
Fervo Energy surged 40% on IPO debut, reflecting investor enthusiasm for its scalable geothermal energy vision. Fervo boasts $7B in contracted revenue, 658MW under PPAs, and high-profile clients like Google, but has yet to commence commercial operations. Significant risks persist: no operational track record, large capital expenditures, technical and economic uncertainties, and concentrated project exposure.
seekingalpha.com
May 14
Fervo Energy IPO: Great Potential, But Maybe Not As Lucrative As Filings Suggest
Fervo Energy Company leverages enhanced geothermal systems to supply 24/7 clean power, targeting hyperscaler AI data center demand in Nevada and Utah. FRVO's pipeline includes Project Red (3MW, NV) and Cape Station (500MW, UT), with long-term plans for 42.1GW capacity and $7.2B+ in potential revenue backlog. Post-IPO, FRVO holds ~$1.7B in net proceeds and $461.8M in pre-IPO cash, supporting rapid expansion but facing pre-revenue status and high upfront capital needs.
invezz.com
May 13
Fervo Energy soars 30% in Nasdaq debut as AI power demand ignites IPO
Houston-based geothermal startup Fervo Energy surged in its Nasdaq debut on Wednesday, underscoring investor enthusiasm for companies positioned to benefit from the artificial intelligence-driven electricity boom. Shares of Fervo, which trades under the ticker FRVO, jumped more than 30% shortly after trading began, pushing the company's valuation above $10 billion.
techcrunch.com
May 13
Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand
Fervo Energy, the geothermal energy startup, saw its market valuation surpass $10 billion in its public market debut, an increase driven by demand for AI data centers — and the energy that can power them.
reuters.com
May 13
Fervo Energy valued at $10.21 billion as shares rise in Nasdaq debut
Fervo Energy shares rose 33.3% in its Nasdaq debut on Wednesday, giving the geothermal energy developer a valuation of $10.21 billion.