Fervo Energy
FRVO · NASDAQ · Utilities
$8.25
$0.03 (-0.36%) today
Market Cap
$2.43B
24h Volume
$41.5M
P/E Ratio
0.0
52w High
$42.50
52w Low
$7.97
Est. AI Revenue
25%
7-Day Sparkline (Static)
Company facts
Performance
About Fervo Energy
Fervo Energy develops enhanced geothermal power plants, drilling and stimulating hot rock to produce firm, round-the-clock electricity without the intermittency of wind or solar. The company sells that power to utilities and increasingly directly to large energy buyers building data centers.
Its main project is Cape Station in Utah, an enhanced geothermal plant that signed a 396 megawatt power purchase agreement with Google specifically to supply an AI data center, with an option for 600 megawatts more by 2030.
Founded in 2017 and headquartered in Houston, Texas, Fervo Energy trades on the NASDAQ and employs roughly 146 people.
Fervo Energy in the AI buildout
Fervo Energy sits in the Power & Energy layer as a geothermal generation developer with a named, signed power purchase agreement tying a large share of its flagship project directly to an AI data center. That agreement, and the option to expand it, gives Fervo a more concrete AI link than most early stage power developers, though its broader geothermal buildout still serves general grid and utility demand too. Supercycle scores its AI exposure at 45 out of 100 to reflect that mix.
FRVO is tracked in Power & Energy, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
FRVO trades at $8.25, 1% of the way up its 52-week range of $7.97 to $42.50.
Market cap
Market capitalization is $2.43B, with an AI Exposure Score of 45 out of 100.
Next earnings
Fervo Energy is next expected to report earnings on November 9, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Fervo Energy do?
Fervo Energy develops enhanced geothermal power plants that drill and stimulate hot rock to produce firm, round-the-clock electricity, selling that power to utilities and large energy buyers.
How is Fervo Energy exposed to AI?
Directly and growing. Fervo signed a 396 megawatt power purchase agreement with Google specifically to supply an AI data center in Utah, with an option for 600 megawatts more, which is why Supercycle scores it 45 out of 100.
What are Fervo Energy's main products?
Cape Station, an enhanced geothermal power plant in Utah, anchored by a power purchase agreement with Google for an AI data center.
Is FRVO a pure play AI stock?
No. Its geothermal power still serves general grid and utility customers as well as AI data centers, which places it in the Strategic tier of Supercycle's AI Exposure rating rather than the Pure Play tier.
Where is Fervo Energy based and who leads it?
Fervo Energy is headquartered in Houston, Texas, and is led by co-founder and CEO Tim Latimer.
Profile written 2026-09, updated as the business changes. Editorial content, not investment advice.
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