---
title: "FRVO Fervo Energy"
canonical: "https://supercyclehq.com/stock/fervo-energy"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "FRVO"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Fervo Energy (FRVO)

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.

## AI Exposure Score

**45/100, Growing.** Fervo Energy builds enhanced geothermal power plants and 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 by 2030. Exposure hinges on how much of its broader geothermal buildout ends up serving AI data center load versus general grid and utility customers.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $8.25 |
| Change 1d | -0.36% |
| Change 7d | +3.51% |
| Change 30d | -42.91% |
| Change 1y | -77.42% |
| 52-week high | $42.50 |
| 52-week low | $7.97 |
| Market cap | $2.4B |
| P/E | n/a |
| EPS | $-1.26 |
| Next earnings | 2026-11-09 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NASDAQ |
| Sector | Utilities |
| Headquarters | Houston, Texas |
| CEO | Timothy Michael Latimer |
| Employees | 261 |
| Website | https://fervoenergy.com |
| Buildout layers | [Power & Energy](https://supercyclehq.com/category/power-energy) |

## What the company does

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.

## Role 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.

## FAQ

### 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.

---

Source: https://supercyclehq.com/stock/fervo-energy. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.