Fervo Energy Company (FRVO)Utilities | Utilities - Renewable | Houston, United States | NasdaqGS
25.86 USD
-1.27
(-4.681%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 25.83 -0.03 (-0.025%) ⇩ (July 13, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6 a.m. EDT
The investment case here is fundamentally broken. The company is burning cash with negative operating margins of -328% and a book value of -$28.98, indicating the assets are currently valued below their liquidation debt. Despite the hype around partnerships with Nvidia and Bill Gates, the financial reality shows no path to profitability, with forward P/E and enterprise-to-EBITDA ratios being mathematically undefined due to losses. The stock has recently collapsed from highs near $36 to lows around $23, trading well below its $27 closing price. The options chain confirms this fear, with traders dumping billions of dollars into deep out-of-the-money puts, betting on a further implosion. There is no dividend to cushion the blow, and the lack of historical price data prevents any assessment of long-term resilience. This is a speculative gamble on a turnaround story that currently lacks the revenue or cash flow to sustain itself. |
| Attribute | Value |
|---|---|
| Sector | Utilities |
| Debt to Equity Ratio | 32.149 |
| Revenue per Share | 0.022 |
| Market Cap | 7,619,518,976 |
| Forward P/E | -125.34 |
| Website | https://fervoenergy.com |
As of July 11, 2026, 6 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 20 and 22.5) compared to negligible call volume. While there is some speculative call activity at strikes 40-60, the overwhelming capital allocation is in put writing and buying, suggesting a consensus view of significant near-term volatility or a crash scenario rather than a rally.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.25752598 |
| Address1 | 811 Main Street |
| Address2 | Suite 1700 |
| All Time High | 42.65 |
| All Time Low | 23.1 |
| Ask | 33.39 |
| Ask Size | 2 |
| Average Analyst Rating | 1.8 - Buy |
| Average Daily Volume10 Day | 4,539,260 |
| Average Daily Volume3 Month | 4,462,285 |
| Average Volume | 4,462,285 |
| Average Volume10Days | 4,539,260 |
| Bid | 19.98 |
| Bid Size | 2 |
| Book Value | -28.983 |
| City | Houston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 25.86 |
| Current Ratio | 1.525 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 27.87 |
| Day Low | 25.83 |
| Debt To Equity | 32.149 |
| Earnings Call Timestamp End | 1,782,136,800 |
| Earnings Call Timestamp Start | 1,782,136,800 |
| Earnings Timestamp | 1,782,131,400 |
| Earnings Timestamp End | 1,786,710,600 |
| Earnings Timestamp Start | 1,786,710,600 |
| Ebitda | -58,591,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -150.933 |
| Enterprise To Revenue | 44,438.758 |
| Enterprise Value | 8,843,313,152 |
| Eps Current Year | -0.205 |
| Eps Forward | -0.20632 |
| Eps Trailing Twelve Months | -0.28 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 34.45875 |
| Fifty Day Average Change | -8.598751 |
| Fifty Day Average Change Percent | -0.24953751 |
| Fifty Two Week Change Percent | -25.752598 |
| Fifty Two Week High | 42.65 |
| Fifty Two Week High Change | -16.79 |
| Fifty Two Week High Change Percent | -0.3936694 |
| Fifty Two Week Low | 23.1 |
| Fifty Two Week Low Change | 2.7600002 |
| Fifty Two Week Low Change Percent | 0.11948053 |
| Fifty Two Week Range | 23.1 - 42.65 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,778,679,000,000 |
| Float Shares | 203,590,838 |
| Forward Eps | -0.20632 |
| Forward P E | -125.33928 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 199 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | -2.10553 |
| Gross Profits | -419,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.21995 |
| Held Percent Institutions | 0.25596002 |
| Implied Shares Outstanding | 294,644,974 |
| Industry | Utilities - Renewable |
| Industry Disp | Utilities - Renewable |
| Industry Key | utilities-renewable |
| Ipo Expected Date | 2,026-05-13 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Fervo Energy Company operates as a geothermal energy developer, builds, owns, and operates geothermal power facilities. The company's product incorporates horizontal drilling, advanced computational models, and distributed fiber optic sensing that increase the productivity and lifetime of geothermal wells. The company employs precision directional drilling technology to drill horizontally in geothermal reservoirs and develops a data analytics algorithm that enables the identification of existing resources and optimizes flow distribution through the reservoir for heat mining efficiency. The company was incorporated in 2017 and is headquartered in Houston, Texas. |
| Long Name | Fervo Energy Company |
| Market | us_market |
| Market Cap | 7,619,518,976 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_586111506 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -96,633,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 7,993,718,144 |
| Number Of Analyst Opinions | 11 |
| Open | 27.16 |
| Operating Cashflow | -57,868,000 |
| Operating Margins | -328.7213 |
| Payout Ratio | 0.0 |
| Phone | 832 554 3253 |
| Post Market Change | -0.02530098 |
| Post Market Change Percent | -0.09783828 |
| Post Market Price | 25.8347 |
| Post Market Time | 1,783,987,182 |
| Previous Close | 27.13 |
| Price Eps Current Year | -126.14635 |
| Price Hint | 2 |
| Price To Book | -0.8922472 |
| Price To Sales Trailing12 Months | 38,289.04 |
| Profit Margins | 0.0 |
| Quick Ratio | 1.474 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.83333 |
| Region | US |
| Regular Market Change | -1.27 |
| Regular Market Change Percent | -4.68116 |
| Regular Market Day High | 27.87 |
| Regular Market Day Low | 25.83 |
| Regular Market Day Range | 25.83 - 27.87 |
| Regular Market Open | 27.16 |
| Regular Market Previous Close | 27.13 |
| Regular Market Price | 25.86 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 2,441,915 |
| Revenue Per Share | 0.022 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Utilities |
| Sector Disp | Utilities |
| Sector Key | utilities |
| Shares Outstanding | 286,859,562 |
| Shares Percent Shares Out | 0.0356 |
| Shares Short | 6,251,105 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 4,556,256 |
| Short Name | Fervo Energy Company |
| Short Ratio | 4.07 |
| Source Interval | 15 |
| State | TX |
| Symbol | FRVO |
| Target High Price | 51.0 |
| Target Low Price | 40.0 |
| Target Mean Price | 46.0 |
| Target Median Price | 47.0 |
| Total Cash | 280,776,000 |
| Total Cash Per Share | 0.953 |
| Total Debt | 298,320,000 |
| Total Revenue | 199,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.28 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 34.45875 |
| Two Hundred Day Average Change | -8.598751 |
| Two Hundred Day Average Change Percent | -0.24953751 |
| Type Disp | Equity |
| Volume | 2,441,915 |
| Website | https://fervoenergy.com |
| Zip | 77,002 |