Fervo Energy Company (FRVO)Utilities | Utilities - Renewable | Houston, United States | NasdaqGS
14.77 USD
-1.19
(-7.456%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 14.88 +0.11 (0.745%) ⇧ (Aug. 28, 2026, 7:55 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:17 a.m. EDT
The investment case here is fundamentally broken. The company is burning cash with negative operating margins of -254% and negative gross margins, while trading at a valuation that defies logic with a price-to-sales ratio exceeding 15,000x and negative earnings multiples. Despite a 'strong buy' analyst recommendation, these targets rely on a future reality that the current financial statements do not support; the market is pricing in a turnaround that hasn't happened yet. Technically, the stock is in a severe downtrend, trading well below its 50-day and 200-day averages, confirming that the recent pop was a failed attempt to reverse a structural decline. The options market agrees with the bearish thesis, with traders loading up on cheap insurance against further drops rather than betting on a recovery. There is no dividend to provide income, and the lack of historical price data suggests this is a speculative venture play gone wrong. Until the company demonstrates sustained profitability and a path to positive free cash flow, this remains a high-risk speculative holding with deteriorating fundamentals. |
| Attribute | Value |
|---|---|
| Sector | Utilities |
| Debt to Equity Ratio | 11.349 |
| Revenue per Share | 0.007 |
| Market Cap | 4,353,652,736 |
| Forward P/E | -54.62 |
| Website | https://fervoenergy.com |
As of Aug. 22, 2026, 4:17 a.m. EDT: Speculators are positioning aggressively for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 15.0 and 20.0) relative to calls. While there is some call volume at higher strikes (60.0), the overwhelming weight of capital is in put options, suggesting a consensus view of continued volatility and potential further declines rather than a near-term rally.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.56321836 |
| Address1 | 811 Main Street |
| Address2 | Suite 1700 |
| All Time High | 42.65 |
| All Time Low | 15.22 |
| Ask | 19.03 |
| Ask Size | 2 |
| Average Analyst Rating | 1.5 - Strong Buy |
| Average Daily Volume10 Day | 4,118,070 |
| Average Daily Volume3 Month | 3,153,856 |
| Average Volume | 3,153,856 |
| Average Volume10Days | 4,118,070 |
| Bid | 11.24 |
| Bid Size | 2 |
| Book Value | 9.482 |
| City | Houston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 14.77 |
| Current Ratio | 8.616 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 15.9 |
| Day Low | 14.75 |
| Debt To Equity | 11.349 |
| Earnings Call Timestamp End | 1,786,543,200 |
| Earnings Call Timestamp Start | 1,786,543,200 |
| Earnings Timestamp | 1,786,537,800 |
| Earnings Timestamp End | 1,794,832,200 |
| Earnings Timestamp Start | 1,794,832,200 |
| Ebitda | -76,747,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -36.126 |
| Enterprise To Revenue | 8,886.354 |
| Enterprise Value | 2,772,542,464 |
| Eps Current Year | -0.28781 |
| Eps Forward | -0.27043 |
| Eps Trailing Twelve Months | -0.41 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.4306 |
| Fifty Day Average Change | -9.660599 |
| Fifty Day Average Change Percent | -0.3954303 |
| Fifty Two Week Change Percent | -56.321835 |
| Fifty Two Week High | 42.65 |
| Fifty Two Week High Change | -27.880001 |
| Fifty Two Week High Change Percent | -0.65369284 |
| Fifty Two Week Low | 14.75 |
| Fifty Two Week Low Change | 0.020000458 |
| Fifty Two Week Low Change Percent | 0.0013559633 |
| Fifty Two Week Range | 14.75 - 42.65 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,778,679,000,000 |
| Float Shares | 183,834,964 |
| Forward Eps | -0.27043 |
| Forward P E | -54.616722 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 261 |
| Fullday Change | -1.19 |
| Fullday Change Percent | -7.45614 |
| Fullday Price | 14.88 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | -1.45513 |
| Gross Profits | -454,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.21986 |
| Held Percent Institutions | 0.58862996 |
| Implied Shares Outstanding | 294,763,199 |
| Industry | Utilities - Renewable |
| Industry Disp | Utilities - Renewable |
| Industry Key | utilities-renewable |
| Ipo Expected Date | 2,026-05-13 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Fervo Energy Company builds, owns, and operates geothermal power facilities in the United States. Fervo Energy Company was incorporated in 2017 and is headquartered in Houston, Texas. |
| Long Name | Fervo Energy Company |
| Market | us_market |
| Market Cap | 4,353,652,736 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_586111506 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -144,532,992 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 4,707,368,287 |
| Number Of Analyst Opinions | 11 |
| Open | 15.7 |
| Operating Cashflow | -81,751,000 |
| Operating Margins | -254.35399 |
| Payout Ratio | 0.0 |
| Phone | 832 554 3253 |
| Post Market Change | 0.10999966 |
| Post Market Change Percent | 0.74475056 |
| Post Market Price | 14.88 |
| Post Market Time | 1,787,961,355 |
| Previous Close | 15.96 |
| Price Eps Current Year | -51.31858 |
| Price Hint | 2 |
| Price To Book | 1.5576882 |
| Price To Sales Trailing12 Months | 13,954.016 |
| Profit Margins | 0.0 |
| Quick Ratio | 8.493 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.5 |
| Region | US |
| Regular Market Change | -1.19 |
| Regular Market Change Percent | -7.45614 |
| Regular Market Day High | 15.9 |
| Regular Market Day Low | 14.75 |
| Regular Market Day Range | 14.75 - 15.9 |
| Regular Market Open | 15.7 |
| Regular Market Previous Close | 15.96 |
| Regular Market Price | 14.77 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 4,074,255 |
| Revenue Per Share | 0.007 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Utilities |
| Sector Disp | Utilities |
| Sector Key | utilities |
| Shares Outstanding | 286,977,787 |
| Shares Percent Shares Out | 0.0325 |
| Shares Short | 10,186,417 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 7,933,188 |
| Short Name | Fervo Energy Company |
| Short Ratio | 3.31 |
| Source Interval | 15 |
| State | TX |
| Symbol | FRVO |
| Target High Price | 51.0 |
| Target Low Price | 34.0 |
| Target Mean Price | 42.81818 |
| Target Median Price | 45.0 |
| Total Cash | 2,106,370,944 |
| Total Cash Per Share | 7.146 |
| Total Debt | 338,284,992 |
| Total Revenue | 312,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.41 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 28.576487 |
| Two Hundred Day Average Change | -13.806486 |
| Two Hundred Day Average Change Percent | -0.48314148 |
| Type Disp | Equity |
| Volume | 4,074,255 |
| Website | https://fervoenergy.com |
| Zip | 77,002 |