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HomeIPOFervo Energy Company

About

Fervo Energy Company

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.

Fervo Energy Company Overview

Ticker, listing venue and issuer profile

TickerFRVO
ExchangeNASDAQ
Statuslisted
SectorUtilities
IndustryUtilities - Independent Power Producers
CurrencyUSD
CIK Code1853868
CUSIP31556C106
ISINUS31556C1062

Offer & Key Dates

Pricing terms and IPO milestones

Price Range$25.00 - $26.00
Offer Price$27.00
Listing Price$36.00
Current Price$8.95
Vs IPO price-66.87%

Change from offer price to today

Shares Offered70M
Shares Outstanding283.56M
Offer Size$1.89B
Market Cap$10.40B
Filing Date--
Priced DateMay 13, 2026
Listed DateMay 13, 2026

Live Market Snapshot

Real-time price; headline % change is vs first trade (listing price)

$36.66-75.15% All time

USD · NASDAQ:NASDAQ:FRVO

Open$38.67
High$39.00
Low$35.82
Volume2,799,692
52W High$42.65
52W Low$35.50
Market Cap$10.49B
Enterprise Value--

Valuation & Multiples

Key valuation ratios and metrics

P / E--
P / Book--
P / Sales--
EV / EBITDA--
EPS--
Revenue / Share (TTM)--
Revenue$138.00K
Net Income-$70.52M

Financial Health

Balance sheet strength and liquidity

Total Debt$250.30M
Total Assets$1.37B
Cash$461.84M
Free Cash Flow--
Current Ratio3.17
Quick Ratio3.17
Debt / Equity0.32
CapEx--

Profitability & Returns

Margins and return on capital

Gross Margin--
Operating Margin--
Net Margin--
Return on Equity-12.15%
Return on Assets-7.44%
ROIC-9.49%
EBITDA--
Gross Profit-$540.00K

Analyst Estimates

Street consensus and price targets

1Y Target$42.00
Median Target$42.00
Rating (1=Strong Buy)2
EPS Fcst (FQ)--

Financial Highlights

Historical financial performance

Historical Data

Market history and supplemental quote data

DateOpenHighLowCloseAdj. CloseChangeVolume
2026-05-29$38.67$39.00$35.82$36.66$36.66-2.012,798,300
2026-05-28$37.27$39.00$36.00$38.70$38.70+1.431,553,100
2026-05-27$39.13$39.48$36.84$37.32$37.32-1.812,176,800
2026-05-26$39.34$39.68$37.65$39.51$39.51+0.172,382,400
2026-05-22$42.30$42.48$38.05$38.35$38.35-3.953,401,800
2026-05-21$38.78$42.57$37.84$42.50$42.50+3.727,992,700
2026-05-20$37.96$39.30$36.23$38.01$38.01+0.052,989,300
2026-05-19$38.73$39.89$36.33$36.34$36.34-2.399,900,100
2026-05-18$41.27$42.35$37.90$38.60$38.60-2.675,903,100
2026-05-15$37.40$42.65$37.35$41.06$41.06+3.667,052,000
2026-05-14$35.88$40.95$35.50$40.63$40.63+4.7511,370,400
2026-05-13$36.00$38.41$36.00$36.54$36.54+0.5435,164,300

SEC Filings

Official documents from SEC EDGAR

FormFiling DateDocument
8-KMay 15, 2026Current Report
S-8 POSMay 14, 2026Securities to be offered to employees in employee benefit plans, post-effective amendments
S-8May 14, 2026Securities to be offered to employees in employee benefit plans
424B4May 14, 2026Prospectus
EFFECTMay 12, 2026Notice of Effectiveness
CERTMay 12, 2026Certification by an exchange approving securities for listing
8-A12BMay 11, 2026Registration of securities
S-1/AMay 11, 2026[Amend] General form for registration of securities under the Securities Act of 1933
S-1/AMay 8, 2026[Amend] General form for registration of securities under the Securities Act of 1933
S-1/AMay 4, 2026[Amend] General form for registration of securities under the Securities Act of 1933

Company Info

Contact and headquarters details

Websitehttps://fervoenergy.com
HeadquartersUnited States
Founded2017
Employees199
Phone832 554 3253
Address811 Main Street, Suite 1700Houston, Texas 77002United States

Leadership

Key executives and officers

TL

Tim Latimer

Chief Executive Officer and Chair of the Board

JN

Jack Norbeck

Chief Technology Officer

DU

David Ulrey

Chief Financial Officer

GT

Gustavo Torres

Senior Vice President, General Counsel & Corporate Secretary

SJ

Sarah Jewett

Senior Vice President, Strategy

QW

Quinn Woodard Jr.

Vice President, Operations

DO

Dawn Owens

Senior Vice President, Head of Development & Commercial Markets

CG

Christian Gradl

Senior Vice President, GeoBlock Factory

MC

Margaret C. Whitman

Lead Independent Director

RK

Robert Keehan

Director and Chair of the Audit Committee

Fervo Energy Company IPO - FAQs

The current price of FRVO is 36.66 USD — it has decreased by −5.27% in the past 24 hours. Watch Fervo Energy Company stock price performance more closely on the chart.








Quick Facts

Exchange
NASDAQ
Ticker
FRVO
Deal Type
IPO
Offer Size
$1.89B
Market Cap
$10.40B
Shares Offered
70M

Company Info

Website
https://fervoenergy.com
Headquarters
United States
Founded
2017
Employees
199
Phone
832 554 3253
Address
811 Main Street, Suite 1700Houston, Texas 77002United States
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Fervo Energy Company

Fervo Energy Company

FRVONASDAQ
listed
$8.95-75.15% All time

USD · NASDAQ:FRVO

Issue Size

$1.89B

Price Range

$25.00 - $26.00

Shares

283.56M o/s · 70M offered

Listing Price

$36.00

Listing date

May 13, 2026

Sector

Utilities