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Q3 2026 earnings • released • EPS miss -70.72% • Revenue miss -22.67%
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FRVO:NASDAQ
Fervo Energy Co
$11.51
-1.20%
(-0.14) 1D
$11.32
-1.65% (-0.19)
After hours
Closed: Nov 13, 4:00:00 PM GMT-5  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for FRVO...
Open
$11.71
High
$11.99
Low
$10.97
Mkt. cap
3.40B
Avg. vol.
9.84M
Volume
7.24M
52-wk high
$42.65
52-wk low
$7.72
EPS
-$0.51
No. of employees
306
Open
$11.71
High
$11.99
Low
$10.97
Mkt. cap
3.40B
Avg. vol.
9.84M
Volume
7.24M
52-wk high
$42.65
52-wk low
$7.72
EPS
-$0.51
No. of employees
306
News stories
From web sources and news partners
Profile
Fervo Energy is a geothermal company based in Houston, Texas, that generates electricity through enhanced geothermal systems. Fervo Energy was co-founded in 2017 by CEO Tim Latimer, a mechanical engineer who worked as a drilling engineer at BHP until 2015, and CTO Jack Norbeck. In 2023, Fervo Energy announced that its first commercial pilot geothermal plant, Project Red, was successful in generating three megawatt of baseload power and consistently maintained flow rates of 60 litres per second. It is also developing Cape Station, the company's first multi-phased greenfield geothermal development. Wikipedia
About Fervo Energy Co
CEO-
Employees306
Founded2017
HeadquartersHouston, Texas, United States
SectorUtilities
IndustryRenewable energy
Analyst ratings
Based on 15 analysts giving stock ratings to FRVO in the past 3 months
Strong buy
Buy
15
Hold
0
Sell
0
12-month forecast
Based on 15 Wall Street analysts offering 12 month price targets for FRVO in the last 3 months.
Highest
Current $11.51
$48.00 (+317.03%)
Average
$31.57 (+174.28%)
Lowest
$17.00 (+47.70%)
Analyst
Recommendation
Action
Price target
Projected
Date
Ross Fowler
Bank of America Securities
Buy
Reiterated
$25.00
+117.2%
11/12/2026
David Anderson
Barclays
Buy
Maintained
$48.00
+317%
11/11/2026
Ben Kallo
Robert W. Baird
Buy
Maintained
$20.00
+73.8%
11/10/2026
Jeff Grampp
Northland Securities
Buy
Maintained
$25.00
+117.2%
11/10/2026
Justin Clare
Roth MKM
Buy
Reiterated
$37.00
+221.5%
11/10/2026
Devin McDermott
Morgan Stanley
Buy
Reiterated
$23.00
+99.8%
11/10/2026
Chris Dendrinos
RBC Capital
Buy
Maintained
$36.00
+212.8%
11/09/2026
Sean Milligan
Needham
Buy
Maintained
$17.00
+47.7%
11/10/2026
Bob Brackett
Bernstein
Buy
Maintained
$47.00
+308.3%
10/19/2026
Mark Strouse
J.P. Morgan
Buy
Reiterated
$27.00
+134.6%
10/19/2026
Steve Fleishman
Wolfe Research
Buy
Upgraded
$29.00
+152%
09/25/2026
Martin Malloy
Johnson Rice
Buy
Initiated
$35.00
+204.1%
09/23/2026
Julien Dumoulin Smith
Jefferies
Buy
Reiterated
$25.00
+117.2%
09/03/2026
Jed Dorsheimer
William Blair
Buy
Maintained
-
-
09/01/2026
Joseph Osha
Guggenheim
Buy
Maintained
$48.00
+317%
08/18/2026
Derek Podhaizer
Piper Sandler
Buy
Maintained
$51.00
+343.1%
06/23/2026
Last report
Nov 9, 2026
Fiscal period
Q3 2026
-$0.11 / -$0.07
-70.72%miss
Revenue / Est. (USD)
116.00K / 150.00K
-22.67%miss
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Sep 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
55.00K
61.00K
113.00K
116.00K
Cost of goods sold
362.00K
482.00K
306.00K
1.49M
Cost of revenue
362.00K
482.00K
306.00K
1.49M
Research and development expenses
-72.00K
-72.00K
-712.00K
73.00K
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
13.32M
19.61M
28.92M
41.96M
Operating expense
13.35M
19.63M
28.55M
42.38M
Total operating expenses
13.71M
20.11M
28.86M
43.86M
Operating income
-13.66M
-20.05M
-28.74M
-43.75M
Other non operating income
-67.00K
-11.88M
-35.48M
12.27M
EBT including unusual items
-15.79M
-31.83M
-55.91M
-18.25M
EBT excluding unusual items
-15.79M
-31.83M
-55.91M
-18.25M
Income tax expense
-
-
1.00K
-29.91M
Effective tax rate
-
-
-
163.89%
Other operating expenses
-
-
-
-
Net income
-15.79M
-31.83M
-55.92M
-19.53M
Net profit margin
-28,703.64%
-52,180.33%
-49,482.30%
-16,833.62%
Earnings per share
-
-
-0.38
-0.11
Interest and investment income
377.00K
2.82M
10.52M
15.37M
Interest expense
-2.44M
-2.72M
-2.22M
-2.14M
Net interest expenses
-2.06M
98.00K
8.31M
13.23M
Depreciation and amortization charges
105.00K
93.00K
344.00K
346.00K
EBITDA
-13.55M
-19.96M
-28.40M
-43.40M
Gain or loss from assets sale
-
-
-
-
Insider transactions
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