FRVO
Fervo Energy Company
NasdaqGSUSDEQUITY
Utilities
DELAYED
Sell
-26/100
Last price
14.19
▲ 0.73 (5.44%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
13.46
Prev close
13.46
Day high
14.56
Day low
13.23
Volume
13.02M
Market cap
$4.22B
P/E (TTM)
—
52W range
13.10 – 42.65
Day trading desk
Gap from prior close
-0.00%
Prior close 13.46
VWAP
14.00
+1.35% from price
Relative volume
2.29×
Unusually busy
Session range
10.05%
13.23 – 14.56
Position in range
72%
Near session high
ATR (14D)
1.28
9.04% of price
Prior day high
14.69
PDH
Prior day low
13.10
PDL
Bid / ask spread
—
Quote not published
Session volume
12.33M
Avg 5.38M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+4.22%
+2.3%
1M
-21.09%
-22.2%
3M
-39.20%
-43.7%
6M
—
-18.2%
YTD
-60.78%
-75.0%
1Y
—
-16.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on FRVO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
64.83M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 14, 26 | YADIGAROGLU ION Director and Beneficial Owner of more than 10% of a Class of Security |
— | 34.23M | — | Indirect |
| May 14, 26 | DEVON ENERGY CORP Beneficial Owner of more than 10% of a Class of Security |
— | 35.73M | — | Indirect |
| May 14, 26 | TIF PARTNERS, LLC Beneficial Owner of more than 10% of a Class of Security |
— | 34.23M | — | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
DEVON ENERGY CORP |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
TIF PARTNERS, LLC |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
YADIGAROGLU ION |
Director and Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
Fundamentals
Market cap$4.22B
Enterprise value$2.64B
Revenue (TTM)$312.00K
Gross profit$-454.00K
EBITDA$-76.75M
Net income$-144.53M
EPS (TTM)$-1.26
Free cash flow—
Total cash$2.11B
Total debt$338.28M
Book value / share$9.48
Shares outstanding286.98M
Float183.83M
Short % of float—
Dividend yield0.00%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E-52.52
PEG ratio—
Price / sales—
Price / book1.51
EV / revenue8,470.66
EV / EBITDA-34.44
Gross margin-145.51%
Operating margin-25435.40%
Profit margin0.00%
Return on equity—
Return on assets—
Debt / equity11.35
Current ratio8.62
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | YoY |
|---|---|---|---|
| Total revenue | $138.00K | $199.00K | -30.7% |
| Operating revenue | $138.00K | $199.00K | -30.7% |
| Cost of revenue | $388.00K | $380.00K | +2.1% |
| Gross profit | -$250.00K | -$181.00K | -38.1% |
| Research & development | -$133.00K | -$97.00K | -37.1% |
| Selling, general & admin | $48.40M | $41.63M | +16.3% |
| Total operating expense | $48.56M | $41.66M | +16.6% |
| Operating income | -$48.81M | -$41.84M | -16.7% |
| Net interest income | -$4.21M | $1.02M | -512.7% |
| Pre-tax income | -$57.79M | -$41.05M | -40.8% |
| Tax provision | $1.00K | $56.00K | -98.2% |
| Net income | -$57.79M | -$41.11M | -40.6% |
| Net income to common | -$57.79M | -$41.11M | -40.6% |
| Basic EPS | -0.20 | -0.14 | -40.6% |
| Diluted EPS | -0.20 | -0.14 | -40.6% |
| EBIT | -$49.38M | -$40.29M | -22.6% |
| EBITDA | -$49.09M | -$40.16M | -22.2% |
| Basic shares | 283.56M | 283.56M | 0.0% |
| Diluted shares | 283.56M | 283.56M | 0.0% |
| Line item | 2025 | 2024 | YoY |
|---|---|---|---|
| Cash & equivalents | $461.84M | $193.43M | +138.8% |
| Cash & short-term investments | $461.84M | $193.43M | +138.8% |
| Total current assets | $482.13M | $205.30M | +134.8% |
| Property, plant & equipment | $848.28M | $284.57M | +198.1% |
| Total assets | $1.37B | $531.30M | +156.9% |
| Total current liabilities | $151.91M | $66.83M | +127.3% |
| Long-term debt | $172.84M | $39.02M | +343.0% |
| Total debt | $250.30M | $81.80M | +206.0% |
| Total liabilities | $1.43B | $708.49M | +102.1% |
| Retained earnings | -$244.54M | -$179.78M | -36.0% |
| Shareholder equity | -$246.50M | -$177.19M | -39.1% |
| Working capital | $330.22M | $138.47M | +138.5% |
| Net tangible assets | -$246.50M | -$177.19M | -39.1% |
| Shares issued | 283.56M | 283.56M | 0.0% |
| Line item | 2025 | 2024 | YoY |
|---|---|---|---|
| Net income | -$57.79M | -$41.11M | -40.6% |
| Depreciation & amortisation | $290.00K | $124.00K | +133.9% |
| Stock-based compensation | $2.67M | $1.37M | +94.5% |
| Change in working capital | $12.09M | -$19.91M | +160.7% |
| Operating cash flow | -$31.76M | -$54.75M | +42.0% |
| Capital expenditure | -$465.66M | -$178.69M | -160.6% |
| Investing cash flow | -$465.66M | -$178.69M | -160.6% |
| Share buybacks | -$1.94M | $0 | — |
| Financing cash flow | $765.82M | $403.75M | +89.7% |
| Free cash flow | -$497.42M | -$233.44M | -113.1% |
| End cash position | $467.84M | $199.43M | +134.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Total revenue | $113.00K | $61.00K | $0 | $0 | +85.2% |
| Operating revenue | $113.00K | $61.00K | $0 | $0 | +85.2% |
| Cost of revenue | $306.00K | $482.00K | $158.00K | $252.00K | -36.5% |
| Gross profit | -$193.00K | -$421.00K | -$158.00K | -$252.00K | +54.2% |
| Research & development | -$712.00K | -$72.00K | $395.00K | -$36.00K | -888.9% |
| Selling, general & admin | $28.92M | $19.61M | $9.69M | $9.67M | +47.5% |
| Total operating expense | $28.55M | $19.63M | $10.14M | $9.68M | +45.4% |
| Operating income | -$28.74M | -$20.05M | -$10.30M | -$9.93M | -43.3% |
| Net interest income | $8.31M | $98.00K | -$1.14M | $801.00K | +8,375.5% |
| Pre-tax income | -$55.91M | -$31.83M | -$11.44M | -$9.15M | -75.7% |
| Tax provision | $1.00K | — | $2.00K | — | — |
| Net income | -$59.53M | -$35.26M | -$11.63M | -$9.15M | -68.8% |
| Net income to common | -$59.53M | -$35.26M | -$11.63M | -$9.15M | -68.8% |
| Basic EPS | -0.38 | -0.12 | -0.04 | -0.03 | -205.6% |
| Diluted EPS | -0.38 | -0.12 | -0.04 | -0.03 | -205.6% |
| EBIT | -$53.70M | -$29.11M | -$9.70M | -$7.92M | -84.5% |
| EBITDA | -$53.35M | -$29.02M | -$9.64M | -$7.87M | -83.9% |
| Basic shares | 157.00M | 283.56M | 283.56M | 283.56M | -44.6% |
| Diluted shares | 157.00M | 283.56M | 283.56M | 283.56M | -44.6% |
| Line item | 2026-06-30 | 2026-03-31 | YoY |
|---|---|---|---|
| Cash & equivalents | $2.11B | $280.78M | +650.2% |
| Cash & short-term investments | $2.11B | $280.78M | +650.2% |
| Total current assets | $2.15B | $307.87M | +599.7% |
| Property, plant & equipment | $1.32B | $1.06B | +24.5% |
| Total assets | $3.54B | $1.43B | +147.6% |
| Total current liabilities | $250.03M | $201.92M | +23.8% |
| Current debt | $11.04M | — | — |
| Long-term debt | $217.38M | $186.64M | +16.5% |
| Total debt | $338.29M | $298.32M | +13.4% |
| Total liabilities | $554.28M | $1.52B | -63.6% |
| Retained earnings | -$332.28M | -$276.36M | -20.2% |
| Shareholder equity | $2.79B | -$278.32M | +1,103.8% |
| Working capital | $1.90B | $105.95M | +1,697.2% |
| Net tangible assets | $2.79B | -$278.32M | +1,103.8% |
| Shares issued | 294.65M | 283.56M | +3.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Net income | -$55.91M | -$31.83M | -$11.44M | -$9.15M | -75.7% |
| Depreciation & amortisation | $344.00K | $93.00K | $56.00K | $47.00K | +269.9% |
| Stock-based compensation | $8.23M | $2.62M | $613.00K | $489.00K | +214.7% |
| Change in working capital | -$19.51M | $1.75M | -$1.67M | $24.94M | -1,213.1% |
| Operating cash flow | -$34.74M | -$9.04M | -$10.85M | $17.07M | -284.4% |
| Capital expenditure | -$226.49M | -$172.79M | -$107.92M | -$105.44M | -31.1% |
| Investing cash flow | -$226.49M | -$172.79M | -$107.92M | -$105.44M | -31.1% |
| Share buybacks | $0 | $0 | -$15.00K | -$1.95M | — |
| Financing cash flow | $2.09B | $770.00K | $96.29M | $6.17M | +271,564.4% |
| Free cash flow | -$261.22M | -$181.83M | -$118.78M | -$88.37M | -43.7% |
| End cash position | $2.12B | $286.78M | $94.75M | $117.23M | +638.3% |
Options analytics
Put / call volume
4.63
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
5.00
-65.1% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
+18.7%
Puts bid over calls
Call volume
929
Contracts, this expiry
Put volume
4.30K
Contracts, this expiry
Heaviest call OI
5.00
0 contracts
Heaviest put OI
7.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.07 | -0.38 | -470.0% |
| Mar 2026 | -0.05 | — | — |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.05 | 6 | $150.00K | — |
| Next quarter | -0.02 | 7 | $4.74M | — |
| Current year | -0.39 | 7 | $6.08M | — |
| Next year | -0.27 | 7 | $71.87M | +1,081.8% |
Analyst targets & ownership
Mean target$39.07
High target$51.00
Low target$25.00
Implied upside175.31%
Analyst count14
ConsensusSTRONG BUY
Strong buy / Buy4 / 10
Hold0
Sell / Strong sell0 / 0
Held by insiders21.99%
Held by institutions59.26%
Institutions holding244
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
14.64
-3.05% from price
SMA 20
15.37
-6.74% from price
SMA 50
17.76
-19.29% from price
SMA 100
25.08
-43.40% from price
SMA 200
—
—
EMA 12
14.75
-3.79% from price
EMA 26
15.91
-10.78% from price
EMA 50
18.60
-23.71% from price
RSI (14)
41.6
Neutral
MACD (12,26,9)
-1.16
Hist 0.01
ATR (14)
1.28
8.95% of price
Realised vol 30D
112.0%
Annualised
Bollinger upper
17.72
20, 2σ
Bollinger lower
13.01
20, 2σ
50 / 200 cross
—
—
Trend bias
—
—
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.36
More volatile than market
Correlation to SPY
0.25
Largely independent
Realised vol 30D
112.0%
Annualised
Market vol 1Y
12.4%
SPY, annualised
Max drawdown 1Y
-68.3%
Peak to trough
Max drawdown 5Y
-68.3%
Peak to trough
ATR 14
1.28
8.95% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
17.68M
Prior 9.57M
Change vs prior
+84.8%
Shorts adding
% of float
—
—
% of shares out
6.00%
Against total outstanding
Days to cover
2.5
Liquid
Float
183.83M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 26 | Bernstein | MAINTAINED | Outperform | Outperform |
| Sep 25, 26 | Wolfe Research | UPGRADE | Peer Perform | Outperform |
| Sep 25, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Sep 24, 26 | Johnson Rice | INITIATED | — | Buy |
| Sep 24, 26 | Bernstein | MAINTAINED | Outperform | Outperform |
| Sep 10, 26 | Northland Capital Markets | INITIATED | — | Outperform |
| Aug 13, 26 | Baird | MAINTAINED | Outperform | Outperform |
| Jul 20, 26 | Jefferies | UPGRADE | Hold | Buy |
| Jul 17, 26 | B of A Securities | UPGRADE | Neutral | Buy |
| Jun 24, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jun 23, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jun 23, 26 | Baird | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-01
Corporate Changes & Voting Matters
8-K · 2026-09-01
Periodic Financial Reports
10-Q · 2026-08-13
Corporate Changes & Voting Matters
8-K · 2026-08-12
Periodic Financial Reports
10-Q · 2026-06-23
Corporate Changes & Voting Matters
8-K · 2026-06-22
Corporate Changes & Voting Matters
8-K · 2026-06-10
Corporate Changes & Voting Matters
8-K · 2026-05-15
Headlines
Why Did JOBY, FRVO, PEP Stocks Plunge To 52-Week Lows Today?
Stocktwits · 1d ago
Fervo Energy Reaches Commercial Operation at Cape Station
Zacks · 2d ago
The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have It
MarketBeat · 3d ago
MarketBeat Week in Review – 09/28 - 10/02
MarketBeat · 4d ago
Fervo Stock Surges as It Declares Commercial Operation Ahead of Schedule
Barchart · 5d ago
World’s first enhanced geothermal power plant completed in just 23 months
TechCrunch · 6d ago
Wolfe Research sees nearly 100% upside in crashing energy stock
TheStreet · 6d ago
Fervo Energy's First Cape Station GeoBlock Reaches Commercial Operation
MT Newswires · 6d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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