Fervo Energy Company is trading 14% up today at $40.01 after releasing its first earnings report as a public company and raising its 2026 revenue guidance.

  • The company raised its full-year 2026 revenue guidance to $450M–$480M and projected Q2 revenue of $110M, which appears to be outweighing a Q1 revenue miss and EPS loss.
  • Management highlighted a major 3 GW long-term geothermal development framework agreement with Google through 2033.