🔴 Fervo Energy is trading 11.29% down today after reporting a $55.9 million net loss

Fervo Energy is trading 11.29% down now at $21.44 after its first public-company earnings report showed a $55.9 million net loss.

• Second-quarter capital expenditures were $226.5 million.
• Management raised its 2030 development target to 1.1 GW and maintained Cape Station commissioning plans.
• Second-half capital expenditures are forecast at $850–$900 million, while investors appear focused on accelerating cash deployment and execution risk.