🔴 Fervo Energy is trading 4% down today after reporting a $55.9 million net loss

Fervo Energy is trading 4% down now at $23.20 after reporting its first quarterly results as a public company, including a $55.9 million net loss.

• Q2 capital expenditures were $226.5 million, reflecting aggressive Cape Station investment.
• Earnings coverage cited a $0.38-per-share loss, below estimates, despite the raised 1.1 GW 2030 development target.
• Cape Station remains on track for first power in Q4 2026, but investors appear focused on near-term losses and execution costs.