🟢 Fervo Energy is trading 4.02% up in pre-market after raising 2030 target to 1.1 gigawatts

Fervo Energy is trading 4.02% up at $20.97 in pre-market after investors assessed its August 12 earnings and operational update.

• Management raised its 2030 geothermal development target to 1.1 gigawatts; Cape Station remains scheduled for initial generation in Q4 2026.
• The company reported a $55.9 million net loss and expects $850 million–$900 million in second-half capital spending, tempering long-term optimism.