🟢 Fervo Energy is trading 4.8% up today on record drilling efficiency at Cape Station project

Fervo Energy is trading 4.8% up at $28.43 in after-hours sessions after announcing a new drilling pace record at its Cape Station geothermal project.

• The company completed the Sawtooth 7 well in just 21 days, reaching a depth of 19,448 feet with a 7,500-foot lateral, representing a 70% reduction in drilling time.
• These efficiency gains highlight the rapid scaling potential of Fervo’s next-generation geothermal development technology.
• The stock is currently rebounding from a slight decline experienced during Friday's regular trading session.