Fervo Energy is trading 5.6% up at $25.52 after its August 12, 2026, second-quarter earnings release and a raised 2030 geothermal development target of 1.1 gigawatts.
- Management raised the target by 100 megawatts; Cape Station advanced toward final commissioning and planned Q4 power.
- The company reported a $55.9 million net loss and $226.5 million in quarterly capital expenditures.
- Investors appear focused on execution and long-term growth.