Fervo Energy is trading 8.74% up at $22.09 after investors reassessed its August 12 earnings update.
- Management raised its 2030 development target to 1.1 gigawatts, kept Cape Station’s first-power target for the fourth quarter of 2026, and reported a $7.2 billion contracted backlog.
- The move follows a 16.59% decline on August 12 after the wider loss was disclosed, suggesting a rebound as investors focus on execution and long-term growth.
- Early-session activity is live; no reliable volume figure is available.