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FRVO

Fervo Energy Co

BUY 2026-10-04 Data 8 days old USD 14.45 Utilities - Renewable UtilitiesAWAIT ENTRY
ACTIONABLEMethodology gates passed
64

Position levels

Currenttoday
USD 14.45
Buy <=wait / entry
USD 12.67
Trim >=take some off
USD 22.00
Thesis breakMaterial cancellation or material adverse renegotiation of a binding offtake agr...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case33%100 / 10033.0
Base case51%62 / 10031.6
Bear case16%10 / 1001.6
Weighted conviction64 / 100 - BUY

Top risks

  • 396 MW PPA signed with Google
  • 1,054 MW total binding PPAs with utilities and hyperscalers
  • Cape Station 500 MW project reached commercial operation ahead of schedule
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.