Fervo Energy Company (FRVO)
Fervo Energy Company operates in the Renewable Utilities industry of the Utilities sector, headquartered in Houston, TX, US. The stock last traded at $20.16, down 16.59% on the session, giving a market capitalisation of $5.78B. On trailing twelve-month figures it carries a trailing P/E of -80.64, a net margin of -51097.8%. Its beta of 1.54 implies it has historically moved more than the broad market.
Fervo Energy Company, a geothermal energy developer, builds, owns, and operates geothermal power facilities. The company's product incorporates horizontal drilling and distributed fiber optic sensing that increase the productivity and lifetime of geothermal wells. The company employs precision directional drilling technology to drill horizontally in geothermal reservoirs and develops a data analytics algorithm that enables the identification of existing resources and optimizes flow distribution through the reservoir for heat mining efficiency. The company was incorporated in 2017 and is based in Houston, Texas, with an additional location in Berkeley, California.