tradingview.comNov 10

Baird maintains Fervo Energy at Outperform, lowers price target to $20 from $26

Baird kept its Outperform rating on Fervo Energy but cut its price target to $20 from $26, citing a 23.1% reduction. This target suggests a 75.7% upside from the Nov 9 close of $11.38. Recent analyst notes on the company have price targets ranging from $17 to $47.

Original reporting

tradingview.com

Published Nov 10, 2026, 11:41 AM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Nov 10, 2026, 11:47 AM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

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Baird maintains Fervo Energy at Outperform, lowers price target to $20 from $26 — source image — Source · tradingview.com

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$FRVOMed

Fervo Energy soars as Cape Station's first GeoBlock enters commercial operation (FRVO:NASDAQ)

Fervo Energy (FRVO) shares rose 26.1% after the company announced the commercial operation of its 33 MW GeoBlock 1 at Cape Station Phase 1, ahead of schedule.

seekingalpha.comNov 9

$FRVOMedAI 8/10

Fervo Energy (FRVO) Q3 2026 Earnings Call Transcript

Fervo Energy (FRVO) reported Q3 2026 earnings, highlighting the startup of operations and a new PPA with Google. The company achieved commercial operation at its first GeoBlock ahead of schedule, with GeoBlocks 2 and 3 on track for 2027. The 15-year PPA with Google covers 396 MW, with an option for an additional 600 MW. Construction progress and safety milestones were also discussed.

finance.yahoo.comNov 9

$FRVOMedAI 8/10

Fervo Energy Q3 Earnings Call Highlights

Fervo Energy (FRVO) announced a 15-year agreement with Google for 396 MW of power, adding to its $11.9B backlog. Q3 capex rose to $256.7M, with Q4 expected at $450M-$500M. The company has $1.9B in cash and targets $3,000/kW costs long-term. It plans project financing for Google's project by mid-2027.

finance.yahoo.comNov 9

HighAI 8/10

Fervo Energy Q3 2026 slides: first commercial geothermal plant online

Fervo Energy reported Q3 2026 results, achieving commercial operation at its first geothermal plant, Cape Station, ahead of schedule. Shares rose 20.39% to $10.87. The company signed a 396 MW PPA with Google, expanding its revenue backlog to $11.9 billion. Fervo also highlighted technological advancements reducing geothermal development costs.

investing.comNov 9

Med

Fervo Energy Stock Rallies 16% Ahead of First Results Since Cape Station Plant Began Delivering Power

Fervo Energy's stock rose 16% ahead of its first quarterly report since its Utah plant began operations. The company reported minimal revenue ($116k) but significant net income ($11.66M) due to tax benefits. Costs increased, with capital expenditures at $256.7M. Fervo has a 15-year deal with Google for 396MW. Analysts see upside, with a consensus price target of $34.07. The company will host an investor event on Nov. 19.

ibtimes.com.auNov 9