Why Shares of Fervo Energy Are Crashing This Week
Fervo Energy (NASDAQ: FRVO) reported Q2 2026 results as a newly public company. Revenue was $0.1 million versus $0.04 million expected, but it reported a $0.38 loss per share versus a $0.07 loss estimate. The company cited $8.2 million in employee-related expenses. Baird cut its price target to $35 from $50, and FRVO shares fell about 21% by 10:20 a.m. ET.



