# Fervo Energy Company (FRVO)

> Source: Nexqual · https://nexqual.com/FRVO · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Fervo Energy Company (FRVO), nexqual.com/FRVO" · informational, not investment advice.

**Price:** USD 8.25 (-8.54% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 8.25 · day 8.22–8.93 · 52w 8.22–42.65 · market cap null · NMS

## Key facts
- 1 of 80 tracked superinvestors hold FRVO (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.71 on a 1–5 scale) (14 analysts), mean target USD 35.5 (range 16–51).
- Total return with dividends: 1Y -77.4% vs S&P 500 +14.9%; 5Y -79.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-16, EPS estimate USD -0.06, revenue estimate $150K.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold FRVO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Viking Global | Viking Global Investors | 0.06% | $21.9M | New position |

## Analysts
Consensus Buy (mean 1.71 on a 1–5 scale), 14 analysts; mean target USD 35.5 (low 16, high 51).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | JP Morgan | Target lowered | Overweight | $38 → $27 |
| 2026-10-02 | Bernstein | Reiterated | Outperform | $47 |
| 2026-09-25 | Wolfe Research | Upgrade | Peer Perform → Outperform | $29 |
| 2026-09-25 | B of A Securities | Target lowered | Buy | $36 → $30 |
| 2026-09-24 | Johnson Rice | Initiated | Buy | $35 |
| 2026-09-24 | Bernstein | Reiterated | Outperform | $47 |
| 2026-09-10 | Northland Capital Markets | Initiated | Outperform | $27 |
| 2026-08-13 | Baird | Target lowered | Outperform | $50 → $35 |
| 2026-07-20 | Jefferies | Upgrade | Hold → Buy | $41 → $34 |
| 2026-07-17 | B of A Securities | Upgrade | Neutral → Buy | $40 → $36 |

## Total return (dividends reinvested)
|  | 1Y (from 2026-05-13) | 5Y (from 2026-05-11) |
|---|---|---|
| Total return | -77.4% | -79.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | — | — |
| Volatility (annualized) | 112.5% | 84.9% |
| Max drawdown | -80.6% (May 2026→Oct 2026) | -79.9% (May 2026→Oct 2026) |

## Peers (Utilities - Renewable)
RNW (ReNew Energy Global plc) USD 6.88 +0.15% · MWH (SOLV Energy, Inc.) USD 21.53 -7.40% · ORA (Ormat Technologies, Inc.) USD 88.1 -1.51% · FLNC (Fluence Energy, Inc.) USD 5.7 -5.00% · ENIC (Enel Chile S.A.) USD 4.34 -1.81% · XIFR (XPLR Infrastructure, LP) USD 9.84 -0.51%

## More
Full page: https://nexqual.com/FRVO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.06 | $-0.05 | +3.1% | $150,000 | 5 |
| Next quarter (ends 2026-12-31) | $-0.02 | $0.01 | -290.4% | $4.8M | 6 |
| Current fiscal year (ends 2026-12-31) | $-0.39 | $-0.19 | +101.5% | $6.1M | 7 |
| Next fiscal year (ends 2027-12-31) | $-0.28 | $-0.20 | +37.8% | $71.8M | 7 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-16): ±24.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 101.7% | ±24.7% |
| 2026-12-18 | 56 | 101.5% | ±32.8% |
| 2027-01-15 | 84 | 99.6% | ±40.1% |
| 2027-03-19 | 147 | 99.4% | ±52.1% |
| 2027-04-16 | 175 | 95.6% | ±54.5% |
| 2027-06-17 | 237 | 93.1% | ±61.4% |