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FRVOUtilities · Utilities - Renewable

FRVO Stock Forecast: Fervo Energy Co. Price Predictions for 2026-2027

Last close, 18 Sept 2026
$17
+1.50% on the day

The 13 Wall Street analysts covering Fervo Energy Co. hold a median 12-month price target of $44 — +160.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 0 of 100 as at 19 Sept 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$5.0B
Ticker Nerd rank
0 / 100
Median analyst target
$44
Analysts covering
13
Revenue$113K
Operating income−$28.7M
Net income−$55.9M
Free cash flow−$261.2M
Quarterly, 4 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+8.5%
1M
−5.9%
From high
−60.2%
From low
+14.5%
$15
$43
Range since 13 May 2026, adjusted closes · the dot is the last close
Ticker Nerd rank

FRVO stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Fervo Energy Co. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 19 Sept 2026
0 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
37
Size
23
Accruals
8
Issuance
4
Momentum
1
Quality
0
Volatility
0
Value
0
Growth
0

Revisions (37): Analysts have, on balance, been raising their forecasts.

Growth (0): Sales and profits are flat, shrinking, or growing more slowly than they were.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

FRVO stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on FRVO, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, since 13 May 2026Adjusted close, US dollars
$10$20$30$40$50Jun 26Jul 26Aug 26Sep 26FRVOHigh $51Median $44Low $25

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says13 analysts
12 Buy1 Hold0 Sell
Low $25Median $44High $51

The green dot is the last close — the median target sits +160.2% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
10 Sept 2026Northland Capital MarketsInitiatesOutperform$27
13 Aug 2026BairdMaintainsOutperform—
13 Aug 2026BairdMaintainsOutperform$50 → $35
20 July 2026JefferiesUpgradeBuy$41 → $34
20 July 2026JefferiesUpgradeBuy—
17 July 2026B of A SecuritiesUpgradeBuy$40 → $36
17 July 2026B of A SecuritiesUpgradeBuy—
24 June 2026BarclaysMaintainsOverweight$47 → $48
24 June 2026BarclaysMaintainsOverweight—
23 June 2026BairdMaintainsOutperform—
23 June 2026BairdMaintainsOutperform$47 → $50
23 June 2026RBC CapitalReiteratesOutperform—
23 June 2026RBC CapitalReiteratesOutperform$46
17 June 2026BernsteinInitiatesOutperform$47
17 June 2026BernsteinInitiatesOutperform—
12 June 2026Roth CapitalInitiatesBuy—
8 June 2026B of A SecuritiesInitiatesNeutral—
8 June 2026BairdInitiatesOutperform—
8 June 2026BarclaysInitiatesOverweight—
8 June 2026BernsteinInitiatesOutperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FRVO appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

FRVO vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

FRVO vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120Jun 26Jul 26Aug 26Sep 26FRVOS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

FRVO analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
0
Analysts cutting
3
Fundamentals

Fervo Energy Co. (FRVO) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−83.1×

Cheaper than 99% of US stocks

Price / sales
15975.8×

Cheaper than 1% of US stocks

Price / book
1.8×

Cheaper than 49% of US stocks

EV / EBITDA
−44.3×

Cheaper than 94% of US stocks

Growth & margins
Revenue growth (YoY)
85.2%

Higher than 91% of US stocks

Earnings growth (YoY)
—
Gross margin
−170.8%

Higher than 1% of US stocks

Operating margin
−25435.4%

Higher than 1% of US stocks

Net margin
−181.2%

Higher than 3% of US stocks

Returns & dividend
Return on equity
86.8%

Higher than 95% of US stocks

Return on assets
−4.2%

Higher than 33% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Fervo Energy Co. (FRVO) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Fervo Energy Co. has a market value of $5.0B and an enterprise value of $3.4B.

  • Revenue in the twelve months to 30 June 2026: $174K. The latest quarter grew 85.2% year on year.

  • Net income over the same four quarters: −$108.3M, a −62258.0% net margin.

  • Diluted earnings per share, trailing twelve months: $−0.58.

  • Free cash flow in the twelve months to 30 June 2026: −$650.2M, after $612.6M of capital spending.

  • Fervo Energy Co. spent $2.0M on share buybacks in the twelve months to 30 June 2026.

  • Shares outstanding: 294.7M.

  • Trailing P/E: −83.1×; forward P/E: −63.3× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Fervo Energy Co. employs 261 people — $666.7 of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 20 Sept 2026

Data provided by Twelve Data

Peers

FRVO vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelUtilities - Renewable
CompanyMarket capTKN rank
FRVOFervo Energy Co.$5.0B
0
BEPCBrookfield Renewable Corp.$5.4B
9
MWHSOLV Energy, Inc.$5.6B
2
ORAOrmat Technologies, Inc.$5.9B
36
CWENClearway Energy, Inc.$6.3B
36
RNWReNew Energy Global Plc$2.5B
42
ENLTEnlight Renewable Energy Ltd.$10.4B
17

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Fervo Energy Co. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest FRVO news & analysis

Is Fervo Energy a Buy Before Cape Station Comes Online?

The Motley Fool · 15 Sept 2026positive

Fervo Energy has demonstrated that enhanced geothermal can generate power, but the commercial viability of the technology will be tested at the upcoming Cape Station project. Faster drilling, long-term power agreements, and rising AI electricity demand are cited as factors creating potential upside for the company.

Why it matters — FRVO watchers would be interested because Cape Station represents the key test of Fervo's commercial model, and its outcome will help determine the company's growth prospects in the geothermal sector.

Fervo Energy Company (FRVO) Faces Investor Scrutiny Amid Post-IPO Transmission Curtailment Revelation - HBSS

PRNewsWire · 10 Sept 2026negative

During its August 12, 2026 Q2 2026 earnings call, Fervo Energy Company disclosed it expects a temporary shutdown of certain transmission infrastructure it relies on to deliver electricity from its Cape Station project, drawing investor scrutiny following its IPO.

Why it matters — FRVO watchers would note that transmission disruption at Cape Station could temporarily affect the company's ability to deliver electricity from a key project.

This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom

CNBC · 5 Sept 2026positive

Fervo Energy's Cape Station enhanced geothermal project in Milford, Utah, is on pace to send power to the grid next month, which would make it the first enhanced geothermal system in the U.S. to reach commercial operation. The project aims to unlock gigawatts of power to help fuel the data center boom.

Why it matters — A FRVO watcher would care because Fervo appears poised to achieve a first-of-its-kind commercial milestone in U.S. enhanced geothermal, expanding its operational footprint in a market tied to growing data center power demand.

Inside Fervo Energy's enhanced geothermal project in Utah

CNBC Television · 4 Sept 2026positive

Fervo Energy CEO Tim Latimer discussed the company's enhanced geothermal project at its Cape Station site in Utah on CNBC, covering its focus on enhanced geothermal energy, a new 400 MW agreement with Google, and plans to lower high upfront costs.

Why it matters — A FRVO watcher would care because the segment highlights the company's major new Google deal and its strategy for reducing upfront costs in its enhanced geothermal business.

3 AI Stocks to Buy (and 2 to Skip) as the AI Buildout Hits a New Gear

InvestorPlace · 4 Sept 2026neutral

InvestorPlace published an article titled "3 AI Stocks to Buy (and 2 to Skip) as the AI Buildout Hits a New Gear," which discusses which AI-related stocks are worth considering amid the ongoing AI infrastructure expansion. The excerpt recalls that in summer 2023 nuclear and uranium stocks were seen as poor investments, with questions over whether Big Tech would adopt nuclear power for its data centers.

Why it matters — FRVO watchers may find this relevant because the article touches on the evolving discussion around which power sources, including nuclear, will be relied on to meet the rising electricity demands of data centers.

FAQ

Frequently asked questions about FRVO stock

What is the FRVO stock price forecast for 2026-2027?

The 13 Wall Street analysts covering Fervo Energy Co. have a median 12-month price target of $44, with estimates ranging from $25 to $51. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is FRVO stock a buy right now?

Of the 13 analysts covering Fervo Energy Co., 12 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Fervo Energy Co. 0 out of 100 across roughly 4,600 US stocks as at 19 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FRVO?

As at 19 Sept 2026, Fervo Energy Co. ranks 0 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (37 of 100).

Will FRVO stock go up?

No one can know that. What the data says: the median 12-month target from 13 analysts implies +160.2% from the last close, and Ticker Nerd's factor model ranks Fervo Energy Co. 0 out of 100 as at 19 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the FRVO stock forecast for 2030?

No analyst covering Fervo Energy Co. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FRVO are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $25 to $51 over the next 12 months.

What does Fervo Energy Co. do?

Fervo Energy Co. is a geothermal energy company that develops, builds, owns, and operates power facilities in the United States.

What is the latest news on FRVO?

The most recent item we track (The Motley Fool, 15 Sept 2026): "Is Fervo Energy a Buy Before Cape Station Comes Online?". Fervo Energy has demonstrated that enhanced geothermal can generate power, but the commercial viability of the technology will be tested at the upcoming Cape Station project. Faster drilling, long-term power agreements, and rising AI electricity demand are cited as factors creating potential upside for the company.

Company

About Fervo Energy Co.

Fervo Energy Co. is a geothermal energy company that develops, builds, owns, and operates power facilities in the United States. The company focuses on next-generation geothermal systems designed to produce reliable, 24/7 clean electricity by using advanced drilling, subsurface monitoring, and data analytics to access heat resources deep underground. Its work supports utility-scale power generation and serves markets that need firm renewable energy, including utilities and large electricity users. Fervo Energy Co. also develops projects in phases across leased acreage positions, with its portfolio spanning operating assets, projects under construction, and early-stage development opportunities. Headquartered in Houston, Texas, and incorporated in 2017, Fervo Energy Co. plays a specialized role in expanding geothermal energy as a modern source of dispatchable renewable power.

CEO Mr. Timothy Michael Latimer · 261 employees · United States · https://fervoenergy.com