On September 28, Fervo Energy Co. fell 8.07% in regular trading, trading at $13.931 USD/share, with Turnover of $58.42 million.
Within the Renewable Electricity sector where Fervo Energy Co. belongs, the overall sector was broadly under pressure. Among individual stocks, Clearway Energy Inc down 0.74%, Enlight Renewable Energy Ltd. down 0.82%, Brookfield Renewable Corp. down 1.21%, Brookfield Renewable Partners LP down 1.34%, Ormat down 1.52%.
Fervo Energy Co. is a pioneer in enhanced geothermal systems, commercializing scalable, rapidly deployable power by applying proven technologies including horizontal drilling and multi-stage hydraulic fracturing to convert geothermal energy into utility-scale electricity solutions. The company is currently constructing Cape Station, a 500 MW greenfield project, and has signed binding power purchase agreements with investment-grade utilities and corporate energy buyers including Southern California Edison and Shell.
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