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Jefferies sees Senate permitting deal as positive for NextEra

Wed, 30 Sep 2026 05:41:36 -0400

Investing.com -- Senate negotiators reached a bipartisan deal on a permitting package, according to a Wednesday report from Jefferies. More details are expected later this week.

Lead Democratic negotiators have not endorsed the final text and are seeking more clarity on what "return to regular order means" in terms of how the administration will adjust its policies for wind and solar projects. A vote is expected in the lame-duck session after midterms.

Jefferies said the lack of clarity itself could be the last hurdle before a lame-duck vote, calling this an incremental positive development compared to last week's update. The firm sees

Jefferies sees Senate permitting deal as positive for NextEra

Wed, 30 Sep 2026 05:41:36 -0400

Investing.com -- Senate negotiators reached a bipartisan deal on a permitting package, according to a Wednesday report from Jefferies. More details are expected later this week.

Jefferies said the lack of clarity itself could be the last hurdle before a lame-duck vote, calling this an incremental positive development compared to last week's update. The firm sees

Jefferies sees Senate permitting deal as positive for NextEra

Wed, 30 Sep 2026 05:41:36 -0400

Investing.com -- Senate negotiators reached a bipartisan deal on a permitting package, according to a Wednesday report from Jefferies. More details are expected later this week.

Jefferies said the lack of clarity itself could be the last hurdle before a lame-duck vote, calling this an incremental positive development compared to last week's update. The firm sees

Jefferies sees Senate permitting deal as positive for NextEra

Wed, 30 Sep 2026 05:41:36 -0400

Investing.com -- Senate negotiators reached a bipartisan deal on a permitting package, according to a Wednesday report from Jefferies. More details are expected later this week.

Jefferies said the lack of clarity itself could be the last hurdle before a lame-duck vote, calling this an incremental positive development compared to last week's update. The firm sees

Jefferies sees Senate permitting deal as positive for NextEra

Wed, 30 Sep 2026 05:41:36 -0400

Investing.com -- Senate negotiators reached a bipartisan deal on a permitting package, according to a Wednesday report from Jefferies. More details are expected later this week.

Jefferies said the lack of clarity itself could be the last hurdle before a lame-duck vote, calling this an incremental positive development compared to last week's update. The firm sees

Jefferies sees Senate permitting deal as positive for NextEra

Wed, 30 Sep 2026 05:41:36 -0400

Investing.com -- Senate negotiators reached a bipartisan deal on a permitting package, according to a Wednesday report from Jefferies. More details are expected later this week.

Jefferies said the lack of clarity itself could be the last hurdle before a lame-duck vote, calling this an incremental positive development compared to last week's update. The firm sees

Fervo Energy (FRVO) PT Lowered to $30 at BofA Securities

Fri, 25 Sep 2026 06:22:49 -0400

BofA Securities analyst Ross Fowler lowered the price target on Fervo Energy (NASDAQ: FRVO) to $30.00 (from $36.00) while maintaining a Buy rating.

The analyst comments "We lower our PO to $30 from $36 on a lower 12.8x group peer multiple (14.2x prior) and the Cape timing shift. First power and Google strengthen the strategic case, while transmission, ramp execution and the heavier back-end earnings profile remain the key debates. We still value FRVO on a probability-weighted SOTP - Mature at 100%, Advanced Development (AD) at 50% - capitalizing each bucket at an updated exit peer- group multiple, less exit net

Fervo Energy (FRVO) PT Lowered to $30 at BofA Securities

Fri, 25 Sep 2026 06:22:49 -0400

BofA Securities analyst Ross Fowler lowered the price target on Fervo Energy (NASDAQ: FRVO) to $30.00 (from $36.00) while maintaining a Buy rating.

Wolfe Research Upgrades Fervo Energy (FRVO) to Outperform

Fri, 25 Sep 2026 04:46:05 -0400

Wolfe Research analyst Steve Fleishman upgraded Fervo Energy (NASDAQ: FRVO) from Peerperform to Outperform with a price target of $29.00.

For an analyst ratings summary and ratings history on Fervo Energy click here. For more ratings news on Fervo Energy click here.

Shares of Fervo Energy closed at $16.71 yesterday.

Fervo Energy's Cape Station begins exporting power in Utah

Thu, 24 Sep 2026 06:00:37 -0400

Fervo Energy (Nasdaq: FRVO) announced that its Cape Station geothermal development in Beaver County, Utah, has achieved first power, with the facility now synchronized to the grid and exporting electricity.

Cape Station Phase I is an approximately 100 MW installation comprising three 33-megawatt GeoBlocks. The first GeoBlock has achieved first power and is expected to reach its contractual commercial operations date by Oct. 1, 2026. The remaining two GeoBlocks are expected to reach contractual commercial operations by Jan. 1, 2027.

A second phase of 400 MW is already under construction, with an expected commercial operations date in 2028. Fully contracted capacity at

Fervo Energy Achieves First Power at Cape Station, a Landmark Moment for the Future of Enhanced Geothermal Systems

Thu, 24 Sep 2026 06:00:00 -0400

First greenfield Enhanced Geothermal Systems (EGS) project synchronized to the grid and exporting electricity (First Power)
Industry-leading milestone validates EGS as a scalable source of 24/7 carbon-free power
Marks the first megawatts of a multi-gigawatt development, with 900 MW fully contracted and more than 4 GW of capacity

HOUSTON, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced that Cape Station, its flagship geothermal development in Beaver County, Utah, has achieved First Power, marking the first time a utility-scale enhanced geothermal

Fervo Energy Achieves First Power at Cape Station, a Landmark Moment for the Future of Enhanced Geothermal Systems

Thu, 24 Sep 2026 06:00:00 -0400

First greenfield Enhanced Geothermal Systems (EGS) project synchronized to the grid and exporting electricity (First Power)
Industry-leading milestone validates EGS as a scalable source of 24/7 carbon-free power
Marks the first megawatts of a multi-gigawatt development, with 900 MW fully contracted and more than 4 GW of capacity

Johnson Rice Starts Fervo Energy (FRVO) at Buy

Thu, 24 Sep 2026 05:00:13 -0400

Johnson Rice initiates coverage on Fervo Energy (NASDAQ: FRVO) with a Buy rating and a price target of $35.00.

For an analyst ratings summary and ratings history on Fervo Energy click here. For more ratings news on Fervo Energy click here.

Shares of Fervo Energy closed at $16.35 yesterday.

Fervo Energy wins $20M in DOE grants for geothermal in Idaho, Nevada

Tue, 22 Sep 2026 09:01:48 -0400

Fervo Energy (Nasdaq: FRVO) has received two U.S. Department of Energy awards totaling approximately $20 million to develop Enhanced Geothermal Systems (EGS) in Idaho and Nevada, according to a company statement.

In Idaho's Elmore County, Fervo will use the funding to drill and complete EGS wells in partnership with national laboratories. The work will also involve deploying and testing technology for high-temperature EGS operations, including advanced geophysical data collection using high-temperature geophones.

In Nevada's Humboldt County, the grant will fund an appraisal campaign at an EGS prospect to assess the reservoir's suitability for development. Fervo has operated Project Red, an EGS commercial

Fervo Energy Secures Two U.S. Department of Energy Awards to Develop Next-Generation Geothermal in Idaho and Nevada

Tue, 22 Sep 2026 09:00:00 -0400

Two grants, one each for new developments in Idaho and Nevada
Grants support a targeted appraisal campaign and developing new technology for high-temperature EGS operations

HOUSTON, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced it has received two U.S. Department of Energy awards totaling approximately $20 million to accelerate the development of Enhanced Geothermal Systems (EGS) in Idaho and Nevada and to expand next-generation geothermal across the western United States.

In Idaho, Fervo will use the funding

Fervo Energy Secures Two U.S. Department of Energy Awards to Develop Next-Generation Geothermal in Idaho and Nevada

Tue, 22 Sep 2026 09:00:00 -0400

Two grants, one each for new developments in Idaho and Nevada
Grants support a targeted appraisal campaign and developing new technology for high-temperature EGS operations

In Idaho, Fervo will use the funding

Northland Starts Fervo Energy (FRVO) at Outperform, 'Hot Rocks that Power Data Centers'

Thu, 10 Sep 2026 06:55:02 -0400

(Updated - September 10, 2026 6:55 AM EDT)

Northland analyst Jeff Grampp initiates coverage on Fervo Energy (NASDAQ: FRVO) with a Outperform rating and a price target of $27.00.

The analyst comments "Initiating on FRVO with an OP and $27 PT. FRVO is pioneering enhanced geothermal systems (“EGS”), which we think have the potential to create scalable, clean, dispatchable power that can be cost-competitive with gas. The Company has secured >1 GW of binding PPAs worth ~$11.9 billion (including a recent Google PPA) and its first utility-scale project is coming online soon. Our $27 PT is based on 14x EV/EBITDA (’35), estimating

Northland Starts Fervo Energy (FRVO) at Outperform, 'Hot Rocks that Power Data Centers'

Thu, 10 Sep 2026 06:55:02 -0400

(Updated - September 10, 2026 6:55 AM EDT)

Northland analyst Jeff Grampp initiates coverage on Fervo Energy (NASDAQ: FRVO) with a Outperform rating and a price target of $27.00.

Northland Starts Fervo Energy (FRVO) at Outperform, 'Hot Rocks that Power Data Centers'

Thu, 10 Sep 2026 06:55:02 -0400

(Updated - September 10, 2026 6:55 AM EDT)

Northland analyst Jeff Grampp initiates coverage on Fervo Energy (NASDAQ: FRVO) with a Outperform rating and a price target of $27.00.

Northland Starts Fervo Energy (FRVO) at Outperform, 'Hot Rocks that Power Data Centers'

Thu, 10 Sep 2026 06:55:02 -0400

(Updated - September 10, 2026 6:55 AM EDT)

Northland analyst Jeff Grampp initiates coverage on Fervo Energy (NASDAQ: FRVO) with a Outperform rating and a price target of $27.00.

Northland Starts Fervo Energy (FRVO) at Outperform, 'Hot Rocks that Power Data Centers'

Thu, 10 Sep 2026 06:55:02 -0400

(Updated - September 10, 2026 6:55 AM EDT)

Northland analyst Jeff Grampp initiates coverage on Fervo Energy (NASDAQ: FRVO) with a Outperform rating and a price target of $27.00.

Fervo Energy signs 396 MW geothermal PPA with Google for Utah project

Tue, 01 Sep 2026 08:03:49 -0400

Fervo Energy (Nasdaq: FRVO) announced a 396-megawatt power purchase agreement with Google to support development of the Cape Station enhanced geothermal systems GeoCluster in Utah, with the project expected to come online in 2028.

Under the agreement, Google will purchase carbon-free energy intended to serve a potential data center in Utah. The deal also includes an option for Google to expand its offtake by approximately 600 MW, bringing the total to nearly 1 gigawatt, by June 2030. Final data center plans remain subject to engineering feasibility, state and local approvals, and commercial conditions.

The press release describes the agreement as the world's

Fervo Energy and Google Sign 396 MW PPA

Tue, 01 Sep 2026 08:00:00 -0400

Power purchase agreement marks world’s largest enhanced geothermal PPA to date and is expected to accelerate the delivery of 24/7, carbon-free power from the Cape Station GeoCluster in Utah

HOUSTON, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced a 396-megawatt (MW) power purchase agreement (PPA) with Google to enable the continued development of the Cape Station enhanced geothermal systems (EGS) GeoCluster, expected to come online in 2028. Under the agreement, Google will purchase carbon-free energy designed to serve as a foundational building

Fervo Energy and Google Sign 396 MW PPA

Tue, 01 Sep 2026 08:00:00 -0400

Power purchase agreement marks world’s largest enhanced geothermal PPA to date and is expected to accelerate the delivery of 24/7, carbon-free power from the Cape Station GeoCluster in Utah

Fervo Energy (FRVO) spreader of 5K contracts of October 15 and January 20 calls trade

Wed, 26 Aug 2026 14:46:55 -0400

Fervo Energy (NASDAQ: FRVO) 30-day option implied volatility is at 93; compared to its 52-week of 87 to 133 with a focus on a spreader of 5K contracts of October 15 and January 20 calls as share price down 6.6%.