Why Fervo Energy Stock Skyrocketed Today
A blockbuster deal with an AI colossus has investors excited.
Overview
Shares of Fervo Energy (NASDAQ: FRVO) soared on Tuesday after the next-generation geothermal systems builder struck a landmark agreement with Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG) Google.
Image source: Getty Images.
Fervo entered into a 396-megawatt (MW) power purchase agreement with Google. The deal is intended to help Fervo further the development of its flagship Cape Station enhanced geothermal systems GeoCluster in southwest Utah.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.