Why Shares of Fervo Energy Are Crashing This Week
It's been a rocky week for this geothermal specialist.
Overview
Announcing financial results for the first time as a public company this week, Fervo Energy (NASDAQ: FRVO) reported second-quarter 2026 earnings results on Wednesday. While the geothermal energy company exceeded expectations in one regard, it came up way short in another. The mixed report, coupled with a firm providing a less auspicious price target, is powering the bears' feeding frenzy.
As of 10:20 a.m. ET, shares of Fervo Energy were down 21.4% since the end of last Friday's market session, according to data provided by S&P Global Market Intelligence.
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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.