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Geothermal Firm Fervo Soars 35% After $1.89 Billion IPO
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FacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Monique Mulima and Emily ForgashMay 13, 2026 at 5:13 PM UTCUpdated on May 13, 2026 at 8:26 PM UTCBookmarkSave
Fervo Energy signage during the company's IPO at the Nasdaq MarketSite in New York on May 13.
Photographer: Michael Nagle/BloombergFervo Energy Co. shares jumped 35% in their trading debut after the geothermal energy developer raised $1.89 billion in an upsized US initial public offering.
Shares of the Houston-based firm closed at $36.54 each on Wednesday, versus an IPO price of $27. The listing priced above the marketed $25 to $26 range, which had been raised.
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