Fervo Energy Company (FRVO) Faces Investor Scrutiny Amid Post-IPO Transmission Curtailment Revelation – HBSS
Globe Newswire•23/09/2026•11:45 ET
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SAN FRANCISCO, Sept. 23, 2026 (GLOBE NEWSWIRE) -- During Fervo Energy Company’s (NASDAQ: FRVO) August 12, 2026 Q2 2026 earnings call, the company revealed that it expected a temporary shutdown of certain transmission infrastructure it relies on to deliver electricity from its Cape Station project.
This news drove the price of Fervo shares down over 16% that day to close at $20.16, well below the company’s $27 IPO price in May 2026.
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