FRVO - Fervo Energy Company
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$42.56
DETAILS
HIGH:
$51.00
LOW:
$27.00
MEDIAN:
$47.00
CONSENSUS:
$42.56
UPSIDE:
154.70%
| Metric | 2026 Q2 | 2026 Q1 |
|---|---|---|
| Revenue | ||
| Revenue | 0.1 | 0.1 |
| Cost of Revenue | 0.7 | 0.6 |
| Gross Profit | (0.5) | (0.5) |
| Operating Expenses | ||
| R&D Expenses | (0.7) | (0.1) |
| SG&A Expenses | 28.9 | 19.6 |
| Other Expenses | 0 | 0 |
| Operating Expenses | 28.2 | 19.5 |
| Operating Income | ||
| Operating Income | (28.7) | (20.1) |
| Interest Expense | 2.2 | 2.7 |
| Interest Income | 10.5 | 2.8 |
| Profitability | ||
| EBITDA | (28.4) | (20.0) |
| EBIT | (28.7) | (20.1) |
| Income Before Tax | (55.9) | (31.8) |
| Income Tax Expense | 0.0 | 0 |
| Net Income | (59.5) | (35.3) |
| Per Share Data | ||
| EPS (Basic) | -0.20 | -0.12 |
| EPS (Diluted) | -0.20 | -0.12 |
| Shares Outstanding | 294.7 | 283.6 |
| Metric | 2026 Q2 | 2026 Q1 |
|---|---|---|
| Current Assets | ||
| Cash & Cash Equivalents | 2,106.4 | 280.8 |
| Short-Term Investments | 0 | 0 |
| Net Receivables | 17.2 | 16.8 |
| Inventory | 0 | 0 |
| Other Current Assets | 30.6 | 10.3 |
| Total Current Assets | 2,154.2 | 307.9 |
| Non-Current Assets | ||
| Property, Plant & Equipment | 1,323.8 | 1,063.2 |
| Goodwill | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Long-Term Investments | 11 | 6 |
| Other Non-Current Assets | 46.1 | 50.5 |
| Total Non-Current Assets | 1,380.9 | 1,119.6 |
| Total Assets | 3,535.1 | 1,427.5 |
| Current Liabilities | ||
| Account Payables | 29.7 | 8.0 |
| Short-Term Debt | 35.8 | 25.3 |
| Deferred Revenue | 0 | 0 |
| Other Current Liabilities | 184.6 | 168.5 |
| Total Current Liabilities | 250.0 | 201.9 |
| Non-Current Liabilities | ||
| Long-Term Debt | 217.4 | 186.6 |
| Deferred Tax Liabilities | 0 | 0 |
| Other Non-Current Liabilities | 1.7 | 24.7 |
| Total Non-Current Liabilities | 304.2 | 297.7 |
| Total Liabilities | 554.3 | 499.6 |
| Stockholders' Equity | ||
| Common Stock | 0.0 | 0.0 |
| Retained Earnings | (332.3) | (276.4) |
| Accumulated Other Comprehensive Income | 0 | 0 |
| Total Stockholders' Equity | 2,793.8 | 744.6 |
| Total Liabilities & Equity | 3,535.1 | 1,427.5 |
| Debt Metrics | ||
| Total Debt | 338.3 | 298.3 |
| Net Debt | (1,768.1) | 17.5 |
| Metric | 2026 Q2 | 2026 Q1 |
|---|---|---|
| Operating Activities | ||
| Net Income | (59.5) | (31.8) |
| Depreciation & Amortization | 0.3 | 0.1 |
| Stock-Based Compensation | 0 | 2.6 |
| Change in Working Capital | (19.5) | 1.8 |
| Other Non-Cash Items | 44.0 | 18.3 |
| Operating Cash Flow | (34.7) | (9.0) |
| Investing Activities | ||
| Capital Expenditure | (226.5) | (172.8) |
| Acquisitions | 0 | 0 |
| Purchases of Investments | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 |
| Other Investing Activities | 0 | 0 |
| Investing Cash Flow | (226.5) | (172.8) |
| Financing Activities | ||
| Net Debt Issuance | 39.4 | 14.2 |
| Stock Repurchased | 0 | 0 |
| Dividends Paid | 0 | 0 |
| Other Financing Activities | 0 | (14.2) |
| Financing Cash Flow | 2,091.8 | 0.8 |
| Cash Position | ||
| Net Change in Cash | 1,825.6 | (181.1) |
| Cash at Beginning | 280.8 | 467.8 |
| Cash at End | 2,106.4 | 286.8 |
| Free Cash Flow | (261.2) | (181.8) |
| Key Metrics | 2026 Q2 | 2026 Q1 |
|---|---|---|
| Income Statement | ||
| Revenue | 0.1 | 0.1 |
| Gross Profit | (0.5) | (0.5) |
| Operating Income | (28.7) | (20.1) |
| Net Income | (59.5) | (35.3) |
| EPS (Diluted) | -0.20 | -0.12 |
| Balance Sheet | ||
| Cash & Equivalents | 2,106.4 | 280.8 |
| Total Assets | 3,535.1 | 1,427.5 |
| Total Debt | 338.3 | 298.3 |
| Stockholders' Equity | 2,793.8 | 744.6 |
| Cash Flow | ||
| Operating Cash Flow | (34.7) | (9.0) |
| Capital Expenditure | (226.5) | (172.8) |
| Free Cash Flow | (261.2) | (181.8) |