Fervo’s $8 Billion Stock Value Tops Ormat — Now Comes the $1 Billion Cost Test
Fervo Energy Company closed Friday at $27.13, giving the geothermal developer a $7.99 billion equity value — about 17% more than Ormat Technologies, an established listed geothermal operator worth $6.80 billion. That premium now rests heavily on whether Fervo’s new 21-day drilling record can translate into lower plant costs and reliable power sales.
