Fervo Energy Stock Jumps 35% in Nasdaq Debut as AI Power Demand Pulls Geothermal Into Wall Street’s Spotlight
Fervo Energy surged 35.3% in its Nasdaq debut Wednesday, closing at $36.54 and pushing the geothermal developer’s market cap to roughly $10.36 billion. The company had set its IPO price at $27 per share, selling 70 million shares under the ticker FRVO.