Fervo Energy Company is trading 7.4% up at $37.79 in pre-market, tracking a broad risk-on rally triggered by a tentative U.S.-Iran peace agreement and the reopening of the Strait of Hormuz.
- The move extends a rebound from last week’s sharp volatility, despite a lack of new company-specific headlines or analyst updates.
- Positive market sentiment has boosted equity futures and risk assets, with the macro energy shift lifting the stock even as oil prices face downward pressure.